It has been a difficult year for casino and gambling stocks, which have continued to miss estimates amid slowing global revenue. These multi-billion dollar enterprises have experienced strong growth over the last several years, but are coming under fire as profit targets become harder to achieve.
The Market Vectors Gaming ETF (NYSE: BJK) is the only dedicated exchange-traded fund in this industry group. BJK boasts 46 global holdings that include exposure to the United States, China, Malaysia, Australia and other countries.
This ETF currently has $45 million in total asset and charges a net expense ratio of 0.65 percent. The majority of the BJK portfolio is made up ...
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