Even with the high gas prices, it hasn’t hurt the gambling industry much. Pretty much across the board, there is a sharp increase in the casino stocks. Now some of the stock advisers haven’t got on board this casino rally yet. So it might just be a small run that these casino stocks are on. There’s not a lot of recommendations for any of the big name casino stocks.

One factor is possibly Hurricane Katrina. It really hurt a lot of the casinos that were around the Gulf of Mexico. Most of them, if not all are back up and running now, and people are flocking to the Gulf Casinos like they did before Hurricane Katrina struck. Some of the bigger casino companies that are located in that area is the Isle of Capri, MGM Mirage, Pinnacle Entertainment, Penn National Gamming, and Harrahs Entertainment. All of these companies took big hits from the hurricane, and now that they are back up and running again. Could be the reason that casino stocks are on the move now. So if your wanting to add a casino stock to your portfolio, then it looks like a good time right now.