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- Casino stocks are slumping – and that could be bad news for the US economy.
- The sector plunging could be a signal that Americans are about to start spending less.
- Top investor Jim Chanos has touted the Las Vegas strip as a potential economic indicator in the past.
US stocks have had a miserable couple of months after starting 2023 on a tear – and one sector is feeling the whiplash more than most.
Publicly listed casino owners and operators have seen their share prices slump since the start of August, with some entering bear-market territory after dropping more than 20%.