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Revision History For: Casino Resource (CSNR--Nasdaq NMS)

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Return to Casino Resource (CSNR--Nasdaq NMS)

Anyone looking for a good turnaround story in progress may want to take a good look at this one. CSNR is in the process of acquiring the Palace Casino in Biloxi out of bankruptcy. The Palace should benefit from a renewed interest in gaming on the Miss. Gulf Coast. The reason they went bankrupt was poor management and lack of cash. New mgt team could make this one a winner. CSNR along with Harrahs, is developing an Indian casino about an hour-and-a-half from Chicago. When it opens, it could drop some major earnings to CSNR's bottom line. Their largest shareholder is none other than Kevin Kean, who was Grand Casinos' partner in both of GND's Louisiana Indian casinos. At $ 1 5/8, its worth a look.