Brookfield deal for Revel called off
Brookfield abandons plan to buy Atlantic City’s Revel Casino Brookfield bails on Revel deal, Straub says interest still high
Casinos
Station’s Shuts Down Poker Site
Station Casinos to Shut Down Online Poker in Nevada
Pinnacle to form REIT
Big news for Casino watchers was announced by Pinnacle Entertainment, as they plan to create a Real Estate Investment Trust (REIT) to separate their real estate from the operating company. Shareholders will receive REIT units in a tax-free spin-off sometime in… Continue Reading
Boyd Gaming REIT potential
How low have expectations for Boyd Gaming sunk when the CEO can claim on the latest earnings conference call that “This was a solid quarter for our operations” and “Growth resumed in our Nevada business, as our Las Vegas Locals and Downtown… Continue Reading
Atlantic City Review from Tara Perkins
Atlantic City bust: How a storied gambling destination lost its lustre
Slot Machines, the Road to Nowhere
GGRAsia – Scepticism from investors over casino tech M&A
Las Vegas Update Oct 9th
So I’ve been in town for a couple of days now. I arrived monday night and picked up a cheap rental Yaris for $8 per day before fees/insurance/taxes. I also got a $12 per day (before $14 per day in… Continue Reading
Executive Departures at Boyd Gaming
Boyd Gaming today announced that Chief Operating OfficerPaul Chakmak will leave the Company, effective September 19. Keith Smith, President and Chief Executive Officer, will assume Chakmak’s responsibilities. Smith said: “Paul helped strengthen our financial organization as Chief Financial Officer, and… Continue Reading
MGM NJ Casino License Renewed
MGM once again granted New Jersey gaming license to regain control over stake in Atlantic City’s Borgata Hotel Casino
REIT Conversions in the US – like Canada?
Canadian investors will never forget Oct 31st 2006 and the impact that a change in federal tax law basically eliminated the incentive for many Canadian businesses to organize as income trusts. The elimination of the income trust “loophole” sent shock-waves through… Continue Reading