lowtechie1

Casino Stocks Could Be a Long Term Jackpot

Don't hold your breath.....casinos did what banks did recently, all went up in market mania. Most major banks are statisically insolvent, and all the major casino owners on the Strip are saying recovery is a long way off. They also realize the world must recover first.......the USA won't lead in that recoevery and won't be the catalyst for growth.

Wynn Resorts Shows Surprising Strength in Offering

Agreed. And gaming is sinking like a brick, month after month. Pit bosses elude to drops of up to 50% from months prior at MGM properties. When the public gets a gander at the real numbers in the next immediate quarter, they will understand MGM and Harrahs/Caesars and Stations bankruptcies. Harrahs should have already filed. $23 billion in debt and mounting.......my gawd !! Station has already filed. And Dubai/Infinity is waiting to pounce on a larger percentage control on Project CityCenter (MGM) as they will come up with some cash soon, or at least immediately after MGM files. I suspect the filing to be early May 2009. Just a guess. I think Dubai has played MGM all along. They are sharpies, for sure. Despite their own woes back home, they should prevail. Kirk is toast. After the incredibly dumb move on Ford as it was sinking, secured by sinking MGM shares, he is toast.