Wynn Resorts Ltd. Message Board
- Reply to
Took ZNGA profits and rolled all of it into PYGMF! They are the real leaders in On-Line Gambling!
by pinnacletrader •Mar 1, 2013 10:17 AMPYGMF is a $1.9 billion market cap company with positive cash flow and it pays a 3% annual dividend. Compare those metrics to your ZNGA! PYGMF is the LEADER in online gambling around the world. ZNGA is only a pretender to this market with a bunch of non-betting players with small cash accounts in many cases. PYGMF trades on the Pink Sheets only because the company is not formally listed with the SEC in the US. It is on the FTSE 250 index in Europe, making it among the 250 largest companies in Europe!!!
-
Even ZNGA had to go to Bwin.Party (PYGMF) to offer on-line gambling in the UK. Also, Bwin.Party has ALREADY SECURED agreements with MGM and BoYD Casinos to operate their US On-Line Gambling Operations! ZNGA has NOT secured any agreements. PYGMF is rated a BUY by Morgan Stanley and Morgan predicts the Bwin.Party stock could Quadruple in price as US states move to online gambling!
-
Bwin.Party (US Pink sheets: PYGMF) has deals in place to handle on-line gambling for MGM and BoYD casino resorts! Bloomberg story here: http://www.bloomberg.com/news/2013-02-27/bwin-surges-as-new-jersey-opens-gaming-floodgates-london-mover.html
-
ZNGA looks overbought to me. Glad to take profits and rotate into the REAL DEAL! The US symbol for Bwin.Party is PYGMF! Shares are cheaper than ZNGA at only $2.32! Read this:
http://www.bloomberg.com/news/2013-02-27/bwin-surges-as-new-jersey-opens-gaming-floodgates-london-mover.html