Why Do Casinos Lose Money?

Motley Fool Money

The Motley Fool

Business, Investing

4.4 • 3K Ratings

🗓️ 6 February 2023

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

If the house always wins, why are gambling companies having trouble turning a profit?

(0:21) Jason Moser discusses:
- Privately-owned restaurant companies Cava Group and Panera Brands mulling a return to the public markets
- How Panera has evolved since its last time as a public company
- A key metric he's watching when Chipotle reports earnings on Tuesday afternoon

(9:40) Ricky Mulvey and Matt Frankel discuss the struggles gambling businesses having making money and one business breaking the trend.

Stocks discussed: CMG, PDYPY, MGM, DKNG, CHDN

Host: Chris Hill
Guest: Jason Moser, Matt Frankel
Producer: Ricky Mulvey
Engineers: Rick Engdahl

Transcript

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0:00.0	If the house always wins, how come gambling businesses are having trouble making money?
0:10.4	Motley Fool Money starts now.
0:12.1	I'm Chris Hill joining me today, Motley Fool's Senior Analyst, Jason Moser.
0:18.9	Happy Monday.
0:19.9	Happy Monday indeed.
0:21.9	2022 was the weakest year for traditional IPOs since the.com bubble burst, but the IPO market
0:31.1	may finally be heating up again.
0:34.6	And it looks like restaurants are leading the way.
0:37.0	This morning, Kava Group, which is the parent company of the growing Mediterranean style
0:41.7	restaurant chain Kava, filed paperwork confidentially with the SEC to go public.
0:48.2	And the Wall Street Journal is reporting that Panera is working on a return to the public
0:53.6	markets.
0:54.6	So what is your reaction to either or both?
0:58.6	Well, I mean, I'm not terribly surprised, I guess.
1:03.2	You certainly see this happen from time to time, particularly if you see a business like
1:09.1	Panera, for example, acquired by JAB several years back, right?
1:14.6	And part of that.
1:16.9	I mean, Panera was a pretty good investment for a while, right?
1:19.2	And I think a lot of people did very well with it.
1:22.8	Ron Shake seemed to feel like living life as a publicly traded company was just far more
1:27.6	difficult than it really needed to be.
1:30.9	And I understand that, right?
	...

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