{"id":935,"date":"2008-03-05T17:34:00","date_gmt":"2008-03-06T01:34:00","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/blogs\/dmckee\/index.cfm\/2008\/3\/5\/Sin-Fund-hits-the-skids"},"modified":"2022-04-12T06:12:00","modified_gmt":"2022-04-12T14:12:00","slug":"sin-fund-falls-upon-evil-days","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/sin-fund-falls-upon-evil-days\/","title":{"rendered":"&apos;Sin Fund&apos; falls upon evil days"},"content":{"rendered":"<p>Not so long ago, journalists <a href=\"http:\/\/www.lvbusinesspress.com\/articles\/2006\/07\/10\/news\/news07.txt\">like yours truly<\/a>, were hailing the early success of the <b>Ladenburg Thalmann Gaming &amp; Casino Investment Fund<\/b> (GACFX). Unfortunately, since its apogee in the fall of last year GACFX has been <a href=\"http:\/\/finance.yahoo.com\/q\/bc?s=GACFX&amp;t=6m\" class=\"broken_link\">in a steep decline<\/a>, losing roughly a third of its peak value.<\/p>\n<p>As one observer commented, upon bringing this to the attention of <i>S&amp;G<\/i>, &#8220;[It] makes money placed in a piggy bank look like a good investment!&#8221;<\/p>\n<p><b>Your Columbia Sussex moment of Zen:<\/b> An <i>LVA<\/i> reader writes, &#8220;I understand that the <a href=\"http:\/\/www.columbiasussex.com\/cscdetail.lasso?property=878\" class=\"broken_link\">River Palms<\/a>, <a href=\"http:\/\/www.columbiasussex.com\/cscdetail.lasso?property=8135\" class=\"broken_link\">Tropicana Express<\/a> in <b>Laughlin<\/b> are now owned by the <b>Columbia Sussex <\/b>Corp. I visit these hotels regularly and have noticed that they are slipping in quality. By that I mean the maintenance, i.e. carpets are worn, rooms need remodeling, buildings need paint, and buffets at both Laughlin properties have declined dramatically.&#8221;<\/p>\n<p>Hmmmm &#8230; sounds an awful lot like my last visit to the <a href=\"http:\/\/www.columbiasussex.com\/cscdetail.lasso?property=8136\" class=\"broken_link\">Tropicana Las Vegas<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Not so long ago, journalists like yours truly, were hailing the early success of the Ladenburg Thalmann Gaming &amp; Casino Investment Fund (GACFX). Unfortunately, since its apogee in the fall of last year GACFX has been in a steep decline, &hellip; <a href=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/sin-fund-falls-upon-evil-days\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[15,28,49],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/935"}],"collection":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/comments?post=935"}],"version-history":[{"count":1,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/935\/revisions"}],"predecessor-version":[{"id":31012,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/935\/revisions\/31012"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}