Analyses are solely the work of the authors and have not been edited or endorsed by GLG.
Wynn Resorts becoming "more Chinese" with Hong Kong IPO
September 24, 2009
Wynn Resorts upbeat about Hong Kong IPO | www.ft.com
By floating the Wynn Resorts Macau IPO on the Hong Kong Stock Market, Steve Wynn hopes to become more tightly integrated with the Chinese gaming and financial communities. The Financial Times reports that the offering makes Wynn Resorts the first American-based company to establish a presence on the...
California's Impact on the Las Vegas Strip, City Center & the port of LA
September 8, 2009
Los Angeles Times, Luck Runs Out on Las Vegas Boom | www.latimes.com
Southern California/California is the the largest market for the Las Vegas Strip. Economic conditions in Southern California have a direct impact on LV Strip visitor volume and spending levels. We have compared historic and prospective consumer related Southern California economic metrics to Las...
Great News for Slot Manufacturers, If Legislature Agrees
August 31, 2009
Home Meet Governor Crist | www.flgov.com
Gov. Crist had until 11:59 pm tonight to reach a new agreement with the Seminoles. He did, giving them unlimited slot machines in seven locations. But it also gives them blackjack and other table games in all seven casinos, which the Legislature had limited to two counties. Therefore, the new Compact...
August 10, 2009
RPT-Q+A-What does illness of gaming king Ho mean for Macau? | www.reuters.com
Macau's government's cap on junket commissions came just in time. Keeping high-roller baccarat profits with casino operators is very good news for Macau’s casino concessionaires and their many partners. The deal was brokered by 87-year-old Stanley Ho, now in intensive care after brain surgery. If...
Good News for Harrahs, Possible Break-Through for PartyGaming
August 7, 2009
Senator Menendez Online Poker Bill Barney Frank on Steroids | www.gambling911.com
A companion bill to Barney Franks' in the House, by Robert Menendez in the Senate, greatly increases the chance Internet poker will be made legal next year. Both bills favor land-based gaming companies getting into the act. But they differ on whether gaming will be limited to poker, and whether operators...
vegas probably has hit the bottom but the climb back is overwhelming
July 20, 2009
MGM Mirage Says Las Vegas 'Bouncing Along a Bottom' | www.bloomberg.com
It is going to be a long haul for vegas to return to the glory years of the early 2000's
Companies Gearing Up for Intra-State Poker Will Dominate Internet Gambling
April 27, 2009
Calif. Poker Bill Unveiled | igamingnews.com
Harrah's is rumored to have hired Mitch Garber, former CEO of PartyGaming (PYGFM), to head its World Series of Poker and online gaming operations. PYGFM itself settled with the federal Department of Justice, and is looking to now get back into the U.S. Rep. Barney Frank had to...
April 24, 2009
PENN (PENN NATIONAL GAMING) STALKS LAS VEGAS STRIP FOR BARGAINS AS MGM, HARRAH'S BATTLE DEBT LOAD | www.bloomberg.com
Ron usually is spot on in his Las Vegas analysis but I think he has missed the boat on this one
PENN NATIONAL NEEDS TO MAKE SURE LAS VEGAS IS A MARKET THEY REALLY WISH TO ENTER
April 23, 2009
PENN (PENN NATIONAL GAMING) STALKS LAS VEGAS STRIP FOR BARGAINS AS MGM, HARRAH'S BATTLE DEBT LOAD | www.bloomberg.com
Could the timing for a purchase by Penn National entering the Las Vegas gaming arena be slightly premature for them. Is this truly the market area that would fit into their family of properties? Can this be a mistake on their part, by looking into a type of higher end gaming establishment...
Kerkorian and Icahn -- Bluffing for MGM's Billions
April 20, 2009
Icahn Takes On Kerkorian in Big Las Vegas Showdown | online.wsj.com
The histories of the major players in the current MGM financial crisis reveal their goals: Icahn is again acting like a raider; Oaktree is doing percentage calculations on long-term debt; Bank of America (BAC) wants to survive and make at least some profit; and Dubai World is in way over itshead. Kerkorian...
Charles & Colvard Still Searching For Direction
November 19, 2009
Supply Chain Optimization Key to Future Foodservice Industry Profits
November 18, 2009
Embracing the Fear of E-Tailing through More Brick and Mortar
November 17, 2009
Summarizing the 2009 WWD Apparel/Retail CEO Summit and a Road Map
November 17, 2009
Does Anyone Really Expect G.M. And Chrysler To Repay Billions In Loans?
November 15, 2009
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Restaurateurs Optimistic, but Mantra Remains “Operate with Caution”