07Jun3:36 pmEST
Casino: I'm Over Here Now
The resurgence in major casino stocks is apparent today, namely in LVS MGM WYNN. We know the likes of WYNN has had a rough couple of years but is making strides in 2016, thus far.
To my eye, though, an interesting "tell" going forward for the space could easily be best in class slot machine maker, IGT.
IGT develops new age server based gaming, too, appealing to millennials and the like, as gamblers see their interests shift away from drunkenly degenerating at the blackjack table all night and towards pop culture-blended virtual reality gambling.
On the multi-year chart, below, if IGT can break above its "Dead money" base, specifically over $20, I suspect the real value and action can be over here now.
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