Tag Archives: MTR Gaming
- Is The US Gambling Market Saturated?
October 11, 2013
Is the US land-based gambling market now saturated? At first, it seems like a stupid question. According to the American Gaming Association (AGA) 2013 State of the States report, only 23 states – less than half – have legalized commercial gaming. Potentially lucrative markets such as Texas, Florida, and New...
- Investing The Hard Way: US Regionals Still Defying Gravity
August 26, 2013
I've made some pretty good calls in my time as a columnist for this site, but there is one group of casino stocks I've consistently gotten wrong: US regional operators. Over a year ago, I recommended selling the entire sector; earlier this year, I argued there was no reason to...
- Investing The Hard Way: First Quarter Review
April 1, 2013
The first quarter of 2013 ended on a record-setting note, as the S&P 500 closed on Friday at an all-time high of 1569, finally returning to levels seen before the 2008-09 financial crisis. For gambling stocks, the quarter wasn't quite record-setting – growth in last year's first quarter was far...
- Investing The Hard Way: Where US Regionals Stand Now
March 25, 2013
In my tenure here at CalvinAyre.com, I've been rather bearish on the stocks of operators of regional casinos here in the U.S. I've recommended pairs trades where investors buy Macau operators and sell US ones. I advised selling short the entire US regional sector, and later called Isle of Capri (ISLE)...
- MTR Gaming Group makes its way to the Russell 3000 Index
July 6, 2012
MTR Gaming Group, Inc, a hospitality and gaming company that owns and operates, through subsidiaries, horse racing tracks and racinos in West Virginia, Pennsylvania, and Ohio, recently announced its addition to the Russell 3000 Index, a global asset manager that offers actively managed, multi-asset portfolios and services that include advice,...
- Investing the Hard Way: Second Quarter Review
July 2, 2012
It was all looking so good in the gambling sector. At the end of a booming first quarter, the Market Vectors Gaming ETF (BJK), comprising 52 gambling-related stocks across the globe, was up 16%, benefitting from strength in Macau and worldwide economic optimism. Despite weakness in the broader market, casino...
Zynga buy four Harpan Solitaire games for $42.5m
March 17, 2017
Parisian Macao battling Legionnaires’ Disease outbreak
April 25, 2017
Melco Crown preps rebirth as Melco Resorts & Entertainment
March 17, 2017