Daniel Kowkabany

Are Casino Stocks No Longer Recession-Proof?

All the gaming stocks are down now. If you're smart you will load up on them.Take LVS,MGM Mirage,Wynn. The founders all own more than 50% of their stock and they are Billionaires. Sheldon Adelson of LVS owns 70 to 90% of the company and he is the 3rd richest man in the country.
I have also invested in Kirkorian from the days when he built what is now Bally's and I have made money on each one of his ventures.
Steve Wynn has also been very profitable. I wish I had bought him when he first came out at 13.00 a share. And I might add he has paid a healthy dividend the last two years.
Boyd is another good one which is really down now. When the Echelon opens in the third quarter of 2010 I figure the stock to be around $100.00a share.
Yes Las Vegas is the Entertainment Capital of the World and will be for a long time to come