Sector Snap: Casino stocks mixed after rate cut

Casino stocks traded mixed early Wednesday after the Federal Reserve and four other central banks reduced interest rates by a half-point and an analyst cut some price targets on economic uncertainty.

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Casino gambling facts:

• Legal gambling activities include state lotteries; parimutuel betting on horses, greyhounds, and jai-alai; sports book-making; card games; keno; bingo; slot machines; progressive slot machines; video poker machines; video keno machines; video blackjack machines; and video roulette machines.
• As early as 1420, lotteries were used in Europe for public works. High-value commodities such as land and art were often sold through lotteries.
• The name of the game "Poker" likely descended from the French poque, which descended from the German pochen ("to knock"), but it is not clear whether the games named by those terms were the real origins of poker.
• Casino chips were used in the 18th century as a substitute for money being wagered. Originally, they were pieces of bones, mother of pearl or ivory engraved with the name of the casino and their respective value.