Categories
· Smokefree Policies
· Casinos/Gambling
USA, by State
· Louisiana
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Jump to full article: The Wall Street Journal Interactive Edition, 2009-06-03
Author: Shara Tibken Of DOW JONES NEWSWIRES
Intro: Shares of casino operator Pinnacle Entertainment Inc. (PNK) jumped as much as 14% Wednesday, a day after the Louisiana legislature overwhelmingly rejected a bill to expand the state's smoking ban to include bars and casinos.
Pinnacle has a significant amount of its operations in Louisiana, and analysts have expressed concerns that a smoking ban in casinos could weigh on Pinnacle's results.
"If you have three hours to gamble, and you spend half an hour outside smoking, it's less time on the device, so you don't lose as much money gambling," Janney Montgomery Scott analyst Brian McGill told Dow Jones Newswires, adding that other people who have to go outside to smoke will end up just leaving the casino.
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