Monday, January 31, 2011

Nevada's Casino and Banking News

Largest Nev. casinos lose $3.4B during fiscal 2010

Nevada's 256 largest casinos lose $3.4B during fiscal 2010, compared with $6.8B previous year

Bank of Nevada owner says loss narrowed in fourth quarter

Regional bank operator Western Alliance Bancorporation, owner of Bank of Nevada, today said its fourth quarter loss narrowed as loan losses declined.

Casinos burned by gamblers who skip out on markers

Such is the challenge in a city that regularly extends credit to its biggest gamblers: Getting them to make good on their IOUs when they lose.

Bank of America fights judge's order halting 8,900 Nevada foreclosures

Bank of America is aggressively moving to appeal a Nevada county judge's order halting more than 8,900 foreclosures.

I hope I'm not being too obtuse by mixing the casino and banking news together like that.

The Shawshank Redemption (1994) - Memorable Quote

Andy Dufresne: How can you be so obtuse?
Warden Samuel Norton: What? What did you call me?
Andy Dufresne: Obtuse. Is it deliberate?

4 comments:

GawainsGhost said...

Ha ha ha. Here's another link.

http://profootballtalk.nbcsports.com/2011/01/30/for-vegas-casinos-nfl-work-stoppage-would-be-devastating/

Assuming a protracted lockout, casinos stand to lose a whole lot of money, because no one is going to gamble on football games that are not played.

getyourselfconnected said...

You can have my answer now senator. My offer is this; nothing!

Stagflationary Mark said...

GawainsGhost,

From your link...

"It would be devastating to the entire industry."

If we don't gamble for ourselves, then we should at least gamble on behalf of our grandchildren!

Some might disagree of course.

I believe in making the world safe for our children, but not our children's children, because I don't think children should be having sex. - Jack Handey

Stagflationary Mark said...

GYSC,

Not even the fee for the gaming license, which I would appreciate if you would put up personally?