SOURCE: Wall Street Equity Research
JOHANNESBURG, SOUTH AFRICA–(Marketwire – August 16, 2010) – www.wallstreetequityresearch.com brings investors market knowledge on the aspects moving the resorts & casinos stocks, and offers complete analytical research on companies like Boyd Gaming Corporation (
Gambling revenue is predictably down as the economic downturn dented disposable incomes for many. As the economy rebounds the question now becomes can the gaming sector recover after two consecutive down years. Many companies incurred large debts, especially those whose primary holdings lie on the Las Vegas strip. Gaming revenues were down 10.4% in 2009 and 9.7% in 2008. The Vegas-based companies may not overcome burdensome debt despite the slow return of gambling revenue. Boyd Gaming Corp. which reported its earnings in the first week of August saw profits drop on the back of feeble traffic across all its geographic locations. Overall revenue was down 6% to $578.4 million. Investors can register today at http://wallstreetequityresearch.com/August162010BoydGamingCorp.(BYD)160810.php to download the full report on Boyd Gaming Corp.
www.wallstreetequityresearch.com is a specialized website where investors can have specific access to complimentary reports on resorts & casinos industry; traders looking for analysis on Boyd Gaming Corp., Penn National Gaming Inc. and other players in the industry are welcomed to sign up for free at http://www.wallstreetequityresearch.com/.
Companies with numerous overseas holdings were able to withstand the debts incurred by their Vegas properties. Macau gambling revenues are up over 50% through the summer. Singapore could also bring big profits to some companies as well as considering that there are only two casinos currently operating there. Domestic expansion could also provide a boost. The construction of four new casinos in Ohio by Penn National Gaming was welcomed and approved by a majority of voters in the region as it means new jobs will be created. Investors can access free research on Penn National Gaming Inc. now by signing up at http://wallstreetequityresearch.com/August162010PennNationalGamingInc.(PENN)160810.php.
The gaming sector could be poised for major changes in the coming future. As some companies succumb to the Vegas downturn, acquisitions could be forthcoming. Those that endured the Vegas slump could be poised for greater gains as they are less concerned with debt management and more so with overseas and domestic expansion where there is decreased market competition. Visit us at http://www.wallstreetequityresearch.com/ to understand the catalysts and forces driving or affecting companies in the resorts & casinos industry.
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Edward D. Brooks