Cotai strip

Think the Playboy brand is dead? Think again. The company, famous for its iconinc magazine and velvet-clad bunnies, is heading to the world's biggest casino playground this year: the Chinese gambling region of Macau.

Las Vegas Sands (LVS) has gambled big on Macau, and like most high-rollers who stay in the game when the cards turn sour, it is being forced to scramble for cash to stay in the game. After failing to find an angel to buy or take a healthy stake in the Sands' holdings in China, it is now considering...

I wrote recently about the woes of MGM Mirage (MGM), and it comes as no surprise that other companies in the gaming industry are also rolling snake eyes. Las Vegas Sands (LVS) is highly leveraged, with turmoil in the front office, and a tall stack of chips invested in dicey real estate...