Financial problems continue to plague the Hard Rock Hotel in Las Vegas, its management company announced Wednesday.
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While business owners and executives expressed overall optimism about Tuesday’s election, two national surveys reflected uncertainty, and some local entrepreneurs say the outcome hasn’t completely restored their confidence.
Shares of Wynn Resorts Ltd. rebounded Wednesday from their low of about $108 in active premarket trading following decisions by analysts to downgrade the company’s stock.
Consensus is that Nevada slot machine manufacturers and the casino industry were big winners in the 2010 midterm elections. The approval of ballot referendums in Maryland and Missouri could pave the way for some 6,000 slot machines in those markets. Gaming leaders said Tuesday’s re-election of Senate Majority Leader Harry Reid will benefit the casino industry.
MGM Resorts International reported CityCenter had net revenues of $413 million during the third quarter and cash flow of $52.4 million, its first positive quarter after losing money during its first six months.