Revel Casino’s Titanic Debt Attempting to Avoid an Iceberg

Skrill Nabs Two Gaming Awards, Acquires Paysafecard

It was a banner week this previous week for payment solutions provider Skrill Moneybookers Ltd., while they further solidified their position since the premier provider of online re payment services for the gaming industry.

First up, they picked up the ‘Payment Solutions Provider business of the Year’ honor at the 2013 International Gaming Awards, held February 4th in London, England. The judging for the award considered such facets since the speed and simplicity of use regarding the payment provider’s solution, because well as their innovation in the industry, and exactly how they’ve improved their service throughout the year that is past.

Skrill added to their hardware haul on February 8th at the iGB Internet Awards, picking right on up the honor for ‘Best Payment System’. Also place that is taking London, the shortlist of nominees was decided by user votes, because of the final nominees being judged by a panel of iGaming experts. Skrill was presented with the award on the merits of their reliability and high standards, their low processing costs, and their customer that is excellent service.

In a press release following their award wins, Skrill SVP of product Sales and advertising, Craig Doyle commented: ‘As the payment industry becomes a lot more competitive, we’re proud to be recognized while the payment solution that is best within the gaming sector. As Skrill continues to innovate and develop throughout 2013, w Continue reading “Revel Casino’s Titanic Debt Attempting to Avoid an Iceberg”

Can I Get a Witness? Adelson Heading back once again to Court in Breach Case

It’s No Go Ho for MGM Resorts. Maybe Vietnam are Asia’s first bust that is big community things are certainly not looking cheery for the MGM Ho Tram Strip these days ( just for want of a ‘p’ are the jokes on that name perhaps not endless).

Based on A securities that is recent and Commission (SEC) filing, MGM Resorts International exercised its right to terminate their agreement to manage the house based on a not enough pre-opening milestones having been achieved as of March 1, 2013. The task is partially owned by Las Vegas-based Pinnacle Entertainment.

Bad Bet

The tale began in August of 2011, with Pinnacle purchasing a $95 million stake in Asian Coast Development, with Harbinger Capital Partners being almost all owner. Pinnacle was a 23 per cent stakeholder; apparently, that wasn’t a harbinger of good things to come.

By 2012, Pinnacle had already written off $25 million on the investment, due to delays. A prominent video gaming safety analyst, Chad Beynon of Macquarie Securities, told investors he expected that Pinnacle could well simply take even more write-offs on the property that is vietnamese.

‘The fact that MGM Hospitality will no longer be associated with this specific project will greatly detract from the success associated with the resort/casino,’ said Beynon in a report that is recent. black diamond casino ship west palm beach ‘MGM perhaps not only provided an international brand name, but it was also a significant part of the design and vision of the first phase. Continue reading “Can I Get a Witness? Adelson Heading back once again to Court in Breach Case”