As players in the variable stock market throughout the whole world try and work out which sector will be hit by the global financial slowdown, people are muttering that the markets in casino stocks will be sold short with the idea that people could positively re-buy the shares for a cheaper amount. So what is the best way to explain a short selling?

Short selling is a way of selling shares that are not yours and them buying them again for less money before they have to give the money for them. Making more money in turn. These schemes have tempted many controversial deals over the years and can cause rumours and counter rumours sometimes scaring investors.

The sad news is being aired with a common raft of casinos showing poor results and definitely not helping the sector or doing any good at the moment, people forget where the industry came from. Over the past few years it has been a non-stop amount of growth, like for instance the new areas springing up like Macau out of nowhere and it seems Vegas is no longer the power.

After a time of constant growth perhaps a period of consolidation could benefit the casino sector?

Stephen Gilbert & with his MH Investors Gaming company & 1 other have put forward a application to be joint owners of the Valley View Downs current building plan that was going to be cancelled. The $429 million casino plus awesome racetrack is still pushing forward regardless. Gilbert and his partners don’t want full control.

This opens up a clear route for Centaur Gaming own the whole venture even though the $1 billion funds came to light that secured Gilbert his companies is still an option.  The gambling commission have not withdrawn the pledge but there is little chance of them holding Gilbert to his word.

The economy has been blamed for the withdraw but i think why is he still providing funding?

The honest truth is that the risks giving finance and co-owning a casino and racetrack are too high, the money side is a big risk with the economy state. I will be interested to see if Gilbert still goes ahead.

New ideas and laws are to be set to sort out Britain’s hard hit bingo clubs due to all the many closures.

there will be a larger amount of £500 jackpot machines which last September was limited and now they expected to be relaxed through a embarrassing government change of policy.

The main people within in the bingo business say the laws would take 20 to 30 million away from there existing takings and its just not on.

Gerry Sutcliffe the MINISTER for Gambling (what a great job) will be releasing new laws to stop the massive number of bingo halls shut downs, because of all the bingo house expressing there concerns.

53 bingo halls have shut in the past 15 months, reducing the number of halls down to 550 in the united kingdom, not only is this hitting but the smoking ban and credit issues are crushing the industry.

Paul Talboys, from the Bingo Association, said: “we just hope the Government see sense in time for everybody to stay afloat?.”