Consumer >> Analyst Interviews >> November 25, 2002

The Gaming Industry: An Overview: Lawrence Klatzkin – Jeffries & Co

LAWRENCE KLATZKIN is a Managing Director in the Equity Research Department of Jefferies & Company, Inc., covering gaming and leisure companies. He originally joined Jefferies' High Yield Research Department in 1998 to cover gaming-related companies and continues to maintain coverage on a number of high yield credits. Mr. Klatzkin has over 21 years of equity and high yield research experience and has specialized in the casino sector for the last 17 years. He joined Jefferies from Donaldson Lufkin Jenrette, where he was a Vice President and Gaming Analyst in the High Yield Research Department. Prior to working for DLJ, Mr. Klatzkin worked at Salomon Brothers, Prudential Securities, Shearson Lehman Brothers and Smith Barney. In the past, Mr. Klatzkin has been ranked in the Institutional Investor annual fixed income analyst poll five years, two of which he was ranked number one. In addition, he was awarded second place in the Gaming Industry Observer 'Excellence in Analysis' awards in both 1999 and 2000. He also authors a regular column on industry-related articles for Global Gaming Business magazine. Mr. Klatzkin received a BA from the University of Pennsylvania in 1979 and an MBA in Finance from New York University Graduate School of Business in 1982. Profile
TWST: What was the performance of the gaming stocks this year?

What were the high spots and low spots for the industry?

Mr. Klatzkin: At this point in time I think the high spot was