Herbst Gaming
Good News: Herbst Gaming loses its casinos
Wednesday, March 11th, 2009From this news article: Herbst Gaming, which has spent the past year seeking a financial restructuring plan for its $847 million in debt, announced an agreement Tuesday with its bondholders in which the company will lose ownership of its 15 casinos in Nevada, Iowa and Missouri, but retain control of its Nevada slot routes. As [...]
Bear Praise: Lucky’s sportsbook revisited
Wednesday, October 15th, 2008Previously, I wrote: … Hopefully the new ownership will get rid of the twin failures, casino manager Navegante Group and sportsbook failure Lucky’s Race and Sports Book. Lucky’s is not even in the same league with the former independent book that was at Grand Sierra. Apparently undercapitalized and definitely paranoid, Lucky’s is an embarrassment. I [...]
The Bear Growls: RIP Reno Siena — It has downgraded itself to a low-level grind joint
Friday, June 13th, 2008As reported in the June issue of Current Blackjack News, Siena has lowered its table max to only $300. A pit employee recently told an inquiring patron, “Management doesn’t want anything but small action anymore.” There is now a laughable $3 minimum, $200 max double deck where on a recent visit, most patrons were [...]
The Bear Growls: Herbst Gaming in financial trouble — well-deserved
Friday, February 29th, 2008According to this article, Las Vegas-based Herbst Gaming, which significantly grew its statewide casino business through two high-profile acquisitions in 2007, said the alternatives could include a recapitalization, refinancing, restructuring or reorganization of the company’s debt, or a sale of some or all of its businesses. Well, well, well. The greedy parasites who operate terrible [...]
Terrible’s Casino lies about a promotion — again
Tuesday, March 6th, 2007The Bear Growls: Terrible’s Casino lies about a promotion — again December 22, 2003 Terrible’s Casino in Las Vegas recently advertised a promotion for a Saturday evening from 6 PM to midnight, during which time suited blackjacks would pay 3-1. Terrible’s personnel were telling the public the day before the promotion that it would not [...]