US gambling revenue dropped  15% in May. In Las Vegas, the percentage is 16.4%. As for Atlantic City, the casinos gambling revenue down 11% in June, comparing with the same month of the last year (a single casino shows an increase in revenue, Harrah’s Resort Casino). In Illinois, gambling revenue was [...]

It seems that it is very hard to make predictions on gambling, this year even more difficult than the other years, and online gambling much more difficult than the classical gambling.
2008 will be a very good year for the land casinos. Las Vegas has some big problems that will allow to other [...]

Harrah’s Casino & Hotel Resort chain, which also run the World Series of Poker, will have new owners, two private equity firms named Apollo Management and Texas Pacific Group, shelling out a whopping $17.7 billion for the acquisition, being complete in early 2008.
“The WSOP will remain a key brand in the [...]

Egypt intends to restrict the right to make copies of its ancient monuments by extending the copyright above 3000 years, claiming royalties for using likenesses of the Sphynx and the pyramids.So, casinos from Las Vegas, Atlantic City, Macau, future Gran Scala or any other entertainment center, will have to pay [...]

Type of the company: Public (NYSE: MGM)
Founded: 2000
Headquarters: Las Vegas, Nevada
Key people: Terrence Lanni (CEO)
Industry: Casinos and hotels
Products: Hotels
Revenue: $7.4 billion USD
Employees: over 70,000
Website: www.mgmmirage.com
MGM Mirage is a Las Vegas – based business engaged in the development, ownership and operation of hotels and casinos. The company began operations on May 31, [...]

Gambling is far from stopping its development all over the world. Asia, Europe, Middle East, Russia, USA, places where the gambling industry is one of the most profitable business.

After four years when it was built the last casino in Atlantic City (Borgata Hotel Casino & Spa), now it is its turn for [...]