Vice Precedent

A few notable bankruptcies in the gaming space have distressed buyers thinking opportunity

June 9, 2008

Whenever the economy softens, investors seeking refuge will often turn to the sin industries. The thinking, of course, is that smoking, drinking and gambling are recession-proof. Recently, however, a chalk outline has been drawn clearly around the gaming industry, proving, at least temporarily, that some peccadilloes are still better bets in an up cycle.

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