Analyst: MGM casino probe could ripple in A.C.
An investigation by New Jersey regulators into MGM Mirage’s business dealings in Macau could result in the gambling behemoth’s exit from Atlantic City, an analyst said yesterday.
Related Gambling News:
- Experts: Big boats in demand
- Casino analyst favors G’burg
- Storms hurt casino revenues head on, with ripple
- KeyBanc Analyst Cuts Casino Stocks
- Analyst looks at Lakes Entertainment’s casino plan
- Ahead of the Bell: analyst upgrades slot makers
- Analyst cites damning statistics against ref
- Poker night necessities
- Ameristar shares fall as analyst cuts 4Q estimate
- Analyst warns of gambling decline in Reno
- Gaming board faulted for picking owner under probe
- Ameristar rises as analyst optimistic on St. Charles hotel
Gambling history facts:
- The Gold Rush brought a huge increase in the amount and types of gambling to California. San Francisco replaced New Orleans as the center for gambling in the United States.
- Many casinos in Nevada were financed by mobsters. Most notable perhaps was Las Vegas' Flamingo which was opened in 1947 by Bugsy Siegel.
- Legal gambling operations in Washington reported $1.7 billion in net receipts in 2005: 61 percent was reported by tribal casinos, 10 percent came from the state lottery. 2 percent of responders in a February state survey said they placed bets online.
- It was during the 1930's that slot machines began to become very popular across America, and in the late 40's Bugsy Siegel added machines to his Flamingo Hilton hotel in Las Vegas.
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