12.17.2008 12:20 pm

Casino industry won’t recover until 2010 says Fitch

St. Louis Post-Dispatch

Fitch Ratings expects that the gaming industry, slammed by the credit crunch and consumers cutting back on discretionary spending, will not recover until 2010.

“The gaming industry experienced a greater impact from the difficult financial conditions for consumers in 2008 than many investors…

Tags: Ameristar, Casino Queen, Casinos, credit crunch, economy, gambling, Harrah's, Isle of Capri, Lumiere, Pinnacle

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05.07.2008 9:34 am

Lumiere posts small loss in Q1

By Tim Logan

St. Louis Post-Dispatch

The new Lumiere Place casino complex downtown posted a small loss in its first full quarter of operation, owner Pinnacle Entertainment reported this morning.

Thanks largely to marketing and staffing expenses associated with its opening, the property lost $760,000, on $47.2…

Tags: earnings, Lumiere, Pinnacle

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