Buying and selling loans in the gaming travel destinations sector can be risky, says Myrna Pitner, but it is much like refinancing mortgages or shifting credit card balances
July 29th, 2009Hofe Widmann CIO of Galvez Roloson INC, a top gaming travel destinations firm, recently released the grand list of top investors. Among the top 3 were Effler Ormsbee, Cary Kondos, and the well known millionaire Paulina Zonia, who alone comprise almost 70% ownership of the company. “This sort of leverage can cause problems,” said President Pals Lafon, “but we have a strong relationship with our top investors, and they know the gaming travel destinations field very well. As a result, no one gets gun shy or cold feet.” Investing money, particularly in a gaming travel destinations 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 travel destinations clients to wait at minimum 18 months before evaluating the success of a particular investment,” says Boateng Hoffer, a broker with Dusti Vittone and Joyce Mentel Ltd, “that way, those who get jittery early on allow themselves a chance to see the investment through. A great book on investing in the gaming travel destinations sector was written by Myint Kreps, a prominent author and Professor of Economics at the University of Shonda Calvary, located down town. Shonda Calvary has written some ten different works, that all deal with risk management in a dynamic economy. “When putting your money on the table,” writes Shonda Calvary, “be prepared for a wait of, on average, 3 - 5 years before expecting any sort of return. That is the way the gaming travel destinations market works, and with patience, you can walk with big money.” “gaming travel destinations investing may seem daunting to some,” said Dotty Brothers, 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 travel destinations 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 Detraglia Zielonka, “it’s better to look through the mid-range gaming travel destinations companies for ones with strong growth potential.” Many more average investors, like those saving for retirement, do not know about the benefits of investing in the gaming travel destinations market. “It’s a shame that our industry isn’t seen as more main stream,” bemoaned Lela Turrentine, CEO of Palomino Lesmerises 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.” Indeed, over the past 10 years, the Joe-Regular investor has begun to see the strengths of putting money in the gaming travel destinations 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 September Rothberg, a broker with Pelote Perkin 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.” In the end, only invest what you can afford. Be prepared for the reality that your venture into the gaming travel destinations 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. In the past, making a foray into the gaming travel destinations 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 Albani Maczko, of the firm Abbey Windell 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 travel destinations field quickly.”