Gaming stocks,are they too risky ?

[gettocard]

Post your if’s and don’ts. Did well with LVS just for fun few years back but I would like to take it more seriously now.

[locutus49]

I'm in Alphria, the marijuana stock some have recommended. I am in many sectors, but never really looked at gaming stocks. Good luck.

[superdog]

Supposedly they are recession proof. But I’m staying away. Those make me nervous. Well, everything makes me nervous.

But I’m currently anti gaming stocks.

[gettocard]

Originally Posted by locutus49

I'm in Alphria, the marijuana stock some have recommended. I am in many sectors, but never really looked at gaming stocks. Good luck.

Did you get in Aphria just because they were recommended or you’ve had some background examination on the company ?

[Runnin' Rebel]

Wouldn't give it a 2nd thought.

In the U.S...
Caesars 17 billion in debt, filed BK now there're back on a spending spree again
MGM boarder line filed BK after that mess they created called City Center. One huge building is still unopened due to faulty construction.
Palms sold off
Fountain blue still a cement shell after 9 years
Stardust land owned by Boyd gaming has large pillars still sitting there after almost 10 years across from Encore

Downtown hotels sell and are bought for pennies on the dollar

It's not recession proof, it's the first thing that fails when the economy bottoms out. And the last to recover.

If I had a pistol to my head to pick 1 gaming stock, most likely Wynn

[gettocard]

Originally Posted by Runnin' Rebel

Wouldn't give it a 2nd thought.

In the U.S...
Caesars 17 billion in debt, filed BK now there're back on a spending spree again
MGM boarder line filed BK after that mess they created called City Center. One huge building is still unopened due to faulty construction.
Palms sold off
Fountain blue still a cement shell after 9 years
Stardust land owned by Boyd gaming has large pillars still sitting there after almost 10 years across from Encore

Downtown hotels sell and are bought for pennies on the dollar

It's not recession proof, it's the first thing that fails when the economy bottoms out. And the last to recover.

If I had a pistol to my head to pick 1 gaming stock, most likely Wynn

Thank you for chiming in but you need to review your informations :

MGM never filed for bankruptcy,they came as close as it gets but they’ve their @sses covered by Dubai. The faulty building has been tore down.
Palms has been acquire by Red Rock Resorts and they are massively overhauling the place.
Fontainebleau has just been purchased.
Stardust’s land is where Genting is building its massive Asian resort.
Downtown hotels have been complerely revamped and Derek Stevens is building a massive strip like resort.
I’m looking at Wynn myself but wonder if that may go higher that what is now.

Either way thank you for your flashback to 2009

[tbonesteak]

Originally Posted by Runnin' Rebel

It's not recession proof, it's the first thing that fails when the economy bottoms out. And the last to recover.

This

[Emptywrist]

Maybe short term

Sent from my ONEPLUS A3003 using Tapatalk

[Runnin' Rebel]

Originally Posted by gettocard

Thank you for chiming in but you need to review your informations :

MGM never filed for bankruptcy,they came as close as it gets but they’ve their @sses covered by Dubai. The faulty building has been tore down.
Palms has been acquire by Red Rock Resorts and they are massively overhauling the place.
Fontainebleau has just been purchased.
Stardust’s land is where Genting is building its massive Asian resort.
Downtown hotels have been complerely revamped and Derek Stevens is building a massive strip like resort.
I’m looking at Wynn myself but wonder if that may go higher that what is now.

Either way thank you for your flashback to 2009

Thank you
But I'm 100% correct on what I wrote.. let's look again

I never says MGM filed, I said they were boarder line in doing so, like you said. The building that you say was torn down was Harmon..Harmon, part of the CityCenter project, was partially erected, then in 2008, engineers found building defects which made the building dangerous and uninhabitable. 2015 behind 26 floors of a black curtain on the outside it was demolished from the top down.

Palms couldn't run a hotel/casino they were going Bk, Fertitta brothers
bought it from Maloof brothers due to mismanagement. Maybe if one of the brothers spent more time running his hotel then chasing skirts and doing drugs it would've been profitable.

Fountain blue was just bought after sitting for 10 years. Correct.

Boyd gaming ran out of money to rebuild the Stardust land. 9 years as a skeleton of cement

Best of luck to Stevens, I wouldn't do that downtown build

2009 will happen again and I won't have any gaming stocks. I never had them. But good luck with Wynn if you go at it. 2008/09 almost destroyed this town. But it's back stronger then ever.