2 posts tagged with recession by Joe Beese.
Displaying 1 through 2 of 2.
It's scary out there. It can make you just want to hide.
posted by Joe Beese
on Mar 19, 2009 -
75 comments
Trump Entertainment is about to run out of the third extension of its debt payments. Station Casinos is offering its investors as little as 10 cents on the dollar in a pre-packaged bankruptcy. Wynn Resorts is cutting staff hours and bonuses to avoid layoffs. MGM Mirage may see a default rate of 30% on its City Center condominiums. Harrah's long-term debt has doubled. There are no more traffic jams on the Strip. Oh... and the Borgata Hotel in Atlantic City had to settle a $70 million sexual harassment lawsuit brought by its beverage servers. In short: times are tough.
posted by Joe Beese
on Feb 9, 2009 -
61 comments
