Gaming Companies Can't Fight This Tide

Longtime readers of Real Money Pro know that I've been a fan of sin stocks -- alcohol, chocolate, tobacco, gaming and others -- for some time. There is once again a lot of noise about rising cocoa prices, and to me that means margin pressure at Hershey (HSY), Tootsie Roll (TR) and similar companies. There has also been growing noise about the rise in coffee prices and what that may or may not mean for Starbucks (SBUX) and Dunkin Brands (DNKN). Another piece of data was recently published, and it's not good for the gaming industry.

Recently, Nevada's Gaming Control Board reported that revenue for the Strip fell to $556 million, from $696 million the same month a year ago. Statewide gaming revenue was down 13.7% to $926 million. That February drop follows a 2.8% year-over-year decline in February. Viewed a little differently, from a sequential perspective, the "total gaming win" in January fell 14.5% compared with that for December 2013, but it rebounded in February by 4.7%. Even so, for the first two months of 204, the "total gaming win" is down more than 8.5% year over year....349 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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