Blogs: Gaming and Business

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Primm hotel rates for locals: free

By Liz Benston · December 9, 2008 · 12:49 PM

Remember the days when casinos gave away rooms and meals to attract gamblers?

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Casino companies, even the competition, wish Aliante well

By Liz Benston · November 13, 2008 · 12:51 PM

While the buzz at Station Casinos’ Aliante Station grand opening party Tuesday was shaded with concern about the company’s ability to generate decent money at this suburban casino amid this downturn, everyone is hoping for the best.

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Casino stocks plunge to new lows

By Liz Benston · October 24, 2008 · 5:53 PM

Major casino stocks hit new all-time lows today, their shares pulverized by panicking investors on a day when global markets plunged. Except for MGM Mirage, whose shares are up less ...

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MGM Mirage stock still on downslide

By Liz Benston · October 22, 2008 · 6:42 PM

Those investors who figured MGM Mirage couldn’t trade much below $20 a share a few weeks ago got another nasty surprise today, when bond rating agency Fitch Ratings issued an especially bearish outlook on the company.

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MGM Mirage announces end to bonuses

By Liz Benston · October 21, 2008 · 10:27 AM

While some Strip operators have been cagey about layoffs, firings and other employee moves during this time of economic turbulence, MGM Mirage appears to be going the route of full disclosure.

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MGM Mirage splits from Nevada Resort Association

By Liz Benston · October 14, 2008 · 4:27 PM

Citing cost-cutting measures, MGM Mirage said today the company has resigned from the Nevada Resort Association, the casino industry's primary voice in the state Legislature for more than 40 years. ...

Wynn: Encore will take hit despite ‘position of strength’

By Jeff Simpson · October 9, 2008 · 12:29 PM

The financial whirlwind swirling down Wall Street and the Las Vegas Strip won’t affect Wynn Resorts nearly as much as his big competitors, Steve Wynn said this morning.

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CityCenter secures $1.8 billion; Wynn avoiding worst of crunch

By Liz Benston · October 6, 2008 · 1:07 PM

It wasn’t that long ago that Wall Street was criticizing Steve Wynn, who then owned Mirage Resorts, for spending money like a drunken sailor.

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Adelson bails out Las Vegas Sands with cash

By Liz Benston · October 1, 2008 · 2:17 PM

It takes more than skill to survive on the Strip, especially now with business plans and financing deals imploding like so many old hotels.

Developers minimize Strip resort delays

By Liz Benston · September 25, 2008 · 6:14 PM

The smart money on Wall Street says developers won’t be financing resorts that aren’t already far along in the construction process – at least not until banks have had a few years to recover from The Great Bad Mortgage Purge of 2008.

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