Casinos and a Sure Win Do Mix
Speak to any investment adviser worth his salt and he'll tell you gambling is never a sound strategy to building wealth.
However, the industry of gambling itself can, under the right circumstances, present opportunities in property investment that any savvy investor would place a safe bet on.
So just how does gambling and sensible investing mix? The answer lies in the lucrative world of the casino.
Casinos attract money
The casino business is a stable, viable operation that attracts cash – lots of it – and can afford to pay its employees above average wages. This creates the ideal property market. Property investors look for markets where there is a plethora of qualified, stable wage earners who are property buyers, as this expedites their investment exit strategy.
That's all well and good, but only paints a part of the picture. What we are really looking for is a market where large wage earners don't buy property, but would rather rent, which makes them excellent long-term tenants. The one market where this scenario exists consistently is the casino gaming industry.
Casinos flourish in good and bad times
So many industries suffer during market downtime, the automotive industry being a case in point. The casino industry, on the other hand, tends to be immune to market forces. Its cash flow can be maintained in downturns as well as boom times. It makes sense to put your property investment in a location that is supported by a recession-resistant industry such as casino gaming.
Casinos are stable
Stable industries supply stable employees who in turn make stable tenants. The casino industry is a stable force, feeding a stable supply of tenants to the property market.
Be careful where you place your bet
At Castlewood International, we love to build properties around a casino, but we make sure many other factors are weighed up first. There are many, many casino locations where we wouldn't dream of encouraging our clients to invest in. We make sure we sort through the data, get the big picture and analyse the pros and cons of the investment.
Find the right mix
At The Palmyra Resort & Spa, we believe we have found a location that fully satisfies our idea of the right mix: tourism, activities, location, occupancy, lifestyle and casino. The availability of tourism and other supporting activities is a vital combination to the success of any resort – and The Palmyra Resort and Spa has just the right mix of leisure activities. On top of that, it is situated in the most idyllic setting of Montego Bay to allow for the resort's estimate of an annual occupancy level of 88%.
Lifestyle must play an equally important role. This is fully satisfied at The Palmyra Resort and Spa with the three premier golf courses, stunning beaches, spas, bars and restaurants. In a nutshell, The Palmyra Resort & Spa is going to be a ‘dream come true’ for investors. It is an excellent example of how the casino presence has combined with many other indicators and facilities in the market. This overall set of many factors is what has put The Palmyra Resort and Spa where it is for the real estate investor. Five to seven years from now, Montego Bay will be a mini Las Vegas...but with stunning views of the Azure Blue Caribbean.
Right now, you should be considering adding a casino investment opportunity to your portfolio, and here's even more reasons why The Palmyra Resort & Spa should be the one you choose:
- ♠ The first fully legally licensed casino in Jamaica
- ♠ 16 acres of freehold land
- ♠ One of the Top 10 most exciting home development programmes in the world - Prestigious Travel and Leisure magazine
- ♠ 5-star award winner – 2007 CNBC International Property Awards
- ♠ 3 championship golf courses
- ♠ Duty free entertainment and shopping
- ♠ Partners with leading Hotel management “Solis”
- ♠ Mega Shopping Mall being built within walking distance of Palmyra
- ♠ Jamaica International Airport – expanding – 15mins drive from the resort
- ♠ Interiors include:
- ◊ Full European designed, quality kitchens
- ◊ Heavenly beds
- ◊ Cable HDTV
- ◊ High-speed Internet
- ◊ Private Chef, Butler & Concierge services
Things have just started. And the long-term picture is a very exciting one because the mix is just right at The Palmyra Resort & Spa.
