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Dec. 12, 2006
Private Equity Betting on the Casino Industry Isn't Likely to End Soon
COLUMN - By Rick Kennedy - If you like cash - and who doesn't? - the casino business is an attractive field to go into.
Column
By Rick Kennedy
If you like cash - and who doesn't? - the casino business is an attractive field to go into.
It's hard to argue with the business model of reverse ATMs, also known as slot machines. That's why private equity funds, which specialize in liberating the companies they buy of the burden of excess cash, just can't get enough of gaming companies these days.
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