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Re: jsc52033 post# 6432

Tuesday, 07/03/2012 1:33:51 AM

Tuesday, July 03, 2012 1:33:51 AM

Post# of 72314
Could be, jsc. And I think it was a good deal too, particularly for Elray. But one quarter of decreased wagering by the Chinese doesn't kill the business. Heck, we in Nevada have had 3+ years of downturn. The casinos still are open. Not making as much money as we would like, but that is the way business cycles go.
The ones who adapt will come out of the down cycle stronger.

I like the idea of Elray having the opportunity to get into the online gaming that will happen soon. Virtual & "on line" gaming will make Macau look like pocket change.
The diversification that Elray is building will be a strength in year(s) to come.
JMHO, and I'm sure there are many of you who will disagree. But discussing these things in a civilized environment inform us all and make us all better investors.
Ok, I'm off my soapbox!! Next???smile

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