Gambling News

"The Gaming Jackpot: Gambling Stocks are Hot and Things are Getting Even Better"

Want to win gambling? Invest in gambling stocks!

Anyone looking to make money out of gambling would be well advised to consider buying gambling stocks. They have become some of the hottest stocks on the market globally. In Canada gambling stocks are buzzing. A $10,000 investment in Canadian land-based gambling stocks would have earned nearly $23,000, a 127% return. The same investment in e-gaming stocks in January 2004 would have earned $35,529, a whopping return of a 255%.

According to a report on the gaming industry, things are going to continue improving. An analyst with Wellington West, Robert Winslow agrees, adding that he tips the following three gambling stocks trading on the Toronto Stock Echange: Great Canadian Gaming Corp (GCD/TSX) with a $60 target price, Chartwell Technlogy Inc. with a $12 target price (CWH/TSX), and FUN Technologies PLC (FUN/TSX) with a $6 target price.

The Great Canadian Gaming Corporation, which runs casinos in British Columbia, has recently acquired Georgian Downs, an Ontario casino, and has confirmed its intention of expanding their racetrack business outside British Columbia. They are forecasting a rosy future for themselves.

Winslow recommends Chartwell, an Internet gaming software company, because it stands to benefit greatly from England’s recent passage of the Gambling Bill, which will improve the safety standards and security of Internet gambling sites. This will also add legitimacy to the Internet gambling industry as well as to the companies involved in the industry.

Finally, FUN Technologies PLC is recommended because, in spite of a poor 4 th quarter, FUN Technologies could improve its fundamentals through a well-planned acquisition strategy.

Winslow puts Chartwell Technology Inc. at a strong buy and increased his target price for Chartwell from $10.50 to $12.00. Fun Technologies could go as high as $8.00 with the right acquisition activity, a 50% increase above its current price. Winslow increased his 2005 and 2006 estimates For Great Canadian Gaming Corporation from $1.88 and $2.62 to $1.93 and $2.70.

Back to Online Gambling News Home