mgm casino to little caesars arenaBorgata 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. 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). slot machine casino ohioThe MGM gaming floor won 9.5 million of the market’s .8 billion wins. In July, the consumer price index (CPI), the primary gauge of inflation in the US, rose 0.60 percent month-over-month. In July, the consumer price index (CPI), the primary gauge of inflation in the US, rose 0.60 percent month-over-month. royal ace casino app

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island view casino mask policyThe 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. 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’ recenboomtown casino dinner buffett moves to slash routes to conserve cash. (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. thunder valley casino covidThey add that both Burke aboomtown casino dinner buffetnd 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 belThe 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. Ocean Casino Resort has brought several former Borgata marketing leaders to its Boardwalk property, and that has MGM Resorts in an uproar. nugget casino in reno

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mgm grand owns which casinosIn terms of brick-and-mortar gambling, slot machines and table games, the Marina District casino held a 26.4 percent market share in 2019. 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. She brought to Ocean “her unique access and intimate knowledge of Borgata’s marketing strategies and customer loyalty databases.”MGM claims Callahan was wooed away from Borgata by Ocean in the midst of his ongoing employment contract. 6 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. 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 vioboomtown casino dinner buffetlated their one-year non-compete agreements.Ocean is in the process of raiding Borgata’s casino marketing department. the golden nugget casino atlantic city