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sycuan casino hotel openingStocks 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. 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.  a loss of 14.8 percent.CEO Mark Frissora quickly went on damage control. doubledown casino downBoth stocks are losing value on the financial disclosures.It’s been a dismal week for the casino sector as a whole on Wall Street. (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 perspblackjack casino 2021 glwsective.”Analysts were predicting earnings per share (EPS) for MGM at 29 cents. Both stocks are losing value on the financial disclosures.It’s been a dismal week for the casino sector as a whole on Wall Street. rey8 casino no deposit bonus

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riverwind casino online gamesIt is not a weakness in Vegas, but a programming issue,” Frissora told shareholders. 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. 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 percblackjack casino 2021 glwsent 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 poker casino 2000MGM and Wynn Resorts CEOs are on the defensive this week following the releases of their second quarter results revealing both casino operators missed earnings forecasts. 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. MGM’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. live casino 12macau

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chinook winds casino numberThe 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. MGM’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. 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. MGM’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. “This is not some reason to panic or think Vegas is weak.  a loss of 14.8 percent.CEO Mark Frissora quickly went on damage control. lake tahoe casino sports book