Because the dividend was cut by 33% last quarter. They are about to breach debt covenants in the first half of this year. Huge new competion from a giant new casino in Maryland and others in that state and other surrounding states. They will have a difficult comparison in quarter four of 2012 because of the competition and the fact that two important race dates at the nascar track fell in the fourth quarter last year and third quarter this year. Very possible the dividend will be cut again or eliminated.
Sentiment: Sell