Crown Resorts Pushing Too Hard
Packer’s $4 Billion Las Vegas Bet Fuels Crown Bond Risk
Casinos
Caesars Makes Deal to Reduce Debt by $548 Million
Caesars Makes Deal to Reduce Debt by $548 Million
Can Caesars ever dig itself out?
With a mountain of debt weighing it down, can Caesars Entertainment ever dig itself out organically? I bet the strategy Caesars’ hedge fund controlling shareholders will take includes long legal skirmishes that will eventually whittle down all interests. Caesars will be… Continue Reading
New Frontier Development
Crown Resorts Pays $280 Million for Las Vegas Strip Casino Site Crown Resorts, Oaktree Capital, Wynn executive partner on Las Vegas casino project Crown’s Packer places another bet on U.S. gaming market with Las Vegas buy
Crown Las Vegas
Las Vegas watchers will be particularly excited about the recent annoucement that Crown Resorts plans to develop the former Last Frontier land on the strip. While Phil Ruffin collects income from Treasure Island, he must watch with some interest how the… Continue Reading
Amaya Gaming & Full Tilt Casino Games
Amaya Gaming is now offering some of its casino games thru Full Tilt. This launch does not impact the planned purchase of PokerStars/Full Tilt by Amaya, investors will get a chance to see how likely it will be that Amaya… Continue Reading
Online Gambling isn’t a Panacea
Online Gambling Slump Adds to Christie’s N.J. Budget Woes
Online Gambling Suffers Setback
Setback for online gambling as American Gaming Association withdraws support for legalization
Boyd Gaming – Online Revenue
The article below highlights the potential growth of online gaming for Boyd Gaming, especially since the Borgata leads NJ online revenue. But boosters of online gaming revenue fail to notice that online revenues represent a tiny fraction of Boyd’s overall… Continue Reading
Cosmopolitain Sold to Blackstone
The Cosmopolitan Hotel & Casino has finally been sold to a private equity fund managed by Blackstone. Today’s announcement marks the end of a nightmare investment for Deutsche Bank when it took control of the hotel/casino as a creditor during… Continue Reading