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seneca niagara casino wikiMGM’s Jim Murren, left, and Wynn Resorts CEO Matt Maddox, two of the most powerful executives in Las Vegas, are trying to ease investors’ fears. Similarly to Caesars CEO Mark Frisorra, the MGM exec says the stock selloff is a result of companies cautioning investors that demand in third quarter for Las Vegas casinos is a bit soft.He points to the Floyd Mayweather and Conor McGregor August 2017 mega fight as one reason that the current three-month quarter is a tough comparable. It is not a weakness in Vegas, but a programming issue,” Frissora told shareholders. cashman casino ibues“The stock reaction has to do with the fact that we’re eight months out of the bankruptcy,” the CEO declared.Looking ahead, Frissora expects the fourth quarter to be strong in terms of events and bookings. “This is not some reason to panic or think Vegas is weak. Increased resort fees and the elimination of free parking up and down the Strip are a fan favorite among social media critics who say such changes are making Sin City less desirable.Murren says that’s not the case. casino table games names

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golden nugget casino las vegas nevadaThe company reported net profits of 3.8 million in April through June, which equates to just 21 cents EPS.Wynn was expected to deliver EPS of .97, but the company said its Q2 profits would only deliver .53 each. “This is not some reason to panic or think Vegas is weak. Increased resort fees and the elimination of free parking up and down the Strip are a fan favorite among social media critics who say such changes are making Sin City less desirable.Murren says that’s not the case. miami club casino mifree20 bonus codes(Image: Richard Brian/Jeff Scheid/Las Vegas Review-Journal/Casino.org)MGM boss Jim Murren told shareholders, “I don’t like calls like this,” while Wynn chief officer Matt Maddox said investors need to “put everything in perspbellagio casino atm qjhwective.”Analysts were predicting earnings per share (EPS) for MGM at 29 cents. He was interviewed on CNBC where he tried to convince viewers and shareholders that the market was overreacting.“We had a great quarter and we continue to have great prospects,” Frissora stated. Increased resort fees and the elimination of free parking up and down the Strip are a fan favorite among social media critics who say such changes are making Sin City less desirable.Murren says that’s not the case. free lightning slot machines

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seven feathers casino poker roomStocks plummeted on Wednesday after Caesars Entertainment warned its investors that demand was down in the months ahead in terms of Las Vegas bookings.Murren Blames BookingsThere’s a host of reasons being circulated as to what caused the companies to come in short of projections. Stocks plummeted on Wednesday after Caesars Entertainment warned its investors that demand was down in the months ahead in terms of Las Vegas bookings.Murren Blames BookingsThere’s a host of reasons being circulated as to what caused the companies to come in short of projections. Despite earnings declining 41 percent in Q2, Murren said April through June “came in better than we expected.”Maddox Talks Macau, MassachusettsMaddox said net profits at its two casinos in Macau surged over 56 percbellagio casino atm qjhwent in the second quarter, but there’s concerns that Wynn Palace is poaching revenue away from the company’s downtown enclave property.Wynn Macau earnings fell 15 percent, largely due to reduced play from high rollers.“Wynn Macau had a tough VIP environment on lower volumes from several junket operators as several competitors got back into the game with new rooms and more credit,” Maddox detailed.The Wynn executive said those new junkets took some VIPs to other casinos that were willing “The stock reaction has to do with the fact that we’re eight months out of the bankruptcy,” the CEO declared.Looking ahead, Frissora expects the fourth quarter to be strong in terms of events and bookings. The chief executive, who left Hertz in 2015 to replace former Caesars CEO Gary Loveman, said the easing in Las Vegas is a short-term blip.Frissora remains bullish on the company’s fourth quarter, largely due to conventions that are already booked for October through December. The company reported net profits of 3.8 million in April through June, which equates to just 21 cents EPS.Wynn was expected to deliver EPS of .97, but the company said its Q2 profits would only deliver .53 each. online gambling in nyc