Sin Stocks Touted
By Paul
There is another way of making money out of gambling – you can invest in the companies that provide the casinos.

UK-based Global Betting and Gaming Consultants has compiled an index of the world's top 50 gambling companies and tracked it for the past 12 months. It found that, in the year to the end of September, the 50 companies outperformed the FTSE 100 by 57% and the Dow by 48%.

Warwick Bartlett, founder of the consultancy, said Sunday: 'We are going to write to all the leading financial institutions to see if they would like to set up an investment trust or a unit trust because the performance is pretty impressive.'

The three biggest companies in the index are International Game Technology, the Las Vegas slot machine supplier valued at over $6 billion, and US casino operators MGM Mirage and Harrah's Entertainment, both worth over $5 billion. Boyd Gaming, the resort casino operator, was the best performer - up 326%.

British companies include Rank, William Hill and Stanley Leisure.

Bartlett added: 'The index gives you exposure to the dollar, companies worldwide and cash. Investors would like it.'

“Sin stocks” are on the rise – a similar type of fund, the Vice Fund invests in booze, guns and casinos. Its slogan is: “When it's good, it's very, very good . . . and when it's bad, it's better.'

 
 
 
 
 
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