Dividends and Vegas rolls the dice, comes up a winner

Las Vegas is known as a gambling city, the city in the middle of a desert was founded on legal gambling. It is also one of the most popular tourist attractions in the US. This foundation of gambling started with cards and dice but quickly evolved to sports betting. For most of professional sports time, the city has been seen as wrong for any major league to be associated with Las Vegas. In an article by Tim Dahlberg of the Associated News the number one sport of gambling the NFL is bringing the Oakland Raiders to play in Vegas. The Oakland Raiders broke ground for the  new $1.9 billion stadium will build for the team and Vegas Hotels will pay $700,000 million with the opening set for 2020. The stadium will be black and white or the Raiders colors.

The NHL set up a team called the Golden Knights and in their first year of operation have drawn well through season ticket holders and those that are visiting Vegas. Other sports which draw well in Vegas include WFC and  NASCAR, The problem was never the drawing of fans, but the perception of doing in a business in a city where they bet on sports and would someone go to measures to ensure their bets win.

Linking to dividend paying stocks, things evolve and change and that is why it is difficult for companies to consistency deliver excellent results. Every once in a while look at your investments and ask how has the company changed because of innovation and breaking down of taboos.

There are more questions than answers, till next time – to raising questions.

Leave a comment