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Century Casinos Shareholders Running for Cover
NEW YORK --
USA casinos are feeling the effects of a slumping economy, as consumer confidence falls sharply across North America. People are not spending their discretionary income as aggressively, making the casino industry feel like an afterthought.
In the news today, Century Casinos (Nasdaq: CNTY), says they will release 2nd quarter earnings this Monday at 9:30 AM Eastern Time. Investors holding shares are going to spend the weekend contemplating whether or not to BUY more or SELL. Either way, its going to be a long-weekend for these folks.
On Monday, Participants should call-in to the meeting 15 minutes early. US callers should use 1-800-894-5910, all other international participants please use +1-785-424-1052 to dial in. The conference ID is "Quarter2". To just follow the call, or a recording of the call, please visit the Century Casinos, Inc. website.
In 2008, Century Casinos share-price has been in free-fall mode, as a weakening dollar, lame-duck Congress, and uncertain US presidential race continue to worry market speculators.
In addition to poor profitability, land-based casinos have been criticized for their huge lobbying efforts in Washington, D.C., a measure that subsequently denied online gambling legalization and regulation. The only way for these mega-casinos to stay-above-water is to continue protectionist policies in which casinos are protected from outside competition, a direct violation of World Trade Organization accords.
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