There are some negatives now that weren�t there before, namely; more people being put out of work, reluctance to travel by plane and probably a general belt tightening on expenditures as people begin to modify their behavior to reflect current realities. Yet, gambling has always been a general outlet for tensions of the day in addition to hopes & dreams. I don�t see that changing. MNTG draws from local populations so plane travellers really aren�t needed. Indeed, those who might otherwise have gone to Vegas or Reno will probably stay close to home so MNTG might even benefit. It also looks like gasoline prices will be down and below recent levels which will boost spendable income. And the Federal Gov�t will be pumping all kinds of money into the economy that will keep things from getting too bad and the new construction needed could give the steel industry a good shot in the arm. All in all, it doesn�t seem as likely the company will do quite as well as it would have, but it should do well even in a changed economy. Certainly 8 bucks a share looks like the shares are at a good discount.
I agree, Vegas will be hurting because of the travel. Some of the high rollers are going to be reluctant to fly there anytime soon. The little guy needs some fun and MNTG will fill that void. We may get more of the high end gamblers too that we may never have seen before. True the economy stinks, but at some point we'll hit bottom and bounce back. This may not happen next week but it will happen. Just hold on and take that long term capital gain. Another 10% is better in my pocket than the tax mans. MNTG is in a lot better shape than the big casinos are from what I see.