Black Hawk Casino Near Denver basting how markets operate. They argue that stock trading has essentially been billionaire hedge fund owners’ personal casinos. soaring eagle casino entertainment hall bellagio casino ein encore casino timings “Investors big and small are treating the stock market like a casino,” argued Sen. Elizabeth Warren (D-Ma. mib kitty free casino slots ). Her comments came after a forum on Reddit titled “wallstreetbets” successfully manipulated the stock prices of GameStop and AMC. Rep.

Alexandria Ocasio-Cortez (D-NY) took pleasure in what was seemingly a large group of small fish taking on Wall Street’s powerful sharks. Coushatta Casino Rv Park Map Vngs Netherlands The Reddit investors purchased large volumes of GameStop and AMC shares to target hedge funds that heavily shorted the stocks. “Gotta admit it’s really something to see Wall Streeters with a long history of treating our economy as a casino complain about a message board of posters also treating the market as a casino,” declared Ocasio-Cortez. Market Leader Dismisses AssertionsIn an interview with “Axios on HBO” that aired Sunday night, New York Stock Exchange President Stacey Cunningham dismissed the links of stock trading to gambling. The markets are not a casino. They are highly regulated and they’re highly overseen,” Cunningham stated. “We are running a market that provides opportunities for investors to come in, invest in the companies they believe in, they believe that are going to grow, and then share in that wealth creation,” she added. cliff castle casino new years eve 2020

Key Insights and Expert Analysis

Cunningham has warned state lawmakers in New York that if the state passes the financial t6114 online casinoransaction tax that’s been proposed in Albany she would consider relocating the NYSE to another state. The financial transaction tax aims to better level the investor field. aliante casino hiring She does, however, support stock market regulators taking a “fresh look” at short selling, especially surrounding hedge funds that take large positions in betting against a company’s success. Differences Outweigh Similarities There are many similarities between a casino and a stock market. Like the NYSE, a commercial casino in Las Vegas is highly regulated. Borgata Casino News Zpnk Legal gambling is one of the most controlled and scrutinized industries in the country. golden nugget casino colorado People who gamble, and also those who purchase stocks, are additionally doing so in the hopes of making their money grow.

Each involves elements of risk, and skilled gamblers and investors study odds and a company’s financials to look for an edge. golden nugget deposit bonus But that’s really where the similarities end, says one expert. “Equating the stock market to gambling is a myth that people on the internet and television pundits have perpetuated for years. free online video poker games no download And it’s simply not true,” says Hank Coleman, founder of Money Q&A, an online financial advice website. Hollywood Casino Near Me Lypw Coleman points to the fact that buying a stock is ownership. paragon casino human resources number He also says gambling, unlike investing, is a “zero-sum game” where there is always a winner and loser. play for free online slots poker turnier casino zurich cool cat casino sister casinos Riverwind Casino Goldsby Oklahoma Thxb In investing, Coleman argues, there can be varying degrees of winners and losers, including in the same stock. morongo casino employee reviews

Coleman also explains t6114 online casinohat value is never created in gambling. Instead, it’s simply money that is transferred between gamblers, or casinos and gamblers. Last year, the real estate sector languished, as hotel and office real estate investment trusts (REITs) were punished at the hands of the coronavirus pandemic. Surprisingly, gaming landlords proved sturdy, despite multi-month casino closures. mgm casino springfield MGM Grand Las Vegas, seen here. An asset manager is bullish on owner MGP and other gaming REITs. (Image: Bloomberg)The three publicly traded casino REITs — Gaming & Leisure Properties (NASDAQ:GLPI), MGM Growth Properties (NYSE:MGP), and VICI Properties (NYSE:VICI) — offer a compelling business model and strong dividend yields at a time when interest rates are at historic lows. mgm national harbor casino 24 hours

Unlike hotel REITs, casino REITs typically own properties under a long-term, triple-net master lease structure, leaving most of the financial and operational risk to their tenants — the casino operators,” according to Hoya Capital research. “Owing to this lease