david wrote on August 23, 2008 03:41 PM: Thank goodness i am not the only one avoiding anything to do with the Herbst empire.
it is not just the gas that has slowed there business but their over all business practices.

LV wrote on August 20, 2008 08:55 AM: you guys are confused. The dad bought the yaht and owns the gas stations. The sons are the ones that own Herbst Gaming. One does not have to do with the other. Dad is the one that has all the money and from what I gather wont bail the sons out because they made poor decsision, against the advice of all their advisors, and purchased the Primm properties. I am glad the sons are suffering this loss. Next time listen to your advisors!

dobbole wrote on August 19, 2008 03:11 PM: I mean

How dare they have a boat if I don’t have one, they should only be allowed to have cable TV, Cell phones, 2 cars, big screen TV’s, a 4 bedroom home in the suburbs, central air and heat, an abundance of food, safe environment to live work and play, state parks, social security, equal rights, the right to vote, the internet, movies on demand, jobs, laptop computers…. Just like the rest of us poor people barely getting by.

It is an outrage that their life in no way affects mine, TAX them now, Tax them More, They should pay for all my stuff.

dobbole wrote on August 19, 2008 03:01 PM: A lot of class envy here, apparently the Democrats have been successful in their strategies. They made some poor decisions and had some economic and political hits to the bottom line. Several other affected businesses are weathering the storm because they had better planning. Hopefully they right the ship; Nevada needs the jobs and taxes their business creates

casinocon wrote on August 19, 2008 02:49 PM: I used to drive around the valley and visit different casinos to get a free buffet and some play -- that included Terrible's on Paradise. Now with gas prices what they are and especially the slot machines being so tight, I've had to give up this past time. I would still venture out if my slot losses weren't so high. So yeah, greed has killed the Golden Goose. Loosen up the machines and I might start playing again, but I really don't see that happening. I lose more on the new penny slot machines than I ever did on the nickels. Every month I lose more and more, now I've finally stopped.

Dave wrote on August 19, 2008 01:44 PM: Hey Seth, I would love to be there when they repo this friggin yacht! Do you honestly think the creditor is going to sit around while these bozos talk bankruptcy? I think not. Hope they had a few trips on the boat, they won't have it much longer.

American Gaming Guru wrote on August 19, 2008 01:24 PM: I followed the link:
http://www.showboats.com/Articles/Features/Terribly-Terrific.asp

Do what The Donald did back in the day. Turn in the keys to the Yacht and get your company back in line!

consequences wrote on August 19, 2008 11:25 AM: 'Revenues from the company's 7,200-machine Nevada slot machine route operations, which have declined significantly since a voter-approved statewide smoking ban in restaurants and taverns took effect in January 2007,'

Like people refuse to go to casinos because they cant smoke when they eat.

Anyone ever go to Ellis Island? ...

Despite the rare exception, its nearly impossible to win on the machines (more so lately)... the trinkets and special offers to lure people in are cheesy at best.

Why get beat up at the casino when the economy leaves little spendable resources for gaming and entertainment.

Success of any business is in filling the needs of the customer. Gamblers know the risk they are taking; but for god's sake, gaming companies need to give back a little (and maybe even more in times like these), to get customers to want to come back.

Companies don't have to be stupid about it, just reasonable.

Maybe we should take our money to the indians!

nevada wrote on August 19, 2008 11:02 AM: 'Most of the casino losses were at the company's three Primm resorts, which have seen visitation from Southern California curtailed by high gasoline prices. Herbst paid $394 million to acquire the Primm casinos from MGM Mirage in April 2007.'

Duh! People dont want to hang out and gamble at Primm when they are traveling, they just want to get where they are going.

Another reason is locals are getting stung lately by casinos since machines have been tightened up to recover lost revenues resulting from all the other issues with the economy such as gas prices and food prices, a near 7% unemployment, etc.

Amen 'homeless in Las Vegas'!!!

Seth wrote on August 19, 2008 10:42 AM: Yeah?, check out this link:
http://www.showboats.com/Articles/Features/Terribly-Terrific.asp

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