Holding Companies That Own Casino's

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Replied by Goldbug on topic Holding Companies That Own Casino's

I wouldn't really have a problem with it. The main reason I don't hold gaming stock is because they don't give the type of returns I want. There are companies that do worse things than run casinos on the stock exchange, and at least most casinos try hard not to allow children or underage people to take part.
2 years 6 months ago #1

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Replied by FrankN on topic Holding Companies That Own Casino's

There are actually several casino stocks that you can buy. Most have not performed well over the last 5-7 years due to competition.
2 years 6 months ago #2

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Replied by FrugalFran on topic Holding Companies That Own Casino's

That's a tough one because we all know that some people are addicted to gambling and it can ruin lives. It would be akin to buying stock in Philip Morris. Personally, I don't think I would invest if the holding company strictly owned casinos.
2 years 6 months ago #3

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  • Moneyes
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Replied by Moneyes on topic Holding Companies That Own Casino's

Unless if you work at one. Many casino's are on Native American tribal land as well, so maybe the tribe members could get a discount on the stock?
2 years 7 months ago #4

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Replied by Breakinger on topic Holding Companies That Own Casino's

I wouldn't have a problem owning stock in that type of company. At least you know that it would always be on the rise. I think it would be a great opportunity, but I bet the stock prices would be pretty expensive to obtain.
2 years 7 months ago #5

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Holding Companies That Own Casino's was created by Moneyes

If there was a holding company on the NYSE that owned nothing but casino's, would you have a moral issue with owning stock in that company? We all know that casino's do nothing but make money. The house always wins.
2 years 7 months ago #6

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