Showing posts with label MGM. Show all posts
Showing posts with label MGM. Show all posts

Wednesday, April 15, 2009

Las Vegas Bomb

Take a look at these year/over/year statistics for Vegas for February:

http://www.lvcva.com/getfile/ES-Feb2009.pdf?fileID=37

Convention attendance down 34%
Average Daily Room Rate $ down 23%
Overall Visitor volume down 8%
Room supply up 3.9%
Gaming Revenue down 17.9%

In short -- SHORT the gaming stocks. Once this bull move is over in the market, these stocks are going back down, again.

Oh, and visit vegas. We are -- paying only $140 a night to stay at the Bellagio -- a STEAL!