US Financial Instability Could Mean Trouble for Casinos
As you all are well aware, the US financial markets are in turmoil. Liquid capital is hard to come by, and everyone who needs to borrow is feeling the pinch hard. Casinos are of course, not immune to this, and in some ways, they are even more susceptible as they need to borrow big sums to make the ever more intense construction projects.
Here's a little bit more on the subject from Business Week. We sure hope that the markets will stabilize, and that our home grown casinos will continue to be strong, and not lose any more ground than they already are to the other casino giants in the world.
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Posted by Russell Miner at September 23, 2008 10:19 AM
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