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Monday, September 8, 2014

Caesars: Wait for the IMPLOSION!


Caesars [formerly Harrah's] salivated to invade the Massachusetts market at Suffolk Downs, defeated by NEIGHBORHOOD VOTERS only to walk off in a snit and file a lawsuit that Massachusetts' taxpayers will defend.





Clark Schultz, SA News Editor

  • Trump Entertainment plans to file a Chapter 11 bankruptcy, according to Bloomberg.
  • Atlantic City has seen three casinos shut their days already this year as online gambling ventures have failed to make up for diminished traffic.
  • The Trump development comes on the same day that New Jersey Governor Chris Christie announced that racetracks and casinos in the state offering sports betting won't face prosecution.
  • Related stocks: BYD, CZR, MGM.
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