Casino operators mostly slip during 3rd quarter

01.10.2008, Lesen Sie hier den Bericht über «Casino operators mostly slip during 3rd quarter».

NEW YORK - Shares of casino operators mostly fell during the quarter as consumers increasingly tightened their spending in light of worsening economic and credit conditions.

Casino operators are struggling to keep an influx of customers as Americans contend with rising food and gas costs, the continued housing downturn and eroding credit. This potent mixture has led many U.S. residents to cut back on discretionary spending, leaving casino operators trying to find ways to lure them back. Diminishing credit has also made it harder for casino companies to follow through with development plans, with many abandoning or suspending projects.

For the period from July 1 to Sept. 29, Ameristar Casinos Inc. (nasdaq: ASCA - news - people ), which has been rumored to be a potential takeover target, was nearly flat.

Those that didn't fare as well include Trump Entertainment Resorts Inc. (nasdaq: TRMP - news - people ), which fell 40.3 percent and Pinnacle Entertainment Inc. (nyse: PNK - news - people ), down 34.4 percent. Earlier this month Pinnacle said two of its Louisiana properties suffered minimal damage from Hurricane Gustav, while its Lake Charles, La., casino and hotel incurred minor damage from Hurricane Ike. The company also dropped plans for a proposed $623.6 million casino resort and 500-room hotel in Wyandotte County, Kan., blaming "the current turmoil in the financial markets."

Shares of Las Vegas Sands Corp. (nyse: LVS - news - people ) declined 30.2 percent.

Über Glücksspiele Las Vegas - Gambling in Las Vegas:

Las Vegas liegt im Westen der USA im Bundesstaat Nevada und ist das Glücksspiel-Paradies von Amerika.

Las Vegas hat rund 100 Spielcasinos. Im Bundesstaat Nevada sind sogar über 300 Spielcasinos registriert. Die grössten Casinos sind das Bellagio, Caesars Palace, Venetian / Palazzo, Wynn / Encore, MGM Grand, Mandalay Bay.

Weitere bekannte Casinos sind das Mirage, frühere Heimat von Siegfried und Roy, das Luxor in Form einer Pyramide oder das Casino Rio All-Suite Hotel and Casino, in welchem jährlich die Pokerweltmeisterschaft (World Series of Poker WSOP) durchgeführt wird.

Die bekanntesten zwei Strassen sind der Las Vegas Boulevard, welcher auch als Las Vegas Strip bezeichnet wird. Daneben ist die Fremont Street eine gut besuchte Casino-Meile, wo beispielsweise das legendäre Casino Binion's (vormals Binion's Horseshoe) seine Spiele anbietet.

Las Vegas erstreckt sich über eine Fläche von 340 km2 und hat rund 650'000 Einwohner.

--- Ende Artikel / Pressemitteilung Casino operators mostly slip during 3rd quarter ---


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