TOP TEN ONLINE CASINO

ameristar casino blackhawk on sale

ameristar casino blackhawk news

20.05.12

On Wednesday, Caesars Entertainment (NASDAQ: CZR ) surged 71% on its first day of trading, meaning some investors might be inclined to take a closer look at small cap casino stocks Monarch Casino & Resort (NASDAQ: MCRI) , Ameristar Casinos (NASDAQ: ASCA) and Great Canadian Gaming Corporation (TSE: GC) . However and before investors get too excited about casino stocks in general, its worth noting that Caesars Entertainment offered only 1.8 million shares at $9 a share AND there is 22 million more shares that will likely hit the market as investors in the company when it was privately held look for the exits. Moreover, Caesars Entertainment is producing the same size losses it was producing a year ago and its under a heavy debt load. In other words, the Caesars Entertainment IPO looks like a clever way for a few insiders to cash out big time and any new investor will not be so lucky. Nevertheless and with that in mind, should investors be looking at small cap casino stocks like Monarch Casino & Resort (MCRI), Ameristar Casinos (ASCA) and Great Canadian Gaming Corporation (GC) instead? Here is a closer look to help you decide:

Source: SmallCap Network