One needs to listen to the meassage the 90% occupancy is WEEKEND ONLY when u look at all the other data points are based upon a 24/7 operation. Strange how words can make a big difference. My guess occupancy is lesss the 45% basedd upon a 7 day week, and almost of of those are comped rooms
Miss on their paycheck????is this what we paying for?? A equity eroder , reverse shareholder alue, he the only one gaienoing and must go,, to the farm the horses calling, bought old used tired casinos,fire him,lets get wynn
To be fair to management...I bet less than 1% of the people who gamble at Rising Star get a room there...
Even so, it is distressing to see an asset that they seemingly purchased at the right price dip into the red. Surely, weather played a factor...but still, this is a casino!
I really think the "glory days" of casinos in the USA is long gone. There are simply too many of them. How many casinos are in the midwest vs. 15 years ago? Chicago has them, Detroit has them, Ohio has them, Indiana, and MO has them...then there are Indian casinos sprinkled all over the place.
So that makes me question the wisdom of investing in "Keeneland". Will it be profitable? Maybe? Probably?
Will it be profitable ENOUGH to overcome the dilution of the new equity raised for it? Almost certainly not...
They boasted about their 90% occupancy of the hotel at Rising Star with the hotel expansion-- and Rising Star lost money this quarter!! Something is not right there--- if that is the case then nobody is gambling at the casino that is not a hotel guest. It was a long cold winter-- but I think that people are choosing to drive to Cincinnati despite the bad weather to gamble there and not at Rising Star. (ouch!)
There was NO mention of the shelf registration to sell more stock in the conference call.
I am going to guess that IF it is executed, it will be to fund "Keeneland" racino in Kentucky.
Again, I've got to call into question the wisdom of selling more stock at the prices.
Oh yeah, almost forgot, operating result were TERRIBLE. Question is how much blame should the weather take?
We will see!
Stupid purchase of old run down casinos,,with senior citizen mgt. Taking over one million dollars a year...this bad mgt. At oits worst,,what would ichan say of this team,,,even a cooupe of mules could do better,,6 year s of buiding share holder value and we got lower stock price,,its like a goodwill company run by the salvation army,dressed like pows,,,lots of luck, i think setup questions with the 2 analysts who probably talk all the time,,need to check telephone records
Management in place,,,or do they noo loikr mgt.i would nt ike mgt either,,just take million dollar salary,,we bee robbed
by josejosb • Oct 5, 2010 10:38 AM Flag
.Full house out foxes pritzker family in business deal ,,,,,it like the mouse that ate the elephant,,,only 100000 years to happen
RISING SUN BUSY OVER WEEKEND
by josejosb • Mar 20, 2011 6:47 PM Flag
Looks like it is a better deal then first thought at this price,,should add to ebita very well, now if we can only get miller to run the 2 and 1/2 casinos all would go well
Mr. andre is lostin our payroll,,hire more woman.eat more chicken and sell fll before the next chapter,,ef so good how come mgt.. No buy any , thats the hole story,,, except for laco and nyny,,and bcci
Remember when he told us how great the Grand Victoria purchase was and how they would be able to handle competition? Maybe the company should hire him so he can tell them what he approves of so they do the opposite. Remember when a few of us urged everyone to sell at 4.75 and Jose said to buy? TRAIN WRECK JOSE STOCK
Are a complete disaster,,you need to trade places with one of the secretaries,,then we have achance,,,or hire mickey mouse they wold drawer a crowd,,no come see you,,,time and dates on properties mr. Geniesus
Great mgt.skills,,is this shareholer value,i know you ave turned the corner and will get beter,,oh what a sad joke you are,,excpt that you keep taking million dollar pay when you should be at occocca on dollar,,saveig my oney to come to sharholdrs meeting to vote against you too,,enough is enough leave, we can do better with no ceo,,1.25 here we comes
Big Ben the man of knowledge. When will this start trading again? No garbage just a approx. date.
Shareholder value you hae caused us to loose,,payback 50% of your salary like you cost us,,,,you been bad boy go t corner and muck the stables,,wise old old man you and the horses,,i want time and dates you were at silver slipper and indiianna looser casino, old slots dirty carpet,