The Supreme Court paves the way for legalized sports betting across the United States, spreading an air of optimism not only for the gaming and casino stocks but also for specialized gambling-technology providers and racetrack operators. That said, a few gaming stocks worth buying are Las Vegas Sands Corp. (LVS - Free Report), Penn National Gaming, Inc. (PENN - Free Report) and Melco Resorts & Entertainment Limited (MLCO - Free Report). Each of these stocks flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. Casino operators, sports data services and technology companies servicing the gaming industry are in the best position to outperform the broader market with the move toward legalized gambling.
4 Gaming Stocks For Second Half Of 2018
But there is a hidden detrimental flaw when it comes to this belief and trading. Trading in a methodical and systematic way is important in any odds-based scenario. Especially in light of the recent court decision, a strong geographic footprint where there is less competition is going to be especially valuable. It's easy to become a Seeking Alpha contributor and earn money for your best investment ideas. After the deal, Penn National will operate a combined 41 properties and will be the largest regional gaming company in the United States. Whether we ultimately offer sports betting in specific states will depend on the rules and tax rates set forth by each state. The Bottom Line Gambling tendencies run far deeper than most people initially perceive and well beyond the standard definitions.
Are you investing or gambling?
Gambling is defined as staking something on a contingency. However, when trading is considered, gambling takes on a much more complex dynamic than the definition presents.
In this article, we will look at the hidden ways in which gambling creeps into trading practices, as well as the stimulus that may drive an individual to trade and possibly gamble in the first place. It is quite likely that anyone who believes they don't have gambling tendencies will not happily admit to having them if it turns out they are in fact acting on gambling impulses.
Yet discovering the underlying motives behind our actions can help us change the way we make decisions in the future. Before delving into gambling tendencies when actually trading, one tendency is apparent in many people before trading even takes place. This same motivator continues to impact traders as they gain experience and become regular market participants.
Some people may not even have an interest in trading or investing in the financial markets , but social pressure induces them to trade or invest anyway. This is especially common when large numbers of people are talking about investing in the markets often during the final phase of a bull market. People feel pressured to conform with their social circle. Making some trades to appease social forces is not gambling in and of itself if people actually know what they are doing.
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Also, I was hiding in the I am a sexy and sweet kitty invite you to visit. All this and much more you39;ll be able to find me.
Looking ahead to the second half of , gaming companies are poised to make a sharp move to the upside. The recent Supreme Court decision legalizing sports gambling should be a strong catalyst for short-term growth. PENN are best positioned for short-term appreciation.
Seeking Alpha is proud to welcome Fieldston Financial as a new contributor. It's easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Industry experts seem to agree. Bank of America Merrill Lynch analyst Shaun Kelly sent a note to clients earlier this week explaining that "[w]e expect operator margins to be low but see upside for all of regional gaming, while gaming tech could be a key beneficiary. MGM offers gaming, hotel, convention, dining, entertainment, retail, and other resort amenities across 14 resorts in the United States.
Lingering impact from the deadly shooting at the Mandalay Bay and a cancelled heavyweight championship fight contributed to the weak performance. Although there is some concern about the amount of debt MGM is carrying, MGM had not offered a divided for several years until reinstating in , which is a sign of confidence in their financial position.
It is also encouraging that MGM increased its annual dividend by 9 percent and agreed to repurchase 10 million shares in the first quarter, remaining on track for its larger buyback plan.
MGM is also the unintentional beneficiary of the management turmoil at competitor Wynn Resorts which should be helpful in the near-term. Caesars Entertainment owns and operates 47 casinos across 13 states. Caesars emerged from bankruptcy in with a stronger balance sheet and looks to be undervalued relative to its peers.
Listen to the latest "Cover City" podcast hosted by EricSports. Massachusetts state senator Eileen Donoghue D- First Middlesex District proposed a bill last week looking to permanently legalize daily fantasy sports DFS in the state. Of interest here , the bill SD would create a committee to study, regulate and examine taxation of legal sports betting in Massachusetts. The Massachusetts legislature is currently in session, although it does not appear that Senator Donoghue has yet submitted SD to the joint committee on Economic Development and Emerging Technologies.
There is not yet a scheduled hearings yet on the DFS component of the bill or on sports betting. If the high court strikes PASPA the game would indeed change, numerous northeastern states, including Massachusetts neighbors Rhode Island , Connecticut and New York , are looking to implement sports betting in there borders, some with greater speed than others. In those states at least for the time being it appears the licenses would go to the existing land-based casinos, with any online sports betting component flowing through those establishments.
In this very early stage in Massachusetts they appear to be considering online sports betting off the bat, perhaps in part because DraftKings is headquartered there and just went on a hiring spree.
That committee would be formed based on appointments by various state officials. They shall submit recommendations for legislation with the clerks of the senate and the house of representatives not later calendar days following the decision by the United States Supreme Court. If this measure gets approved according to the existing dates, Massachusetts could have a regulatory framework in place by the end of — in time for Super Bowl LIII.
Another thing I have always imagined is that computer systems have become an item that each household must have for many reasons. They supply you with convenient ways in which to organize homes, pay bills, go shopping, study, focus on music and in some cases watch tv programs.