Wednesday, November 19, 2008

Crippled Industry: Imperial Casino Hotel Filed Bankruptcy

Imperial Casino Hotel located in a place called Cripple Creek, Colorado has filed for bankruptcy.

If you've followed along this blog you will note the lack of surprise that a business that depends on hotel stays, people throwing away money, and located out of the way would file for bankruptcy or perform a layoff. Casino styled companies typically belong in the strife index, but this index has not been avoiding the economic wave well.

Related:
You've Got to Know When to Fold Them: Ameristar Layoffs
Now That's Logical: CryptoLogic cuts dividend
Holes in the Vice Index = Strife?

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