{"id":13660,"date":"2014-05-28T10:58:11","date_gmt":"2014-05-28T18:58:11","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=13660"},"modified":"2014-05-28T10:58:11","modified_gmt":"2014-05-28T18:58:11","slug":"caution-at-mgm-audacity-at-caesars-cortez-crumbles","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/caution-at-mgm-audacity-at-caesars-cortez-crumbles\/","title":{"rendered":"Caution at MGM, audacity at Caesars; Cortez crumbles"},"content":{"rendered":"

As the line continues to blur between social gaming and real-money gambling, MGM Resorts International<\/strong> continues to hang back from the latter and favor the former. It’s putting its efforts into a free-play site<\/a> that offers M Life<\/strong> rewards, as U.S. Internet<\/strong> gaming has proven to be small potatoes so far. As Macquarie Securities<\/strong> analyst Chad Beynon<\/strong> puts it, “a lack of progress keeps us concerned.\u201d<\/span><\/p>\n

Not so social gaming, which has proven to be a bonanza for Caesars Entertainment<\/strong>. It was prescient of Gary Loveman<\/strong> to leap into this realm with both feet, buying up social-gaming platforms left and right. In the last quarter, Caesars owned $116 million of a $202.5 million social-gaming market and it’s projected to take in a half-billion dollars for the full year. (Wouldn’t it be ironic if social gaming were the fiscal savior of Caesars’ huge bricks-and-mortar empire.) MGM, meanwhile, is concentrating on expanding its myVegas application beyond its Strip casinos, the only places where you can redeem your rewards presently.<\/p>\n

And then there were six. Falling quickly into line behind Boyd Gaming<\/strong>, the owners of the El Cortez<\/strong> came to terms with the Culinary Union<\/strong>, agreeing to a new collective-bargaining pact.<\/a> In a small victory for the El Cortez, it will be retroactive to a year ago. As a 5:30 a.m. Sunday walkout time looms ever larger, the pressure is ramped up on The D<\/strong>, Golden Gate<\/strong>, Las Vegas Club<\/strong>, Plaza<\/strong>, Four Queens<\/strong> and Binion’s<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

As the line continues to blur between social gaming and real-money gambling, MGM Resorts International continues to hang back from the latter and favor the former. It’s putting its efforts into a free-play site that offers M Life rewards, as … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[151,51,7,37,11,47,161],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/13660"}],"collection":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/comments?post=13660"}],"version-history":[{"count":1,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/13660\/revisions"}],"predecessor-version":[{"id":13661,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/13660\/revisions\/13661"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=13660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=13660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=13660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}