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...earlier and faster rally than those that focus on regional markets, analysts say. There have already been signs of improvement in Las Vegas, where traffic has increased in the past four months, although gaming revenue remains flat, says Bill Lerner, chief executive of research group Union Gaming Group. Also, some companies like MGM Mirage (MGM) who were buried under a mountain of debt and teetering on bankruptcy a year ago have managed to restructure their debt issues and are no longer on analysts' bankruptcy watch lists...
...Also, the average age of Atlantic City's casinos is 26 years, making it difficult for the outdated gambling houses to compete with newly built ones in nearby states, says Chris Snow, a CFA and senior analyst at CreditSights, an independent credit-research firm. (See 10 things to do in Las Vegas...
Brashear believes MGM would see the biggest rally from a Las Vegas recovery, with Wynn and Las Vegas Sands also reaping benefits...
...Pope also wrote that a team of Vatican inspectors would be sent to dioceses, seminaries and religious congregations in Ireland. But victims' groups were unimpressed, charging that the papal letter had failed to address the cover-up of child abuse by the Irish Catholic authorities exposed in recent weeks. "He didn't apologize for anything the church has done, only for the actions of pedophile priests," says Andrew Madden, who was abused as an altar boy and is a member of the victims group One in Four. "[The Church's actions] weren't just down to errors of judgment. This...
...after the meetings, and Smyth went on to abuse dozens more Irish children before being convicted of 90 offenses against children some 20 years later. Some of those abused by Smyth claim other victims committed suicide because of the abuse. In the past week, two more Irish bishops have also apologized for their handling of abuse allegations in their own dioceses. (See why Ireland is running out of priests...