Here are four Small Cap Resorts and Casino companies that are very affordable:
Take a look at Ameristar Casinos Inc (NASDAQ:ASCA) which was trading in the $19 range at the beginning of November and is currently trading in the $18.46 range, a wash in essence in a little less than six months. Ameristar Casinos Inc dropped to $15 by late January and is in the midst of a strong bounce back. ASCA pays a 2.27% dividend. The Ameristar Casinos Inc portfolio includes Ameristar Casino Resort Spa St. Charles serving greater St. Louis, Missouri; Ameristar Casino Hotel Kansas City serving the Kansas City metro area; Ameristar Casino Hotel East Chicago serving the Chicago area; Ameristar Casino Hotel Council Bluffs serving Omaha, Nebraska and southwestern Iowa; Ameristar Casino Hotel Vicksburg serving Jackson, Mississippi and Monroe, Louisiana; Ameristar Casino Resort Spa Black Hawk serving the Denver metro area; and Cactus Petes Resort Casino, and The Horseshu Hotel and Casino in Jackpot, Nevada.
And take a look at Boyd Gaming Corporation (NYSE:BYD) which was trading in the $8 range at the beginning of November and is currently trading in the $8.81 range, a gain of 10% in a little less than six months. Boyd Gaming Corporation topped $12.50 in mid February before drifting down to its current price. BYD owns and operates 15 casino entertainment facilities located in Nevada, Mississippi, Illinois, Louisiana, Indiana, and New Jersey. The company also owns and operates a pari-mutuel jai-alai facility located in Dania Beach, Florida, as well as engages in travel agency business. In addition, Boyd Gaming Corporation holds a 50% interest in a limited liability company that operates Borgata Hotel Casino and Spa in Atlantic City, New Jersey.
Then there’s Hong Kong based Melco Crown Entertainment Ltd (NASDAQ:MPEL) which was trading in the $6 range to begin November and is currently trading in the $9.09 range, a gain of 51% in a little less than six months. Melco Crown Entertainment Ltd owns and operates Altira Macau, a casino and hotel resort that features approximately 210 gaming tables. MPEL also operates 8 Mocha Clubs with approximately 1,500 gaming machines and City of Dreams, an integrated urban entertainment resort, with approximately 500 gaming tables, 1,300 gaming machines, 20 restaurants and bars, a performance theatre, food and beverage outlets, and guest rooms.
Finally take a look at Nevada Gold & Casinos Inc (AMEX:UWN) which was trading in the $1 to $1.20 range for most of the last six months and is currently trading in the $1.56 range on a sharp spike staged earlier this month. Nevada Gold & Casinos Inc owns and operates the Colorado Grande Casino in Cripple Creek; the Crazy Moose Casinos in Pasco and Mountlake Terrace, Washington; Coyote Bob's Roadhouse Casino in Kennewick, Washington; the Silver Dollar Casinos in Seatac, Mill Creek, and Renton, Washington; the Club Hollywood located in Shoreline, Washington; the Royal Casino located in Everett, Washington; and the Golden Nugget Casino located in Tukwila, Washington. UWN also holds interest in Buena Vista Development Company, LLC, which is working with the Buena Vista Rancheria of Me-Wuk Indians on a Native American casino project to be developed in the city of Ione, California.
I like the geographic diversity of ASCA and think the strength and support of its current bounce back could take it to the $21 range in the near term. BYD has staged some strong spikes in the past and I think it will retake $10 in the near term. Even at its current high, I like the MPEL entry level price and think the stock will take and hold $10 in the near term. I think that UWN can hold its current price level in the near term and could spike on good news to $2.