Sunday, June 01, 2008

Slot Machine Manufacturers

With the proliferation of casinos all across the United States, especially on Native American reservations, there may be an opportunity in the manufacturers of the slot machines, video poker machines, and bingo machines. According to the U.S. Bureau of Labor Statistics, because of the growth of and increasing popularity of Indian casinos and racinos [a racetrack with a casino], employment in gaming services occupations is projected to grow by 23 percent between 2006 and 2016, which is much faster than the average for all occupations.

You will have to decide if any of the following stocks are worth betting on.

International Game Technology (IGT) makes and sells computerized slot, video poker slot, and other gaming equipment and network systems, including big better tracking. The stock has a PE of 26 and a PEG of 1.77 and pays a yield of 1.6%.

Bally Technologies, Inc. (BYI) makes and markets slot and other gaming machines and computerized monitoring systems for the casino industry. They also have player tracking technology. The stock has a PE of 27 and a PEG of 0.8 .

WMS Industries Inc. (WMS) makes and sells gaming machines and video lottery terminals for casinos around the world.They are also expanding into networked gaming machines. The stock has a PE of 35 and a PEG of 1.58 .

Scientific Games Corp. (SGMS) provides gaming related technology products including server-based gaming machines, video lottery terminals, pari-mutuel racing wagering systems, and sports betting systems. The stock has a PE of 51 and a PEG of 1.37 .

Multimedia Games, Inc. (MGAM) is a provider of technology and equipment to casinos. They market server-based gaming systems, interactive electronic games, player terminals, video lottery terminals, electronic scratch ticket systems, electronic instant lottery systems, and slot management systems. The stock has a PE of 40 and a PEG of 3.28 . This is a low cap stock and should therefore be considered very speculative.

Shuffle Master Inc. (SHFL) makes and sells gaming technology products, including automatic card shufflers, chip sorting machines, and PC-based video slot machines. The stock has a PE of 17 and a PEG of 1.15 . This is a low cap stock and should therefore be considered very speculative.

GameTech International Inc. (GMTC) manufactures and markets portable and fixed based electronic bingo systems. The stock has a PE of 17 and a PEG of 0.57 . This is a low cap stock and should therefore be considered very speculative.

FortuNet, Inc (FNET) makes and sells multi-game server-based gaming platforms for bingo gaming markets, and can also be adapted to keno, poker, and slot machines. The stock has a PE of 20 and a PEG of 2.65 . This is a low cap stock and should therefore be considered very speculative.

The related industry to the slot manufacturers is of course the gambling stocks.

Author does not own any of the above.

By Fred Fuld at

4 comments: Team said...

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Today that is 20-June-08 Inflation data has broken the records of past 13 years. Today declared Inflation was 11.05% which is too high. From last one month market is in no trade zone. Everyone is feeling pain from market response.

Just watch

The Sensex has lost more than 27% since its January peak, and trading volumes are down 46%.
Investors has lost there 70% of portfolio .

But still we say there are many undervalued stocks which can be used for investment.

To name few
2. SBI

Most of the stocks are trading near to there 52 weeks lows. There are many fundamentally strong scripts too that are trading at lower levels. One can buy and hold them.

Nifty is expected to correct bit more and after that we can say market will be bullish. As this correction was overdue reason being if we observe in past months speculated stocks whose fundamentals are zero has also shown tremendous upward rallies in the market and now again they are trading at there real values. But still investors are trapped in them and no one is sure those scripts will ever reach those highs or not.

Stock market is a ocean where there are many pearls ( here scripts) so one need to select the best one. We strongly recommend if you are not intraday trader but investor then do go through company fundamentals and then invest.

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nfl picks said...
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nfl picks said...

Slot Machine

Jatin Kumar said...

The game of poker involves receiving a pot of money by utilizing strategies and relying on some sort of luck. You have often played it in the casino or on online sources but trust me it becomes more entertaining when played at home. However, for playing it at home you need to spend money in some quality poker supplies and materials including a set of playing cards, and poker chips set to enhance the level of the game.