Gambling Industries

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How CityCenterÕs room rates will compare with Strip rivalsÕ

Las Vegas Sun yesterday

Online reservation sites are offering discounted room prices that reflect the effects of the recession on the three hotels opening for business in December at MGM MirageÕs CityCenter complex. The weekend after its Dec.Ê16 opening, room rates at the 4,000-room Aria will ...

Asian casino magnate denies organized crime ties

AP News yesterday

Asian casino magnate Stanley Ho denies organized crime ties that NJ casino regulators assert Asian casino magnate Stanley Ho denied Thursday that he has ties to Chinese organized crime gangs. His denial via a spokeswoman came a day after New Jersey gambling ...

MGM Mirage Pansy Ho

AP News 2 days ago

FILE - In this Dec. 13, 2007 file photo, casino Managing Director Pansy Ho, left, and MGM International President Bob Moon attend the pre-opening of the MGM Grand in Macau. New Jersey casino regulators on Wednesday, March 17, 2010 said that they ...

Gaming, chamber tethering interests

Las Vegas Sun 4 days ago

Alliance could demand big changes from Legislature CARSON CITY — Two of the stateÕs most prominent forces in the Legislature — the largest gaming companies and the Las Vegas Chamber of Commerce — are growing more aligned, creating a potentially overwhelming lobby ...

MGM Mirage to drop Atlantic City casino

AFP American Edition 6 days ago

MGM Mirage has confirmed it will unload its stake in a US casino resort to settle a fight with US gaming regulators over the company's Macau business partner. MGM said it will sell its half stake in the Borgata hotel-casino in Atlantic ...

MGM to leave NJ over questions about Asian partner

AP News 7 days ago

MGM Mirage agrees to NJ's request to sell Borgata over ties to Asian casino mogul's daughter MGM Mirage said Friday it will sell its 50 percent stake in Atlantic City's top casino and stop doing business in New Jersey rather than cut ...

Blizzards bury AC casinos in bad financial news

AP News 9 days ago

February blizzards leave Atlantic City's casinos buried in bad financial news The snowiest month ever recorded in Atlantic City kept would-be gamblers frozen in their homes in February, contributing to a 15.7 percent decrease in casino revenues. The 11 casinos in the ...

MGM Mirage to sell $845 million in bonds

AP News 11 days ago

MGM Mirage, struggling with gambling slump, will sell $845 million in bonds Casino operator MGM Mirage said Tuesday it will sell $845 million in new bonds due in 2020, looking to build a healthier balance sheet amid a gambling industry slump. MGM, ...

Atlantic City's Tropicana sale to Icahn done deal

AP News 11 days ago

Atlantic City's Tropicana in hands of billionaire investor Icahn after 2 years of wrangling It took more than two years, nearly $12 million in fees to lawyers and others and a billionaire's bargain-basement bid, but the Tropicana Casino and Resort has been ...

A glance at Wynn Resorts' 4th qtr performance

AP News 22 days ago

Performance figures from the 4th-qtr earnings report of casino operator Wynn Resorts Wynn Resorts, a Las Vegas-based casino operator run by billionaire Steve Wynn, has had a tougher time getting luxury customers to pay top dollar for trips and entertainment at its ...

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