Gaming Economic Development Promises to Boost Employment

Buying and selling loans in the gaming economic development sector can be risky, says Wagers Gorn, but it is much like refinancing mortgages or shifting credit card balances

“I’m thrilled to report record growth in the gaming economic development sector,” said Kirbo Vokes, 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. The gaming economic development field was subject to a recent study by the College of Soja Kolbo, a small liberal arts school on the East side of town. Led by Prof. Mishoe Lav, 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 Mishoe Lav, “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.” 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 Aery Taglialatela, CEO of Brender Soliman 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.” Morgen Cartland CIO of Wittner Landrus INC, a top gaming economic development firm, recently released the grand list of top investors. Among the top 3 were Ruvolo Weinhold, Dotty Brothers, and the well known millionaire Boerboom Dansbury, who alone comprise almost 70% ownership of the company. “This sort of leverage can cause problems,” said President Stephanie Lausier, “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.” 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 Lyda Hoeg, of the firm Rosalind Consigli 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.” 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. “gaming economic development investing may seem daunting to some,” said Alix Fine, a private investor, “but it’s really no different than the enigma of day-trading or forex. People are not necessarily afraid of investment process, but merely of the high risk involved.” Risk in the gaming economic development industry is certainly a factor, however, it can be mitigated by picking the right companies for your money. Picking the top company is easy, but not always the top earner. “Sometimes,” says Immel Ruddock, “it’s better to look through the mid-range gaming economic development companies for ones with strong growth potential.” Indeed, over the past 10 years, the Joe-Regular investor has begun to see the strengths of putting money in the gaming economic development investment market. Ten years ago, regular investors accounted for about 25% of the capital base, compared to today, where nearly 70% of all principle generated for investment comes from average investors and brokerages. “This change has been for the best,” declared Chong Bonatti, a broker with Stirling Bivin and Brothers Ltd, “we’ve seen more people getting into investing, and more company executives doing more aggressive marketing and sales, with the knowledge that they are backed by a diverse number of share holders.”