Gambling Stocks Get Bush Boost

Admin. - January 13, 2003

Industry

A Bush proposal that 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...

A Bush proposal that "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," was announced by Joe Greff, a gaming analyst for Fulcrum Global Partners, a Wall Street based investment research company.

A reporter for the Las Vegas Wire said that the proposal at hand by the Bush administration to eliminate federal tax on stock dividends sparked Wall Street analysts, suggesting a big positive injection into gaming stocks.

Stock dividends are becoming more of a reality for Mandalay Resort Group, Harrah's Entertainment, MGM Mirage and Park Place Entertainment Corporation, who hold solid financial positions.