cnbc nice report on gambling in Macau

[chinaman711]

24 casino's and business is booming.

[optimus25]

I wish I could have gotten in on Las Vegas Sands when it was first reported that they were building in Macau. Shoulda, woulda, coulda....

[chinaman711]

PACT getting some of the casino business----Updated:2007-01-24 14:36:53
Macao Surpasses Vegas as Gambling Center
By DAVID BARBOZA
The New York Times
SHANGHAI (Jan. 23) — Macao surpassed the Las Vegas Strip to become the world’s biggest gambling center in 2006, measured by total gambling revenue, according to industry analysts and government figures released today.

[optimus25]

Macau story might be priced in...or then again, we might be underpricing the true potential of gambling in Asia...there may be more to come as the rise in middle class in China will be a big boost.

[aiki14]

Macau is the destination of choice for high rollers here, even though casino's are legal and there's one in Hobart.

[MoMoney4Me]

The casino stocks have had a nice run and will continue to do so.

A few of my favorite bets :) on gaming stocks have not been the casinos but the companies that supply them. Of those my favorites are International Game Technology IGT, and Shuffle Master SHFL.
Both are great selections to play the growth and ongoing maintenance of the casino industry.

[Tuxguy]

The casino stocks have had a nice run and will continue to do so.

I own UWN Navada Gold and Casino and I have been waiting for a good reversal. Just when it looks like it may happen, it falls further. I need some good news to hit about this company.

[Tuxguy]

I own UWN Navada Gold and Casino and I have been waiting for a good reversal. Just when it looks like it may happen, it falls further. I need some good news to hit about this company.[/QUOTE]


673[

[MoMoney4Me]

I own UWN Navada Gold and Casino and I have been waiting for a good reversal. Just when it looks like it may happen, it falls further. I need some good news to hit about this company.




I think I'd take my losses on that one and move on to something else. It's a good example of a worst of breed in a decent industry.
The smaller palyers like this one are at a distinct disadvantage when going us against the big guns.
I own property in Gulfport, MS and had interest in the casinos there a few years ago. In the early 90's when the gaming industry was beginning to boom in the area I traded President Casino a bit, but look what it turned out to be. Worthless !!
The low priced stocks are no indication of value and are usually priced low because the company stinks and is losing money.
You'll fare better just buying a few shares of a best of breed than you will getting lots in a low priced stock like that.
Sell it and take it as a lesson learned. Hold it and you may end up with nothing.

[Will]

one thing to remember, the house always wins.

[aiki14]

A play on this that I have been in for a while is WMS. Merrill initiated a buy on them on 19 Jan. They have a conference call 5 feb. Here's a description:

WMS Industries Incorporated. The Group's principal activity is to design, manufacture and market innovative video and mechanical reel spinning gaming machines and video lottery terminals. The gaming machines incorporate secondary bonus rounds, advanced graphics, digital sound and engaging game themes, some of which include popular songs and recognized trademarks. In addition to gaming machines, the Group sells replacement parts and game theme conversions of its gaming machines. The Group operates in the United States, Russia, Canada and other countries. Trademarks of the Group include WMS Gaming, CPU-NXT(R), Cabinet Bluebird (R) and brand name include MONOPOLYTM, HOLLYWOOD SQUARESTM and MEN IN BLACKTM. On 13-Jul-2006, the Group acquired Orion Financement Company.

[BigDawg291]

I own property in Gulfport, MS and had interest in the casinos there a few years ago. In the early 90's when the gaming industry was beginning to boom in the area I traded President Casino a bit, but look what it turned out to be. Worthless !!

Did you live in Gulfport before or how did you come upon owning land there, if you don't mind me asking? I do not live to far from there.