User 236619

Casino Stocks Scream Value Play

This just shows what garbage anecdotal assessments can be. If the author had taken the trouble to check the actual numbers he'd find a completely different story. According to the Nevada Department of Employment June Employment report: "Disappointing gaming numbers are also adding to the State’s troubles ... Gross gaming win fell by 15.7 percent in May, the largest monthly year-over-year drop in
over 10 years. Total win fell below $1 billion for the first time in 11 months. All major markets saw declines except Carson Valley. South Lake Tahoe’s win was off by over 24 percent, followed by Clark County at -16.4 percent and Washoe County at -8.8 percent." Casinos have been laying off people at the height of the summer season. A truly Bull sh*t story. But please, do throw your money away on these stocks.