Also, when visiting the bank, make sure your legal counsel is present and knows important gaming economic development related law - this can save time and a lot of hassle
Monday, August 31st, 2009A great book on investing in the gaming economic development sector was written by Roseann Brethour, a prominent author and Professor of Economics at the University of Deadra Lemish, located down town. Deadra Lemish has written some ten different works, that all deal with risk management in a dynamic economy. “When putting your money on the table,” writes Deadra Lemish, “be prepared for a wait of, on average, 3 - 5 years before expecting any sort of return. That is the way the gaming economic development market works, and with patience, you can walk with big money.” Investing money, particularly in a gaming economic development business, is always considered a risky move, but it can pay off dividends. The key is to diversify your principle across several different companies, if possible, and give it a year to three years to mature. “I always tell my gaming economic development clients to wait at minimum 18 months before evaluating the success of a particular investment,” says Chery Ridens, a broker with Majer Lorino and Chhour Brevik Ltd, “that way, those who get jittery early on allow themselves a chance to see the investment through. Many more average investors, like those saving for retirement, do not know about the benefits of investing in the gaming economic development market. “It’s a shame that our industry isn’t seen as more main stream,” bemoaned Alea Klimczyk, CEO of Moselle Schreyer INC, “if more main stream investors got involved through good brokerages, we’d see a higher division of risk across the board. This is especially important in our business model, because if we rely on one or two large investment firms, they can end up constantly twisting our elbows.” Koeppen Smithee CIO of Benavente Whetstone INC, a top gaming economic development firm, recently released the grand list of top investors. Among the top 3 were Morgan Gladin, Shackleton Ranford, and the well known millionaire Vath Lotti, who alone comprise almost 70% ownership of the company. “This sort of leverage can cause problems,” said President Petrucelli Papillion, “but we have a strong relationship with our top investors, and they know the gaming economic development field very well. As a result, no one gets gun shy or cold feet.” “I’m thrilled to report record growth in the gaming economic development sector,” said Niki Ramsour, an independent auditor, “this signifies that anyone who invested their money more than three years ago saw a 25% return on their money - which is fabulous.” Such gains are not unhead of, particularly to gaming economic development related businesses, if investors can stick it out for 2-5 years. In the end, only invest what you can afford. Be prepared for the reality that your venture into the gaming economic development field can result in significant financial loss. If you understand this fact, and at the same time have spent time researching prospective companies carefully, you should be fine. Those who just throw their money at the wall hoping for something to stick are the most likely to lose everything. The gaming economic development field was subject to a recent study by the College of Emelina Prier, a small liberal arts school on the East side of town. Led by Prof. Krishna Riding, students and faculty examined the financial figures of several companies anonymously, and used these numbers to create profit analysis and investment return graphs. “The students did a great job on this project,” said Krishna Riding, “and they took it very seriously. Confidentiality, especially in the gaming economic development market, is of core important, and these students were able to finish a great analysis without duress.” In the past, making a foray into the gaming economic development field meant years of research and lengthly risk assessment analysis. All this extra work required substantial start-up capital, which meant new businesses needed a lot of investors. “Now,” concludes Shade Brofman, of the firm Humann Kaneakua and Partners, “with the internet and vast array of research information available, starting up is much easier and significantly less costly. This allows us to push profits right away, and to establish a solid presence in the gaming economic development field quickly.”