Standard & Poor's Equity Research Services believes casino stock valuations will depend on a variety of factors over the coming 12 months, including prospects for companies being able to boost earnings and cash flow, according to a report published today in Standard & Poor's CreditWeek, the financial market intelligence leader's weekly magazine on investment risk. The special report on the global gaming and lodging industry with contributions from both credit and equity analyst perspectives, also indicates that growth opportunities will partly depend on the regulatory environment in the U.S. and elsewhere.
For the U.S. gaming industry, Standard & Poor's U.S. Equity Research projects that casino winnings in 2006 will total $50.3 billion, up 5.5% from an estimated $47.6 billion in 2005. Further, it estimates growth from the Las Vegas Strip area to outpace that of the broader industry, helped by strength from both leisure and business travelers whose budgets may be less crimped by higher energy prices than drive-in customers visiting regional gaming locations.
"In the foreseeable future, we expect that Las Vegas and Atlantic City will remain the largest U.S. gaming markets," said Thomas Graves, CFA, senior analyst, Standard & Poor's Equity Research Services. "However, we see a long- term trend toward legislators or voters approving geographic industry expansion. Arguments for increased legalization of gaming include opportunities to boost tax revenues, encourage tourism, and create jobs."
Despite the growth of opportunities in the U.S. and inroads made by American firms in Macau and Singapore, Standard & Poor's Equity Research Services has a neutral outlook on the group of seven casino stocks that it covers, although recommendations vary on individual issues. For instance, Las Vegas Sands (LVS: Standard & Poor's ranking: Sell, $71); Wynn Resorts (WYNN: Sell, $71) and MGM MIRAGE (MGM: Hold, $41), to name a few.
The equity research reports and recommendations provided by Standard & Poor's Equity Research Services are performed separately from any other analytic activity of Standard & Poor's. Standard & Poor's Equity Research Services has no access to non- public information received by other units of Standard & Poor's. Standard & Poor's does not trade on its own account.
Standard & Poor's Special Report on the gaming and lodging industry was developed in parallel with an investor conference on this same theme, hosted by Standard & Poor's Rating Services this week in New York. Other areas in the report include overall credit insights about the global gaming and lodging industry, assessments about continuing developments along the Las Vegas Strip, an examination of the gaming industry's recovery along the Mississippi Gulf Coast, the future of Macau gaming, and more. Copies of CreditWeek's special report are available to subscribers of RatingsDirect, Standard & Poor's Web- based credit research and analysis system, at http://www.ratingsdirect.com. In addition, for a short time, this research and video commentary by the authors are available at no charge at http://www.standardandpoors.com or by clicking here.
About Standard & Poor's
Standard & Poor's, a division of the McGraw-Hill Companies (NYSE:MHP), is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With 6,300 employees located in 21 countries, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com.
In addition to online casino news hot off the presses, OCN shows you the best first deposit bonuses at the best online casinos on the web. We've spared you the search by putting together a list of the latest and greatest first deposit bonuses around. So, all you have to do is click and enjoy!
| Name | First Deposit |
|---|
| 100% match upto $200 |
| 100% up to 400$ |
| 500$ |
| 300% uo to 300€ |
| 100% up to 200$ |
| up to 350$ |
| 1000% |
Most Recommended Casino Books
Reuters reported recently that the United States is not worried about having to pay $100 billion in ...
The release of a new game is always a special event in the gambling industry, but when Microgaming, ...
The sixth annual European i-Gaming Congress and Expo got underway at the spacious Barcelona Diagonal...
The United States government released proposed guidelines for the Unlawful Internet Gambling Enforce...
On October 1, 2007 the Federal Reserve and the Department of the Treasury released their joint repor...
Although the passage of the UIGEA last year made it difficult for American players to gamble online,...
Are the new lax gambling laws causing more and more Britons to be under the sway of compulsive gambl...
You may have a surprise in your Full Tilt Poker Account today! After recent allegations that bots we...
Coming off a 26th-place finish at the World Series of Poker, Rancho Mirage's Roy Winston won the Bor...
But the Gloucester Township homemaker never expected another fight -- this time with bureaucrats -- ...
It should come as a surprise to no one that charity-poker games have emerged in recent years as an i...
Spurred by the three-month success of high stakes poker, the Naples-Fort Myers Greyhound Track’s pok...
Online Casino Group Betfair has announced that it has boosted its IT energy efficiency to support it...
Rumors have been circulating for a while now about the future of 32Red.com and its Gibraltar-based B...
CryptoLogic has announced that they have received exclusive rights to make slots and other casino ga...
Since the beginning of the U.S. Presidents first term, the Bush administration has been trying to ke...
The coastal casino in the State of Mississippi have had a diffilcutl few years, yet it seems that th...
Her Majesty Queen Elizabeth II recently found that not only was she one of the most richest women in...
It seems that there is no limit to how low some online casinos can go in order to secure a profit. V...
After a 10-month investigation into the slimy world of Internet "casinos or sports books", Americas ...
It looks like the team behind Online-Casinos.com want to make their online casino portal a fun place...
Positive Experience Begins Even Before Guests Step Out of Their Cars at Harrah's, St. Louis Casino &...
Penghu, a set of islets off Taiwan, is trying to be the next Macao by building a casino town to lure...
The battles against the draconian UIGEA seems to be gaining momentum in the world courts. Here are t...
The Online Casino industry has experienced the worst setback that it ever has since UIGEA. However, ...
The recent British Online Gambling Act has sent the online casino industry into a flurry of exciteme...
As agreed by all interested parties, the hearing that was to take place on the issue of repealing th...
eCOGRA, the world's Internet Pilce Officer, has announced that it approves of the measures taken in ...
Playtech has announced that its Cheif Financial Officer, Shuki Barak, is leaving the group. ...
The Gambling Act is the first peice of legislation that has been passed in the UK about gambling. Wh...
Have you committed a crime in order to pay gambling debts? When you gamble, do you go back another d...
America’s Attorney General Alberto Gonzales has at long last bowed to pressure and has resigned from...
As of today, online gambling in the United Kingdom, as well as advertising from online casino operat...
PartyGaming PartyGaming published their first-half interim results this week, reporting an expected ...
In papers filed today, the US District Court of New Jersey, Trenton Division, has granted a motion o...
Malta is the next online casino superpower, it seems. Here is the storty how a little country draws ...
For some addicts, a casino can be the root of all evils. For others, a fix can come from visiting th...
The new piece of legislation banning advertisements in the UK has caused some stir in the online gam...
Pachinko has become one of the most popular games in the world. Here are a few tips that will help y...
| Name | Payout | |
|---|---|---|
 |
Club Vegas USA | 99%
|
 |
||
 |
Rushmore Casino | 97.2%
|
|
||
 |
LuckyAce Casino | 98.3%
|
|
||
 |
LuckyAce Poker | 99.4%
|
|
||
 |
Club USA Casino | 97.5%
|
|
||
 |
Las Vegas USA | 97.33%
|
|
||
 |
Cool Cat Casino | 98%
|
|
||
Online Casino News - news
from the world of
online casinos RSS Feed.
The OCN directory is currently in development and will be available soon. If you are interested in adding a link, just click on the “Add Link” button. Thanks for your patience.
You do not need prior permission to link to any of the pages on this site. Limited copyright is granted for you to use and/or republish any of the articles on this site for any legitimate media purpose as long as you reference OCN as the source, and include a link referring the reader to the OCN site.