Tag: Gambling Industries

Opinion: Why index funds are nuts

How much of my retirement portfolio do I really want to gamble on a high-risk, low-profit company that is already valued at over 1,000 times its most recent earnings, plus seven times the peak earnings of its entire industry, and which is controlled and run by a volatile eccentric? Probably not much, to be honest. […]

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S&P 500 bets on Penn National Gaming and Caesar’s in index reshuffle

The S&P 500 is betting on Penn National Gaming Inc. and Caesar’s Entertainment Inc. amid increasing legalization of sports betting in the U.S. Penn PENN, -0.38% and Caesar’s CZR, -0.13% were announced as incoming members of the S&P 500 index SPX, +0.10% Friday afternoon, along with semiconductor manufacturer NXP Semiconductors NV NXPI and Generac Holdings […]

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