pinnacle sells stake in asca 1.2 million shares . they never had the money to take it over. penn or somebody private could to the deal. that whythe stock has been flat. just trying to digest 1.2 million shares that like three days of trading
the reason june 2009 was so bad because you had over 130 billion in stimulus checks from may to july 1 2008 so there no way you can compare june 2008 to june 2009 a lot of that money went for entertainment in june 2008 with the cut management made in 2008 eps will be greater in 2009 but revenue will be down i would like to see both of them up . but i would always take eps over revenue
june was a poor month for asca but there three month in a quarter . april may were good and july is looking better. if you add april may and june for st louis kc council bluff east chicago 249.45 million jan feb march was 254. million for st louis kc council east chicago if vickburg can do 38 jackpot 12 and black hawk 20 for april may and june will still have 320 million plus food and hotels and other minus prom and sales , still looking for 44 cents this 2 quarter
The reduced staff may be saving Ameristar some money but the traffic in the casino is definitely slowing. They have been taking out quite a few machines in EC and still it isnt hard to find one to play during peak times. And it isnt hard to find an available room except for Saturday nights.
It will be interesting to see their numbers when they come out...
blackhawk on a sat night was light, plenty of machines empty,they have the worst comps compared to other casino in blackhawk and central city, and the people there know it and they all spread the news, we heard from the bus driver to avoid ASCA and play easy street or rivera for best comps, we went to ASCA to park and see the building which is nice but we played elsewwhere.