A few articles and comments to cement the view to hold with a bullish future for the company.
JP Morgan has a high rating on AGI entering the All Australian 200 and a low rating on the company entering the ASX 200.
Deutsche Bank posted figures showing ALL's sales in the 3 months to 30/06/2013 (within NSW) were down 32% on the PCP. AGI showed a 6% gain over the same period.
The Australian reported AGI has snared 10% market share in Macau. The Cotai strip will add 6000 - 8000 egm's over the next five years according to a comment from ALL's GM for that region.
Since 2004, slots revenue in Macau has grown 16-fold, compared with a fivefold increase in VIP baccarat and sevenfold growth in mass-market tables revenue.
Slot machines made up only 5 per cent of gaming revenues in Macau.
The growth in slots is coming because of the profitability of the slot machines.
Mainland Chinese and players from Hong Kong are tripping over to Macau and playing slots for the first time and enjoying it according to the same GM.
No sign of decline in the US with regard to construction and refurbishments. Florida just booked 1.4 billion in tax revenue and the powers to be are talking about expanding on that.
New York legislators approved seven new casinos in that state and expansion is progressing at a rapid pace on the East Coast.
US going great guns, IMO Asia is the elephant in the room.
IMHO
AGI Price at posting:
$3.72 Sentiment: Hold Disclosure: Held
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