There are some businesses that are generally considered to be recession proof. This is because of the nature of the business, as well as the kind of demand that exists for these businesses, that can weather every storm in the market place. This is one of the main reasons why a lot of folks consider a casino to be a kind of recession proof enterprise. Most people who go to enjoy themselves in the casino are those who have enough funds not to be affected by any global downturn. This is conventional wisdom, which seems to be borne out by proof in the fact that casinos in Vegas are still going strong. But it may not be true in all cases as Casino operator Centaur LLC has gone in for Chapter 11 bankruptcy filing.
Centaur LLC are the owners of Valley View Downs & Casio, which is still running and also a racetrack in Lawrence County. The company has plans to get out of bankruptcy before the end of July 2010. The company has not disrupted its operations in Hoosier Park and Racing Casino in Indiana. There is also a plan for a valley hotel and casino in Colorado that the company is not abandoning.