Presently, no other hotel-casino openings or expansions are on the horizon.

FORBES: Don't Pay A Penny More Than $12.88 For MGM

In fact, several of the more sophisticated spots are in hotels, including the glass-walled Blu Horizon in the Shangri-La overlooking Sydney Harbour, Hemmesphere in the Establishment Hotel and the cavernous lobby-level Water Bar in BLUE Sydney.

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But if HMV's executives had looked out from that luxury beach hotel in Marbella, they might just have seen a few dark clouds forming on the horizon.

BBC: HMV: How the top dog lost its bite