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Book at +0.43 percent, gambling leg still leading (FLUT +6.8, PENN +3.8, CZR +3.3, CHDN +2.9, MGM +0.6). WYNN -6.1 the biggest drawdown on tape rotation, no thesis break, the 5.1 billion UAE resort project opens 2027 and Kalshi has CZR at 68 percent to be acquired this year. Tobacco compounding slow (PM +3.7, BTI +0.3, MO -0.7). Dividend trio finally at breakeven or above from Thursdays raised limits. Bench still off-universe. No trades. House collects the yield.

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