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Dover Downs Gaming & Entertainment Inc. Message Board

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  • ich1banf40 ich1banf40 Jan 24, 2013 1:28 PM Flag

    trading less than book...

    You were right Slim.... Good thing to look forward to is this nugget by Denis McGlynn:

    "We remain confident that Delaware’s internet casino offerings will be among the first to come online and set the standard for other states. Our goal remains to stay one step ahead of the competition and to continue offering our patrons the region’s finest amenities and richest gaming experiences.”

    Sentiment: Strong Buy

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    • Unfortunately internet gaming is widespread already and most analysts agree that it will be no more than s marketing tool to try and get people in the casinos rather than generate any meaningful profit. The two big problems now for this company, among many are: 1. Half their profit has come from across state lines. 2. There will be little or no growth in their local market to even remotely compensate for the our of state business loss
      The company's business is permanently impaired and the stock should be sold. Opening up a celebrity restaurant out of state #$%$ new growth initiative as they mentioned on their conference call Thursday is a laughable response and will not end well.

      Sentiment: Strong Sell

 
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