Casino Stocks Falling...

Rich Boy · 10-02-17, 05:41 PM

Yep definite over reaction and panic selling because of the shooting, although could dip even more..

VeggieDog · 10-02-17, 05:45 PM

Buy low. Sell high.

DOM_Toretto · 10-02-17, 05:59 PM

Originally posted by VeggieDog

Buy low. Sell high.

Good idea

LVHerbie · 10-02-17, 06:51 PM

Lawsuits against MGM seem likely.

Shute · 10-02-17, 06:54 PM

Originally posted by LVHerbie

Lawsuits against MGM seem likely.

WTF
Come on
So they going to frisk every guest ????
Not the industry standard
That's why lawyers are scum
Ask auto Donk

krk1030 · 10-02-17, 07:20 PM

Makes no sense. Easy buy opportunity.

eidolon · 10-02-17, 09:38 PM

How does a dude bring in a 19 weapons, 10+ that are rifles, without drawing flags?

MinnesotaFats · 10-02-17, 09:39 PM

Originally posted by eidolon

How does a dude bring in a 19 weapons, 10+ that are rifles, without drawing flags?

The bell hop

dimaggio8 · 10-02-17, 11:18 PM

Originally posted by eidolon

How does a dude bring in a 19 weapons, 10+ that are rifles, without drawing flags?

That is a good question. An investigation would be a good idea.

krk1030 · 10-02-17, 11:27 PM

Originally posted by eidolon

How does a dude bring in a 19 weapons, 10+ that are rifles, without drawing flags?

He was staying there for 3 days, not like he even had to come in all at once with it.

Golf bag, guitar case. would be simple.

DrunkHorseplayer · 10-02-17, 11:43 PM

MGM/Mirage stock is down 5.5%, none of the other casino stocks have moved significantly.

krk1030 · 10-02-17, 11:46 PM

buy mgm at the open tomorrow. it will gain back what it lost today.

Capitols44 · 10-02-17, 11:51 PM

Originally posted by eidolon

How does a dude bring in a 19 weapons, 10+ that are rifles, without drawing flags?

He must have put them in a golf bag. There are a lot of golfers in vegas

Capitols44 · 10-03-17, 12:00 AM

Originally posted by MinnesotaFats

In light of the massacre casino stocks have slipped between 7% and 2.5% across the board with MGM taking the biggest hit.

Might be a chance to buy in here and bet on the house.

Short term trading maybe. Long term maybe not. If they are hit with a lawsuit that suckers going down then after they pay out that big check after the lawyers have convinced the casino excuitves they have saved them tremoundous amounts of money good news will come out and the stock will go up. So 2% downturn is small now expect more in the future.So i probably told you what is going to happen within one to two years.These things in court take some time.

krk1030 · 10-03-17, 12:29 AM

Originally posted by Capitols44

Short term trading maybe. Long term maybe not. If they are hit with a lawsuit that suckers going down then after they pay out that big check after the lawyers have convinced the casino excuitves they have saved them tremoundous amounts of money good news will come out and the stock will go up. So 2% downturn is small now expect more in the future.So i probably told you what is going to happen within one to two years.These things in court take some time.

a lawsuit for what.....

Capitols44 · 10-03-17, 03:11 AM

Originally posted by krk1030

a lawsuit for what.....

Suing the hotel for not securing the building.

Shute · 10-03-17, 03:17 AM

Scum of the earth
No way
Lawyers are scum

xKMACKx · 10-03-17, 03:33 AM

They'll sue and settle out of court. I assume they turn that space where the concert was into a memorial. MGM must have been making a good chunk renting it out but I can't see it returning to business as usual.

El Nino · 10-03-17, 03:56 AM

Lawsuit worked well for the people who sued the Colorado movie theatre for their massacre. They owe about $700K in legal fees. The casino security and surveillance is there to protect the casino's money...not the guests. Good luck proving negligence. He had a 2 room suit for 4 days. People coming and going with extra bags is not uncommon. No duty to pass hotel guests' bags through a metal detector or screen them. This massacre was not preventable. Security guard knocked on the door and took a bullet in his leg for his trouble.

Cuse0323 · 10-03-17, 05:30 AM

Easy to get all the guns up there. Who really pays attention to the people around them in Vegas? Carry two three bags up at a time. Wait a bit, change clothes if you feel like it. Not hard, and three days to spread it out. The only way I could see it stopped if a maid was wondering why so many damn bags, but they don't look around and it's a suite with a bunch in the closet anyway. Wasn't shit anyone could do unless someone random had a hunch, and said this guy seems off.

jjgold · 10-03-17, 05:46 AM

not getting any money

krk1030 · 10-03-17, 11:22 AM

Originally posted by Capitols44

Suing the hotel for not securing the building.

Building was secure. Nobody who was unaccounted for or not supposed to be there was inside. Not sure how anyone with a functioning brain could pin blame on the hotel.

A4K · 10-03-17, 12:27 PM

Originally posted by LVHerbie

Lawsuits against MGM seem likely.

MGM has lawsuit insurance. Wouldn't have a material affect on the quarter.

jjgold · 10-03-17, 03:36 PM

They all go up and down

Best strategy is buy long term

No one can Predict short term

TheMoneyShot · 10-03-17, 03:48 PM

I'm sure MGM has the proper insurance in situations like this.

So even if several individual lawsuits are filed... or one BIG CLASS ACTION lawsuit is filed... regardless of the result...

MGM business insurance should cover it.

If it dropped 5.5%

Should gain it back without any issues.