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A spokesman for Casino Magic declined to comment on the stock's decline. Investors also sold other casino stocks yesterday. Riverboat gambling complexes have become popular alternatives to land-based, full-service casinos, analysts said.

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Leibowitz said. TimesMachine is an exclusive benefit for home delivery and digital subscribers. Analysts said the selloff underscored how volatile casino stocks have become in the last year as more states and cities turn to gambling to raise tax revenues -- and how jittery investors become at any mention of words like "audit," even when the scrutiny is routine. Leibowitz, an analyst with the American Securities Corporation. The Biloxi riverboat casino opened with slot machines and 40 table games and expects to double that number by late July. Too Far, Too Fast? View on timesmachine. A 'Normal' Closing. Early results from companies entering the field have been very positive, Mr. A gaming commission spokeswoman in Jackson, Miss. It also noted that the Gulf Coast casino would close for 48 hours, beginning yesterday, for a routine inspection by the Mississippi State Gaming Commission and would reopen on Wednesday. Occasionally the digitization process introduces transcription errors or other problems; we are continuing to work to improve these archived versions. To preserve these articles as they originally appeared, The Times does not alter, edit or update them. But he noted that "some investors are looking very hard at specific stocks and saying they may have risen too far, too fast. When complete, the complex will total , square feet, including 60, square feet of casino space. Circus Circus Enterprises Inc.