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Is Gaming and Gambling Stock Really 'Defensive'?

December 19, 2008

By Simon Collins, Director, Cashcade Ltd. Less than two months ago, the Financial Times, no less, suggested that the gambling industry was well positioned to avoid the worst of any economic downturn. Roger Blitz, the FT’s Leisure Industries Editor, wrote that gambling stocks could be considered ‘defensive’, and therefore more capable than others of withstanding [...]

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