Word: herbst
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Dates: during 2010-2019
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...over the past two years, as the crippling recession, the pullback in business travel, frozen credit markets, the decline in consumer spending and even President Obama's "anti-Las Vegas" comments took a hefty toll on casino companies. Gaming revenue plummeted and a flurry of companies, such as Herbst Gaming, Trump Entertainment and Station Casinos, filed for Chapter 11 bankruptcy protection. Stocks nose-dived, with major names losing more than 85% of their value from their October 2007 peak...