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Hot Stock Tips: Win at the Belmont Stakes with Empire Resorts Stock (NYNY)

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Hot Stock Tips: Win at the Belmont Stakes with Empire Resorts Stock (NYNY) – The 2012 Belmont Stakes is expected to be one of the most attended and most watched horse racing events in the history of the sport. Here at Make Easy Money 365 though, we are a lot more interested in what is going to happen on the stock market, and we think that we have a hot stock tip on Empire Resorts (NASDAQ: NYNY) that could end up being an explosive stock to buy right now, while the race is still over two weeks away!

Empire Resorts is a company that deals with horse racing in specific, and it also deals with video game machines. It is true that a relatively small percentage, about 15% or so, of the company’s earnings are tied to horse racing. However, there is a huge difference at the Belmont Stakes when a horse is running for the Triple Crown and when he isn’t. This is the first time since 2008 that a horse is going to be running for the biggest prize in the sport of kings, as I’ll Have Enough looks to do what no horse has done since 1978 when Affirmed captured all three jewels of the Triple Crown.

Empire Resorts is a stock and a company that truly took a beating when the economy started to dip. We have to admit that this isn’t the best long-term stock in the world, as we have seen Empire Resorts drop from the $50/share range down to the $3.50/share range from 1995 until 1997. It has been as volatile as could be in several instances along the way as well, most recently dropping from around $30/share to where it sits right now at $1.99/share. That being said, now is the time to pounce on this stock, at least for the next few weeks, as it is a position that we think is going to at least double, if not triple in that period of time.

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We also have to remember that it isn’t just Belmont Racetrack itself that is going to benefit from all of the action that is coming in on the Belmont Stakes this year. Goodness knows that the New York Racing Association (NYRA), that has already almost declared bankruptcy once in the last few years, needs the influx of money and the revenue from this race to overcome tons of losses. However, every single casino, off track betting (OTB), and dog track should be seeing a boost in business thanks to I’ll Have Another. Admission fees to these establishments, such as the Monticello Gaming and Raceway owned by Empire Resorts, should be upped during this time as well, especially as we wind down closer to race day.

This clearly isn’t a stock position that we want to be in for the long haul, as this is a no-dividend stock and is one that has been all over the board for the last 2+ decades. That being said, the time might be there right now to take a short-term stance on a bit of a risky company, especially if you aren’t adverse to the idea of taking some gambles.

But why not? Millions will gamble on the Belmont Stakes in 2012. Whether you like horse racing or not, getting involved in Empire Resorts is a way that you can tap into the market as well and try to make your money, long before the horses take to the track on June 9th!

Free Stock Picks: Ride Churchill Downs & Kentucky Derby

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Looking for a good spring time investment?  Look no further than Churchill Downs (Nasdaq: CHDN – Current Quote), and not only cash in on the Kentucky Derby hysteria, but parlay this fixture into a furLONG-term investment.

The Louisville Kentucky racetrack & casino gaming company, which has increased it’s earnings by over 180% since 2010, is looked by Wall Street as an old dog (or Philly in their case) that doesn’t have any new tricks.  But, I don’t see it this way in the least.  In fact, I see plenty of room for growth here.

Not only has this company completely revamped and modernized their racetrack venue, by adding several dozen luxury style suites, but this old dog is beginning to invest in the future as well.

First, they have already made major strides in the casino gaming industry by purchasing Harlow’s Casino & Hotel in Mississippi 2 years ago.  More importantly, they are also making major moves toward online gaming as well; taking on several new online horse racing wagering sites (YouBet.com & TwinSpires.com).

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Finally, if purchasing Bluff Media (which owns the popular online poker player supersite, BluffMagazine.com) in early February 2012 isn’t a sign that they want their piece of the online gaming pie (when it’s finally legalized), I don’t know what is.  (that is, of course, when our short-sighted politicians get their fat heads out of their proverbial asses). The acquisition of Bluff Media may not be a blockbuster deal profit wise and won’t set off any alarms on the Wall Street ticker, but in my opinion, it shows that this company has major plans in the online poker industry (which many estimate to be an industry worth over 200 billion dollars).

So, with the Kentucky Derby ahead (giving sports betters something to get excited about during the football off-season), now couldn’t be a better time buy yourself a piece of this stable horse racing & gaming company that I believe has plenty of room to grow (Buy CHDN Under 60).

Churchill Downs currently has a market cap of $1 Billion; profit margin of 9.5%; a P/E ratio of 16.31; and their last dividend yielded 1%.

(Note: I am LONG on CHDN at a purchase price of 57.63).