The following video is part of our "Motley Fool Conversations" series, in which consumer goods editor and analyst Austin Smith discusses topics across the investing world.

In today's edition, Austin looks at two big updates in the gaming world, both of which have big implications for Caesar's Entertainment. The sale of a St. Louis casino to Penn National gaming doesn't seem like the wisest decision he's ever seen. Fortunately, there is also good news as Wynn Resorts is withdrawing its plans for a casino based in Foxborough, Mass., which would have competed for the same casino license in The Bay State. Now, Caesars has a big runway for its planned East Boston casino.

Without a doubt, though, the best casinos of the past few years have been those that put a bull's-eye on emerging markets, not domestic ones. It's been a great strategy that extends well beyond the gaming industry. You can read about "3 Companies Set to Dominate the World" in our new analyst report. It's free today, but won't be forever so click here to read it while you still can.

Austin Smith has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.