Sector Watch: The gaming industry

Gaming is a high growth business. According to information provided by Casino City Press, North American gaming revenues grew 9% annually between 2002 and 2005, from $46.7 billion to approximately $60 billion.

These include revenues from commercial casinos, Native American casinos and card rooms. In 2005, there were an estimated 49,000 table games and almost two million gaming machines installed worldwide, of which an estimated 26,000 table games and 840,000 gaming machines were in North America. Gaming activities are legal in 49 U.S. states and 10 Canadian provinces.

Two companies poised to benefit from increased interest in gaming are Progressive Gaming International Corp. (Nasdaq: PGIC) and Lakes Entertainment (Nasdaq: LACO).  

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