The previews to this show sure do look interesting. Circus has had its estimates and ratings severely cut by no less than five major brokerage houses the past few weeks. The concern with Circus is their plans for development on the southern end of the Las Vegas strip. Bulls, on the other hand, see a blue chip gaming company that is buying back its stock while gearing up to dominate the largest gaming market anywhere. This is almost the polar opposite of what Trump announced they are doing this week.
Leverage can be good or bad, but the one certainty is it speeds success or failure up.
There was more news out of Louisiana this week. Harrah's cited the lack of the Louisiana legislature to pass an amended land-based casino operating contract as the main reason for its strategic move. To make a long and complicated story short, it's looking less and less likely that Harrah's Jazz in New Orleans is going to ever reopen under the Harrah's banner. This caused a rather precipitous drop in Colorado Gaming's shares on Friday. Colorado Gaming operates the Bullwhackers and Silver Hawk casinos in Blackhawk and Central City, Colorado.