Gambling Good For Stock Investors in 2004

Published: Friday, December 03, 2004 Online-Casinos.com

GAMBLING'S GOOD FOR INVESTORS IN 2004

Latest MECN study shows big returns

MECN's latest survey shows that returns on investment in gambling stocks are making many investors happy this year.

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Conducted over the past few months, the survey shows that investors are beginning to focus on the gambling industry as a promising global growth opportunity.

But gambling, says the research company is in many respects, still one of the financial community's best-kept secrets. The new report entitled 'Investing in the Gambling/Gaming Industry' will allow for a better understanding of the industry and its investment potential, it claims.

The survey shows the stocks of top performers, such as online operator Sportingbet or Wynn Casinos, rose by about 320 percent and 181 percent, respectively, in the past 12 months. About two thirds of the stocks of the 15 largest gambling companies increased by over 40 percent in the past 12 months.

Close to 60 percent of the investors surveyed said that the performance of their investment in the gambling industry was "above expectations".

The MECN Gambling Industry Index, which tracks a representative group of 47 gambling companies, increased by 39% in the past 12 months. With this performance the Gambling Index outperformed most indices, including the Dow Jones, FTSE, and many other industry-specific indicators.

Europe seems the place to be: 7 out of the top 10 performers are European companies, and close to 60 percent of the investors surveyed said that the performance of their investment in the gambling industry was "above expectations".