2024.07.12
soaring eagle casino gift shopBorgata 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. The MGM gaming floor won 9.5 million of the market’s .8 billion wins. They add that both Burke amohegan sun casino bingond Callahan are in violation of their non-competes.“In a transparent ruse to circumvent his non-competition obligations, Ocean gave the career casino marketing executive the title of ‘SVP of Hotel Operations’ despite the fact that during his 18 years of work at Borgata, he had never overseen hotel operations, never overseen housekeeping, never overseen front desk, bell desk, or janitorial serves (all of which are core hotel functions),” the lawsuit challenges.Three Others, TooBorgata beldrake casino watchInjunctive 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. However, these slots with a view seemingly market themselves. (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. black oak casino mask policy borgata casino and hotelclearwater river casino zz topanies’ 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. Wall Street analysts believe it will be 2022 at the earliest before domestic carriers see capacity levels on par with pre-crisis norms. “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). clearwater casino 4th of julyBorgata 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. However, these slots with a view seemingly market themselves. The MGM gaming floor won 9.5 million of the market’s .8 billion wins. intertops casino free chips river spirit casino on 81stmgm casino vaccine mandateIn terms of brick-and-mortar gambling, slot machines and table games, the Marina District casino held a 26.4 percent market share in 2019. The biggest US company in the industry by market capitalization, LVS says it has the cash to proceed with major Asia-Pacific enhancements while surviving 18 months in a no-revenue environment. MGM says Ocean has hired six ex-Borgata execs, at least two of which have viomohegan sun casino bingolated their one-year non-compete agreements.Ocean is in the process of raiding Borgata’s casino marketing department. Ocean Casino Resort has brought several former Borgata marketing leaders to its Boardwalk property, and that has MGM Resorts in an uproar. “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). Ocean Casino Resort has brought several former Borgata marketing leaders to its Boardwalk property, and that has MGM Resorts in an uproar. luckyland slots slots cliff castle casino 4th of july 2020 |