Quote:
Originally Posted by Prioress Ply
Hahaha. Casino stocks like Churchill Downs (and it is a casino stock) have never done better. CDI has gone from 50 to 200 in the last few years. WYNN is flourishing and so is Penn National. How is that possible if people have no disposable income? The answer is not that gambling is dying. Horse racing is dying.
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That's the current case but Americans don't plan economically. We seem to think if something is good, more is better. Its like a disease of spending and greed. That's why we are now in debt up to our ears. Credit, student loans and such for citizens and the govt. can't properly run a lemonade stand......I don't care who these political "wing nuts" elect, the money gets pissed away somewhere. The current regime wants tax cuts and somehow the "invisible hand" is going to make up for the loss in revenue. Its been tried multiple times the math never adds up and we end up with more deficit.
The casinos are getting over saturation too. Its just a matter of time before they suffer the same malaise horse racing is feeling. Here, in NY they are already complaining at certain casinos. The revenue is not matching projections. Gee, I wonder why? They are putting these things on practically every street corner...
. It all looks great at first until the supply out does the demand.
In "show business" the saying is "always leave them wanting more"........In this day and age its "give it to them til they puke, lose interest or "bill it". Look at the state of affairs all around us, reality is not pretty, so there's a ton of denial going on..........we live in USA.....Fantasy, Disney land. At age 55 at least I may not be around when the rude awakening is on our doorstep.
