Whenever there is a terrorist incident, stocks have a tendency to fall. Sometimes they fall a little, sometimes they fall a lot. However, the latest attack didn’t affect the casinos at all. There were some stocks that dropped, just as they always do, but the casinos did not feel the fall this time. 

David Katz, an analyst with CIBC World Markets, says he is positive that most investors in the casino industry are aware of the problems in the world, but are not letting it affect their financial judgments. He believes that the casino industry will actually see higher stock prices within the next few months. Harrah’s actually went up, now that a judge has ruled in their favor on a new casino project in Rhode Island.  

Other casinos faired just as well, with many of them getting some sort of good news and the stock reflecting that. Stations Casinos posted a new presentation on its web site, showing how well the company was doing. They got a boost in the market as well. It just goes to show you, terrorists or not, people like to play slot machines and they like to gamble. So unless they start attacking individual slot machines, they probably aren’t going to affect the casino industry.

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