RE:RE:RE:RE:RE:RE:RE:NCIB vs DividendsBarstoolSage wrote: Wow thanks for such an indepth response Malx.
Last first, slots are simply not negotiable. Preying black boxes with moving parts just making noise to me. Walking by them on my way to the relatively quiet table games area is among my favourite activities there.
To the creeping control it was not so much an issue as an observation of the results, and the multiple percentage increase in firm ownership given their starting points
Inside ownership does not bother me too much as a big owner of Becker with a dual voting structure where founders control the company.
And as long as I don't need the monthly income and I'm anticipating nice capital appreciation in holding GH I'm with you. I keep adding here and there myself as I definitely see the potential value of GH to me.
But I'm semi retired and have never shied away from saying I wanted yield in buying ...but all things are true at once here.
22 23 is well within my come on now range ....and knowingly putting the cart before the horse I would not limit the dividend to doubling ....
We have had a major refurbishment and all facilities are set to take advantage of the bigger crowds anticipated in the coming years, though I would not overlook debt reduction and investments in margin creation before adding to shareholder cash returns.
There was a time when I felt similarly about slots but that changed as I came to appreciate the evolution of the old "one-armed bandits" to what we see today. Modern slot machines are sophisticated, private lottery terminals, with all the graphics, music, sounds and even tactile interaction during game play that captivates players, making their experience enjoyable win or lose. The concept is that people spend money for entertainment, and slots are entertaining PLUS the player has an opportunity to win back their expenditure and if they are really fortunate they can leave with a massive jackpot. Knowing that there is a possible payout of 100 to 1,000x one's bet is an exciting prospect to the player. Yes, those jackpots may come at long odds. You are correct about that.
You will have to ask Kasking about his betting strategies but I have long suspected that he bankrolls $2,000+ to enable him to play at least 100 spins at $20 on his targeted machine.
Here's a sample of a modern digital slot machine,
Monopoly "Cheaters" Edition.
The fellow has budgeted 100 spins at $20 per spin.
Within first 5min a bonus round is triggered and he hits a nice win early.
Whether a player starts with $100 or $2,000, the games remain exciting and accessible to most budgets.