Whether investors should be worried that it will hurt Market Vectors Gaming (NYSEArca: BJK) is another matter. Many gambling companies have operations both elsewhere in the United States and around the world. Cases in point: gambling revenue in Macau rose 50% this year from 2009, while Las Vegas Sands (NYSE: LVS) reported a 67% jump in revenue over last year, primarily on overseas growth. LVS is 14.9% of BJK.
As long as gambling companies don’t place all their chips on Vegas, BJK may continue to perform decently.
Tisha Guerrero contributed to this article.