As Macau takes hold of the casino industry, sometimes we forget about how slow the gaming recovery has been in the U.S. Las Vegas is slowly starting to see a turnaround, but regional casino operators are struggling and the weak results are trickling down to gaming suppliers.
What is the easiest expense to delay if your gaming revenue is down? New slot machines and table games would come to the top of my list.
Indeed, slot machine makers WMS Industries
The shining jewel may just be a company that Wall Street threw out with the trash a few years ago. When Shuffle Master
As slot makers rely on the whims of struggling casinos to replace machines, it looks like the only gaming equipment supplier worth buying is shuffling cards. Shuffle Master isn't terribly expensive either, with a forward price-to-earnings ratio of 16.6 and a recurring revenue model that will provide consistent results.
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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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