A few months ago I posted this on the 350z forum. N.Y.S wants to get casinos just like all the other states around it.
Ten minutes from my house is a place that I was sure would get one of the four planned casinos. That is if the N.Y.S. voters voted on Nov. 5th for casinos. If this Nov. 5th they(NYS voters) vote yes for casinos, the state will pick only 4 locations from the whole state. After 7 years, 3 more closer to the city might be chosen.
I posted that it was a gamble not an investment & a yes casino vote was not certainty(about 50/50).
That stock was NYNY and it was $2 then. I did explain that I was more than 90% sure that I knew this location & stock might be chosen. Since knowing the location of one casino out of only 4 in the entire state was a big thing, I recommended it as a bet, NOT an investment. That's because we would still need a state wide yes vote for casinos & get the Governor/state pick my location.
Some took a chance & bought, others made fun
I still don't know the end game, but
TODAY the stock closed @ $4.16. That's 100% profit in a few months for me & the ones that bought.
This Nov.5 is the vote.
If it's a no, I will lose a bundle of money.
Like serious money
If the vote is yes, the stock may go to $6. If after the yes vote, it later gets chosen as one of the 4 locations, I will be a very happy man because the stock can go to $8/$10 or even more.
So, anyone interested in gambling on this???? It's not as good of a time as it was when the stock was $2 but a Yes vote Nov. 5th might make a 50% profit, and of course a no vote will bring a big lose
I'm skipping talking more about the pick till N.Y.S. votes yes to casinos.
IT'S A GAMBLE ONLY!. Not for the weak of heart.....A yes & this location being picked = 100% to 300% profit. Big lose should also be considered.