CG: Is It Time to Bet on Casino Stocks?

Industry Focus

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4.6 • 854 Ratings

🗓️ 15 January 2019

⏱️ 68 minutes

🔗️ Recording | iTunes | RSS

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Summary

Casinos have attracted activist attention in recent weeks, with Carl Icahn and others taking stakes in major US operators. Motley Fool analysts Asit Sharma and Nick Sciple discuss the latest trends in the casino industry, from sports betting to Las Vegas and Macau, and how they might be affected by expected legislative action. Make sure to listen to the end to hear our picks for the NFL games this weekend!

Editor's note: In the podcast episode and accompanying transcript above, our podcast team should have clarified that Caesars Entertainment's CEO Mark Frissora has agreed to remain in his position through the end of April 2019 while the company completes a search for his successor. The agreement can be extended for one month at the company's option.

Stocks Mentioned:CZR, MGM, LVS, WYNN, PDPYPY, TSG, SGMS, SJMHF, GXYEF, MLCO

Stories Mentioned:

Find Asit on Twitter @asitmap to check out his write-up on Caesar's Failed Sale-Leaseback Accounting

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Transcript

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0:00.0	Thanks to LinkedIn for supporting industry focus.
0:02.4	Find the right people for your business this year at LinkedIn.com slash fool
0:06.6	and get $50 off your first job post.
0:09.0	That's LinkedIn.com.
0:10.0	Full.
0:11.0	Terms and conditions apply.
0:13.0	Welcome to Industry Focus, the podcast that dives in a different sector of the stock market every day.
0:19.0	Today is Tuesday, January 15th and we're talking about Concedo and gambling.
0:22.0	I'm your host Nick Saipo and today I'm joined by
0:24.0	Motley Fool senior contributor Osset Sharma via Skype. How you doing Osset.
0:28.0	How are you doing?
0:30.0	I'm doing well, Osset. You know, we're talking about casinos today.
0:33.4	So off the bat, I just want to ask you, you gamble it all?
0:35.8	What's kind of your favorite game?
0:37.0	You do any that sort of thing?
0:39.5	So when I was a younger guy, I used to gamble a little bit with my friends playing cards.
0:45.8	I've never been much of a gambler, but I do want to put in that I'm fascinated by gambling its relationship to markets. I think I talked
0:55.3	one time on the show about Victor Nederhoffer who's this fantastic speculator
1:00.4	who's made and lost many fortunes, but he's got an interest in race courses
1:06.0	and professional games betting on them and how that relates to speculation in the market.
1:11.3	So I've got a sort of an academic interest I'm so bad at gambling that's the problem
1:16.1	I probably lose too much whenever I do try my hand out it how about you Nick
	...

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