Bush Aids Gaming Stocks
By staff
Rod Smith of the Las Vegas Wire reports that gaming industry analysts feel the Bush administration’s proposal to abolish federal taxes on stock dividends will result in a “big boost” for gaming stocks.

'The proposal potentially could lead a lot of gaming companies to move toward implementing dividend policies,' said Joe Greff, gaming analyst for the Wall Street investment research firm, Fulcrum Global Partners.

While dividends are not usually paid on the shares of gambling companies, Greff felt that Bush’s proposal “could act as an incentive for companies to start paying dividends and that would attract a whole new class of investors, those looking for dividend income.”

Industry analysts feel that companies such as Mandalay Resort Group, Harrah's Entertainment, MGM Mirage and Park Place Entertainment Corporation are in a financial position just now to make dividends on their respective stocks a real possibility.

 
 
 
 
 
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