Modest growth at its riverboat-style casinos in the Midwest and South couldn’t offset a big slump in Las Vegas business.

We look at Penn's potential ahead of it's Q3 earnings release.

While there are signs that the travel business has finally bottomed out -- and some expectations of improvement next year -- any significant recovery in traffic or pricing for the nation’s hotel, resort and airline operators seems likely to take a while.

Apparently when times are tough Americans are less inclined to burn through their precious dollars at slot machines and blackjack tables. As consumers across the country readjust their spending habits to the new reality of less readily available credit and a weak job market trips to Vegas Atlantic City and the local riverboat are getting the ax. The Wall Street Journal reported yesterday that after dropping 2.2% in 2008 from the year before state gambling revenue was weak again during the first 6 months of 2009. Casino companies too are smarting with Las Vegas Sands (LVS) MGM Grand (MGM) Wynn ...

Learn about casino stocks and delve into the recent earnings from Las Vegas Sands and Wynn.