Menixcasino

Towns Surrounding Plainridge Park Casino Petition Massachusetts Gaming Commission for Table Games

Several towns located near the Plainridge Park Casino in Plainville, Massachusetts, are urging the state’s gaming agency to allow the slots-only facility to incorporate a modest number of table games. Patrons find a sea of slot machines at the Plainridge Park Casino, but no table games. (Image: John Tlumacki/The Boston…

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MGM CEO Jim Murren Wins $2.3 Million Legal Spat with Former Vegas Exec Over New Zealand Winery

A judge in New Zealand has ordered former Mandalay Bay Resort Group director Glenn Schaeffer to pay MGM CEO Jim Murren and another former Las Vegas executive, Daniel Lee, $2.3 million to resolve a dispute over a winery. MGM Chief Jim Murren believed he would become a partner and shareholder…

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Okada Manila Raises $600M to Complete Philippines Integrated Casino Resort

Okada Manila parent company Universal Entertainment has raised $600 million through the issuance of privately placed debt notes in order to complete the integrated casino resort in the Philippines’ capital city. Okada Manila is putting the $600 million finishing touches on the multibillion-dollar casino resort. (Image: Alecs Ongcal/Rappler) Opened in…

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Bidders for Final New Mexico Racino License Left in Limbo as Racing Commission Postpones Decision

The New Mexico Racing Commission (NMRC) will keep bidders for the state’s sixth and final racino license on tenterhooks, after an eleventh-hour legal challenge prompted it to postpone its decision. Full House Resorts’ “moving grandstand” is one of five proposals bidding for the sixth New Mexico racino license. The choosing…

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Palms Renovation Cost Increases Again, Red Rock Spending $690M on Off-Strip Property

The Palms Las Vegas renovation budget seems to have no cap, as Red Rock Resorts announced during the company’s third quarter call that the price tag to overhaul the off-Strip property is once again increasing. More money is being dumped into the Palms by Red Rock Resorts. (Image: KM Cannon/Las…

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Philippine Casinos Would Benefit From Better Airport Infrastructure

Casinos in the Philippines would benefit with more resilient VIP high roller play if the country invested in improving its airport facilities, a research note opines this week. Frequent delays and cancellations, along with airports already serving more passengers than originally intended, are hindering foreign high rollers from wanting to…

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Gaming Analyst Says Domestic Casino Stocks Present Buying Opportunities, Cautiously Optimistic on Macau

Jefferies gaming analyst David Katz is bullish on domestic casino stocks that he feels have been oversold this past year and are now cheap and ripe for the taking. Gaming analyst David Katz has a target price of $170 for Wynn Resorts. The company is trading around $110 this week.…

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