Investing in a company is different than playing slot machines. Casinos are entertainment providers: they put on shows, sell food and drink, and provide gaming. They have numerous expenses as well. Investing in a casino is not guaranteed to make money in the same way the house is in roulette, for instance. Casinos do go bankrupt and their stock prices do go down.
In addition, when you buy a share of stock on the open market, you buy it from another investor, not the company, so you’re not providing any new capital to the company.
I don’t believe there is anything ethically wrong with either gambling or funding casinos. If people want to gamble, that’s their choice.
Nu, nothing’s certain, but buying stock does presumably have a positive expected value.
Touching the capital, you can reframe the question as “Buy casino bonds” or “invest in a casino IPO. Besides, even when buying stock from an existing investor, you are sending a signal of the value of that stock—so many mills higher than what the next guy in line would have paid—and that provides working capital in the form of the value of the self-owned stocks, against which the casino can borrow.
Investing in a company is different than playing slot machines. Casinos are entertainment providers: they put on shows, sell food and drink, and provide gaming. They have numerous expenses as well. Investing in a casino is not guaranteed to make money in the same way the house is in roulette, for instance. Casinos do go bankrupt and their stock prices do go down.
In addition, when you buy a share of stock on the open market, you buy it from another investor, not the company, so you’re not providing any new capital to the company.
I don’t believe there is anything ethically wrong with either gambling or funding casinos. If people want to gamble, that’s their choice.
Nu, nothing’s certain, but buying stock does presumably have a positive expected value.
Touching the capital, you can reframe the question as “Buy casino bonds” or “invest in a casino IPO. Besides, even when buying stock from an existing investor, you are sending a signal of the value of that stock—so many mills higher than what the next guy in line would have paid—and that provides working capital in the form of the value of the self-owned stocks, against which the casino can borrow.