Caesars Entertainment (CZR) is one of the largest gambling and resort companies in the world. Its stable includes approximately 50 casinos in 13 states and five countries, including Caesars Palace, Harrah's, and other desirable locations on the Las Vegas Strip. Caesars and its peers operate in a highly cyclical industry that is sensitive to the health of the economy. This is especially the case for the Vegas Strip, where competitors are always clamoring to get a piece of the action. The competitive dynamic and growth in supply are also playing out in regional markets as