Viva Lost Wages: 8 Casino Stocks That Are on a Roll
"The casino and gaming business may be poised for a high-rolling 2012, thanks to signals both domestically and abroad that may bode well long term for the sub-industry," in particular, Asia's gambling appetite, said S&P Capital IQ, in a research note.
The Standard & Poor's composite casinos and gaming index is up 12% this year, versus the S&P 500's 10% gain.
Most big casino companies are diversified, with hotel and resort components to go along with their various betting games. And, increasingly, they've come to rely on Asia, and in particularly Chinese bettors to fuel most of their growth, which is why they've been building new resorts there.