From 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… Continue Reading
Previously, 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… Continue Reading
As 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… Continue Reading
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… Continue Reading
The 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.… Continue Reading