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Online Casino News for Monday - April 5, 2004
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| Online Casino News |
Trump Hotels Short on Luck, and Cash, Auditors Caution - 2004-04-05 Casino mogul Donald Trump may have the last word with his television apprentices, but his auditors claim Trump's casino business will be in deep ruin without a cash infusion -- which would leave him with a minority holding in the company.
The caution hit the shares of Trump Hotels & Casinos Resorts, which fell over 12 percent in Wednesday morning trading. Read the full story at Hotel News Resource |
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Money supervisors discover virtue in vice - 2004-04-05 Whether the economy is riding high or sinking, chances are good that someone, somewhere, is bellying up to a bar, lighting a cigarette or testing their fortune at a slot machine.
But it's hard to resist steady returns in a volatile market. Even funds with broader mandates have made vice sector bets: FBR Small Cap, which has roughly a third of its assets in casino equipment stocks, enjoyed successful returns last year as more municipalities went after revenue growth through riverboat gambling. Read the full story at Daily Bulletin |
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