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Old 12-01-2008, 11:31 AM
 
Location: Las Vegas, Nevada
12,686 posts, read 36,365,413 times
Reputation: 5520
Quote:
Originally Posted by ComeBack_Kid View Post
The casinos are NOT GOING BANKRUPT; Profits are just smaller than they would like! Fact: MGM profits this past quarter were more than $60 million, which is down from their profit last year, but they are NOT going bankrupt; they are laying off and cutting back to keep profits up; the same with STATION casinos, Las Vegas' largest employer; profits are down, but they are not in the red; no bailout is needed
That's something you don't hear. They aren't losing money on the take, they just aren't winning as much as usual. But it's the stock they're worried about. If casinos were still privately owned they wouldn't be worried so much.

 
Old 12-01-2008, 12:25 PM
 
Location: Las Vegas, Nevada
12,686 posts, read 36,365,413 times
Reputation: 5520
Default A Generation of Local TV Anchors is Signing Off (and not by choice)

The economy is having an effect on local TV stations' news departments. Personally, I hated it when news took over local TV, and I'd still like to see them get back to being an entertainment medium.


http://www.nytimes.com/2008/12/01/bu...ewanted=1&_r=1
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