🖐 At Riverboat Casinos, Free Drinks Come With a Tragic Hidden Toll - WSJ

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Ed Fishman already has hit the jackpot from the sudden surge in riverboat casino stocks--many of which, like Players, have surged in the last year. Riverboat gambling indeed has come alive--and quickly. He is a native of Seoul, Korea, and graduated from the University of Chicago.{/INSERTKEYS}{/PARAGRAPH} Don Lee. Players is also in the hunt for a casino license from Indiana, the latest state to approve riverboat gaming. Times News Platforms. Players can hardly ignore, for example, what happened to one small competitor, Iowa-based President Riverboat Casinos. Since then, the Fishmans have been on a hot streak. Since then, five more states hungry for tax revenues have approved riverboat casinos. Even so, the Fishmans say the club taught them what gamblers want. {PARAGRAPH}{INSERTKEYS}For eight years, the Fishman brothers of Calabasas struggled to sell memberships in Players Club, a sort of discount travel service for medium-stakes gamblers. Like Griffin--who created Wheel of Fortune and Jeopardy--the Fishmans started out in television game shows. Times Store. It was only in April, , that the first riverboat gambling in decades commenced on the Mississippi River in Iowa. For example, Kentucky--feeling pressure from nearby riverboat gambling in Indiana--may allow casino gambling at race tracks. Follow Us. Even with actor Telly Savalas pitching the club on late-night television commercials, the Fishmans and their company, Players International Inc. Facebook Twitter Show more sharing options Share Close extra sharing options. To bolster its fortunes, Players signed an option late last month that will allow it to build a casino in Paducah, if Kentucky legalizes casino gambling. Don Lee covers the U. And the track in Paducah, Ky. About 20 are operating, a number likely to double in a year. Brand Publishing. But now their luck seems to have changed. And the speed of change is picking up. He and his brother still own Griffin, the former singer and talk-show host, said he met the Fishmans in , when they were organizing a blackjack tournament at his Resorts International casino in Atlantic City. Hot Property. In February, Players teamed up with Merv Griffin to launch a riverboat casino in Metropolis, a town of 6, at the southern tip of Illinois. Nelson Rose, a law professor at Whittier Law School who has written books and lectured on the gambling industry. Players plans to open its second riverboat casino, in Lake Charles, La. Louis, Ill. In Louisiana, its closest competitor will be a two-hour drive away--about the maximum distance experts say gamblers will travel to visit a riverboat casino. Players turned its first profit in , when club membership reached , But with the recession and increased competition in gambling, hotels began marketing discounts directly. About Us. In Metropolis, its nearest rival riverboat is about three hours away, at East St. Since joining the Los Angeles Times in , he has served as the Shanghai bureau chief and in various editing and reporting roles in California.