Robin Camacho
Las Vegas Real Estate
David McKee
Stiffs & Georges
Jean Scott
Frugal Vegas
Cannery Casino Resorts (29) [RSS]
Melco Crown Entertainment (29) [RSS]
Morgans Hotel Group (32) [RSS]
Pinnacle Entertainment (60) [RSS]
Tropicana Entertainment (90) [RSS]
World Series of Poker (6) [RSS]
Illinois: No country for big casinos
JohnTerez said: What your name? , <a href="http://pdabooks.org/membe... noir wine&l... [More]
Nevada: The Stupid State
PortoM0n said: Don't go far away. , <a href="http://cool-wallpapers.ev... cool wall... [More]
They burned the Monte Carlo ... and may get away with it
JohnTerez said: Try see it. , <a href="http://smart.fm/lists/152... glass supplies</a>... [More]
Nevada: The Stupid State
PortoM0n said: Hi brothers and sisters! , <a href="http://boxesandarrows.com...... [More]
They burned the Monte Carlo ... and may get away with it
SoloJ3ss said: Great... , <a href="http://boxesandarrows.com... to make deer a... [More]
Enter your email address to subscribe to this blog.
alex yemenidjian ameristar animals architecture atlantic city australia baseball boulder strip boyd gaming california cannery casino resorts carl icahn charity cirque du soleil citycenter colony capital colorado columbia sussex cosmopolitan current detroit dining don barden donald trump downtown economy election encore entertainment environment florida fontainebleau g2e george maloof harrah's harry reid herbst gaming horseracing igt illinois indiana international internet gambling isle of capri james packer kansas kentucky labor lake tahoe laughlin lawrence ho louisiana lvcva m resort macau marketing massachusetts melco crown entertainment mesquite mgm mirage michael gaughan mississippi missouri monte carlo fire morgans hotel group movies neil bluhm ohio oscar goodman penn national pennsylvania pets phil ruffin pinnacle entertainment planet hollywood politics problem gambling regulation reno riviera sahara sheldon adelson singapore sports stanley ho station casinos steve wynn tamares group taxes technology the strip tilman fertitta tourism transportation tribal tropicana entertainment tv wall street
Posted At : February 27, 2009 02:53 PM | Posted By : D McKee
Related Categories:
Cirque du Soleil,Station Casinos,Economy,Donald Trump,Harrah's,MGM Mirage,Fontainebleau,Wall Street
Following in the footsteps of Station Casinos and Harrah's Entertainment, now MGM Mirage is drawing its revolver, so to speak, to fund operating expenses. This is never a good sign. Earlier this week we learnt that all of Kirk Kerkorian's Tracinda Corp. stock (53% of MGM shares) has been pledged against CityCenter. I was guardedly optimistic about MGM's future, but now ... ?
At least if what LVA is hearing about Fontainebleau is true, MGM won't have to worry about competition from F'bleau for as much as 10 weeks after Aria opens.
"Off the box": That's the new coinage for describing public figures who go from being seen as assets to liabilities. It was inspired by Kellogg's dumping of Michael Phelps after those bong photos surfaced.
In the gaming sector, the obvious "off the box" candidate is Donald Trump -- so obvious, in fact, that Trump is trying to get himself off the box, demanding that Trump Entertainment Resorts become Something Else Resorts. Another OTB candidate might be former Cirque du Soleil wunderkind Criss F. Angel.
Anybody else?
It is interesting that Mirage is 'drawing its revolver' to fund operating expenses when they are literally turning away business. I will be visiting Las Vegas in June for 20 nights this June. I emailed them for a quote for the 20 nights and received a very curt reply that stated "the hotel only allows a 13 night stay", even though I could make an online reservation at their site for 14 nights. I queried the '13' night maximum in a return email. That was over 2 weeks ago and still no reply. No wonder they are having to dip into their reserves.
Print | 
Send to Friend | 
del.icio.us | 
Digg It! | 
Linking Blogs |