Gaming Stocks

On 4/17/20 CNBC had a segment on buying casino stocks AND when and how the casinos will open. Analyst suggested first the smallest casinos will open.  Then Station. Penn, and Boyd ( bigger locals) and last Strip casinos. When they open social distancing rules wll be followed. Your past history will determine if you get in. Because space limited the miniums at bj table expected to be $25 to $50. They will want only higher end gamblers. Because many machines will need to be shut down only high denominations will be in service.

 

Remember it is is one persons invision based on what???? So much for the idea that the casinos will do anything to get us back.

My predictions exactly.  Hope we are both wrong.

Fast:  I am trying to envision this, how is any card game possible. Once touched the cards become a liability.  Have they developed a card machine which will detox the cards after each deal. I just don't know? Poker chips, Dice?  We may be moving towards Automatic Shufflers permanently.

 

Edited on Apr 19, 2020 7:03am

Rocky don't think she expalined how it would be done. Said that limited seating means limited profits. No nickel  vp. No low rollers. Look at "Vegas News" 4/18/2020.

 

Final point was if you are going to invest in casino stocks you are investing in hope.


Originally posted by: Rocky Kollmeyer

Fast:  I am trying to envision this, how is any card game possible. Once touched the cards become a liability.  Have they developed a card machine which will detox the cards after each deal. I just don't know? Poker chips, Dice?  We may be moving towards Automatic Shufflers permanently.

 


My 2 cents (worth less now).   "Surfaces" are said to be possible vectors of the coronavirus (like any virus or bacteria or other organism).   A card is coughed on, how long does a microbe "live" on it?  And is it actually lethal to a human?   Blow on (or kiss!) those dice.  Yikes!  

 

We've seen articles about how long the virus survives on surfaces such as countertops, metals, clothing, etc.   Those statistics have to be viewed in terms of how the data was gathered.  Did they somehow transfer viral material onto the countertop, then swipe it and test it every few minutes/hours/days?   More importantly. exactly WHAT was measured?  Those tests can pick up degraded portions of microbes which may be dead enough to not be lethal to humans, but still reported in the news as 'alive' at however many minutes or hours.   

Imagine how many cards (and chips and dice--especially dice!!!) have been the recipient of respiratory droplets through the years--common cold, flu, pneumonia.  We know that flu starts shedding a day or two before symptoms.

 

How many times have we returned home from a Vegas vacation and come down sick almost on the way home in the car?  We think we probably picked it up on the plane, though we never know for sure.  

 

So, this is no help at all in answering your question.  Life--it's a crapshoot any way you look at it.  

CW life is now Vegas. Everyone is losing money, it's acceptable drink at all hours, and no one has any idea what day it is.

 

Everyone keep your physical distance and hopefully we shall see each other sooner than later.

The new Normal is going to change Vegas forever! I don't know for sure how this is all going to work out?  I feel for the workers in the Casinos and Las Vegas Advisors employees. We can always reminisce about the good ole days.  Hurry up with that Vaccine and testing kits! I miss the old Vegas.

China had SARS a few years ago which was worse than the stuff we have now.    Eventually casinos got back to the the "regular" normal - which is to say no social distancing, no lysol hand lotion, and no Halloween masks.    We will eventually get to that too.    Maybe not in July.

 

As for $25/$50 table minimums.   I highly doubt it..   "Being profitable" is not going to be the goal of casinos when they first open.    Losing as little money as possible while fighting for market share of customers will be the goal.    Especially in Vegas.     Maybe they  lose money on a $5 table with only 3 players - but they dont lose customers.   The latter is more important for the long game.    

SARS killed 800 people worldwide and spread to over 8,000 cases worldwide before it was contained in 2003.  Covid-19 is extremely deadly compared to that Virus. Ignoring the Science may not be wise.

 

 "China had SARS a few years ago which was worse than the stuff we have now." -- Once again PJ has posted an untrue statement.

Edited on Apr 20, 2020 11:44pm
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