Buy gaming stocks

[moo321]

http://www.theaustralian.com.au/news...-1226237734779

Macau gaming revenue is up 40%, Macau is now a much bigger destination than Vegas in terms of revenue. MGM, MPEL and WYNN have lots of exposure to Macau. MPEL is only in Macau. I like the management of MGM and WYNN. LVS is also in Macau, but their management is the worst I've seen in the casino business, worse than Caesar's (formerly Harrah's).

I believe these stocks will go up several times over the next few years, even if revenue growth slows down.

[Solo player]

IMHO. In terms of the best investment WYNN is my first choice hands down.

[AussiePlayer]

Is Shufflemaster publicly traded?

[Solo player]

Yes. http://finance.yahoo.com/echarts?s=S...=SHFL;range=2y

[Frankie]

There's also a gaming index fund: http://www.vaneck.com/funds/BJK.aspx
If you play at high enough stakes, it could serve as a hedge against negative variance at the tables :-)

[Percy]

There's also a gaming index fund: http://www.vaneck.com/funds/BJK.aspx
If you play at high enough stakes, it could serve as a hedge against negative variance at the tables :-)

[21forme]

Is Shufflemaster publicly traded?

Yes, it is. Symbol SHFL, currently trading $12.66, near its highest level since 2008.

I'd be very hesitant to invest in any gaming company. It's an industry run by mostly stupid people who, based on many of their actions (poor pen, backing off lucky players, etc.), don't understand their own business.

Shufflemaster is an interesting company. They have a virtual monopoly in the shuffle machine market. Some day, casino management may wise up and realize the machines are unreliable, constantly breaking down, have high leasing fees, and probably don't save the casinos any money. The other end of their business is casino games, for example 3CP, UTH and MS, among others. This end of their business is definitely a profit center, but as the casino industry is relatively stagnant, how much growth potential is there?

[Lowrider]

Man I've looked hard at gaming stocks over the last few years but will not go down that road....however, if I were to invest it would be with WYNN....during the 30year period from about 1970 to 2000 the only public traded company with a higher average annual return than Mirage, which Steve Wynn then ran, was Berkshire Hathaway, if you don't know who runs that company please don't ever invest in anything.

[Solo player]

Yes, it is. Symbol SHFL, currently trading $12.66, near its highest level since 2008.

I'd be very hesitant to invest in any gaming company. It's an industry run by mostly stupid people who, based on many of their actions (poor pen, backing off lucky players, etc.), don't understand their own business.

Shufflemaster is an interesting company. They have a virtual monopoly in the shuffle machine market. Some day, casino management may wise up and realize the machines are unreliable, constantly breaking down, have high leasing fees, and probably don't save the casinos any money. The other end of their business is casino games, for example 3CP, UTH and MS, among others. This end of their business is definitely a profit center, but as the casino industry is relatively stagnant, how much growth potential is there?

With the expansion of gaming in Asia. And the potential of some casino stocks to increase there bottom line by hundreds of millions, perhaps even bilions, per year because of this they are money makers for a lot of investers. When I invest money in gaming stocks the last thing I'm worried about is if they back off a few blackjack players. Show me the money.

This is something I found doing a quick search on gaming stocks. http://www.forbes.com/sites/genemarc...rtner=yahootix

[21forme]

When I invest money in gaming stocks the last thing I'm worried about is if they back off a few blackjack players.

I used this as an example of their gross mismanagement and lack of understanding of their own business. They are losing millions of dollars by their tactics (slowing down games, etc.) to save thousands won by a handful of APs.

[shadroch]

I used this as an example of their gross mismanagement and lack of understanding of their own business. They are losing millions of dollars by their tactics (slowing down games, etc.) to save thousands won by a handful of APs.

These stupid people have managed to convince an entirely new market that their casinos are vacation destinations
with expensive dining and expensive entertainment rather than places to gamble. They have done away with the negative gambling images and introduced the exciting gaming experiance. They've convinced a new generation that it is kool to drop $800 for bottle service in their casino insteasd of playing BJ. I'd love to hire a few of these stupid people for my next venture.

[21forme]

These stupid people have managed to convince an entirely new market that their casinos are vacation destinations
with expensive dining and expensive entertainment rather than places to gamble. They have done away with the negative gambling images and introduced the exciting gaming experiance. They've convinced a new generation that it is kool to drop $800 for bottle service in their casino insteasd of playing BJ. I'd love to hire a few of these stupid people for my next venture.

MGM hasn't had a profitable quarter since early 2008. Can't comment on CET, as they aren't a public company, but planning to go public tells you they need money.
You can have these people for your next venture!

[moo321]

I'd be very hesitant to invest in any gaming company. It's an industry run by mostly stupid people who, based on many of their actions (poor pen, backing off lucky players, etc.), don't understand their own business.

MGM doesn't do most of those things. Almost every MGM casino I've been to cuts off about 1 deck from the shoes, has liberal comps, and big action on table games. I've seen purple action at 5 or 6 MGM casinos. WYNN is also well managed, doesn't use obscenely complicated shuffles, dealers love working there, etc.

Also, 40% revenue growth in Macau is the most relevant issue here. 40%.