MGM Resorts International supports online wagering legalization in the U.S. The casino giant holds an interactive gaming license in Nevada. Still, MGM Resorts is taking wait-and-see approach in regards to actual real money Internet gaming.
Casinos & Gaming
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You know things are on the upswing in the locals gaming market when the two Arizona Charlie’s casinos report a first-quarter net revenue increase. It’s been a while since that happened.
Save for a few small companies, Wall Street has thrown in the towel on slot machine manufacturers for 2014.
Major U.S. cities — Baltimore, Philadelphia, Detroit, Boston — have used tax dollars associated with gaming, or are considering gaming itself, as a means of economic development.
Just as the recession began to grip Las Vegas in 2008, gaming executive Terry Lanni made a prediction.
Anytime the investment community gets downwind of a potential hiccup in the Macau gaming market, a slash-and-burn mentality sets in.
The investment community long has expressed concern over the growing debt that weighs down many casino companies, most notably the $21 billion anchor around the neck of Caesars Entertainment Corp.
The next phase of Las Vegas begins today in the Grant Sawyer Building when nearly a dozen representatives and executives from Genting Berhad, the Malaysia-based company that acquired the unfinished Echelon project on the Strip for $350 million 14 months ago, will face questions from the Gaming Control Board.
Remember the photo from the 2012 Summer Olympics of U.S. gymnast McKayla Maroney, standing on the medal podium after taking silver in the vault finals, arms crossed, lips pursed to the side, with a look of disappointment? The investment community might give giant International Game Technology the same disdainful look.
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