SunCruz Chief Discusses Risk in the Casino Business

Oceans Casino Cruises Chairman Robert Weisberg has had plenty of experience in the world of business, mostly in the banking arena. He's new to the gambling biz, but not to the area. Weisberg has been coming here for years on vacation and on golf outings.

These days, though, Weisberg and partner Spiros Naos own about half of the Little River waterfront, where the gaming boat docks, through Highland Park Real Estate Development Corp. In July, Weisberg's company spent $4.5 million to buy the property where the SunCruz office and parking is located.

Weisberg said he has been a banker most of his career, working 18 years for the Bank of Boston. He's been involved in mergers and acquisitions in his banking career but describes himself today as an entrepreneur.

"This [casinos] is not my normal business," Weisberg said. "I've been in the banking business most of my life."

Indeed, he said he is not a fan of gambling, and only plays poker, which he differentiates from gambling because he believes it is a game of skill.

"I don't go on a boat. I get seasick and I don't gamble. I play poker," he said.

June 25, 2006
Posted By Bob Hartman
Staff Editor, CasinoGamblingWeb.com    Previous Page | Internet Gambling | Top Online Casinos | Submit News!

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