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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (15608)	11/15/2002 10:21:45 PM
From: Paul Senior	Respond to of 78476

I've mentioned that I like (and own) PPE in the gambling (gaming) sector. I have a very small position too in PNK, and today I added a bit to it. As far as I'm concerned this is a case where one should just have bought ---but I did not :>( the dominant company in the business. And that's not a casino, but is slot developer and manufacturer IGT. finance.yahoo.com

To: Paul Senior who wrote (15608)	11/3/2003 6:04:42 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78476

OT: I'll raise a small bet on MGAM, a supplier to Indian casinos. They develop/make what's called class11 games which are slot-machine like. The rules for tribal gaming are promulgated/enforced differently with these machines than for the standard slot machines (class111). Indian casinos are restricted much more severely in their use of the standard slots (class111). The MGAM class11 are designed to have a similar gaming experience as the typical slot machine, but yet stay within the Indian tribes' much looser rules relating to the tribes' class11 bingo games. There's been some ambiguity as to MGAM devices - whether they're actually class11 or class111, but that appears settled now in MGAM's (and imo, the tribes') favor (i.e. class11). The ruling should provide many opportunities for the tribes to increase the number and kind of MGAM slots. This has already - of course - been recognized in the market - the stock has had a sharp run up since the recent government ruling. And I expect competitors like IGT to be in the business now too. I am betting though that MGAM will capitalize on its opportunity much more strongly and favorably in the next 12-18 months than the market is currently pricing into the stock. cbs.marketwatch.com Paul Senior all just my opinion I'm no expert on Indian gaming or its jurisdictional rules/ regulations.