A lot of people are waiting for a Las Vegas recovery, and a reversal of fortune could be underway, as revenue growth for this year is at 9.3%. The gaming exchange traded fund Market Vectors Gaming ETF (NYSEArca: BJK) is up more than 10% so far in 2012.

Emerging market growth has driven the casino industry over the past quarters. According to WSJ data, many U.S. casino operators have posted stronger results over the past year due to an increase in the number of visitors to Las Vegas, reports MarketWatch. [Gaming ETF Falls After Wynn Earnings, Dividend Disappointments]

Much of the growth within the gaming industry in Las Vegas has come from convention business rather than actual gaming, with gambling down 2.9% from last year. [ETF Chart of the Day: Market Vectors Gaming]

A gaming index consists of stocks from casino operators and manufacturers of gaming systems, to companies that take bets on sporting events. Gaming ETFs are highly sensitive to economic downturns. [Gaming Stock ETF Down After After Las Vegas Sands, MGM Results]

The boom days of gaming growth have been put to an end, but companies are focusing on shareholder payback and improvement within existing resorts to stay on investors’ radar, reports Travis Hoium for The Motley Fool.