Jefferies Comments On Recent Casino Sector Growth (BYD)

by Benzinga Staff
February 8, 2011 10:08 AM | 28 seconds read

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.

“The Illinois Gaming Board released January casino revenues totaling $108.6M for a YoY decline of 6.0%,” according to the report. However, Jefferies mentioned that the Maryland lottery reported “total January slot revenues of $10.8 million, representing sequential growth of 64.5% thanks to the contributions from a new casino, Casino at Oceans Downs.” Florida also experienced casino revenue growth of 8% year over year. Boyd Gaming (NYSE: BYD) is a gaming company that owns and operates 15 casino facilities. Shares of Boyd Gaming are currently trading up 13% from Monday's close at $11.01.

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.

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Posted In: Analyst ColorAnalyst Ratingsboyd gamingCasinos & GamingConsumer DiscretionaryJefferies

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