I live near a casino where hotels rooms are tough to come by, so a demand for short term housing may exist. 

When a vacationer has a choice of ski lodge condo (right next to the slopes), casino hotel, motel, or house, they often choose the former before the latter.  

Residents pay just 0.74% of their home value in property taxes, one of the lowest rates in the country.Nearly one-fourth of the city’s labor force works in the arts and entertainment industry, and three casinos are among the top five employers.

I stay out of casinos. 

So if you believe that the stock market is a better investment and are more comfortable with it then go for it, but me I think it is a casino and the fundamentals are dead so I stay away.

Meaning, expensive east and west coast markets that have their RE markets back into casino territory.Only time will tell.   

Real Estate is not supposed to be a casino. 

Strangely however no one is talking about the systematic devastation and migration that could emerge in cities and small towns with single economies like Casinos, Theme Parks, Tourism Resorts, Oil belt and College Towns.

The modern casino’s are also fun especially when you win.

I've got a lead on a bar right next to a casino I'm doing my due diligence on.