Entries tagged "Station Casinos"
Gambling concerns Magna Entertainment, Trump Entertainment and others are succumbing to the pressures of the recession and filing for bankruptcy.
BearingPoint and Trump Entertainment may be the first of a frenzy of bankruptcy filings. See a list of some recognizable names of both public and private companies that could follow.
Gaming was the most active sector in Moody's Investors Service's August report on liquidity of speculative-grade companies, released Friday. The report reflects ratings changes and additions to Moody's liquidity watch during July, when the gaming business saw two downgrades and five newcomers to the list of companies with speculative-grade liquidity. ...
So much for that notion that gaming companies are recession-proof. We've seen particular gaming locales (see Atlantic City, N.J.) and particular owners (see Donald Trump) have bankruptcy issues, but not the industry as a whole. If 2008 has taught us one thing, however, it's that a struggling economy can reach every sector. ...
