• Valuation: Casino stocks got clobbered by COVID-19. This one is now an attractive bet

    10 days ago - By Fortune

    “The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage.”
    - Warren Buffett, Fortune , 1999
    Few business models are more reliable than a casino's. People love to gamble, and because the house has a statistical advantage over its customers in every game it runs, the more people play, the more the casino makes. Factor in all the cash people spend on dining and entertainment inside those bright, windowless boxes and...
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