Casino attendance and revenues are down. MGM Mirage is leaving town in order to focus on business in Macau. Pinnacle just plain wants out. Pennsylvania and Delaware are preparing to offer their own table games. Even the weather’s not cooperating. Seriously, Atlantic City’s looking pretty vulnerable right now. So it’s probably no surprise that investment firm Morgan Stanley decided to push its luck by asking for $300M in tax breaks to help finish construction of its Revel Entertainment Group casino project. Read more.
Morgan Stanley: Macau EBITDA to fall 6% in Q2 2018
July 9, 2018