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24. As the first licensed resort casino in Massachusetts, MGM Springfield offers the first live table games, such as blackjack. Forget yesterday's news. Get what you need today in this early-morning email. Thank you for signing up! Sign up for more newsletters here “Bottom line, it is permissible under state law, under our regulations, because we’re private property, to [remove] anyone we identify as an advantage, card-counting player,” Mathis said Thursday. The practice of removing card counters “is generally accepted through most jurisdictions, because those individual are also taking revenue out of the state’s hands.” The Massachusetts Gaming Commission, through a spokesman, confirmed that “ultimately, the decision to remove a patron is under the purview of MGM management.” Card counting was the technique employed by the famed MIT Blackjack Team, which inspired the 2008 movie “21.” Among top-echelon blackjack players, Hyland, 62, of New Jersey, is well-known. He has been playing the game professionally most of his life. “I’ve had some tremendous wins and devastating losses,” Hyland said.
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It said Naouri was focusing on Rallye’s high levels of debt, and that Naouri confirmed that Rallye and Casino would not merge and executives were “working on the Rallye issue but it was too early to talk about it.” Casino was also looking closely at its 20 underperforming hyper markets and was now ready to take more drastic steps by selling or closing them, added Kepler Cheuvreux’s note. Rallye, through which Naouri controls the Casino retailer company, needs to repay over 600 million euros ($702 million) worth of bonds in October and 300 million in March. The more Casino’s shares fall, the less room Rallye has to manoeuvre since its credit lines require it to pledge Casino shares as collateral for its debts. Ion-Marc Valahu, a fund manager at Geneva-based investment firm Clairinvest, said the Kepler note was helping to lift Casino’s shares on Friday. “The comments made by Naouri in the Kepler note are reasonably reassuring, and the fact that Naouri has communicated is good as there is nothing worse than staying silent during a period of turbulence,” said Valahu, whose firm owns some Casino shares. “Rallye has some bonds maturing in the next couple of months, and that will determine the future of the company,” he added.
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