Go Gamble Online - Casinos Online

Totally sic nose bleed hand :

• Game: $200/$400 - Omaha
• Table: Oboe (heads up)
• Players: Ziigmund, MR B 2 U SON
• Date: Nov 24,2008 5:38:28 ET

http://www.pokerlistings.com/hand-replayer_h9140871814_c1901

The future of gambling stock prices takes a blow with a move which is not surpising but something of a wake up call to investors it has revealed that US stock broking outfit Goldman Sachs has substantially reduced its target price on a number leading and second line casino groups.

While Goldman’s seems to appreciate that the footfall to many US based casino groups may not be largely affected by the downturn, there has been a drop in the amount of money spent by each visitor. It is this rather than any footfall change which has alerted analysts to the fact they need to revise their thoughts and their figures.

However when you see the target price for the likes of Las Vegas Sands reduced from $60 to $25 and MGM Mirage form $32 to $17 you can get a sense of the changes going on in the sector. There have also been substantial changes in the price target of groups such as Wynn resorts, Ameristar Casinos, Boyd Gaming and a number of other casinos outfits.

If I was a heavy investor I would hold on to all my gambling related stocks for the long-term because the pay-off will come.  I also like companies that are diversified into online poker, online caisno, bingo online and more.

As the US government stepped in to affectively guarantee liquidity in the money markets investors piled back into the blue chip casino companies on hopes that the worst is now over. But is this the turning point?

While the main blue chip casino stocks are well down on their levels over the last twelve months, we saw a number of rises such as Pinnacle Entertainment Inc +12.1%, MGM Mirage +4.1% and Las Vegas Sands Corp +9.8%. Many of the stocks which have risen are those which have either committed themselves to expansion in the future and were struggling or companies which recently took on substantial debt and were struggling to finance it. Now that the ‘oil’ is back in the money markets things should start to improve.

There are also hopes that the economy may well start to show signs of life again as the authorities attempt to bring the consumer out of their shells and back onto the high street. The only real long term fix is to reduce the risks of consumers being drowned by debt and losing their homes, and encourage them to get out and spend again. Expectations are high for return on casino industy investment over the next decade.

The news is in on the winnings and Nevada casinos won just under $1 billion from gamblers in July, a 13 percent decrease from the same month a year earlier, Nevada’s Gaming Control Board said on Wednesday.

The take for casinos along the Las Vegas Strip — the heart of Nevada’s casino industry — fell 14.7 percent to $519.2 million for the month.

I like to gamble, for entertainment and for the chance to make a big win.  So far the most I have ever won was a jackpot on the .25 slots in Vegas, $1900!!!  I  hope to one day hit the big one on the $10 slots or in a poker tourney.