Gambling Stocks Still Look Like Good Bet

22.11.2006, Lesen Sie hier den Bericht über «Gambling Stocks Still Look Like Good Bet»

You've gotta know when to hold 'em. Investors recently doubled down on gambling stocks despite a yearlong winning streak, wagering that expansion will spur growth and bettors will keep spending even as the economy softens. The Dow Jones U.S. Gambling Index has surged more than 35 percent since the start of the year, easily outpacing the broader market as represented by the Standard & Poor's 500 index, which has added about 12 percent.

The gambling index, comprising 67 stocks weighted primarily toward large hotel-casino operators such as Harrah's Entertainment and MGM Mirage, has generally tracked sentiment about the overall economy. After rising through April, the index gave back most of the gain amid worries consumers would be cash-strapped as oil prices climbed steadily ahead of the summer months.

"Those concerns didn't come to fruition," said Robert LaFleur, a gaming, lodging and leisure industry analyst with Susquehanna Financial Group. "Expectations were that higher gas prices and a softening housing market would pressure the industry, but visitation has remained strong." Part of the reason is that casino performance does not necessarily track consumer spending, despite investor reaction.

"The Las Vegas strip market is driven more by overall economic growth," said Morningstar equities analyst Sumit Desai. "The stocks are more cyclical than the underlying business," he said. Lesen Sie weiter.... www.forbes.com

Über Glücksspiele Las Vegas - Gambling in Las Vegas:

Las Vegas liegt im Westen der USA im Bundesstaat Nevada und ist das Glücksspiel-Paradies von Amerika.

Las Vegas hat rund 100 Spielcasinos. Im Bundesstaat Nevada sind sogar über 300 Spielcasinos registriert. Die grössten Casinos sind das Bellagio, Caesars Palace, Venetian / Palazzo, Wynn / Encore, MGM Grand, Mandalay Bay.

Weitere bekannte Casinos sind das Mirage, frühere Heimat von Siegfried und Roy, das Luxor in Form einer Pyramide oder das Casino Rio All-Suite Hotel and Casino, in welchem jährlich die Pokerweltmeisterschaft (World Series of Poker WSOP) durchgeführt wird.

Die bekanntesten zwei Strassen sind der Las Vegas Boulevard, welcher auch als Las Vegas Strip bezeichnet wird. Daneben ist die Fremont Street eine gut besuchte Casino-Meile, wo beispielsweise das legendäre Casino Binion's (vormals Binion's Horseshoe) seine Spiele anbietet.

Las Vegas erstreckt sich über eine Fläche von 340 km2 und hat rund 650'000 Einwohner.

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