Casino Death Watch List
Century Casinos, Inc. is listed on The Nasdaq Capital Market® (ticker symbol: CNTY).
Due to its incorporation in the US State of Delaware, Century Casinos is subject to Delaware's Corporate Law. For further information on Delaware's Corporate Law as well as Century Casinos' Certificate of Incorporation and Bylaws, please find the following links and documents:
The Luxor is one of the most exciting casinos in Las Vegas, but is unfortunately haunted by a number of deaths. Learn more about deaths at the Luxor. The World’s online gaming authority since 1995. Nick Christenson keeps a running tab of what casinos have closed, what they’ve become,and which casinos are on the chopping block next. You can read all about it at his Casino Death Watch site. You can also see the featured interview with himby the folks at Vegas Tripping.
The Deathwatch is a unique and specially trained Space Marine Chapter that dedicates its every hour to xenos hunting. Known as the Shield that Slays, they are the Chamber Militant of the Ordo Xenos, charged with protecting it in its search of information, containment, and ultimate destruction of all xeno species. The bank of slots I regularly play every Friday was deserted.I sued to have to stand in line to get a machine there on Friday afternoons. While I expected some downturn in business at all casinos in the state with the opening of the new Encore Boston Harbor, I did not expect to see what looked like a death watch at the normally lively casino. N1 Casino considers itself the ‘Number 1’ online gaming platform, and while Las Vegas Death Watch List that’s all fine and dandy, we think we’ll let Read more 98.22%.
Las Vegas Sun
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Code of Business Conduct & Ethics
Century Casinos' success in the international casino entertainment industry is built on our integrity and reputation. To build awareness of and protect these key assets, Century Casinos' Board of Directors has adopted the following Code of Business Conduct & Ethics.
Preamble
This is Nick Christenson's Las Vegas Casino Death Watch page. Herewe track the hotel/casinos that we feel are most likely to close their doorsin the near future.
This page focuses on the larger Las Vegas Strip and Downtown hotel/casino combination properties. We're not going to make quite the same effort to keep track of the locals places since unless their name has 'Station' or 'Coast' in it, they all look to us like they might close their doorsat any time. Of course, these days there aren't that many locals joints that don't have 'Station' or 'Coast' in their names. Also, these properties don't tend to have the same sort of history associated with them that the more familiar names do.
We also don't plan to expand the Death Watch to casinos outside of Las Vegas.We're not nearly as familiar with those places, and we can't get as much goodinformation about them. Besides, Las Vegas is still where the big expansionis, and where many of the major closings have been.
Please note that this is not intended to be some sort of insult to these properties, and we're definitely not trying to kick anyone whenthey're down. We're a big fan of the 'Old Vegas' style. We'd much ratherhave spent time at the Desert Inn then, say, New York-New York. We think of the properties listed below much like an aging relative or sick friend. We'll shed a tear when they're gone, but it may be time to take a dose of reality and come to terms with the fact that these places may not be around much longer, so we should enjoy them while they're still with us.
We also encourage folks to give business to these places. I never got a chance to visit the Dunes, the Landmark, the Sands, the Hacienda, or the Pioneer. While this isn't likely to rate very high on my list oflife's big disappointments, if I had an opportunity to see these places in their prime, I'd certainly want to do so. This list is designed to help folks appreciate historic Las Vegas locations before they're gone.
Finally, this information is compiled by us and represents only our opinions.There are no good reasons to think that our predictions here mean anything.We have no 'inside information', and compile this list only from what we hearfrom folks we meet and articles we read. This information is likely to be wildly inaccurate, so take that as you will.
For those of you interested in Las Vegas casinoownership information, We've created a page to track that information.Fans of the Death Watch may want to check it out. Several people have askedfor information on who owns what property, whether they're publicly tradable or not, and what their stock ticker symbol is. All this information is available on the new page.
Current State of the Business
It's no secret that things are tough now in Las Vegas. Many constructionprojects were started when things looked rosy that aren't so appealing now.Casino companies, namely Harrah's and Stations, went private at the absolutepeak of the market and are now having big problems servicing their debt.New casinos or expansions occurred that are now having problems making their monthly nut.
Despite this, we do not expect a lot of closings in the nextfew months or years. Casinos close when someone wants to build somethingnew and exciting in their places. That's not the case now. Even in adown market, the run rate of these casinos is usually positive.
Las Vegas Casino Death Watch List
The problem is that the companies that financed these casinos can't make enough off of them to service their loans. This means that therewill be a lot of refinancing debt, a bunch of Chapter 11s, but fewplaces will close. If places do close outright, it will probably be the lower end places.