Monthly Archives: July 2015

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 Howard Stutz   Wall Street analysts predict MGM may sell The Mirage

Two Wall Street analysts said in research notes Wednesday that MGM Resorts International may be considering selling The Mirage to focus on other development aspects for the Strip casino giant.The reports said MGM Resorts could sell the hotel-casino to Starwood Capital for between $ 1 billion and $ 1.5 billion.A spokesman for Starwood, which sold the…
CasinoCityTimes.com

 Howard Stutz   Wynn Resorts sees reduced profits from Macau market slump

Macau’s slumping casino market contributed to a 72 percent decline in profits at Wynn Resorts Ltd. in the second quarter.Company Chairman Steve Wynn said the weakness in high-end baccarat business, which has caused Macau’s overall gaming revenue to decline in each of the past 13 months, is starting to hurt the company’s business in Las Vegas…
CasinoCityTimes.com

 John Grochowski   The mystery of craps

Writing this column brings me in contact with players of all skill levels, and what seems obvious to a casino veteran often is a mystery to a beginner, or to a player whose experience falls in different games.Solving the mysteries of craps can be particularly perplexing, as a reader reminded me with her tale of playing on her own for the first…
CasinoCityTimes.com

 Howard Stutz   bwin.party investor tells online gaming rival to increase its bid

The second-largest shareholder in Gibraltar-based bwin.party Digital Entertainment said Monday a rival firm will have to increase an offer if it wants to out-bid online gaming giant 888 Holdings in a takeover battle.bwin.party accepted a $ 1.4 billion offer from 888 last week. However, online gaming company GVC Holdings upped its bid Monday to $ 1.6…
CasinoCityTimes.com

 John Robison   Ask the Slot Expert: Can a Casino Collect a Marker from a Gamblers Estate?

If someone owes the casino, say, $ 100,000 or better, then refuses to pay, the casino would normally sue to get the money back. However, if in the middle of these proceedings the person makes an unexpected departure from this world, can the casino sue the estate or do the casino have some sort of insurance for this problem? Laws differ…
CasinoCityTimes.com

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