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About The Bear

LV Bear is a longtime advantage player based in Las Vegas with extensive knowledge of the gaming industry.

The comments were originally made in the free BJ21.com newsletter and/or the Green Chip member pages. Some of the comments were also published in the bjinsider.com newsletter.

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The Bear Growls: Herbst Gaming in financial trouble — well-deserved

By LVBear | February 29, 2008

Terrible's is terrible

According 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 casinos that truly live down to their names are struggling. I rarely wish bad things on people, but the Herbst family has prospered by ripping off the public with casinos that offer awful games, incompetent management, surly employees, and other indignities such as repeatedly lying about and welching on promotions at their little Las Vegas casino, the aptly-named Terrible’s. A prime example of the insatiable greed of these people is how they presently operate the three Primm casinos they recently acquired. At the time, it was thought by many that those casinos couldn’t get any worse than they were under previous ownership. But, surprise — the greedy Herbst brothers made them even worse. Knowing they have a captive clientèle of gambling addicts passing through Primm, the Herbsts converted even the few double deck blackjack games to the garbage 6 to 5 payoff. This is taking advantage of the suckers to a ridiculous degree.

Shame on the Herbsts. I am glad they are in financial trouble. May they go broke.

Topics: Herbst Gaming, Las Vegas, Primm, Terrible's | 2 Comments »

2 Responses to “The Bear Growls: Herbst Gaming in financial trouble — well-deserved”

  1. devious357 Says:
    April 6th, 2008 at 3:51 pm

    To hell with them they fuck the people that work for them NO RAISE IN 7 YEARS that GM is a joke and so is his son

  2. Good News: Herbst Gaming loses its casinos | The Bear Growls Says:
    March 11th, 2009 at 11:31 am

    [...] I have previously growled, the Herbst brothers were particularly rapacious in the manner in which they operated their dumpy [...]

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