HEADLINES

Friendlys Files Chapter 11

10/5/2011
Friendly's has filed a voluntary petition for Chapter 11 bankruptcy and will close 63 under-performing restaurants. Management anticipates that cash flow, plus $70 million in DIP financing, will allow them to meet obligations and restructure into a healthier position.

NTN Buzztime Buys Stump! Trivia

10/4/2011
NTN Buzztime, Inc. announced on Monday the acquisition of the hosted live trivia event business Stump! Trivia from Trailside Entertainment, Inc.

MGM Resorts Standardizes on MICROS OPERA

10/3/2011
MGM Resorts International has implemented MICROS OPERA Enterprise Solutions in 14 of its properties, and is now standardized on property management and central reservations across those locations.

Major Hotel Groups Join Forces to Secure Credit Card Data

9/29/2011
At least sixteen major hotel groups from around the world plan to work together to develop an industry security framework for handling sensitive credit card data. Intended to dramatically improve the security of credit card processing by and for hotels while significantly reducing costs, the effort has been chartered as a working group of Hotel Technology Next Generation (HTNG).
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