[MicroBob]

I want to clarify again that I don't know whether or not this company is profitable or is a good investment or not.
Just pointing out that Kramer really seemed to be misrepresenting them on this one.


Also - I'm remembering living in Hattiesburg in 1996 and occasionally heading to Gulfport and a couple other casinos down there.
There was a Hollywood casino that I think was in Bay St. Louis, MS at the time. It was exactly like the current Hollywood casino in Tunica. Don't know if Penn owned it back in 1996....but it was the worst-run and emptyest casino I have ever been in.
It was a stupid place to put a casino...and I think they might have just closed up shop shortly thereafter.


I don't think it is THAT hard to make money in the casino industry.
Set up a bunch of -EV games and take your customers' money.
But my experience with them is that their casinos are not that well-run and that the management that is employed there is grossly incompetent.

Even that doesn't mean that this group can't be profitable. They probably are.
But I would just be skeptical of an organization that seems to have so much obvious incompetence within their ranks.