Analyses are solely the work of the authors and have not been edited or endorsed by GLG.
LAS VEGAS IS NOT OFF TO A GREAT START IN 2009 - IS THERE A BRIGHT FUTURE FOR THE GAMING INDUSTRY
April 14, 2009
VISITATION SLIPS 8 PERCENT IN FEBRUARY DESPITE DEEP DISCOUNTS - (LAS VEGAS) | www.lvrj.com
With statistics showing a rather slow start for 2009, can the Las Vegas gaming industry show some promise for the remainder of the year? Where will the business come from to create added revenue? Will the slight signs of the national economy improving create some incentive for people to head to Las Vegas?
PartyGaming's (PYGMF) Settlement Helps Internet Gambling
April 7, 2009
PartyGaming Plays Nice With U.S. | www.forbes.com
The settlement will mean more "dot net" advertising by all online gaming companies. PartyGaming believes it bought the right to eventually bring PartyPoker back to the U.S. It also made it easier to make acquisitions and joint ventures. It pushes other online gaming companies to make similar settlements.
Kansas Bids Show Some Casinos Feel We've Bottomed Out
April 6, 2009
INSIDE GAMING: Maybe Kansas can, for casinos | www.lvrj.com
Some of the richest and smartest casino companies are bidding once again to operate casinos in Kansas. This is a sign that the economic recession is coming off the bottom, and the smart money wants to be in on the recovery and expansion of the gaming industry.
AT A TIME MGM NEEDS ALL THE HELP THEY CAN GET, WHAT'S UP WITH THEIR PARTNER
March 26, 2009
ANYONE HEARD FROM KIRK ..... (Kirk Kerkorian-MGM,MGM/Mirage) | www.lvrj.com
Can the CityCernter 9.3 plus billion dollar project on the Las vegas strip get completed without help from Dubai World? What should we read behind the litigation recently against MGM by D.W.? Could they be looking for a bigger stake in this project?
Mississippi helps those casino companies that will survive
March 20, 2009
Casinos get tax incentives | www.sunherald.com
Mississippi will let gaming companies have same tax rebate as other developers. But few are now in position to expand. Those that survive will be able to build hotels and golf courses to better compete against their regional competitors. And the vote shows even the "anti's" now understand how important the industry is.
Cash is king as reality hits MGM
March 16, 2009
MGM Mirage Facing Breakup | online.wsj.com
MGM Mirage (MGM) has to sell to keep out of bankruptcy. The winners will be companies that already have their gaming licenses and have cash or credit to pick up prime casinos cheap, including Wynn (WYNN) and Penn National Gaming (PENN) in the U.S. and Pansy Ho in Macau.
March 12, 2009
Ohio Jobs and Growth Plan | www.casinocompendium.com
Penn has switched course in Ohio, why?
March 12, 2009
Ohio Jobs and Growth Plan | www.casinocompendium.com
Penn National Gaming (PENN) is one of the few gaming companies with a pile of cash. After spending millions to defeat a proporsal for casinos in Ohio in last year's election, it has now switched sides. It will probably lose, but it won't cost that much money, and the potential return on investment is enormous.
March 10, 2009
MOVEMENT AFOOT AMONG HOTEL OPERATORS TO REINVENT LAS VEGAS YET AGAIN | www.lvrj.com
Can new thoughts of marketing the Las Vegas gaming arena hold water? How can this be achieved during such a poor and receding economy. Where do these guests get new money to finance these vacation trips? Las Vegas has been reinvented several time with varying affect. Can a new effort take hold?
BUYING INTO STATION CASINOS COULD BOLSTER BOYD GAMING'S STATURE IN THE LAS VEGAS LOCALS MARKET
March 2, 2009
BOYD'S NET LOSS OVERSHADOWED BY POSSIBLE STATION BUY | www.lvrj.com
This possible purchase by Boyd Gaming Group of some of Station Casinos properties could help Boyd's position in the local market. My thought is that where does it leave their mega resort The Echelon that was recently halted on the Las Vegas Strip. It would seem more prudent to get this project on the road again. By any standards, the locals market has been in a state of flux to say the least. No doubt Boyd is anticipating a superb deal from Station Casinos. The time may be ripe for a transition of properties. It remains to be seen just what the real reaction from Station will be.
Wynn Resorts becoming "more Chinese" with Hong Kong IPO
September 24, 2009
California's Impact on the Las Vegas Strip, City Center & the port of LA
September 8, 2009
Great News for Slot Manufacturers, If Legislature Agrees
August 31, 2009