Las Vegas Casino Stock Drops With News Of Former NBA Players
Good For Business? Some of the biggest stocks in the US casino industry took a hit on Tuesday after the news regarding former NBA players Charles Barkley and Antoine Walker. The two players have run up gambling debt and been sued by several casinos.
Now that the two players are no longer free to gamble in the Vegas casinos, investors pulled back. Stocks dropped by as much as forty-two percent. Las Vegas Sands stock, who has already been among the hardest hit by the economy, dropped twelve percent. They issued this statement on Thursday.
"In light of the fact that two of our biggest high rollers can no longer step foot inside of our Las Vegas casino, we understood that investors would become weary. We pledge that even though we have lost two big fish, we are in the process of recruiting other high rollers."
Among the names Sands is reportedly going after are Michael Phelps, LeBron James, and Coolio. We here at Craps Online could not receive any confirmation that Coolio was actually approached, and we may have actually just thrown him in there erroneously.
The other two would be great additions to the Las Vegas scene. LeBron James is used to failure at this point in his career, so he should be able to handle the pressures that come along with mounting gambling debt.
As for Phelps, this would be a move strictly made to keep the hookers happy. Phelps would not be gambling much on the tables, and would be used mainly to supply drugs to the prostitutes.
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