jerry bowman wrote on November 23, 2008 02:10 PM: president bush not at fault for the
econmy and neither is the clintons although they told banks to give everyone loans for homes if they would of specified fixed loans these poor familys wouldn't be in the positions their in it's all greed, banks casinos,
ect. The terrorist are probly laughing
at the americans write know what they
tried to suceed we did to ourselves. The casinos in las vegas always treated
their people wrong if theres an issue
instead of fixing it set the people up
and fire them. Station property is well
known for that there is no family values in station propertys its know all about greed. Even before the econmy
down fall in 2007 they started looking for people to eliminate in july of 2007
Red Rock set up serveral employees to
be fired all those people were told since 2006 they could have the stuff
they were aquiring for a year and half
then they put up a flyer in the TDR
stating things were going to slow down
and the next thing so many lifes were
effected several people committed sucide over this situation and a man
who was taking care of his paralized
wife died due to the stress station
casino didn't care about how they effected peoples life Frankly if they
collaspe it's because of there dishonesty and greed. The same as the banks. Unfortunatley us average people
are suffering greatly but they say the
meek will survive and the rich will fall. My heart goes out to every family effectd by this crisis and pray
i will have my home by next year.

2bad wrote on October 28, 2008 05:51 PM: Couldn't happen to a nicer (greedier) bunch of people!

Dave wrote on October 24, 2008 03:19 PM: Service is poor on the Strip because they are laying so many people off. Morale amongst existing employees is bad too. Bellagio laid off 500 people this week, although that didn't stop them spending a million dollars on a 10th Anniversary party in the employee EDR last week. These idiots really have their priorities wrong.

Dave wrote on October 24, 2008 02:26 PM: I wonder how the private casino corporations are doing? Harrahs and Station Masters are taking it in the shorts as they see their investments go down the toilet along with their cheap buffets that make McDonalds a better choice.

Adios, Aliante. We hardly knew you.

hilobamacaine wrote on October 24, 2008 01:21 PM: hey ex guest you should see the second tier casinos off the strip they are even worse!

EX GUEST wrote on October 24, 2008 11:22 AM:
I cant help when I go to a Sushi bar in Ceasars and it takes them over 40 minutes to bring my dinner and they cant even speak English. Last Saturday I was at the restaurant by Cleopatras Barge, have been a thousand times, and I could not belive how sparse the help was. God Bless em they were all like 70 years old and told me they laid off all the others that had been there less time, but it was the worst experience I have even had in a strip Casino...

I will not be back untill after this garbage is over as it was a waste of $300 bucks for basically terrible service and nothing worth the money !!!

casinocon wrote on October 24, 2008 09:57 AM: The party's over -- they will have to declare bankruptcy. If I had any money a couple of years ago I would have invested in gaming stocks, alas I didn't . . . so I can't cry loss. I did once invest a small bit of money in stock that dwindled to nothing. It's no fun, but it happens. Las Vegas has gone bust . . . I guess the house doesn't ALWAYS win.

ET wrote on October 24, 2008 09:19 AM: the Market shall recover, once Bush and his gang of Bandits,the crooked Republicans are done.
The Republicans have destroyed the trust of the people,now, everyone is taking cover,you can't trust the thieves.

Donald wrote on October 24, 2008 08:18 AM: I haven't looked at the individual companies' financial statements but I suspect some of them contain high debt to equity ratios.

Debt is great when things are going well but it is terrible in bad times.

Why?

The interest on the debt has to be paid on a regular basis. Once a company runs out of cash and can't make its interest payments the debtholders can force the company to file bankruptcy.

This often results in the stockholders' equity portion being wiped out as debtholders try to recover some portion of their investment.

If the economy continues to weaken and tourism continues to fall, it's likely that one or more of the big Vegas casino chains will file bankruptcy.

A given company's stock price may look temptingly low, but if it later falls to zero you're no better off than the investor who bought at $90/share. Both of you would suffer a 100% loss on your investment.

Mauna loa wrote on October 24, 2008 06:49 AM: What the hell are you smoking LvPaco, can you pass some down here. PUT A FORK IN THEM...THEY ARE WELL DONE...

I'm betting the bottom is going to be around 6200....how about you Pac.

“As for the Future, your task is not to foresee, but to enable it.”

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