While analysts who cover MGM Resorts International are reluctant to talk about the company’s financial prospects two months after the 1 October massacre, they’re collectively saying MGM stock would be a good addition to a portfolio.
Casinos & Gaming
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It was by no means quiet in Mandalay Bay the night of Dec. 1, a Friday. But at certain points that evening, the crowds and energy levels seemed higher in two other MGM Resorts International-owned casinos.
Around dusk on a late November weekday, hundreds of men and women walked through the Mandalay Bay, past empty restaurants just off the casino floor and toward the huge convention center.
This week’s long-awaited U.S. Supreme Court oral arguments on Christie v. the NCAA that could influence whether sports wagering will be legalized nationwide could also play a role in another issue at the forefront of the gaming industry — the presence of marijuana in casino resorts.
Like a sharp poker player, Las Vegas casinos keep their cards close to their vest when it comes to security.
Las Vegas may be the most surveilled city on Earth, but chances are no one is actually watching you on the other end of the video camera.
A foreign national was arrested Monday night on charges of cheating while playing craps, the highest profile case of its kind since 2011.
Just days after the Oct. 1 Strip massacre, a Nevada Supreme Court panel issued a decision that could sharpen questions about the adequacy of security at Mandalay Bay and increase its liability.
Mandalay Bay is adding to its security even as it cuts hours of other employees.
Boyd Gaming is informing guests at all its properties that hotel personnel will enter a room if a “Do Not Disturb” sign is left on a door for more than 48 hours.
Should lawsuits filed against MGM Resorts International over the Oct. 1 Strip shooting result in judgments against the company, executives believe their insurance will cover any losses.
The Culinary union said it will look into whether Mandalay Bay followed proper procedures when it cut employees’ work hours, effective immediately, in response to the Oct. 1 Las Vegas shooting.
Serena Talledo and other Mandalay Bay employees say they were told this week that MGM Resorts International is reducing their schedules as a result of the company’s hardships in the aftermath of the Oct. 1 mass shooting.
Aria poker staff plied Czech casino owner Leon Tsoukernik with booze, forcing him to lose $3 million in a high-stakes poker match against an Australian professional, recent court papers filed by Tsoukernik claim.
Many casino hosts would have known the Mandalay Bay gunman because of his high-roller level of play.
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