Concorde Gaming Corporation (CGAM) Stock Analysis
Educational signal · not a buy or sell recommendation · How to read this
DELISTED
What happened to Concorde Gaming Corporation (CGAM) stock?
Concorde Gaming Corporation (CGAM) no longer trades on public markets. The figures below are historical and are not a current quote.
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Mar 17, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Concorde Gaming Corporation (CGAM). Concorde Gaming Corporation operates casinos and gaming vessels. Sector: Consumer cyclical.
Last analyzed: Mar 17, 2026CGAM: this read rests on a single discipline (Legends Council) — the other council disciplines have no scored data yet.
How is this calculated? →AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built
Concorde Gaming Corporation (CGAM) Consumer Business Overview
Concorde Gaming Corporation, established in 1976, owns and operates casinos and gaming vessels, including Golden Gates Casino, Golden Gulch Casino in Black Hawk, Colorado, and Casino Princesa in Miami, Florida, positioning itself within the regional gambling and entertainment sector.
What Is the Investment Thesis for CGAM?
Concorde Gaming Corporation's investment thesis hinges on its established presence in the regional casino market in Colorado and its unique offshore gaming vessel in Miami. Key value drivers include the potential for increased revenue from its casino operations and gaming vessel, contingent on effective marketing strategies and favorable regulatory environments. However, the company faces risks associated with changing consumer preferences, increased competition, and regulatory challenges in the gambling industry. The company's small market capitalization and OTC listing introduce additional liquidity and transparency concerns. Investors should carefully weigh these factors when considering CGAM's potential.
Based on FMP financials and quantitative analysis
CGAM Key Highlights
Operates Golden Gates Casino and Golden Gulch Casino in Black Hawk, Colorado, providing regional casino gaming experiences.
- Owns Casino Princesa, an offshore gaming vessel in Miami, Florida, offering 'cruises-to-nowhere' for gaming activities.
- Golden Gates Casino featured 4 blackjack tables and 265 gaming machines as of September 30, 2003.
- Golden Gulch Casino offered 245 gaming machines as of September 30, 2003.
- The company was incorporated in 1976, indicating a long-standing presence in the gambling industry.
Who Are CGAM's Competitors?
CGAM is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| LVS Las Vegas Sands Corp. | $42.82 | +0.52% | $27.7B | 765-pillar |
| GXYYY Galaxy Entertainment Group Limited | $20.22 | -3.48% | $17.7B | 489-signal |
| EVGGF Evolution AB (publ) | $91.03 | 0.00% | $17.3B | 509-signal |
| FLUT Flutter Entertainment plc | $98.68 | -0.65% | $17.1B | 435-pillar |
| SCHYF Sands China Ltd. | $1.80 | 0.00% | $14.6B | 469-signal |
| DKNG DraftKings Inc. | $23.88 | +0.71% | $11.9B | 305-pillar |
| MGM MGM Resorts International | $40.73 | +0.18% | $10.3B | 485-pillar |
| WYNN Wynn Resorts, Limited | $88.42 | -2.01% | $9.10B | 525-pillar |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance This table mixes two scoring engines — compare a number only with others carrying the same tag.
What Are CGAM's Key Strengths?
Established presence in Black Hawk, Colorado casino market.
- Unique offshore gaming vessel operation in Miami.
- Long operating history since 1976.
- Strategic locations of casinos.
What Are CGAM's Weaknesses?
Small market capitalization.
- OTC listing, indicating higher risk and lower liquidity.
- Limited financial information available.
- Dependence on regional markets.
What Could Drive CGAM Stock Higher?
Potential expansion of gaming offerings at existing casinos.
- Enhancement of casino amenities to attract more customers.
- Targeted marketing and promotional campaigns to increase customer traffic.
- Strategic partnerships with tourism and hospitality businesses.
What Are the Key Risks for CGAM?
Increased competition from other casinos and gaming operators.
- Changing consumer preferences and trends in the gambling industry.
- Regulatory challenges and changes in gambling laws.
- Economic downturns affecting consumer spending on discretionary activities.
- Risks associated with operating an offshore gaming vessel.
What Are the Growth Opportunities for CGAM?
- Expansion of Gaming Offerings: Concorde Gaming Corporation could expand its gaming offerings at its existing casinos in Black Hawk, Colorado. This could involve adding new slot machines, table games, or poker rooms to attract a wider range of customers. The timeline for this expansion would depend on regulatory approvals and capital investment, but could potentially increase revenue by 10-15% within two years.
- Enhancement of Casino Amenities: The company could enhance the amenities at its Golden Gates and Golden Gulch casinos to improve the overall customer experience. This could include upgrading the liquor bars, adding restaurants, or creating entertainment venues. Improved amenities could attract more customers and increase spending per visit, potentially boosting revenue by 5-10% within one year.
- Marketing and Promotional Campaigns: Concorde Gaming Corporation could launch targeted marketing and promotional campaigns to attract new customers to its casinos and gaming vessel. These campaigns could focus on highlighting the unique features of its properties and offering special deals and discounts. Effective marketing could increase customer traffic and revenue by 10-15% within six months.
- Strategic Partnerships: The company could form strategic partnerships with other businesses in the tourism and hospitality industries to cross-promote its casinos and gaming vessel. This could involve partnering with hotels, tour operators, and event organizers to offer package deals and attract a wider audience. Strategic partnerships could increase customer reach and revenue by 5-10% within one year.
- Online Gaming Platform: Concorde Gaming Corporation could explore the possibility of launching an online gaming platform to complement its brick-and-mortar casinos. This would allow the company to reach a wider audience and generate additional revenue through online gaming activities. The timeline for launching an online gaming platform would depend on regulatory approvals and technology development, but could potentially increase revenue by 15-20% within three years.
What Are CGAM's Competitive Advantages?
- Established presence in the regional casino market in Black Hawk, Colorado.
- Unique offshore gaming vessel offering 'cruises-to-nowhere' from Miami, Florida.
- Long-standing history in the gambling industry since 1976.
- Location of casinos provides a barrier to entry for new competitors.
What Does CGAM Do?
Concorde Gaming Corporation, incorporated in 1976 and based in Rapid City, South Dakota, operates within the gambling, resorts, and casinos industry. The company owns and operates casinos through its wholly-owned subsidiaries. Its portfolio includes Golden Gates Casino and Golden Gulch Casino, both located in Black Hawk, Colorado, and Casino Princesa, an offshore gaming vessel operating out of Miami, Florida. As of September 30, 2003, Golden Gates Casino featured 4 blackjack tables and 265 gaming machines, complemented by a liquor bar and nightly valet parking. Golden Gulch Casino offered 245 gaming machines and also included a liquor bar. Casino Princesa provides 'cruises-to-nowhere,' where passengers embark on cruises into international waters to engage in gaming activities. The company focuses on providing regional casino and gaming entertainment experiences. Concorde Gaming Corporation caters to customers seeking casino gaming and entertainment in Colorado and offshore gaming experiences from Miami.
What Products and Services Does CGAM Offer?
- Owns and operates Golden Gates Casino in Black Hawk, Colorado.
- Owns and operates Golden Gulch Casino in Black Hawk, Colorado.
- Operates Casino Princesa, an offshore gaming vessel in Miami, Florida.
- Provides blackjack tables and gaming machines at Golden Gates Casino.
- Offers gaming machines at Golden Gulch Casino.
- Provides liquor bar and nightly valet parking at Golden Gates Casino.
- Offers 'cruises-to-nowhere' on Casino Princesa for gaming activities.
How Does CGAM Make Money?
- Generates revenue from casino gaming activities at Golden Gates and Golden Gulch casinos.
- Earns revenue from offshore gaming activities on Casino Princesa.
- Provides liquor and valet parking services at Golden Gates Casino for additional revenue.
- Attracts customers seeking casino gaming and entertainment experiences.
What Industry Does CGAM Operate In?
Concorde Gaming Corporation operates within the gambling, resorts, and casinos industry, a segment of the consumer cyclical sector. The industry is characterized by intense competition, evolving regulatory landscapes, and changing consumer preferences. Companies in this sector face challenges related to economic cycles, as consumer spending on discretionary activities like gambling tends to fluctuate with economic conditions. The rise of online gambling and sports betting has also impacted traditional brick-and-mortar casinos, requiring companies like Concorde Gaming Corporation to adapt and innovate to remain competitive. Competitors include companies like AppMobi, Arvada Music, and others in the casino and gaming space.
Who Are CGAM's Key Customers?
- Individuals seeking casino gaming entertainment in Black Hawk, Colorado.
- Tourists visiting Black Hawk, Colorado, interested in casino gaming.
- Individuals seeking offshore gaming experiences from Miami, Florida.
- Passengers on 'cruises-to-nowhere' on Casino Princesa.
Company Profile
Concorde Gaming Corporation operates in the Gambling, Resorts & Casinos industry within the Consumer Cyclical sector. It is headquartered in Rapid City, US. The company is led by CEO Deanna B. Lien. CGAM has traded publicly since 2009.
CGAM Financials
Bull Case vs Bear Case
Bull Case
- Established presence in Black Hawk, Colorado casino market.
- Unique offshore gaming vessel operation in Miami.
- Long operating history since 1976.
- Strategic locations of casinos.
Bear Case
- Small market capitalization.
- OTC listing, indicating higher risk and lower liquidity.
- Limited financial information available.
- Dependence on regional markets.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
CGAM Latest News
No recent news available for CGAM.
Leadership: Deanna B. Lien
CEO
Deanna B. Lien is the Chief Executive Officer of Concorde Gaming Corporation. Information regarding Ms. As CEO, she is responsible for overseeing the company's operations, strategic direction, and financial performance. She manages a team of 230 employees across the company's casino and gaming vessel operations.
Track Record: Due to limited information, it is difficult to assess Deanna B. Lien's specific achievements and strategic decisions as CEO of Concorde Gaming Corporation. Her leadership has been focused on maintaining the operations of the casinos and gaming vessel. Specific milestones and performance metrics under her leadership are not publicly available.
CGAM OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that Concorde Gaming Corporation may not meet the minimum financial standards or disclosure requirements for higher tiers like OTCQX or OTCQB. Companies in this tier may have limited or no financial reporting, making it difficult for investors to assess their financial health and performance. Investing in companies on the OTC Other tier carries significant risks due to the lack of transparency and regulatory oversight compared to exchanges like the NYSE or NASDAQ.
- OTC Tier: OTC Other
- Limited financial disclosure and transparency.
- Low trading volume and liquidity.
- Potential for price manipulation and fraud.
- Higher risk of delisting or going out of business.
- Lack of regulatory oversight and investor protection.
- Verify the company's registration and legal status.
- Obtain and review any available financial statements.
- Assess the company's management team and track record.
- Research the company's industry and competitive landscape.
- Evaluate the company's business model and revenue streams.
- Understand the risks associated with investing in OTC stocks.
- Consult with a financial advisor before investing.
- Operating history since 1976.
- Ownership and operation of physical casinos and a gaming vessel.
- CEO leadership by Deanna B. Lien.
- Presence in the regional casino market in Colorado.
Common Questions About CGAM (Consumer Cyclical)
What happened to Concorde Gaming Corporation (CGAM) stock?
Concorde Gaming Corporation (CGAM) no longer trades on public markets. The figures below are historical and are not a current quote.
Can I still buy CGAM shares?
No. CGAM stopped trading on public markets, so the shares are not available through a broker. Anything you see quoted for CGAM elsewhere is historical data, not a live market.
Are the figures on this page current?
No. Every number here is the last value recorded before CGAM stopped trading. Nothing on this page updates, and none of it is a current quote.
Why does this page still exist?
Because people still search for what happened to Concorde Gaming Corporation. An archived profile that states the delisting plainly is more useful than a dead link — provided it is labelled as history, which is what this page does.
What does Concorde Gaming Corporation do?
Concorde Gaming Corporation owns and operates casinos and gaming vessels. Specifically, it operates Golden Gates Casino and Golden Gulch Casino in Black Hawk, Colorado, offering a range of gaming options and amenities.
What do analysts say about CGAM stock?
There is no available analyst coverage for Concorde Gaming Corporation (CGAM) due to its OTC Other listing and small market capitalization. Consequently, there are no analyst ratings, price targets, or consensus estimates for the company. Investors should rely on their own independent research and due diligence to assess the company's value and potential risks.
What are the main risks for CGAM?
The main risks for Concorde Gaming Corporation include its OTC Other listing, which indicates higher risk and lower liquidity compared to exchange-listed companies.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Financial data is limited and based on information available as of September 30, 2003.
- OTC Other stocks have limited information available.