I think that it’s wise for media companies to be interested in electronic gaming. Gaming revenue should continue to grow at a faster rate than the overall market so I’d expect more consolidation online.

It’s my personal belief that the Gaming and Casino Industry can continue to out-perform the overall market, on average, for years to come.

In the past month we’ve seen record-breaking earning announcements from a number of the top casino gaming companies. It didn’t seem to matter went on with the economy or gas prices, people found their way...

This is not to say that nuts and bolts contractors are at a disadvantage, … But if you look at long-term trends, there will need to be more refurbishing of a lot of equipment so...

While the sector’s had a great run, there are still a number of companies that are fundamentally undervalued. But as the industry continues to prosper, investors need to be extremely selective,

People are going to continue to drink. They’re going to continue to smoke. They’re going to continue to gamble.

We’ve often been asked about sex-related industry — pornography. There are not great stocks and great corporations to invest in [within] that industry. Maybe they don’t want people looking at their books, maybe they’re not...

An amazing number of people have asked us about sex-related stocks. Some want us to own Playboy because it’s fun. But it’s not a good stock.

Playboy has done a good job of positioning themselves on the Internet and with other forms of media. They have transitioned the company where it could be a brand for decades to come,

We chuckle when we hear about the short-term holiday effect because the way that EA has been growing their revenue and earnings year in and year out makes it something we want to hold for...

Anybody that doesn’t like this industry is a fool that’s not up to date on what teens and young adults are buying these days.

We’re more than happy to profit from short-term fluctuations, and we think this morning’s dramatic drop is very short-term,

There’s always going to be short-term fluctuations. But we think they’re going to do well in all types of markets.

The overall industry is a boom industry. It has demographics and favorable growth prospects on its side, … Valuations may get ahead of themselves sometimes but that’s only a concern for the short term.

Creamy Good, Chunky Bad.

I think these numbers are especially significant knowing that the market has been through some tremendous ups and downs in the past ten years. I believe there’s still plenty of room for continued growth around...

I have all the faith in the world in Steve Wynn, … But a possible downside is the sky-high expectations that the company has to live up to. I’d be interested if the stock pulls...

I certainly resigned on my own volition without notice, … I can say that I certainly didn’t leave specifically for the purpose of setting up my own adviser.

I believe that I am recognized as an expert in these various industries, … Investing in Vice, The Recession-Proof Portfolio of Booze, Bets, Bombs and Butts.

The gains over the past year have been exceptional, and no one should consider them continuing at quite that rate. That being said, I think that gaming in particular does have continuing upside potential because...

Although Constellation’s been a good performer every year, it hasn’t been off the charts. There haven’t been scary triple-digit returns,