yes and pull a chart for shokapee downs, thistle downs,...... and the multitude of other racing facilities in the us climate areas that are more outdoor friendly than canada. What are the biggest profit producing areas in gambling? machine play. what is the horse track in Vegas named?
and if they are wrong? the casino will be the cash cow to support the failing industry of horse racing. in the end they will be stuck with a big piece of real estate that is not generating any income, remember we are talking about alberta, canada. not sarasota, florida, santa anita, california, or even kentucky. horses don't run on frozen ground, and the ground is frozen in calgary quite a few months of the year. the new casino location in calgary deserves a thumbs up, linking it to horse racing, and even off track betting gets a thumbs down.
the quote is directed to the horse owners, but the trend fits the whole industry. Casinos succeed on random events, with a small margin from the house odds (the green numbers on the roulette wheel as an example) Horse racing has the human element influencing the outcome (the jockey directly) and the trainer, indirectly. Not to mention the vet, gate men etc. too many influences on the outcome. horse tracks do not make lots of profit. churchill downs is a popular place one day in may only. same can be said for the other racetracks across the us and canada. cnty should stick with what they know, casinos and casino gambling.
dj, horse racing is not a good business. now a casino is a good business, but horse tracks are not. The old saying is " the easiest way to make a small fortune, is to start with a large fortune and then invest in horse racing". CNTY has not had real good results with their casino in calgary, and possibly by moving their casino out to where the horse track is/will be the location for the casino might be better, but if they think they are going to make money via the wagering on horses... forget it. the horse racing folks are masters at finding ways for others to fund their passion, and the boys from Austria who run the casino company we know as cnty so well , I think have been put under the spell of the horse racing folks. Horse racing in the western US as well as canada will never be as popular as it once was, before states like montana, washington, etc. legalized other forms of gambling besides betting on the horses. just my opinion of course, but on that has me not as enthused about the shares of cnty that I have owned for a long time.
though traders can make some money on the ups and downs. Gambling is a money maker for the casinos. I look at shares in CNTY as owning part of a casino, ( actually a small part of a number of casinos ) Colorado, Canada, Poland, and the cruise ships. those are solid assets.
the insiders have to spend some money on new shares, but they do not control the market such that the share price will go down at their bidding just so they can spend the money on shares. this stock plugged along for almost 4 years below 3.00 and only this year popped up. It is a good company, and the price will go up again eventually. The holiday season is upon us and in the countries where they have their casinos people are thinking about christmas spending rather than entertainment spending. people are taking profits, and will likely get back in when the stock dips down to the low range that it occupied for the previous years, and then make their money again when it spikes back up in the spring. in my opinion only of course. I am not selling.
could be, but who are the idiots that are selling? the increase in the ceo pay came with the mandate that some of the increase that was received had to be used to buy stock. If people were intent on selling why didn't they sell 6 days ago when it was above 6 dollars per share?
floods in colorado, floods in Calgary, they should set up a casino in an area that needs rain. They are adding another casino in warsaw. they run a good ship, slow and steady. I have visited one of their casino's in Poland (Krakow) low overhead. profitable from the start.
don't know how that could be done though.
maybe next week your prediction will come true, and then again maybe not. My grandmother predicted ,"this will be my last Thanksgiving with you all" each and every year for many years. Eventually she was correct in her prediction.
even if it does head to the 50's I am still holding (with a profit). If it gets close to 50 I will be forced to buy as much as I can afford. cheapest valid gold play on the market right now. Meaof is cheaper, but you get what you pay for with brd.
fair weather fans :-) is all. those who bought will be happy down the road, and those who sold will wish they hadn't.
I think you are wrong Bill. They are taking gold out of the ground, and they sell some of it to pay wages, and operate, but they also keep much of it, and will sell it when the price of gold rises. the price of the stock may go down as the price of gold fluctuates, but the supply of gold is limited (unlike the supply of currencies that are printed as needed) and when the supply available to those who want to purchase it is limited the price will rise possibly to record highs, then the gold that BRD is sitting on will be quite valuable and their share price will rise nicely as well.