#Chad Beynon

Review Journal

Sale of Mirage shows high-priced casino rents on Las Vegas Strip

When The Mirage changed hands this week, it marked the beginning-of-the-end for its iconic volcano attraction. The sale also shed more light on a growing, lucrative real estate trend on Las Vegas Boulevard: Casino landlords are collecting hefty rents. MGM Resorts International announced Monday that it closed its nearly $1.1 billion cash sale of The…
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Sale of Mirage shows high-priced casino rents on Las Vegas Strip
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Caesars Sportsbook opens at Downtown Grand Hotel & Casino Tuesday 31 January 2023 - 10:34 am A new Caesars Sportsbook has launched at Downtown Grand Hotel & Casino in Las Vegas, Nevada. The new venue marks the first Caesars Sportsbook location in...

Caesars Sportsbook opens at Downtown Grand Hotel & Casino
Tuesday 31 January 2023 - 10:34 am


A new Caesars Sportsbook has launched at Downtown Grand Hotel & Casino in Las Vegas, Nevada.

The new venue marks the first Caesars Sportsbook location in...
The Nevada Independent

Gaming slowdown? Not in Nevada as casinos head toward a record

Nevada could shatter last year's record-breaking gaming revenue totals in just 11 months. October marked the 20th straight month of $1 billion or more in state gaming revenue, according to figures released Tuesday by the Gaming Control Board. Statewide, gaming revenue sits at $12.3 billion for the first 10 months of 2022, more than 12 percent above…
Finance
Gaming slowdown? Not in Nevada as casinos head toward a record
The Nevada Independent

Indy Gaming: Caesars pulls the plug on its three-year plan to sell a Strip casino

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz Caesars Entertainment CEO Tom Reeg wanted…
Sports
Indy Gaming: Caesars pulls the plug on its three-year plan to sell a Strip casino
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Nevada gambling revenue tops $1B for 18th consecutive month in August at $1.2B

Nevada's winning streak shows no sign of slowing down: the Silver State has now reported its 18th consecutive month of more than $1 billion in gambling revenue. According to the lastet data released by the Nevada Gaming Control Board on Thursday, the state collected $1.2 billion from its casinos in August, a figure 26.7% up from the same month in…
Finance
The Nevada Independent

Indy Gaming: Caesars enters NYC casino skirmish after first rejecting the idea

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz Caesars Entertainment's entrance into an…
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Indy Gaming: Caesars enters NYC casino skirmish after first rejecting the idea
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BetMGM Adds Live Table Games in West Virginia Online Casino Market

BetMGM has launched live tables - including the state's first private blackjack table - on its BetMGM casino platform in West Virginia. The live action expands the operator's gaming options; making it one of the. In a partnership with Evolution technology, the new table offerings include many favorite games. In addition to a private BetMGM…
Live Gambling
BetMGM Adds Live Table Games in West Virginia Online Casino Market
The Nevada Independent

Indy Gaming: Slot company booths teeming with activity at G2E

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz The giant football helmet adorned with the…
Gaming Authorities
Indy Gaming: Slot company booths teeming with activity at G2E
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Review Journal

Tilman Fertitta’s hotel-casino plans on Las Vegas Strip headed for vote

Las Vegas' famed casino corridor is poised to get a big new competitor: billionaire Tilman Fertitta. Clark County commissioners are scheduled Wednesday to consider the Houston mogul's plans for a 43-story, 2420-room hotel-casino on the Strip. Located at the southeast corner of Las Vegas Boulevard and Harmon Avenue, the upscale project calls for…
Land-based
Tilman Fertitta’s hotel-casino plans on Las Vegas Strip headed for vote
The Nevada Independent

Legal changes make Colorado an enticing casino market for Nevada operators

DENVER - Nevada's major gaming companies avoided Colorado for nearly two decades after casinos were legalized in the historic mining towns of Black Hawk, Central City and Cripple Creek. It wasn't much of a gamble. Initially, bets in the state were limited to $5 and casinos were not open 24/7. The idea behind the 1990 legalization was to boost…
Industry
Legal changes make Colorado an enticing casino market for Nevada operators
The Nevada Independent

Indy Gaming: Slot companies’ proposed merger briefly fires up investors

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz The investment community was abuzz earlier…
Finance
Indy Gaming: Slot companies’ proposed merger briefly fires up investors
Seeking Alpha

Las Vegas casino stocks are seen as good bets to ride out economic downturn

Macquarie Research thinks casinos in Las Vegas are in better shape to handle an economic downturn than they have been in the past due to leaner cost structures and tight supply in the market. Analyst Chad Beynon and team also pointed to strong pent-up demand for work travel and conferences, which are expected to help counterbalance a softer leisure…
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Las Vegas casino stocks are seen as good bets to ride out economic downturn
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The Nevada Independent

Experts: Efforts to ban smoking in Atlantic City casinos wouldn’t succeed in Nevada

New Jersey legislation that would ban smoking inside Atlantic City casinos has led to competing research about whether such action by state lawmakers would further destroy the Boardwalk's gaming revenue. The heated debate has largely been ignored in Nevada, where just two casinos are smoke-free and any mention of a smoking ban meets heavy…
Land-based
Experts: Efforts to ban smoking in Atlantic City casinos wouldn’t succeed in Nevada
The Nevada Independent

Indy Gaming: ‘Economic challenges’ keeping five Clark County casinos closed into 2023

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz Five Southern Nevada casinos that never…
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Indy Gaming: ‘Economic challenges’ keeping five Clark County casinos closed into 2023
The Nevada Independent

Indy Gaming: Nevada casino regulators call cryptocurrency a ‘complex’ topic

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz Volatile pricing fluctuations that can…
Land-based
Indy Gaming: Nevada casino regulators call cryptocurrency a ‘complex’ topic
The Nevada Independent

Closed casinos, visitation declines hurt two Clark County gaming markets

Two North Las Vegas casinos that have been closed for 23 months and a nearly 38 percent decline in visitation to Laughlin kept the Clark County communities from meaningful participation in Nevada's record-shattering $13.4 billion gaming revenue year in 2021. According to the Gaming Control Board, the markets were the only two of Nevada's 18…
Industry
Closed casinos, visitation declines hurt two Clark County gaming markets
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The Nevada Independent

Nevada casinos near all-time gaming revenue mark after strong November

Nevada casinos have recorded their third-highest gaming revenue year. And there is still one month to be added to the 2021 books. The Gaming Control Board said Wednesday that statewide gaming revenue in November was $1.32 billion, just shy of the single-month record of $1.36 billion reported in July. November's totals were a 41 percent increase…
Land-based
Nevada casinos near all-time gaming revenue mark after strong November
The Nevada Independent

Vegas-based Full House Resorts approved for casino resort near Chicago

Moments after Full House Resorts won preliminary approval from the Illinois Gaming Control Board Wednesday to build a casino and hotel complex 40 miles north of downtown Chicago, investors expressed their delight for the small Las Vegas-based gaming operator. Shares of Full House, which operates five casinos in four states, jumped more than 20…
Travel
Vegas-based Full House Resorts approved for casino resort near Chicago
The Nevada Independent

A buyer’s market: Vegas Strip casinos a hot commodity

High-profile Las Vegas Strip resorts aren't put up for sale every day. Last week, however, Caesars Entertainment and MGM Resorts International, the Strip's two largest operators with a combined 17 properties, each said they wanted to part ways with a hotel-casino. In a year that has seen more than $30 billion in announced mergers and acquisition…
Covid
A buyer’s market: Vegas Strip casinos a hot commodity
Northern Nevada Business Weekly

Nevada casinos post 7th straight billion-dollar revenue month

LED signs of the Hard Rock and Montbleu casino/hotels in Stateline thank first responders on Sept. 1, 2021.Photo: Christian Monterrosa / The Nevada Independent Howard Stutz | The Nevada Independent California's wildfires were the primary culprit in diminishing activity and business at casinos on the north and south shores of Lake Tahoe during…
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Nevada casinos post 7th straight billion-dollar revenue month
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The Nevada Independent

Indy Gaming: G2E roundup finds optimistic CEOs, where the next Hard Rock LV isn’t going and a push for non-smoking casinos

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how they tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz The word that was ubiquitous throughout the…
Sports
Indy Gaming: G2E roundup finds optimistic CEOs, where the next Hard Rock LV isn’t going and a push for non-smoking casinos
Review Journal

MGM Resorts sells casinos for billions, rents for huge sums

In a burst of multibillion-dollar deals, Las Vegas has seen investors pay mountains of money the past few years to own high-profile casino-resorts. Those sales have also shown what casino operators - well, one in particular - are willing to pay to rent these properties. MGM Resorts International has reached deals since fall 2019 to lease Bellagio,…
Travel
MGM Resorts sells casinos for billions, rents for huge sums
The Nevada Independent

Indy Gaming: Casino operators and investors concerned about Macau plans for gaming license overhaul

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how they tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz Macau casino operators finally got an answer to…
Finance
Indy Gaming: Casino operators and investors concerned about Macau plans for gaming license overhaul
The Nevada Independent

Indy Gaming: Expanding usage of mobile wallets and cashless payments requires education for players and casino staff

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how they tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz Sightline Payments Executive Vice President Omer…
NFL
Indy Gaming: Expanding usage of mobile wallets and cashless payments requires education for players and casino staff
The Nevada Independent

MGM Resorts still the Strip’s largest casino operator, just not its biggest landowner

Nearly a decade ago, MGM Resorts International owned much of the Las Vegas Strip. The company controlled more than 800 acres along the resort corridor, much of which housed 10 Strip resorts, the 67-acre CityCenter complex, a 33-acre concert venue and 23 acres that became The Park dining and retail space and T-Mobile Arena. "It's a good time to be…
Travel
MGM Resorts still the Strip’s largest casino operator, just not its biggest landowner
World Casino News

Positive pronouncements on Las Vegas Sands Corporation

In the United States and numerous industry analysts have reportedly predicted that the recent passing of Sheldon Adelson (pictured) at the age of 87 should have little serious impact on the immediate future of Las Vegas Sands Corporation. According to a story from CDC Gaming Reports, Adelson died at his home in southern California on Monday…
Industry
Positive pronouncements on Las Vegas Sands Corporation
Barron's

Las Vegas Has Been on a Roll. Here’s How to Play the Next Leg of Its Rally.

Investing in Las Vegas, like the city itself, continues to evolve. Starting last year, investors bid up Las Vegas-related stock prices and valuations, in part in anticipation of a strong economic recovery helped by pent-up demand, and in part because they look favorably on the recent rush of casino operators into the promising early days of digital…
Strategy Guide
Las Vegas Has Been on a Roll. Here’s How to Play the Next Leg of Its Rally.
Review Journal

Tribal casino operators see opportunity in Las Vegas

The Las Vegas market is proving to be attractive for tribal gaming operators. In October, Mohegan Gaming & Entertainment became the first tribal enterprise approved to run a casino in the Las Vegas resort corridor. Seven months later, the San Manuel Band of Mission Indians announced plans to purchase Palms for $650 million. And Hard Rock…
Gaming Authorities
Tribal casino operators see opportunity in Las Vegas