“Bet two for good, one for bad,” Dustin Hoffman memorably remarked in 1988’s Rain Man.
If you’ve been a recent investor in gaming companies, you’ve bet a lot of twos. That’s because shares of the large casino stocks have done nothing but hit the jackpot of late.
Shares of MGM, Las Vegas Sands and Wynn Resorts have logged respective year-to-date gains of 75%, 44% and 41%. That’s a hot streak no matter how you look at it.
And according to what one top gaming investors told Talking Numbers, the winning streak could just be getting underway.
Jason Ader is the President, CEO and founder of Ader Investment Management, a family office that specializes in the gaming industry. He also sits on the board of directors of Las Vegas Sands and, in a previous life, was consistently among the top-ranked analysts on the Street when he worked at Bear Stearns.
In other words, he knows Vegas better than Wayne Newton.
But it isn’t the Strip that’s gotRead More »from Forget Vegas, here’s where the real money is