{"id":14377,"date":"2014-08-21T13:15:03","date_gmt":"2014-08-21T21:15:03","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=14377"},"modified":"2014-08-21T13:15:03","modified_gmt":"2014-08-21T21:15:03","slug":"case-bets-6","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/case-bets-6\/","title":{"rendered":"Case Bets"},"content":{"rendered":"

Any fears of antitrust litigation in the Scientific Games<\/strong>\/Bally Technologies<\/strong> merger were put to rest yesterday when the two
\ncompanies announced they had cleared the\u00a0Hart-Scott-Rodino Antitrust<\/strong> Improvements Act waiting period ahead of schedule. This is \"Bally_logo1\"<\/a>hardly equal to leaping the final hurdle but a high bar has been cleared. “The transaction remains subject to approval by Bally\u2019s stockholders, receipt of certain gaming regulatory approvals and other customary conditions,” wrote Bally spokesman Mike Trask<\/strong>.\u00a0\u201cThe news is not a surprise as we didn\u2019t expect any major antitrust concerns given the increasing number of competitors in the space,\u201d Union Gaming Group<\/strong> analyst Robert Shore<\/strong> told investors<\/a>.<\/span><\/p>\n

* Convicted felon Vaughan Perry<\/strong> hit the wrong sort of jackpot this week. He was hit with 139 indictments for illegal gambling at Horseshoe Cleveland Casino<\/strong>. Regulators say they’ve got the videotape that shows Perry beating the house at blackjack through untoward means<\/a>. The alleged cheating won Perry $8,240, which works out to $59.28 per indictment — not a good return on investment.<\/p>\n

* Galaxy Entertainment<\/strong> employees may receive equity in the company as it looks to retain current talent and recruit 8,000 new \"Galaxy<\/a>
\n\"galaxyworldMacaoRendering\"<\/a>workers for the $2.6 billion Phase II of Galaxy Macau<\/strong>. It needs many\u00a0more workers to staff up last year’s $420 million purchase, Grand Waldo<\/strong>. However, this hardly comes as bad news for Galaxy. It reported cash flow for the last quarter of $452 million, beating analyst estimates. Strong mass-market business offset a slowdown in VIP play.<\/p>\n

Other than Melco Crown Entertainment<\/strong>, no other casino concessionaire exceeded revenue expectations last quarter. Melco’s incentivizing employees and job-seekers with the prospect of management training. Like Las Vegas Sands<\/strong>, both companies are leaning on Vegas-style amenities to lure mass-market players, too.\u00a0\u201cThe evolution of the market to mass gaming is likely to continue, supported by longer-term drivers,” a formal Galaxy statement read<\/a>, “such as improved transportation infrastructure and a rapidly growing Chinese middle class looking to broaden its horizons through increased travel.\u201d<\/span><\/p>\n

* Genting Group<\/strong>‘s Resorts World Sentosa<\/strong> got a prestigious visitor<\/a> this week, as more Japanese officials show an interest in the Singapore<\/strong> model of casino development.<\/p>\n

* In acknowledgement of the closing<\/a> of Pawn Shop Live!<\/em>, a show that could never find its concept, here’s another Pawn Stars<\/em> riff, one that we wish really was<\/em> on the History Channel<\/strong>. I mean, with Bryan Cranston<\/strong> how can you go wrong?<\/p>\n

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Any fears of antitrust litigation in the Scientific Games\/Bally Technologies merger were put to rest yesterday when the two companies announced they had cleared the\u00a0Hart-Scott-Rodino Antitrust Improvements Act waiting period ahead of schedule. This is hardly equal to leaping the … 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":[77,120,7,171,62,93,71,25,55,160,12,108,17],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/14377"}],"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=14377"}],"version-history":[{"count":1,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/14377\/revisions"}],"predecessor-version":[{"id":14378,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/14377\/revisions\/14378"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=14377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=14377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=14377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}