Vegas Won't Go Bust, 2010 Will Rock the Market Vectors Gaming ETF (BJK, WYNN, LVS)

Think Vegas and the big Casino stocks are dead?  Think again, to quote Robert Denrio from Casino (1995): In the casino, the cardinal rule is to keep them playing and to keep them coming back. The longer they play, the more they lose, and in the end, we get it all.
Rather than go all in on the Las Vegas Sands (NYSE:LVS) or the Wynn Resorts (NASDAQ:WYNN) cover your spread by just using the Market Vectors Gaming ETF (NYSE:BJK)

The Market Vectors Gaming ETF (the Fund) (NYSE:BJK) seeks to replicate as closely as possible the price and yield performance of the S-Network Global Gaming Index (WAGR or the Index) by investing in a portfolio of securities that generally replicates WAGR. WAGR, calculated and maintained by Standard & Poor’s Custom Indices on behalf of Stowe Global Indexes LLC, is a rules-based, modified capitalization-weighted, float-adjusted index consisting of publicly traded companies worldwide engaged in the global gaming industry.

The BJK is made up the following holdings listed to the right, this can all be found at the company that operates the BJK, Van Eck Global (vaneck.com.

Via SeekingAlpha.com -- Market Vectors Gaming ETF (BJK)

Gaming ETFs Could Get A Bump In 2010. After being battered and bruised during the economic downturn, the gaming industry bounced back with an impressive performance in 2009. But BJK still remains well below highs from the previous year, as consumers have been slow to loosen the purse strings for clothes, let alone craps. But there’s a lot more to the gaming industry than the Las Vegas Strip.

While trips to Sin City are way down, local gaming operations continue to thrive and draw record crowds. And then there’s the tricky little issue of budget shortfalls: unemployment may have technically halted its climb, but a 10% jobless rate translates into a huge decline in revenue for state and local governments. As the realization that these payroll taxes aren’t coming back any time soon sets in, legislators are being forced to get creative with their budgets, and gambling revenues become more and more tempting.

A handful of U.S. states are currently considering legalizing certain types of gambling to fill fiscal deficits, moves that could boost demand for producing of gaming machines and technology.

Place your Bets Masters, and roll the dice with BJK in 2010.