Corporate

Good Time To Buy Low on MGM Resorts International?

by Marc October 26, 2010

I found an interesting article on the future of MGM Resorts International’s future on Motley Fool.  Motley Fool is a quirky look at investing with the goal to “Educate, Amuse and Enrich” DIY investors.  It’s their assertion that, even though, MGM has a lot of debt looming in the future that the company is almost [...]

Tagged as: Atlantic City, Investment, Las Vegas, MGM, Stocks

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Harrah's Goes Public To Finish What They Started

by Marc October 19, 2010

Harrah’s announce that they are making up to $575 million in shares available to the public.  This is about 10% of the company.  The money is being raised in an effort to finish a few projects. Harrah’s will use the proceeds to finish its 660-room Octavius Tower at Caesars Las Vegas, develop the LINQ retail [...]

Tagged as: Caesars, Casino, Economy, Harrah's, IPO, Las Vegas, Octavious Tower, Ohio

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Las Sands

by Marc September 16, 2010

The Washington Post had an article stating that Las Vegas Sands is considering removing “Vegas” from their name. Las Vegas Sands considers dropping Vegas from name The article goes on to say that they are thinking of moving “Las Vegas” from the name, not just “Vegas” as the headline says.  It would be funny fun [...]

Tagged as: Branding, Corporate, Marketing, Palazzo, Sands, Venetian

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Harrahs Not Going Public…Yet

by Marc August 20, 2010

Last week almost 10% of Harrah’s shares of ownership were registered with the FCC.  Immediate thoughts were that the company would be going public, but that isn’t likely right away. The SEC form used to register those shares, called an S-1, is the same one used as the first step toward an initial public offering, [...]

Tagged as: Corporate, Harrah's, Investing, John Paulson

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Second Quarter Casino Earnings

by Marc August 17, 2010

I did my first roundup of casino earnings last quarter and the information is easily available so I figure it’s worth sharing.  On a headline glance the information is mixed. Boyd Gaming profits drop 75%. LV Sun MGM net income down a lot, but revenue about even year over year. LV Sun Las Vegas Sands [...]

Tagged as: Boyd, Corporate, MGM, Sands, Wynn

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Why Aren't There Any $5 Tables?

by Marc June 14, 2010

Why aren’t there any (or many) $5 blackjack tables at the casino?  That’s a common question I see on the message boards that I read.  Common sense always lead me to believe there weren’t many $5 table because the casinos don’t make much money on them.  I found some proof of this and thought I’d [...]

Tagged as: Blackjack, Casino, Economy, Strategy

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First Quarter Casino Earnings

by Marc May 11, 2010

I tend to keep away from corporate casino hotel earnings, but I’ve noticed that there have been a lot of incoming searches for this so I figured that I would round up a bunch of information for those looking. Golden Nugget Reports Increase In Revenue. LV Sun Las Vegas Sands Narrows Loss In First Quarter.  [...]

Tagged as: Boyd Gaming, Casino, CityCenter, Economy, Golden Nugget, Hard Rock Hotel, Las Vegas, MGM, Sands, Station Casinos, Tropicana, Wynn

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Shuffle Master Profits Up Last Quarter

by Marc June 9, 2009

Shuffle Master’s profits rose in the second quarter despite lower sales and revenue than a year ago as well as large severance payments.  However, leased units increased from 5,354 in 2008 to 5,565 in 2009.  So, why is this interesting to me? As I’ve mentioned before I’ve played a lot of 3 card poker this [...]

Tagged as: 3 Card Poker, Blackjack, Economy, Shuffle Master

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