EGT goes to 1 penny a share. What happens if Myanmar legalizes Casinos? Egt goes to 1 penny a share. What happens if Vietnam legalizes Casinos? Egt goes to 1 penny a share. Sorry to tell you longs, but any day casinos could be legalized in all southeast asian countries and then EGT goes out of business because they are set up based on casinos are only legal in Cambodia and Phillipines.
think of it this way [its the holidays so maybe you can relate better] if you are going to go shopping are you going to go to a lone store out in the middle of nowhere and buy all your gifts there?.... or... would you go to a mall or major shopping district where there are a lot of different stores both large and small??? and isnt it better espically for the smaller stores being able to draw on the traffic of all the other stores to make more sales than if they were the only little store around???? now, close you eyes and imagine that the stores are..... CASINOS !!!!!!....... GET IT?????/ the more the merrier!!!! compitition is great for everyones business. EGT will do ok, but; it would do even better if other casinos open so it can draw on the increased traffic. look at that!!!, you are a genius!!!! just knew you would understand it if put in the proper perspective.......................................
Gee...... that kinda sounds like, look out everybody; if the Indian Nations open up casinos all around America,,, the casinos in nevada and atlantic city will have their stock drop to a penny!!!!!! ..
Tank,,, GET A GRIP!!!!! reality is in reach..... just grab it and hold on tight..... maybe your illusions will cease, and you will come back down from that high and stop spreading this inuendo
If anyone else wishes to weigh in and correct any errors I make, I would appreciate it.
Nota thing. If I am not mistaken, Cambodia, Thailand, and Vietnam all have legalized gambling, BUT not for their own citizens. Or at least you need a passport from another country to gamble within these countries borders and that prospect seems highly unlikely. Although in Vietnam, my understanding is the legalized gambling is highly fixed. Then we come to Myanmar (Burma), it is west of Thailand and would not affect the areas presently targeted by EGT.
This is why, IMHO, EGT regional border casinos will be successful: Many countries believe gambling would devastate lower income classes and will not legalize gambling for their own citizens. Therefore, regional border casinos will draw the more wealth citizens from across the borders, who can afford to travel a few hours to gamble. Many if not most lower income people will not be able to make the trip.
As for the Philippines, gambling is legal. All EGT does their is provide EGMs.In the PRs I have read, EGT has not expressed any desire to open a casino there,