Casinos Feel Pinch

Times are tough and just getting tougher. In fact, casino business, normally considered recession-proof, is showing signs of fatigue.

Financial advisers are saying that high-yield, high-risk casino bonds – once considered to be moneymakers during the 2001 recession – are no longer the best bet for investors.

The bonds aren’t immune to the current economic problems, according to Bloomberg News. Casino bonds reportedly returned 10 percent in 2001 but sky-high gas prices and the housing-market slump have the bonds showing a 4.4 percent loss.