gaming industry

A long-simmering controversy over MGM Mirage's (MGM) choice of development partners is just one in a long line of setbacks that has the company teetering on the edge of losing its entire stack of chips. The latest blow was a report by the New Jersey Division of Gaming Enforcement concluding that...

Las Vegas Sands (LVS) and MGM Mirage (MGM) might have a long-term reason to welcome another new mega-casino in Macau, but, as they say, in the long term, we'll all be dead. In the short term, however, they will have to vie for visitors with the latest newcomer, the 420,000 square-foot City of...

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...

The glitter of the Strip in Las Vegas is shining a little dimmer today, as the recession has raked a big stack of chips off the gaming table and left some key players struggling to pay up. Kirk Kerkorian's MGM Mirage (MGM) in particular is in danger of being taken for a long ride into the...