Trump Taj Mahal demands concessions from workers, lenders, government to stay open
Personal note from Pit Boss. When Nick@Nite and I went in there last week, the place was nearly empty and you can see the dread on the workers faces. It was sad to see all those people that may have…
Evolve Vegas NYE expanding Las Vegas’ gay tourism market
Richard N. Velotta, Las Vegas Review-Journal Sitting in her modest office at The Lakes, it occurs to Mya Reyes that her career path has led her to one of the boldest tourism initiatives the city has ever seen — a…
Macau Casino Bonds Slump as Xi Probe Spooks VIPs: China Credit
(Bloomberg) — Macau casino bonds are plunging as President Xi Jinping’s corruption crackdown against “flies and tigers” spooks VIP gamblers. The yield on Wynn Macau Ltd.’s notes due October 2021 jumped 86 basis points this month and touched a record…
Gaming regulators OK ownership change, talk medical marijuana
The Nevada Gaming Commission on Thursday approved an ownership change in the Mountain View Casino in Pahrump, which returned a member of the Herbst family to the gaming industry. But the discussion was more about medical marijuana. A group headed…
Commentaries: We Don’t Want to Be Like Vegas
By Ken Adams Historically, Las Vegas was the bad-boy of the gaming industry in the eyes of legislators and regulators. When introducing casinos into a new jurisdiction there was one thing they all knew for certain – they did not…
The difference between gamblers and tourists in Atlantic City: Oceans
Once fixated on bringing gamblers to town and keeping them captive in the casinos, Atlantic City is betting on tourists. There is a big difference. ATLANTIC CITY, N.J. — For decades, this gambling town had constructed itself one heck of…
Fitch upgrades MGM Resorts, MGM China ratings
Fitch Ratings Inc has upgraded MGM Resorts International’s rating to ‘B+’ from ‘B’ and subsidiary MGM China Holdings Ltd’s rating to ‘BB’ from ‘BB-’. The rating outlook remains positive, the rating agency said in a note on Thursday. MGM China’s…
Las Vegas: Wynn Gambling Lawsuit Back On
LAS VEGAS (AP) — A lawyer for a German gambler says he’ll seek to consolidate two federal lawsuits in Las Vegas after an appeals court reinstated a case alleging his client owes the Wynn Las Vegas resort $250,000, but not…
Atlantic City: Unshuffled cards game ruled legal
ATLANTIC CITY, N.J. (AP) – Games of mini-baccarat played at the Golden Nugget two years ago with unshuffled cards in which gamblers won $1.5 million did not violate any rules or laws, New Jersey casino regulators ruled. The regulators’ decision…
Caesars’ Assets Insufficient to Satisfy Lenders: Distressed Debt
(Bloomberg) — Yields on bonds from a Caesars Entertainment Corp. unit are diverging in a sign that the casino company will be unable to satisfy warring creditor classes and increase the odds of a bankruptcy. “It’s difficult to understand how…