How to Buy Casino Stocks

Talk about a strange career path: Alan Mendelson won an Emmy for consumer news reporting and helped found the Economics News Broadcasters Association before reinventing himself as an Internet and infomercial spokesperson known as “the money man.” But these days, he focuses on a single investment niche: Las Vegas casino stocks and performance. His fascination with gaming investments isn’t unique. These are the times of the situs casino online terbaik that are a swift changeover from the earlier times. If you like risks, follow tips from savvy casino stock analysts and get in on the action. 

  1. Know the market. Research casino chains in gambling Meccas like Las Vegas, Atlantic City and the Gulf Coast plus casinos built in states seeking tax revenue boosts. Include Native American reservation gambling sites in your search and casino properties in International markets. Become familiar with high-profile conglomerates — like Caesars Entertainment, MGM Resorts and Wynn (called the gold standard of casinos by the website Investor Place) and lesser-known corporate names like Boyd Gaming, Melco Crown Entertainment and Empire Resorts.
  1. Find a stockbroker familiar with trading casino stocks to optimize your chances of picking good stocks based on her experience and understanding of the gaming industry. A savvy broker isn’t just cognizant of stock prices associated with casinos; she should also be well-versed on the subject of pending and new federal and state gaming laws and regulations in what Casino Gaming Stock analysts call “The Most Volatile Industry” on trading floors.
  1. Discover online websites that can help educate you about the state of casino stocks so names, performance and history become as familiar to you as the acronyms streaming across market tickers. Bookmark websites like for a continual stream of trading prices and financial news originating with publicly traded gaming companies. Keep tabs on the opening of new casinos around the globe, as expansion can be a good indicator of the health of a chain that is ultimately reflected in its stock performance.

  1. Expand your horizons beyond casino stocks. For example, in addition to casinos, Empire Resorts launched a harness racing empire in 1958 that brings gamblers to Monticello, New York for more than the slots, says Casino Gaming Stock. SHFL Entertainment makes card-shuffling devices, and a new prototype offering faster card shuffling could trigger a hike in their stock. High-speed rail stocks representing new transport to gambling Meccas – like the Las Vegas Railway Express expected to launch service in 2014 – can help diversify a portfolio, too.
  1. Focus on the big picture. According to Seeking Alpha, casinos often reflect the state of macroeconomic slowdowns and consumer bouts of fiscal conservatism, but as recovery takes place, casinos re-appear on vacation destination lists, triggering anup tickin the stock prices of casinos. Seeking Alpha analysts are particularly bullish about Bellagio, MGM Grand, MGM Macau and the Las Vegas Sands, all international players. 
  1. Respect Mother Nature. Take into consideration Investor Place’s cautionary recommendation: Keep an eye on more than the economy when you think about jumping into casino stocks. Huge casinos in which you may want to buy stock are usually located in climates conducive to year-round vacationing. Weather, stresses Investor Place analysts, can control gaming revenues and losses and become a factor in casino profits, because they are ” hotels first and foremost.” That’s why factoring in hotel room pricing volatility into your equation, in addition to weather, makes perfect sense when you mull buying casino stocks.