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Publicly Traded Casino Stocks

Discussion in 'Casino Industry & Development' started by mmmatthew85, Feb 28, 2015.

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  1. mmmatthew85

    mmmatthew85 Tourist

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    Does anyone own shares in any of the casinos? I've been following WYNN and LVS but currently do not own any shares. Just wondering what your thoughts are on these (or other) publicly traded stocks.
     
  2. DaiLun

    DaiLun R.C., L.C., and A.A.N.G.

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    I had both Wynn and LVS. Wynn pays a very good dividend. LVS was OK. I sold both of them to buy a car.
     
    New Orleans 7* retreat. Food, food, and more food . . . .
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  3. nyexpress

    nyexpress Tourist

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    I own BYD....Boyd Casinos They own MSS ORLEANS GOLD COAST ETC. It"s at a High now if you can get it at $9 it usually goes to $13-$14 I buy a couple hundred shares and enjoy watching it.
     
  4. DReynolds86

    DReynolds86 Come On, You Blues!

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    Gonna have to look into that.
     
  5. Krh2o

    Krh2o MIA

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    I have a decent stake in LVS. I sold some last year, but still have a good chunk. It currently pays a 4.6% dividend. The company shows good earnings. The issues with Maccau have brought the price down, but it pays a good dividend and I think it has some upside.
     
  6. PayTriple

    PayTriple The Cucumber King

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    Especially if they get a piece of the Japanese market.
     
  7. Tellafriend

    Tellafriend High-Roller

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    Unlikely now that it didn't pass this year and won't be ready for their Olympics. Even were that to pass, I'd be in mpel. About to open in a couple other Asian countries which should take care of current maccau problems.
     
  8. Iamrice

    Iamrice High-Roller

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    I have a little chunk of Wynn and LVS in a mutual fund. That's about as close as I want to be to owning direct casino stock.
     
  9. Chuck2009x

    Chuck2009x VIP Whale

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    They're volatile; you have to trade them, not hold them forever.

    I was on vacation in Vegas a couple of summers ago and bought some WYNN at around $97 and CZR at $9.

    WYNN dipped a few bucks and then did well, sold it at $170 (it went to ~$240)
    CZR dropped to ~$5 but then started talking about REIT and popped, sold it at $17 (it went to $25).

    WYNN and LVS trade about the same and they're heavily influenced by whatever is going on in Macau, which right now is not good.
    MGM is more Vegas-dependent.

    WYNN and LVS have the better potential for big gains, but you have to wait for them to get slaughtered on a bad quarter. Like the quarter before I bought, WYNN got crushed for missing its EPS estimate and in the conference call Steve said it was because their baccarat hold was only 18% instead of the customary ~25%. You would think investors would pay attention to that stat, and recognize what it meant, but they didn't.

    MGM, similar, try to get it when it's being unfairly punished.

    CZR I'd just stay away from.

    There's also MPEL which I'm not that familiar with, but its chart looks like MGM's.

    There's also an ETF, symbol BJK, that owns all of the majors, but has almost no volume, which makes it a little more risky on any given day.
     
  10. chitownjohn

    chitownjohn High-Roller

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    I've owned LVS and WYNN, but currently only hold WYNN. I'm not a sophisticated investor by any means, I follow the Peter Lynch model which is know what you own.

    One thing I don't understand is the difference in market cap valuation between WYNN (14B) and LVS (45B). Both have similar holdings in Vegas and Macau - why is the LVS valuation 3x the WYNN valuation?
     
  11. Chuck2009x

    Chuck2009x VIP Whale

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    LVS has more properties and 3x the revenue of WYNN

    WYNN has 2 buildings in Macau and 2 in Vegas.
    LVS has 5 in Macau, 1 in Singapore, 2 in Vegas (plus the expo center) and 1 in PA.
     
  12. chitownjohn

    chitownjohn High-Roller

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    Thanks for the explanation, I didn't realize that LVS expanded to 5 properties in Macau.
     
  13. wanker751

    wanker751 Dutch Rudder Enthusiast

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    I had MPEL for a while. IT did well from 08-13 when I had it, but I have not followed it that much. I had BYD for same period of time, hoping the Echelon project would open...

    Wish I bought into Sands when it was way low.

    Also bought some shares of RICK, cause the idea of owning a strip club stock was fun!
     
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  14. powersof10

    powersof10 Tourist

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    Figure I should be making a little money off myself from all the money I lose in the casino! Any thoughts on gaming equipment stocks like IGT or BYI?
     
  15. Bo333

    Bo333 VIP Whale

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    As day traders we do pretty well playing with those, but I'd never want to own them for more than a few days.
     
  16. Beacon

    Beacon Tourist

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    I jumped on the LVS IPO back in the day. One of my first real 'wins' in the market. Sold it for about 2.5x return. Hard to believe that was 10+ years ago. Time flies...
     
  17. Naturaleight

    Naturaleight High-Roller

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    They are not that volatile. It depends on the company. Yes CZR (CET) stock was a roller coaster last year because of bankruptcy, and getting debt wiped out. I owned and was trading that stock. But for the most part the stable companies (Wynn, Sands, Penn etc..) are solid investments. I bought MGM at $12 back in 2012, and it has remained stagnant for around the entire 2013; not much has happened, but I only see MGM going up since they own the entire strip, have billions in real estate, and were awarded that casino in Massachusetts that is set to open soon.
     
  18. ngrund

    ngrund Low-Roller

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    I own GPIC (they make most of the major brands of chips, cards, and tables) and another of my holdings is GCA (cash machines and cash management services for the casino)
     
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