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Gambling Bug Props Hilton18 November 2002U.K. – As reported by the Guardian: ``A fascination with gambling is helping to offset the continued aversion to travelling at Hilton Group. ``While the company's hotels are still suffering from cuts in corporate spending and an absence of US visitors, Hilton is being propped up by powerful gaming revenue. ``…Although Hilton's hotels are struggling to persuade guests to pay top rates for their rooms, the group is having no difficulties parting the punter from his petty cash. ``…Hilton is making no secret of the difficulties being faced in the hotels business where poor performances in Germany and Scandinavia were a particular disappointment. ``However, it has balanced its hotel portfolio to the extent that while it underperforms in a downturn, the portfolio will reap significant benefits during an economic recovery…" |