Posts Tagged ‘hotels’

Las Vegas, the Macau of America

Posted by Nicolae on February 13th, 2008 under Asia, Business, Casinos, Gambling industry, Investments, Las Vegas, Macau, United States
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Interesting change, isn’t it? It seems that starting with this year, Las Vegas will be no more the capital of the gambling world. The Sin City is growing old.
In accordance with Macau’s Gaming Inspection and Coordination Bureau, casinos in Macau took in gross gambling revenue of $10.4 billion in 2007, [...]

Gambling and entertainment investment in Chile

Posted by Nicolae on January 22nd, 2008 under Casinos, Gambling industry, Investments, Politics
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Merchant bank Clairvest Group Inc. and Clairvest Equity Partners III Limited Partnership are investing $41.6 million in a new gambling and entertainment centre in southern Chile, adjacent to the city of Concepción.
The centre will include a casino, hotel, entertainment theatre, restaurants and family entertainment facility. The completion of the casino is [...]

Gambling predictions, 2008

Posted by Nicolae on January 2nd, 2008 under Asia, Atlantic City, Business, Casinos, Dubai, European Union, Gambling industry, Gran Scala, Las Vegas, Macau, Online Gambling, Predictions, Projects, UIGEA, United States
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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 Entertainment - new owners for Casino & Hotel Resort chain

Posted by Nicolae on December 28th, 2007 under Atlantic City, Business, Casinos, Gambling industry, Las Vegas, United States
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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 [...]

MGM Mirage - Entertainment, hotels and casinos

Posted by Nicolae on December 22nd, 2007 under Atlantic City, Casinos, Dubai, Las Vegas, Macau, United States
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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, [...]