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GLG News by Online Gaming Experts

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August 18, 2008
Its all in the economy
Analysis of: STATION CASINOS REPORT A 2Q FALL IN REVENUE | www.lasvegassun.com
Author: GLG Expert Contributor
For years it was believed that gaming companies were immune to the ravages of the economy and in the past they had been, but not now.  Stations problems stem from a weak economy, high gas prices, lower housing and stock prices, nothing else.
August 7, 2008
Where is the substance?
Analysis of: Obama: 1 million plug-in hybrid vehicles by 2015 | www.autobloggreen.com
Author: GLG Expert Contributor
Is he saying anything that provides real substance?
July 17, 2008
Tribal Casino Sovereignty Challenged
Analysis of: Gambling and the Law: Court Rules Tribal Casino is Merely a Casino | www.eog.com
Author: GLG Expert Contributor
The US Court of Appeals ruled that tribal casinos are not exempt from labor laws
July 8, 2008
Caesars Windsor's $430 millon addition/remodel is nice, but is it going to revitalize this opperation?
Analysis of: Caesars Windsor impresses patrons | www.canada.com
Author: GLG Expert Contributor
Can this “new” facility attract enough incremental play and visitation to justify the cost?  With high gas prices, increase border security, an overall weak economy and a weak dollar, how many Americans will make the trip on a regular basis?
July 7, 2008
Good News for Penn Gaming -- in the Long Run
Analysis of: Penn National Gaming Cancels Its Sale to Private Equity Firms | www.nytimes.com
Author: GLG Expert Contributor
The buyers' willingness to pay a $225 million kill fee and an interest free loan of $1.25 billion shows that things are as bad as they seem -- not for gaming, but for banks.  Penn Gaming gets an enormous influx of cash, making it even more attractive for future buyouts. ...
July 4, 2008
How will Michigan casinos be effected by smoking ban?
Analysis of: Illinois smoking ban sends casino revenues down | www.detnews.com
Author: GLG Expert Contributor
Smoking and gaming go hand in hand.
July 3, 2008
Smoking Ban May Not Hurt Michigan Casinos
Analysis of: Illinois smoking ban sends casino revenues down | www.detnews.com
Author: GLG Expert Contributor
In every case I am aware of, banning smoking has led directly to a decrease in gaming revenue, Michigan may not continue this trend. 
June 24, 2008
What is Harrah's Going To Do?
Analysis of: US CREDIT-Harrah's risky as capex continues in weak economy | www.reuters.com
Author: GLG Expert Contributor
Harrah's went form having a strong balance sheet to having a very weak one.
June 19, 2008
Improving Chances from None to Slim
Analysis of: DHL Deal Could Be Boon For Casino Supporters | www.wlwt.com
Author: GLG Expert Contributor
Lyle Berman, head of Lakes Entertainment (LACO), is running a smart campaign to get voters to approve a monopoly casino for Ohio.  History is against him.  But the economic downturn is a major boost, and the timing of the area's largest employer leaving could not be better.
May 30, 2008
The Penn Gaming Buyout Will Go Through
Analysis of: Buyout of Penn National May Involve Revised Terms | www.nytimes.com
Author: GLG Expert Contributor
Besides the short-term financials, there are good reasons for the deal to be completed.  One item that has not been mentioned in the news coverage is that gaming regulators hate being misled, and the gaming industry is fairly small.  If Fortress or its banks back out completely, they...

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