Tag Archives: multimedia games
- PokerTek Inc. To be Acquired by Multimedia Games
May 1, 2014
PokerTek Inc. the manufacturer of electronic table games is set to be acquired by the gaming technology developer and distributor, Multimedia Games, subject to shareholder approval. PokerTek Inc. will soon be a subsidiary of the Texan outfit Multimedia Games after the Board of Directors unanimously approved their proposed takeover bid....
- Why Do We Still Have Slot Machines?
January 13, 2014
“The manufacturing industry is rapidly changing. The traditional model of selling boxes to operators is obsolete.” - Jim Murren, CEO, MGM Resorts International No matter how long you've worked in the gambling industry, or how many times you've walked into a casino, there are still occasions when the casino floor...
- Investing The Hard Way: The Surprising Best Performer in the Gambling Sector
May 6, 2013
If you had to guess the best-performing gambling stock of the last two years, you'd likely narrow it down by assuming the company had some sort of exposure to Macau, the world's largest gambling market and one that is still seeing impressive growth, particularly relative to more mature and stagnant...
- 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...
- Who Might Be The Next Acquisition Target?
February 11, 2013
Buy low, sell high. That's the simple way to success in investing. But it turns out that whether investing for the own accounts (through insider buying) or for the company itself (through share repurchases) corporate executives are hardly better than the rest of us at accurately gauging the market for...
- Investing The Hard Way: Third Quarter Review
October 1, 2012
That was a little better. After falling 12% in the second quarter, gambling stocks – as measured by the Market Vectors Gaming ETF (BJK) – rose about 6.7% in the third quarter, and are now up a tidy 10 percent year-to-date. Most of the gains came over the last two...
No, Las Vegas Sands is not buying Wynn Resorts
March 17, 2017