Have you invested in Online Casino`s?

A number of casino`s and other casino companies are listed on the LSE and on AIM.

Do many members here hold shares in them?

I currently have quite a few 32Red shares, I believe them to be the best online casino out there.

I also hold Neteller and Firepay shares.

Casino/gambling companies are cash generative and should provide good financial returns in the future.

Plus, you dont mind losing so much if it is to a casino that you own part of!!

 

I havnt invested in gaming stocks so far but if I did 32Red would be the first stock I would consider. THey really are in a different league to most casinos/pokerrooms.

 

There are not a great number of options for US investors, but I do have some CRYP stock, which I am in the red with currently. Also some shares of a poker operator (a penny stock).

 

Online Casino Stock

I was looking at sharebuilder.com one day for online casino stock, I did not find any, but I did find one casino stock that was fairly inexpensive.
It was stock in one of the Lake charles LA riverboats and some casinos in Colorado.

You guys should check out this sharebuilder.com, it's rather neat as you can buy partial stocks and no minimum to start your account. I figure if i got $100 to put into a casino maybe I should throw $100 into the stock market. It's all gambling right lol

mattysgirl

 

Investing

I believe the biggest threat to online casinos is the current bill going through the US Senate. Underplaying this issue caused problems last year with Poker shares, and the stock of any casino with a large US player base will be very high risk for the time being. If the bill passes, the shares could plunge, if the bill fails, they should hold steady or rise (the bill is widely expected to fail to have a serious impact on the current player base in the US).
If the US decides to regulate rather than ban online casinos, the shares will become a good investment provided only reputable casinos' shares are bought.
There might be some upside in 2007 with the full implementation of the UK Remote Gaming framework.
32Red seems a good choice for the above poster, however there seem to be some issues with it's poker partner.
Shares in a good poker operation should complement shares in a good casino. It might be worth looking at companies launching online skill based gaming, where players play casino type games, but against other players in competition for a prize pot rather than against the house. Such online sites already exist. I have heard of online Chess rooms where players bet against each other in head to head games - some say this will be the next revolution beyond Poker.
Investing in shares is another form of gambling, but with an element of skill, such as in Blackjack. Here in the UK, it is possible to take an interest on the financial spread betting exchanges. Although no dividends are paid, and you don't own part of the company, gains from capital movements in the share price are tax free as they are taxed as gambling winnings (no tax to pay!).

 

I can't see that EVER happening!
Playing chess you have to see the other players pieces - so everyone would just use a computerized chess program to make their moves!
Nothing like poker at all.

 

Are you a greengrocer by any chance?

I still don't know whether a high quality operation or a complete scumbag casino is a better investment purely in financial terms. The latter certainly may be more profitable at least in the short term, but I would be worried that the management would cheat me in the same way as they cheat players.

 

Chess

Clearly not heard of Poker Bots then!!!!!

I don't expect it will just be chess, other games will be offered on a head to head basis. I believe Backgammon and Gin Rummy is already on offer.

 

Bit risky, too. What if details of malpractice come out post-float? What if it depresses the share value? What if they're subject to a successful lawsuit with the gory details in the press?

In my opinion NOT a good road to go down.