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Loss for MGM Resorts grows to $883.5M in 2Q as it writes down CityCenter Las Vegas $1.12B more
- Posted by runbulls
on Tue 08/03/2010 10:34 AM
Casino operator MGM Resorts International said Tuesday that its second-quarter loss grew with a new $1.12 billion writedown on its investment in CityCenter in Las Vegas, even as its revenue rose 3 percent, reports The Associated Press....
- 0 votes | 49 views | 0 corp postings| 1 comments
Loss for MGM Resorts grows to $883.5M in 2Q as it writes down CityCenter Las Vegas $1.12B more
- Posted by runbulls
on Tue 08/03/2010 10:34 AM
Casino operator MGM Resorts International said Tuesday that its second-quarter loss grew with a new $1.12 billion writedown on its investment in CityCenter in Las Vegas, even as its revenue rose 3 percent, reports The Associated Press....
- 0 votes | 43 views | 0 corp postings| 0 comments
Iphone's card-counting app a threat to casinos?
- Posted by TylerJones
on Thu 02/19/2009 4:14 PM
Interesting story coming out of Nevada. The Gaming Control Board issued a memo to casinos warning them of an iphone application that allows users to count cards! After word of this got, sales of the application increased. Travis Yates,...
- 0 votes | 42 views | 0 corp postings| 0 comments
Onex Corp. acquires majority stake in Vegas Hotel
- Posted by Cory_Cash
on Thu 07/02/2009 10:57 AM
Tropicana Las Vegas Hotel and Casino now has no debt and more than US$10-million in cash after being in bankruptcy protection thanks to Private equity investment company Onex Corp. Onex has acquired a majority stake in the Hotel and...
- 0 votes | 96 views | 0 corp postings| 1 comments
$81M Windsor casino energy plant could be worthless
- Posted by Zeke11
on Tue 11/17/2009 11:01 AM
An energy plant intended to power a casino in Windsor, Ont., that has cost taxpayers about $81 million may now be worth nothing, according to an internal report obtained by CBC News. The Ontario Lottery and Gaming Corporation (OLG), the...
- 0 votes | 523 views | 0 corp postings| 2 comments
Trump reaches deal with bondholders
- Posted by Madame
on Tue 11/17/2009 7:17 PM
Donald Trump ended his war with bondholders of the casino company that bears his name, settling Tuesday for 10 percent of Trump Entertainment Resorts once it emerges from bankruptcy says AP. The real estate mogul announced he and his...
- 0 votes | 85 views | 0 corp postings| 1 comments
Casino debate at historic Gettysburg
- Posted by Timothy
on Mon 08/30/2010 12:12 PM
The town where the Civil War's tide-turning battle was waged is fighting dissension in its own ranks, with even hard-core preservationists split over a proposed casino that would rise near the historic battlefield and be named for the line...
- 0 votes | 48 views | 0 corp postings| 1 comments
MGM Mirage to unload stake in Atlantic City
- Posted by Buy123
on Sat 03/13/2010 2:15 PM
MGM Mirage has confirmed it will unload its stake in a US casino resort to settle a fight with US gaming regulators over the company's Macau business partner reports AFP. MGM said it will sell its half stake in the Borgata hotel-casino in...
- 0 votes | 77 views | 0 corp postings| 0 comments
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