In gambling news today, we are reporting to our online gambling news readers that gambling stocks were indeed a good investment in January thus far. If you are an online gambling fan that enjoys a bit of investing in good stocks, you did well if you owned gambling stock. As it stands major gaming companies are doing well in the New Year.
Internationally speaking, expectations of profits (mostly in the Asian sector of Macau) it is being reported that not only are profits up, but stocks are following suit. Many of our online casino players have kept a watchful eye on the gaming industry as a whole in the past months. Even though the industry has been under fire, profits are there because players are there.
The stock prices of many large casino companies are even reaching record stock value levels for this month. In fact, Applied Analysis, a Vegas financial reporting company says that the average daily stock price of 6 casino companies along with 3 other gambling equipment providers have broken into the 500 point echelon for the first time during this New Year.
According to Applied Analysis’ report, the launch of quarterly earnings reports during the next month could very easily send some stock prices down if the current investors decide to cash in on this stock spike. This poses a very compelling situation for our online gambling stock investors as well. If you own shares in the gaming industry – what will you do? Cash in or stick it out? Land based gaming stock seems to remain strong.
In fact, shares in big time gaming companies such as Las Vegas Sands Corp., MGM Mirage and Boyd Gaming Corp. are all planned to release earnings for the 4th quarter of 2006 in the next month. Maybe investors will wait for that info before moving on with stock sales.
There are 2 gambling companies in US, Wynn Resorts Ltd. and Las Vegas Sands Corp., that spiked to over one hundred bucks a share this month. Wynn tock is doing very well indeed.
Now, across the Pacific we are seeing the tiny island gaming area of Macau pushing forward with massive earnings, making it the place to visit for an international gambling experience.
Such gaming companies as the ones in that area of the world are expected to profit because they have been able to generate gambling loyalty programs for players as well as attract a massive amount of gambling fans who just love the casinos there now that the areas casinos are running at full capacity.
Back in the US, gambling giants such as MGM Mirage, are looking to Asia for new casinos. In fact, currently MGM Mirage is constructing a massive one billion casino resort there in Macau. Stock in this gambling giant rose above sixty-six bucks a share as well.
Additionally, the standard daily stock prices of slot machine builders rose as well this month. Slots are the most popular and they are being developed in increasing forms. What’s more, these companies, such as slot makers, will see better increases as more slots are coming out this year than most any other. Our online gambling readers should think of all the slots the tons of casinos on Indian reservations have on order and they will realize stock will do well in the coming months.
Also, fierce competition in the gaming tools industry is more powerful than ever before it is reported by financial analysts. Investors are taking serious note of US manufacturers demand, including WMS Industries and Bally Technologies. Outside the US we see other providers such as Aristocrat Leisure and Konami Gaming doing very well too.
The products being made are loaded with extremely advanced technology calling for more and more demand from top notch casinos looking for the latest and greatest available. Slots popularity has definitely not waned in any way shape or form – so the need is their, the gambling fans are playing, and the stocks are performing extraordinarily well.
What will we see happen to the online gambling industry? It will remain an international demanded necessity and players will never stop playing online. It is fun and easy.