Stocks continued to rally and recorded new highs in April, following a period of modest economic growth and unexpectedly good earnings reported by many companies. Some of the most surprising results came from Nevada-based companies, with positive tourism and general economic growth in the state providing a boost.

Overall in April, gaming stocks were up considerably, with the Applied Analysis Gaming Index increasing 3.2 percent over March of 2013. This compares favorably with the 1.8-percent increase witnessed in the S&P 500 during the same period. Leading the index were Boyd Gaming (BYD), reporting a 45.1-percent increase between March and April and Pinnacle Entertainment (PNK), reporting a 30.4-percent increase during the same period. Both companies managed to report earnings surpassing Wall Street expectations, with fundamental improvements in revenues from each companies’ casinos driving improved results. Overall gaming revenue in Nevada improved to $10.9 billion for the 12-months ending in March, which was up 1.2 percent over the prior period.

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