2024.07.19
jamul casino covid(Image: Ocean Casino Resort)Filed in the US District Court of Nevada, MGM Resorts, the parent company to Borgata, argues Ocean Casino has unlawfully hired several of its former marketing executives. He took with him his Borgata company cell phone and “all of the trade secrets stored therein.”Lawyers for MGM say Callahan and his counsel have refused to return the phone. However, these slots with a view seemingly market themselves. eldorado reno players cardIn terms of brick-and-mortar gambling, slot machines and table games, the Marina District casino held a 26.4 percent market share in 2019. Borgata has brought a lawsuit against Atlantic City competitor Ocean Casino on allegations that the boardwalk resort has poached its marketing executives and stolen its trade secrets. Rival MGM Resorts International (NYSE:MGM), the largest operator on the Las Vegas Strip, has .1 billion worth of liquidity as of June 30.PIMCO’s Kiesel told Bloomberg his firm has loaned money to “leaders” in the hotel and gaming industries, as well as to airlines via credits that are backed by new planes.Airlines Take OffThe airline industry rebounding is essential to Sin City’s recovery because most travelers arrive at the largest US gaming mecca via passenger jet.That makes Las Vegas vulnerable to airlines’ recenel royale online casino no deposit bonust moves to slash routes to conserve cash. blackjack online dealer casino empiredoubledown casino games facebookHowever, these slots with a view seemingly market themselves. Injunctive relief is necessary because all informal efforts to resolve the dispute and protect Borgata’s business from irreparable harm have failed,” the lawsuit contends.Borgata has long dominated the Atlantic City gaming industry. Wall Street analysts believe it will be 2022 at the earliest before domestic carriers see capacity levels on par with pre-crisis norms. choctaw casino mask mandate6 at 5.7 million.People PoacherMGM’s lawsuit primarily focuses on two of its former marketing executives: Kelly Ashman Burke, who was Borgata’s executive director of marketing, and William Callahan, who was the resort’s vice president of relationship marketing.MGM alleges that, following the termination of Burke’s employment agreement, Ocean quickly offered her a job. MGM says Ocean has hired six ex-Borgata execs, at least two of which have vioel royale online casino no deposit bonuslated their one-year non-compete agreements.Ocean is in the process of raiding Borgata’s casino marketing department. However, these slots with a view seemingly market themselves. wild horse pab casino covid valley forge casino locationmorongo casino dreb code“Any vaccine that comes out in the next 6 to 12 months, I think you could see a rebound, and that’s the next wave, or the rally.”Kiesel said the bond house is overweight travel and leisure debt in a “prudent way.”Back from the BrinkAs stocks tumbled and as US casinos were shuttered in March, concerns ramped-up about gaming companies’ ability to survive the pandemic.Several months later, some casino giants are as well-capitalized as they’ve ever been.For example, Las Vegas Sands (NYSE:LVS). anies’ ability to survive in a zero-revenue climate.Even if you look at the deeply-affected COVID-hit sectors, these companies have 20 to 36 months of liquidity,” said Mark Kiesel, co-manager of the PIMCO Total Return Fund in an interview with Bloomberg. Borgata has brought a lawsuit against Atlantic City competitor Ocean Casino on allegations that the boardwalk resort has poached its marketing executives and stolen its trade secrets. Relevant to gaming companies, airfares increased 5.4 percent, rental car prices jumped four percent, and hotel rates rose 1.2 percent, according to PIMCO research.“Taking a step back, US prices in travel and leisure services, in general, have been much more flexible during the COVID-19 crisis versus what we’ve seen in past crises,” notes the asset manager.Hard Rock was a distant second at 4 million.Of the nine casinos, Ocean ranked No. Rival MGM Resorts International (NYSE:MGM), the largest operator on the Las Vegas Strip, has .1 billion worth of liquidity as of June 30.PIMCO’s Kiesel told Bloomberg his firm has loaned money to “leaders” in the hotel and gaming industries, as well as to airlines via credits that are backed by new planes.Airlines Take OffThe airline industry rebounding is essential to Sin City’s recovery because most travelers arrive at the largest US gaming mecca via passenger jet.That makes Las Vegas vulnerable to airlines’ recenel royale online casino no deposit bonust moves to slash routes to conserve cash. poker casino zaragoza golden nugget casino mi |