Shares of U.S. casino companies fell on Friday amid concerns that a possible debt default at Dubai state-owned conglomerate Dubai World could derail a budding economic recovery that has seen investments by casinos in Las Vegas and emerging markets.
Friday, 27 Nov 2009 | Source: The Associated Press
Casino operator MGM Mirage said Friday that its CityCenter joint venture with Dubai World, the investment arm of the Dubai government, is not affected by Dubai World's request to delay repaying billions in debt and will still open on time.
Dubai's debt crisis rattled world financial markets Friday, raising concerns that some banks could further tighten lending and stall the global economic recovery.
Thursday, 26 Nov 2009 | Source: The Associated Press
Just a year after the global downturn derailed Dubai's explosive growth, the city is now so swamped in debt that it's asking for a six-month reprieve on paying its bills — causing a drop on world markets Thursday and raising questions about Dubai's reputation as a magnet for international investment.
Tuesday, 24 Nov 2009 | Source: The Associated Press
The New York-New York Hotel & Casino announced the winner of competition on Monday, declaring Vinny Blue “the ultimate go-to guy for all things New York-New York.”
Tuesday, 20 Oct 2009 | Source: The Associated Press
Billionaire investor Kirk Kerkorian is considering cutting his stake in MGM Mirage, the hotel and casino operator whose earnings have been hammered by the real estate market.
Developers of the $8.5 billion CityCenter on the Las Vegas Strip plan a 30 percent price cut on condos there that people have already agreed to buy, just help close the deals during the recession.
Stocks rallied to their highest closes since November Monday following encouraging economic reports from the U.S. and abroad and following news that auto sales got a boost from the "Cash for Clunkers" program.