Revel Casino’s Titanic Debt Attempting to Avoid an Iceberg

Skrill Nabs Two Gaming Awards, Acquires Paysafecard

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

First up, they picked up the ’Payment Solutions Provider business of the season’ honor at the 2013 Overseas Gaming Awards, held February 4th in London, England. The judging for the award considered such factors due to the fact speed and ease of use associated with the payment provider’s solution, because well as their innovation in the field, and exactly how they’ve improved their service within the year that is past.

Skrill added to their hardware haul on February 8th at the iGB Internet Awards, picking right on up the award for ’Best Payment System’. Also occurring in London, the shortlist of nominees was determined by user votes, utilizing the final nominees being judged by a panel of iGaming experts. Skrill was handed the award on the merits of their reliability and high standards, their low processing charges, and their customer that is excellent solution.

In a news release following their award wins, Skrill SVP of Sales and advertising, Craig Doyle commented: ’As the payment industry becomes more and more competitive, we’re proud to be recognized while the most readily useful repayment solution within the gaming sector. As Skrill continues to i Continue reading ”Revel Casino’s Titanic Debt Attempting to Avoid an Iceberg”

Can a witness is got by me? Adelson Heading Back to Court in Breach Case

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

According to a recent securities and exchange Commission (SEC) filing, MGM Resorts International exercised its directly to end their agreement to manage the house based for a lack of pre-opening milestones having been achieved as of March 1, 2013. The project is partially owned by Las Vegas-based Pinnacle Entertainment.

Bad Bet

The story began in August of 2011, with Pinnacle purchasing a $95 million stake in Asian Coast Development, with Harbinger Capital Partners being the majority owner. Pinnacle had been a 23 % stakeholder; apparently, that wasn’t a harbinger of good things to come.

By 2012, Pinnacle had already written off $25 million on the investment, brought on by delays. A prominent video gaming security analyst, Chad Beynon of Macquarie Securities, told investors he expected that Pinnacle could well just 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 significantly detract from the success of this resort/casino,’ stated Beynon in a report that is recent. ’MGM not only provided an international brand title, but it absolutely was also a significant part of the design and vision associated with phase that is first. It remains un Continue reading ”Can a witness is got by me? Adelson Heading Back to Court in Breach Case”