There’s been much confusion involving the (actual) insolvency of Metro-Goldwyn-Mayer vs. the (urban legend) bankruptcy of MGM Grand Mirage Resorts International, so The Onion gets in on the act. Let’s not forget all the overseas players the Green Monster scared away with its original entryway, one of the several miscalculations that got the Strip leviathan off to a wobbly start. As for M-G-M’s financial troubles, they’ve paralyzed Continue reading
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“Garth Brooks may be a very talented performer but he’s not worth $253. Hell, I wouldn’t even pay $253 to see Elvis if you could resurrect him.” — Las Vegas Sun reader Phillip McWatt, balking at
And, in a very tight Midwest gubernatorial contest, GOP candidate Bill Brady (left) may well have sunk his chances with the last-minute broadside, “Video poker is the scourge of Illinois.” Way to snatch defeat from the jaws of victory, dude. State legislators are itching to expand legalized gambling yet again — economically futile as that may seem (the Land of Lincoln’s casino revenues are still declining). Even a Gov. Pat Quinn victory hasn’t prevented them from
Last week, S&G unearthed a contribution from
Harrah’s Entertainment and the AFL-CIO have collected the requisite 20,000 signatures to place
Motley Fool columnists take dramatically different perspectives on the future of Las Vegas Sands, depending on what metrics they employ. Anand Chokkavelu rated Sands a “terrible” stock last July and
According to an S&G source, Harrah’s Entertainment —
“Suffice to say, it’s a very strange situation that someone who wants to be a representative of the state of Nevada never reached out to the No. 1 industry and even actively attacked Senator [Harry] Reid for helping it. I don’t get that.” — MGM Resorts International spokesman Alan Feldman on Sharron Angle‘s quixotic anti-CityCenter jihad.
Actually it’s not, if you’ve lived there (as I did for four wonderful years). However, Iowa‘s casino industry is, down one-tenth of a percent from October 2009. Actually, nine of the 17 non-tribal casinos recorded revenue increases, particularly the small riverboats, led by Isle of Capri Casinos‘ Miss Marquette, up 11%. But a terrible month at Harrah’s Council Bluffs (left, -12%) and a bad one at a few other riverboats plus the Mystique racino flattened the landscape. Ameristar Casinos‘ Council Bluffs property led all riverboats by a whopping margin, recording $13.4 million in revenue — more than double the amount raked in at Harrah’s competing property. If Ameristar
“I’m not into psychoanalyzing people, I don’t have the background for that, but he just doesn’t seem particularly happy with everything and every success that he’s had.” — Rep. Shelley Berkley (D-NV)
As new owner Onex Corp. continues with a full-court press of renovations, the Nevada Gaming Control Board has given the new ownership consortium