Casino investment breathes again
As everybody knows the US government jumped in to the guarantee liquidity of the money situation in the US and the markets investors stacked back into investing in the blue chip casino options with hopes thinking the worst is finished and its time to turn the corner.
Your probably aware that the casino stocks have been down on their normal high levels over the past 12 months, there were some rises:- Pinnacle Entertainment Inc +12.1%, MGM Mirage +4.1% and Las Vegas Sands Corp +9.8%. There were lots of stocks which showed big rises because of commitments to expansion and companies who took big debts on are now struggling to finance it now. But now we see ‘oil’ back in the stock market things are on the up.
With this in mind there are signs that the government are trying to get people to revive the economy by getting shoppers back on the street. Its the answer to get people back into buying again and getting the economy back to normal, and the casinos filling there seats once again.
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