Harrah's second quarter profits were up 17% post the merger with Caesars Entertainment.
Still, shares traded down as analysts had expected better performance. While many gaming companies such as MGM MIRAGE have reported healthy results, none have solidly beaten Street expectations, which is dragging on the stock price.
Update: Here's an interesting article from Motley Fool on gaming stocks this quarter:
Motley Fool on Gaming Stocks
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