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Non-Tech : Lake City Gaming: LCG-V -- Ignore unavailable to you. Want to Upgrade?


To: K. Anders who wrote (91)3/19/1999 5:02:00 PM
From: David Michaud  Read Replies (1) | Respond to of 124
 
The stock has been hampered a little of late by the scandal which hit the B.C. government regarding the approval of a casino licence (completely unrelated to any of LCG's casinos). Investors fear that a review of the approval process could delay the implementation of future growth initiatives by the company. Never-the-less, LCG's new expanded Kelowna casino is expected to open in May (tentatively scheduled for the 23rd). The next quarterly report is not due our until late April/early May (Q3). We expect that it will be another record quarter as tourist traffic is already starting to pick up at each of the company's casinos. We remain confident in our $7.50 target for 1999.
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