Benzinga recently had the chance to sit down with Rick Carter, the co-founder of the Island View Casino Resort in Gulfport, Mississippi, and Island View CFO John Bakley, who also formerly served as the senior director of finance at Isle of Capri Casinos ISLE 0.6%. U.S. regional casino operators have had an outstanding 2015 up to this point, but Benzinga asked the two industry execs for their take on several major potential threats to the industry.
Spending
The spending habits of Las Vegas Sands Corp. LVS 1.24%, MGM Resorts International MGM 1.51% and Caesars Entertainment Corp CZR 1.28% prior to the Financial Crisis pushed all three companies to the brink of bankruptcy. Benzinga asked Bakley if he sees any cause for concern in the recent industry capex trends.
“I haven’t seen anything close to what was happening in 2006 and 2007,” he said. Bakley added that expansion, particularly in the Las Vegas Strip, has tended to come in bursts in recent decades.
Although certain companies have fallen by the wayside, expansion has generally paid off for most companies in the long run.
Cheating
The movie “21” starring Kevin Spacey drew…
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