April 24th, 2010 at 6:01:40 PM
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I have a little bit of fun money left over from last couple of trips to Las Vegas, and thought that it would be fun to buy some shares in a publicly traded Las Vegas Casino/Corporation. While I will do my own homework, I wanted to get some feedback from the community as to which companies they would suggest that I should invest in and why.
The following is my criteria:
1. The money invested is "fun money" and has no real impact on my lifestyle. That being said, based on my personality I hate to lose a lot of money on high risk gambles.
2. I plan to hold this investment for about 5+ years.
3. This is to be a fun investment, and will become another excuse for me to take an additional trip to Las Vegas each year to make sure that "my" casino(s) is/are making money.
Any thoughts would be greatly appreciated.
The following is my criteria:
1. The money invested is "fun money" and has no real impact on my lifestyle. That being said, based on my personality I hate to lose a lot of money on high risk gambles.
2. I plan to hold this investment for about 5+ years.
3. This is to be a fun investment, and will become another excuse for me to take an additional trip to Las Vegas each year to make sure that "my" casino(s) is/are making money.
Any thoughts would be greatly appreciated.
April 24th, 2010 at 7:45:06 PM
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I think that Boyd gaming is a good long term investment. They have been in business since they bought their first casino in 1963. They own half of Borgata in Atlantic City and their Midwest properties seem to be holding steady. Their downtown properties are solid moneymakers.
The Echelon project on the strip is a high profile hulk, but it actually wasn't anywhere near the worst decision to be made by a casino company.
This analyst agrees with me.
The Echelon project on the strip is a high profile hulk, but it actually wasn't anywhere near the worst decision to be made by a casino company.
This analyst agrees with me.