Topic: Casinos and Off-Track Betting Facilities

Blizzards bury AC casinos in bad financial news

February blizzards leave Atlantic City's casinos buried in bad financial newsThe snowiest month ever recorded in Atlantic City kept would-be gamblers frozen in their homes in February, contributing to a 15.7 percent decrease in casino revenues. The 11 casinos in the nation's second-largest gambling market took in ...
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MGM Mirage to sell $845 million in bonds

MGM Mirage, struggling with gambling slump, will sell $845 million in bondsCasino operator MGM Mirage said Tuesday it will sell $845 million in new bonds due in 2020, looking to build a healthier balance sheet amid a gambling industry slump. MGM, the world's second biggest casino operator, is seeing ...
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Atlantic City's Tropicana sale to Icahn done deal

Atlantic City's Tropicana in hands of billionaire investor Icahn after 2 years of wranglingIt took more than two years, nearly $12 million in fees to lawyers and others and a billionaire's bargain-basement bid, but the Tropicana Casino and Resort has been salvaged by its sale to Carl Icahn ...
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A glance at Wynn Resorts' 4th qtr performance

Performance figures from the 4th-qtr earnings report of casino operator Wynn ResortsWynn Resorts, a Las Vegas-based casino operator run by billionaire Steve Wynn, has had a tougher time getting luxury customers to pay top dollar for trips and entertainment at its high-end resorts in Las Vegas. But strong results in ...
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