Debt Issues Remain the Big Story for Casino Stocks
Casino companies showed mixed performance Friday as they continued to navigate debt problems.
Related Casino News:
- Rooney’s gambling ‘issues’ resolved
- Rooney settles gambling issues
- Rooney settles gambling ‘issues’
- Rooney Settles ‘Issues’ Over Bet Debts
- Case closed: Pacman’s casino debt handled
- Agent: Pacman to pay $20,000 Vegas casino gambling debt
- Rooney Resolves Gambling Debts Row
- Debt-hit bingo operator looking to fund investment with debt-for-equity swap
- Malaysian judge denies UK gambling order
- Fergie rejects Rooney gambling debt story
- Rooney resolves gambling row
- Bet debt obligations reinforced
Gambling casinos info:
- When playing blackjack, always split Aces and never split 4's, 5's or Tens. You would be surprised at how many players split Tens. Why risk getting a lower hand when you already have a twenty value? Also note that at most casinos, you are not allowed to re-split Aces.
- Video Poker machines were introduced in the 1970s, when an oil embargo had a negative impact on Vegas revenues. The machines were popular enough to spark a recovery in casino business.
- People earning $10,000 per year gamble more than twice as much money as people earning $30-40,000 per year. People earning $10,000 per year gamble four times as much money as those making $80,000 or more per year.
- 1993: Steve Wynn buys the Dune Hotel, then implodes it to make way for the Bellagio. The new MGM Grand is completed, once again becoming the world's largest hotel. On December 31, Barbra Streisand stars in the inaugural concert at the MGM Grand Garden Arena.
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