Casino-based resorts have certainly changed over the years. The word casino translates to "small house," and the first casinos were just that -- small, dimly lit gambling venues.

Over time, casinos evolved into colossal resorts, complete with entertainment, convention facilities, luxury shopping malls, theme parks, pools, and fine dining. These comprehensive resorts became known as integrated resorts, "integrating" multiple activities into one experience.

Below are two casino stocks whose companies have embraced the integrated resort model, one of which looks to be at a screaming discount.

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Source Fool.com