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Cardroom Owner Worries About Tribal of Casino Plan

WASHINGTON – As reported by the Oregonian: " George Teeny admits he's nervous. Who wouldn't be?

"Today, his two La Center, Wash., cardrooms, the New Phoenix and the Last Frontier, are among the most profitable in Washington state.

"Tomorrow, he could be out of business.

"On Teeny's horizon is a full-service casino that the Cowlitz Tribe may build on 151.8 acres at La Center Junction on Interstate 5.

"…Teeny and others fear that the lure of spinning roulette wheels and slot machines would steal a lethal amount of business from the cardrooms. Despite efforts by Washington cardroom owners to change the law, cardrooms are severely limited by the state as to what games they can provide compared with tribal casinos.

"…Daniel Davila, senior gambling analyst for Sterne, Agee & Leach, a brokerage firm with offices in New Orleans, agrees that Teeny has reason for a case of nerves.

"…Teeny employs 422 people in 45 positions in his casinos. He speaks proudly of voluminous instruction manuals that cover nearly every aspect of casino business, and of the management structure he has devised…"

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