Will Gaming ETF (BJK) And Las Vegas See A Comeback?

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May 29, 2009 9:56am NYSE:BJK

gamblingThere are bits and pieces along the Vegas strip that still remind people of the recession, however, one big new attraction is still set to open on time despite a slowdown in markets and exchange traded funds (ETFs).

The CityCenter is one of the largest privately financed developments in the United States. The $8.5 billion city within a city is set to open later this year. Allison Gregor for The NewYork Times says this 67-acre development on the Strip consists of six towers with 2,392 apartments, as many as 5,900 hotel rooms, a casino, a shopping center and an entertainment complex.

This center is set to be the mecca in Las Vegas and for it to fail now would be miserable at best. Entertainment and gaming shares and ETFs should be able to benefit from the completion as well.

The gaming ETF (BJK) has seen its assets surge from just $2 million in March to $37.7 today. Could investors be betting on Vegas in an economic recovery?

Full Story:  http://www.etftrends.com/2009/05/will-gaming-etf-las-vegas-see-a-comeback.html

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