April is a bad month for casino stocks

May 1st, 2008
lasvegasstrip1.jpg

Related Articles

U.S. gambling enterprises traded on the stock market saw their value tumble 2.5% in April because of the slowdown in the American economy.

Eight out of 10 gambling stocks lost ground on the Applied Analysis Gaming Index, according to a Las Vegas Review-Journal story at majorwager.com:

The index reflects broad, negative sentiment for the short-term prospects of Las Vegas, where visitation, hotel room rates and the amount of money gamblers lose to casinos have declined in recent months. Brian Gordon, the Applied Analysis principal who compiles the index, said if Las Vegas doesn’t pull out of its slump, there could be more job cuts by casino companies.

“It is an unusual situation for them to deal with following several years of strong demand,” Gordon said. “Should conditions worsen, there is potential for that.”

Whole thing here.

Despite the bad news, Wynn Resorts Ltd. actually saw its stock price rise 7% to $106.10 in April, according to the article.


Article Credit: Dustin

mailer

Online Propping

Rakeback Deals

  • WPEX
  • Full Tilt
  • Walker
  • Cake
  • Carbon
  • Sun
  • Walker

Daily Poker Quiz

AA on safe board, no limit full ring - DailyHandQuiz

Game type: 25/50 Full Ring Cash, PokerStars
Your image: Active, possibly a little frustrated
Opponent's image: Very aggressive preflop
Your hand: Ad Ah

The setup: You've had an uneven session so far and it's been a bit since you won a hand. This hand there's a poster in the hijack preflop. The table folds to him and he checks. You raise $200. The button folds and the SB three bets to $825. The BB and hijack fold, and you flat.

You have a good amount of history with the raiser. He is a very active three bettor and seems to have your number in recent sessions. He is very aggressive against your preflop raises, especially if there's a squeeze opportunity. He's also a pretty steady continuation bettor.

You flop about as dry as can be:

jc 2h 6d

The SB leads for $985 into $1750. What's your play?


Vote and comment at DailyHandQuiz.com