Re: Party down 30% on weak earnings projections...hmmmmmm???
Source: Bloomberg News
Variance: nope
It's a maturing market based on a skill game that takes money and a time commitment to succeed at. When Tiger Woods hit the pros (and TV!), everybody pulled out the clubs and dreamed of the Masters...huge growth...then all those newbies realized...it's expensive and tough. No different here. There will still money to be made after the tourists are gone, but it'll be tougher.
J
P.S. If someone tells me how to post and image, I'll post a screen shot of the article on Bloomberg News.
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