{"id":496,"date":"2008-11-18T11:17:00","date_gmt":"2008-11-18T19:17:00","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/blogs\/dmckee\/index.cfm\/2008\/11\/18\/Case-Bets-Ho-Tram-Shuffled-Master-Ameristar"},"modified":"2012-11-14T12:12:48","modified_gmt":"2012-11-14T20:12:48","slug":"case-bets-ho-tram-shuffled-master-ameristar","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/case-bets-ho-tram-shuffled-master-ameristar\/","title":{"rendered":"Case Bets: Ho Tram, Shuffle(d) Master, Ameristar"},"content":{"rendered":"

Tout le monde<\/em> may be at G2E<\/strong> (albeit 10% less le monde<\/em> than last year, I’m told) but the big news is happening elsewhere.<\/p>\n

MGM Mirage<\/strong> has emerged as the “angel” for the Ho Tram Strip<\/strong> in Vietnam<\/strong>. It’s a sweet deal for MGM, as Mike Aymong<\/strong>‘s Asian Coastal Development Ltd<\/strong>. ponies up the $4.2 billion construction cost, while MGM lends its brand name and operational expertise (in return for a fee) to an 1,100-room hotel but is spared any exposure. ACDL will also receive the benefit of MGM’s marketing abilities. An empty stretch of Vietnamese beachfront suddenly looks a great deal more like a viable resort project.<\/p>\n

Per Joel Bergman’s remarks<\/strong>, given on Monday, about MGM putting property on the block, Marketwatch<\/strong> confirms it. MGM President Jim Murren<\/strong> says “non-core assets” are for sale, including undeveloped land on the Strip. So maybe City Center II<\/strong>, including “Atlantis Vegas” isn’t happening after all.<\/p>\n

Shuffle Master gets shuffled<\/strong>. The deck of executive cards at Shuffle Master just got run through the shoe. Senior VP Brooke Dunn<\/strong> is being placed on leave, at least for now. The SEC<\/strong> is recommending civil litigation against him pursuant to alleged insider trading<\/a>. Dunn’s accused of tipping an unidentified third party to Shuffle Master inside dope.<\/p>\n

Splitting kings<\/strong>. The chairman and CEO roles at Shuffle Master are being cleaved apart, with board member (and former Greenspun Corp.<\/strong> exec) Phil Peckman<\/strong> assuming the chairman’s gavel. Outgoing CEO Mark Yoseloff<\/strong> stays in that role, as the company’s search for a replacement continues … and continues. Presumably to further ensure stability, three veteran Shuffle Master execs — Perry Lopez<\/strong>, General Counsel\u00a0Jerry Smith<\/strong>, and Roger Snow<\/strong> — have all been named executive veeps.<\/p>\n

Ameristar Casinos continues to run up the white flag<\/strong>, laying off over 5% of its Missouri<\/strong> workforce. This is ironic, considering that Ameristar was the author and prime backer of the constitutional amendment that will remove the state’s “loss limit” — a change that\u00a0will redound to Ameristar’s financial benefit. Although the amendment’s passage is expected to widen the gap between the “haves” (Ameristar, Pinnacle Entertainment<\/strong>, Harrah’s Entertainment<\/strong>) and the “have-nots” (Isle of Capri<\/strong> and several independent operators), Ameristar is acting like it came out on the losing side.<\/p>\n","protected":false},"excerpt":{"rendered":"

Tout le monde may be at G2E (albeit 10% less le monde than last year, I’m told) but the big news is happening elsewhere. MGM Mirage has emerged as the “angel” for the Ho Tram Strip in Vietnam. It’s a … 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":[40,28,14,7,22,85,11,39,30,107],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/496"}],"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=496"}],"version-history":[{"count":1,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/496\/revisions"}],"predecessor-version":[{"id":10089,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/496\/revisions\/10089"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}