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Sep 14, 2016

(AP) - Pennsylvania's gambling board is barring the flamboyant alleged head of the Philadelphia Mafia - who's currently facing racketeering charges - from all casinos in the state. The state Gaming Control Board voted Wednesday to ban Joseph "Skinny Joey" Merlino. Board spokesman Doug Harbach tells The Philadelphia Inquirer that proceedings against Merlino began following a March incident at the SugarHouse Casino in Philadelphia, in which he says members of Merlino's group were involved in a physical altercation with other gamblers. The ban is permanent, though Merlino can petition the board to have his name removed from the list. Merlino has already been barred from Atlantic City casinos. He was arrested last month and is currently free on $5 million bail as he awaits trial. Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. WTRF

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These Zacks Rank #3 (Hold) stocks stand to benefit from the addictive nature of tobacco. You can see the complete list of today's Zacks #1 (Strong Buy) Rank stocks here. Smoking rates have, in general, been declining in the developed countries, while are on the rise in the developing ones. This figure is anticipated to grow, resulting into steady sales and attractive yields for investors. Thus we have picked up 4 tobacco stocks which a sensible investor should keep holding in his portfolio. They have strong long term earnings per share growth rate, have low Beta score (which implies that it is less sensitive to the ongoing volatility in the market), and handsome dividend yields. Altria Group Inc. MO: For the long term, Altria is anticipated to grow by 7.38%. Further, the stock has had a good run so far this year, gaining around 11.10%.

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