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4 votes (16%)
21 votes (84%)

25 members have voted

DeMango
DeMango
Joined: Feb 2, 2010
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Thanks for this post from:
AxelWolf
April 3rd, 2020 at 10:42:31 PM permalink
Quote: Wizard

I've been buying casino stock through this, while the prices are cheap. A year from now this will seem like ancient history.

Any recommendations?
When a rock is thrown into a pack of dogs, the one that yells the loudest is the one who got hit.
DeMango
DeMango
Joined: Feb 2, 2010
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April 3rd, 2020 at 10:45:16 PM permalink
Quote: Keyser

Vegas had some crowds, but they're smaller and they're not gambling much.


Seems the conventions will carry the city, the shows, the food. But the fees and smoking got to go.
When a rock is thrown into a pack of dogs, the one that yells the loudest is the one who got hit.
FleaStiff
FleaStiff
Joined: Oct 19, 2009
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April 4th, 2020 at 1:48:46 AM permalink
Quote: DeMango

Seems the conventions will carry the city, the shows, the food. But the fees and smoking got to go.

Originally Weekends carried the city. Then the privately built exhibition center carried Tuesdays and Wednesdays.

For a long time Vegas competed with Gambling Everywhere and became a town of hip, trendy gourmands and showgoers who merely "dabbled" in gambling.

Post-Corona gambling will boom nationwide, but Vegas will merely return to a stately grandeur. The top tier casinos will rebound but the middle tier will focus on clubs and shows, there will be shakeout in Locals Gambling and only the standouts will share in a boom.
ChumpChange
ChumpChange
Joined: Jun 15, 2018
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April 4th, 2020 at 2:12:42 AM permalink
5 shoppers per 1000 square feet at WalMart, with more than half the store blocked off so they can't sell non-essential goods.
#CoronavirusTariff
What's that about the value of retail space? It's gonna sink lower than oil soon.
LVJackal
LVJackal
Joined: Jun 1, 2010
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April 4th, 2020 at 2:13:09 AM permalink
Quote: SOOPOO

I believe the new post coronavirus 'normal' will hurt the casinos specifically. The general overall unsanitary nature will be magnified. I think business will be down maybe 5-10% as a result of the public's changed attitudes.

I am guessing the cruise industry will be affected far more. Maybe down 15-20% going forward.

Airlines down a few percent.

Foreign travel down a few percent.

Travel to New York City? Down 10%?



I am not sure where I fall on this. The younger crowd will come through relatively unscathed albeit without much bankroll. The only remotely similar event to fall back on historically would be Spanish Flu which was followed by the roaring (19)20s and then the Great Depression.

Our memories are short, and this year will be a once in 100 year event- from which we will have learned a lot and adapted. Making the next pandemic supposedly much easier to handle. I'm optimistically siding with once there is a treatment and vaccine people will feel much safer and desperate for human contact and entertainment.

Of course, I am wrong many times every day (just ask my wife) so who knows.
FleaStiff
FleaStiff
Joined: Oct 19, 2009
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April 4th, 2020 at 5:49:17 AM permalink
Quote: SOOPOO

I believe the new post coronavirus 'normal' will hurt the casinos specifically. The general overall unsanitary nature will be magnified. I think business will be down maybe 5-10% as a result of the public's changed attitudes.

I think some of the sanitary measures will remain. The buffets will reopen without "food ambassadors", but with cough barriers and distributed seating galore. Hand sanitizer stations will remain prominent but un-policed.

Many small towns in America had health Officers during the Spanish Flu who seized businesses and enforced quarantines and otherwise effected a major change our American way of life. The towns returned to normal.
SOOPOO
SOOPOO
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April 4th, 2020 at 6:16:55 AM permalink
Quote: Wizard

I've been buying casino stock through this, while the prices are cheap. A year from now this will seem like ancient history.


Time for a bet? I'll bet that March 2021 business down at least 5% from March 2019? In Las Vegas. I think someone, probably Paco, always posts monthly gambling revenue?
Hullabaloo
Hullabaloo
Joined: Nov 30, 2014
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April 4th, 2020 at 7:00:26 AM permalink
Quote: Wizard

I've been buying casino stock through this, while the prices are cheap. A year from now this will seem like ancient history.



I wonder if it might make sense to watch the insider trades on these. I looked at a few, (WYNN, MGM, BYD, LVS), and at this point the only recent activity seems to be buys. That's a pretty good indication that they are confident about the future. But who knows what might happen over time.
AZDuffman
AZDuffman
Joined: Nov 2, 2009
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April 4th, 2020 at 9:03:33 AM permalink
Quote: Wizard

I've been buying casino stock through this, while the prices are cheap. A year from now this will seem like ancient history.



I agree but would say do not buy what was in trouble before as it will be after. IMHO locals casinos will be back to normal much faster as Strip properties need to wait for people to want to travel, which will take longer. People are for sure burning vacation days to make it thru this. Even if we assume a May 1 opening 2020 is done for the Strip. Maybe NYE is normal.

The weak will have issues.
All animals are equal, but some are more equal than others
AZDuffman
AZDuffman
Joined: Nov 2, 2009
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April 4th, 2020 at 9:07:08 AM permalink
Quote: SOOPOO

Time for a bet? I'll bet that March 2021 business down at least 5% from March 2019? In Las Vegas. I think someone, probably Paco, always posts monthly gambling revenue?



I'll take $50 on that if it is an open offer.
All animals are equal, but some are more equal than others

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