In Las Vegas, celebrities never die. You can see hologram versions of Michael Jackson and Whitney Houston on the Las Las Vegas Strip. Vegas has brought in artists that appeal to younger patrons. Sting, Aerosmith, Lady Gaga, Katy Perry, and pretty much every well-known DJ has taken up residence on Las vegans Strip recently.
Caesars Entertainment is selling a Las Vegas Strip property. The company has made it clear it owns too many rooms on the Strip. It's also not invested in its properties the way it has in other properties. Flamingo is an old-school property that needs a lot of work. Caesar's has invested heavily in Ballys.
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Caesars Entertainment took the Bally's name off one of its Las Vegas Strip properties. Baly's Corp. agreed to buy Tropicana's gaming assets from GLPI. Caesar's rebranded the hotel from Bly's to Horseshoe. Bary's has cleared the final hurdle when it comes to taking over Tropicaana.
The casino sector comprises firms from the gaming industry that offer leisure and other related services through resorts and casino gaming properties. Las Vegas Sands Corp. (NYSE: LVS), Wynn Resorts, Limited (NASDAQ: WYNN), MGM Resort International (NYSZ: MGM), Caesars Entertainment, Inc. ( NASDAQ : CZR), and Boyd Gaming Corporation ( NYSE: BYD) are among the prominent players in this segment. The casino segment was one of the worst-hit sectors during the COVID-19 pandemic. However, the stocks noted gains on September 21.
Las Vegas offers many different things than in other places. The main attraction on the Las Vegas Strip is the Elton John concert. Off the Strip, you can see a mermaid show at the Silverton Casino. The boutique resort is located at I-15 and Blue Diamond in Las Las. Vegas. It has a Mermaid School for kids ages 7-12. They are also allowed on select dates. In the past, the mermen were swimming in the tank. This feature was removed during the pandemic. Now, it's brought back in April. Silvertons is trying to attract customers away from the big players on Las Sin City.
Nevada has legal marijuana consumption. Las Vegas has a number of dispensaries, but tourists can't legally smoke cannabis in their hotel rooms. This has led to people smoking and vaping legally purchased marijuana in parking lots and on the Las Las Vegas Strip. The city will soon be home to legal cannabis consumption lounges.
MGM Resorts International and Caesars Entertainment have properties on the Las Vegas Strip. Caeresars and MGM have their properties clustered together on Central and South Strip, so what one does impacts the other. Caerds is giving its Bally's Resort and Casino a major overhaul and rebranding under the Horseshoe name.
The Las Vegas Strip is constantly changing. Fontainebleau resort/casino on the North Strip has been on track to open in 2023. Bally's, a Caesars Entertainment-owned resort, is being removed from the property. Caeres will buy Tropicana and bring the Baly's name back to the Strip. The deal to buy the Tropicsana has just cleared a major hurdle.
Unique New Las Vegas Strip Casino Faces a Problem. Fontainebleau broke ground on the northern section of the famed road nearly 20 years ago. Construction has been delayed multiple times, but it's now on track for a late-2023 opening under the original developer. The Las Las Vegas Strip has often been a sinkhole for projects. Anything that could hinder construction plans for any new projects is a red flag.
The Las Vegas Strip hosts residencies of many of the biggest stars of today. Caesars Entertainment and the newly-reopened Palms are planning a new type of headline act. Sin City has something for every musical taste. The city also has hologram-based shows in memory of Whitney Houston and Michael Jackson.
The Las Vegas Strip offers everything from virtual reality to augmented reality. Las Las has its own NHL team, the Golden Knights, and the NFL's Las Nevada Raiders. It also hosts major events including Formula 1, NFL Draft, NBA Summer League and more. Las Sin City is about to welcome a new sport that you actually play.
Las Vegas Casino is closing. The company run by the billionaire brothers who once owned the Ultimate Fighting Championship has closed another property. Land in Las Vegas is precious. MGM Resorts International sold Mirage and bought Cosmopolitan. Caesars Entertainment revamping Ballys resort/casino under its Horseshoe brand and putting Flamingo up for sale. Red Rock Resort has been busy acquiring land, developing a downtown casino on Fremont St. and closing some of its underperforming properties.
Few people put Las Vegas on their list for family vacations. There are few activities or events aimed at anyone under 21. The city tried to become a family destination in the 1990s, but it was a failed idea. Now the owner wants to be a Las Las Nevada Strip oasis for families. It's not the same as Disney World or a state fair that mixes family-friendly activities with beer gardens and other adult indulgences.
Disneyland opened in Anaheim, California in 1955. It attracts 16 to 18 million visitors a year. Las Vegas was legalized in the 1930s and has seen a boom in casinos and tourists since the 1950s. Club Med survey suggests that Disneyland is the most popular tourist attraction. The Las Vegas attractions are more suitable for adults. There are also family friendly events for kids. In Las vegans there are many rollercoasters and many hotels have roller coasters.
The long-time Las Vegas Strip venue has to find a new location as its current lease expires. The area is becoming more crowded with casinos, entertainment venues and shopping centers. Some casinos will embrace Starbucks while others will turn down Dunkin' as they don't want mass-market coffee brands on their properties. Caesars Entertainment's (CZR) - Get Caesar's Entertainment Inc. Report Planet Hollywood is looking for a location for its new entertainment venue.
Adele will resume her residency at the Colosseum at Caesars Palace on Nov. 18. She had to cancel earlier this year's 24 shows because of illness. The Las Vegas Strip has a long list of superstar performers planning residencies at hotel casino theaters through 2023.
MGM Resorts International bought the Cosmopolitan resort casino for $1.63 billion in September 2021. The deal did not close until May 2022. Construction projects on the Las Vegas Strip are very difficult and take a lot of time. Caesars Entertainment's Ballys resort/casino was transformed into Horseshoe brand.
MGM Resorts International made a deal to acquire the Cosmopolitan for $1.63 billion in September 2021. The deal did not close until May 2022. Caesars Entertainment's Ballys resort/casino rebranding took a lot of time. MGM has big news about what's happening at Cosmo.
MGM Resorts International is renovating its New York-New York casino with a massive remodel of its 1,830 rooms and 155 of the hotel's suites. The $63 million project will feature vibrant new designs and upgraded in-room amenities. It will be evocative of New Yorkers and modern conveniences. The resort recently launched Cirque du Soleil’s Mad Apple show. They want to keep the resort fresh and give guests new reasons to visit. to stay there. and to appeal to travelers from around the world. It's not meant to be over-the-top (like the giant Statue of Liberty out front).
Red Rock Resorts has big plans for expansion. It is challenging Caesars Entertainment, MGM Resort International, Wynn Reserves and other large Las Vegas Strip casino operators. Red Rock is working hard to build a local clientele instead of relying on tourists. It has a bold Strip-like property.
Macquarie Research thinks casinos in Las Vegas are in better shape to handle an economic downturn than in the past due to leaner cost structures and tight supply. Vegas searches are also noted to show continued growth. MGM Resorts has the highest revenue exposure to Las Las Vegas at 47%, followed by Caesars Entertainment (CZR) at 45%, Vici Properties (VICI) (30%), Golden Entertainment, (GDEN) and Wynn Resort (WYNN). Boyd Gaming (BYD) has indirect exposure.
The North Strip is getting closer to opening. Fontainebleau Development has shared details of the unique luxury retail shops that will be located inside the resort casino. The project started nearly 20 years ago and went through multiple owners before falling back into the hands of original owners. It will have a "unique integrated design" to create a shopping district spanning 90,000 square feet and featuring about 35 luxury stores on two levels. The resort developers want to make shopping a key part of Fontainbleaux experience. They want it to be conveniently connected and visible from the larger resort ecosystem.
The Las Vegas Strip has been the heart of gambling in the U.S. for decades. Over the last 20 years, resorts have focused more on non-gaming activities like hotels, restaurants, entertainment, and shopping. Investors are buying gambling stocks like MGM Resorts, Caesars Resort and Wynn Resorting.
Iconic Las Vegas Strip Resort Casino is likely to close. The Dunes, the Sands, Boardwalk and the Stardust were demolished to make way for something new. The current lineup of Caesars Entertainment and MGM Resorts International casinos has been relatively stable. In recent years, Hard Rock and even a WWE casino came and went without much ceremony.
Bally's Corp. stock is up 15% since August 5th. The company has cut its 2022 revenue and EBITDA estimates due to weakness at its venue in Atlantic City. Stifel analyst Jeffrey Stantial has a $29 price target and buy rating on Bally’s.
The pace along the Las Vegas Strip has picked up. The North Strip used to be a wasteland, but now it's become a hotbed. Fontainebleau Las Las has been delayed multiple times and is set to open in late 2023. Hawaiian Marketplace, an 80,000-square-foot shopping area, closed in July. It's not clear what's going to happen to the site.
The pandemic killed a lot of investment and construction projects around the country, but not in Las Vegas. Caesars Entertainment and MGM Resorts kept moving forward with huge projects. Fontainebleau Las Las Vegans is going to open in late 2023. The pand epidemic also saw the opening of Resort World Las veres and major projects at Circus Circus and Tropicana.
The Las Vegas Strip is some of the hottest real estate on Earth. Resorts World Las Las Vega is trying to unseat the market leaders Caesars Entertainment and MGM Resort International. The Strip has become the land of big names with celebrity chefs bringing their signature restaurants and the biggest entertainers taking up residency at world-class venues. Caeresars is rebranding Bally's Casino under its gambler-friendly Horseshoe brand and trying the sell Flamingo resort casino. MGM has not been sitting still as it sold off the Mirage and purchased the Cosmpolitan. CEO Bill Hornbuckle shared some plans for its newest top-tier Las Nevada Strip property.
Las Vegas Strip Casinos Have Good News for Royal Caribbean, Carnival and Norwegian Cruise Line Holdings Ltd. Report offers a cruise for guests staying in Las Vegas for a few days. Caesars Entertainment has a similar deal with a casino chain as MGM Resorts International. Since the pandemic, some customers that are important to the cruise industry and Las Las have stayed away.
Flamingo is being sold. Caesars Entertainment is planning to shed one of its Las Vegas Strip properties. It's a bit dated and needs updating. It has an old Las Las vibe. The company's CEO gave an update on that during the second-quarter-earnings call.
Red Rock Resorts is building a new resort casino in the Fremont Street area. The company operates resort casinos far off the Las Vegas Strip. Red Rock's smaller scale gives it an intimate connection to its customers. Redrock's plans include having large swatches of land ready for future development.
Cruise and Casino Stocks are the most volatile. The concept of beta measures a stock's volatility compared with the market as a whole. Equity-risk premium has soared 42% this year.
Caesars Entertainment, MGM Resorts International and Wynn Resort are the biggest players on the Las Vegas Strip. They build big, extravagant properties to attract tourists. Red Rock Reserves, the owners of Station casinos, is trying to do something different. It's trying for a new location. It caters more to locals than tourists, and it's looking for new locations.
The Volcano at Mirage is closing and Hard Rock International will build a guitar-shaped hotel on the Las Vegas Strip. The new attraction will be permanent. The Sin City area is full of neon and attractions. It's a new addition to the Sin city. Hard Rancher will add a permanent attraction to Sin Vegas. He will create a concert hall on Las Las Vitesse Strip, which will have a stage with a different theme every night.
If you can succeed in Las Vegas, you could succeed anywhere. Las Las is a city powered by tourists. Caesars Entertainment, MGM Resorts International and Wynn Resort are big players in the market. New York has a lot of tourism, but it's not the main source of its economy. Wynns has shown it can use the lessons it learned operating just off the Las. Vegas Strip and during the pandemic to bring its business all around the country.
Caesars Palace Las Vegas to Debut New Dining Concept, Stanton Social Prime, With Tao Group Hospitality and Chef Chris Santos
Stanton Social Prime will be a new dining concept at Caesars Palace Las Vegas. It will open this winter and will join a list of celebrity chef-led restaurants at the Las Las Vegas Strip Resort. The restaurant is hiring management positions.
Caesars shares plans for revamping Las Vegas Strip Casino. New casinos, including Dream Las. Vegas and the long-delayed Fontainebleau, are on their way. Hard Rock International plans a Guitar Hotel on the site of the Mirage's volcano. Caesar's plans to sell Flamingo resort casino and rebrand Ballys under its gambler-friendly Horseshoe brand. Celebrity chef Guy Fieri gave away a key part of this plan at a July 11 event.
Macau casinos are shut down for a week. Wall Street analyst cut his price targets for U.S.-listed casino stocks with exposure to Macau.
Covid has flared up and is causing problems for three Las Vegas-based companies. Caesars Entertainment and MGM Resorts International took a hit during the pandemic. The city's casinos, hotels and restaurants were closed for about two months. Trade shows were cancelled or went virtual. Consumer Electronics Show returned in January 2022. By March Madness and late-April's NFL Draft, the Strip was operating nearly normal.
Tilman Fertitta, owner of the Golden Nugget casino, has big plans for some land he has purchased on the Las Vegas Strip. He wants to build a new casino. The downtown casinos were closer to old-school Las Las than the mega-resorts owned by Caesars Entertainment, MGM Resorts International and Wynn Resort International.
The new Resorts World International's 59-story hotel tower has more than 3,000 rooms and a gaming floor that's nearly 120,00 square feet. Caesars Entertainment (CZR) and MGM Resort International (MGM) operate massive megaresorts. Wynn Reserves' (WYNN) signature property fits that category.
Caesars Entertainment Inc. is putting its Flamingo Resort Casino up for sale and rebranding Bally's Resort casino under the Horseshoe name. MGM Resorts International traded Mirage for the Cosmopolitan. Las Vegas has bounced back spectacularly after the financial crisis. The Las Las Vites Strip is the most valuable 4.2-mile stretch of land in the world.
Circa is a new resort casino on Fremont Street. It will be located on the site of a former hotel. The downtown area has a rougher reputation than the Las Vegas Strip. It's a place where you can get cheap food, live music and a photo session with street performers. Now, with the Strip exploding with new casinos, arenas and other developments, another major casino operator has set its sites on downtown for a major new project.
Digital slot games have changed the way they play. They have added bonus features and video inserts. The old-school game used to be mechanical, but now the game teases players more. Winning actual coins used for the first time in the past. Now the only way to win is to cash in a paper voucher. Las Vegas Strip casino is trying to bring back coin-based slot machines.
Las Vegas Strip Venue Abruptly Shuts Down With No Warning. Las Vegas undergoes constant change. Once iconic names are no longer found on the famed 4.2-mile stretch of road.
The pandemic led to a construction boom in Las Vegas. Fontainebleau Las Las Vegas is on track for a late-2023 opening. The new resort casino will bring a resort to an area on the Strip that has never had one. The Strip has become some of the most valuable real estate in the world.
A's Las Vegas Strip move is more likely now. Las Las Vega is a good option for teams looking for a better stadium/arena deal. The former Oakland Raiders used Las Nevada's interest in building a stadium for the team as a way to leverage a deal from Oakland. MLB's Oakland Athletics need a new stadium and they have looked at multiple sites on and off the Strip. They might consider Oakland's offer. It's also been talked about as the potential home of an expansion team.
Caesars Entertainment, MGM Resorts International and Wynn Resort Limited are offering reports on their casinos. Las Vegas is a city built on excess and allows people to do things they might not do at home. Caesar's, Wynns and others have to balance sin with entertainment. New data suggests it's not hard to decide whether to allow smoking in casinos, as it is in the day clubs.
Tropicana St. Louis LLC bought the Big Daddy's on the Landing for $1.2 million. The owner, Caesars Entertainment Inc., wants to see more residential and office uses in the area. BigDaddy's owner Ryan Loeffler shuttered the bar in January 2021 and sold it a year later. He operates four other restaurants: Big daddy's Soulard, Big dad's 618 in Belleville, Big diy's Edwardsville and Silver Creek Saloon in Belleville.
Owning a Las Vegas Strip casino is like buying a professional sports franchise. Caesars Entertainment and MGM Resorts International own many properties on the famed 4.2 mile stretch of road. Fontainebleau Las Las has been on a nearly 20-year odyssey and is on track to open in late 2023. Resort World Las was built from the ground up and opened on North Strip during the pandemic.
Monarch Casino & Resort owns and operates the Atlantis Casino Resort Spa in Reno, Nevada and the Monarch Casino resort in Black Hawk, Colorado. Caesars Entertainment, Inc. operates casinos, dining venues, bars, nightclubs, lounges, hotels, and entertainment venues in the United States. The COVID-19 pandemic-led restrictions proved to be a massive hurdle for the casino industry. However, companies providing online casino services were able to generate significant returns. According to Research and Markets, the global online gambling market is expected to reach $112.09 billion in 2025.
The construction cranes are visible on the Las Vegas skyline. New casinos are being built or upgraded along the Strip. Caesars and MGM are currently working on new projects. Circus Circus is getting an update. Plaza Hotel & Casino is undergoing changes. The long-delayed Fontainebleau has been put back on track for a late-2023 opening.
Elon Musk's plans are often ambitious. He wants to build a city on Mars and revolutionize transportation and energy on Earth. His SpaceX has brought the internet to places it has never gone before and his Boring Co. invented a new way to dig tunnels.
The National Football League draft in Las Vegas was one of the biggest crowds in the city since the covid pandemic. The pandemics had literally shut down the Las Vegans and even when it reopened, things were not normal. Now, the pandeman has flared up again and some venues in Vegas have decided to bring back indoor mask mandates.
Pennsylvania is now the nation's leading iGaming state. It is consistently among the top five states for sports betting.
The IRS has a limit for the amount of slot machine jackpot that must be reported to the federal agency for tax purposes. The limit hasn't changed since 1977. New proposed federal bill would raise the limit and make reporting less of a burden for casinos. Caesars Entertainment, MGM Resorts International and Wynn Resort Limited are reporting on the topic. i.e. Get Caeres Entertainment Inc. Report, Wynns Res Resort Limited Report.
The coffee chain has 35 stores on the Las Vegas Strip. Starbucks has locations inside Caesars Entertainment and MGM Resorts International hotels and casinos. Before the pandemic, Starbucks had 125 locations in Sin City. Now, Caeres welcomes an upscale cafe into its most upscale location. dn Dunkin' has recently expanded its presence in the city.
After two years of quarantine and quarantine, Americans want to travel. Las Vegas has everything from its casinos to a huge array of entertainment options. New government decision should drive up occupancy rates for Caesars, MGM, Wynn, and the rest of the Las Las Nevada casino/resort operators. i.e. Caesar's Entertainment Inc. Report, Carnival Cruise Line Report and Wynns Resorts Limited Report.
Caesars Entertainment Inc. is investing $39 million to expand the gaming floor of Harrah's Hoosier Park Racing & Casino in Anderson, Indiana. The company will formally break ground next week on the expansion. It will add 150 additional slot machines and 16 additional table games to the casino. Pepper Construction got the contract for the project. Mayor Tom Broderick appreciates Caesar's commitment to Anderson.
The Las Vegas Strip has been a hot property in the last two years. New casinos have been built, a number of pieces of land have also been purchased. The buyer of the land is unknown. The owner of Houston Rockets, Tilman Fertitta, is planning to purchase prime property on the Strip to develop a new high-end casino project. There are also plans for a possible new Major League Baseball stadium for the Oakland Athletics. It is possible that MSG will get the Madison Square Garden Sports Corp. Class A (New) Report Sphere. and a first-of-its-kind entertainment venue.
Inflation has caused a big rise in consumer prices. Wells Fargo analysts looked at what this means for casino companies. They found that Wynn has the wealthiest customers.
Las Vegas has recovered well from the pandemic. The city's casinos fought through restrictions and canceled conventions to build their business back to where it was before the Pandemic, and the NFL has been a big part of the comeback. NBA teams are interested in coming to Las Vegas. There are rumors that the Oakland Athletics will bring a team to the city.
The facelift of Wynn Las Vegas is expected to be completed in June 2022. The nearly 2,700 room casino resort is redesigning its suites, rooms, elevator lobbies and resort tower corridors. Todd-Avery Lenahan, the person leading the redesign, is behind the design of Delilah at WynN Las Las Vegas, Cocktail Collection on the Lake of Dreams and Casa Playa.
Las Vegas has a lot of construction projects going on. Fontainebleau Las Vegas is going to be ready late-2023. Caesars Entertainment is rebranding Bally's Casino into Horseshoe brand. Baly's Corporation wants to use that name on a revamped Tropicana. There are two NBA-ready arena projects and a deal for a stadium for the Oakland Athletics. The pending rebranded of the Mirage into a Hard Rock is also going ahead.
Elon Musk's bold Las Vegas Strip project is getting closer to becoming a reality. Sin City has first-of-its-kind experiences and world-class entertainment in quantity that few cities can equal. It's also a city of traffic and crowds that was never engineered to handle them. Tesla CEO Elon Musk wants to change that. He's the Tesla. CEO (TSLA) - Get Tesla Inc Report
Las Vegas Sands and Wynn Resorts finished the week in the black. Caesars Entertainment erased most of a large deficit after Shanghai officials announced they will end weeks of strict lockdowns and attempt to reopen again in a few days.
Wall Street saw a surge of bargain hunting on Friday. The Nasdaq paced the advance, jumping by nearly 4%. Affirm (AFRM) was another standout gainer on the session. Penske Automotive (PAG) also showed strength. FIGS (FIGS) plunged on a weak quarterly report. New Relic (NEWR) hit a fresh 52-week low.
Shanghai could be reopening soon. This could have a positive impact on Macau's gaming industry. Las Vegas Sands and Wynn Resorts were the top performers in the S&P on Friday. i in Maca are Wynnn Resort (NASDAQ:WYNN), Las Vites Sands (NYSE:LVS), Caesars Entertainment (CZR), and MGM Resports (MGM).
People spend less money during tough economic times. Caesars CEO Tom Reeg believes gaming is a social activity that is important to Caeresars. Caerus Entertainment (CZR) and MGM Resorts International (MGM) have good financial results. Wynn Resort (WYNN) has a bad financial performance.
Eldorado Resorts bought Caesars Entertainment in 2020. The new company owns casinos all around the U.S., properties in the UK, Egypt, Canada, and Dubai, a golf course in Macau, the Las Vegas Strip and Paris Las Veguans. Tom Reeg wants to sell one of the company's Las veguare Strip casinos.
Bally Stock (NYSE:BALY) is optimistic about Chicago casino win. The sector exploded after New Jersey legalized casinos in 1976. Resorts International (NASD:RES) was the first to go public in 1978.
Caesars Entertainment and MGM Resorts International are fighting for Las Vegas Strip domination. MGM bought the Mirage and is planning to sell it. Caesar's plans to rebrand Bally's hotel/casino to its Horseshoe brand. The company is also planning a sale of one of its Las Las Strip properties.
Las Vegas leader wants to make the Las Vegas Strip walkable. For a few days during the NFL draft, a section of the road was closed to cars. Caesars Entertainment, MGM Resorts International and Wynn Resort are interested in making the change permanent. They are also interested to close the Strip to all cars and make it walk-able for all.
The Las Vegas Strip is famous for its casinos, arena, T-Mobile Arena, concerts, and many other music and performance venues. The Strip also has a lot of shopping. It's hard to know if the area needs another massive retail development. The owner of the site which once housed MGM's non-gaming Harmon Hotel believes the Strip will tolerate more retail. He believes it will welcome it. iReport.com:
The Palms Casino has reopened after a closure due to pandemic. It is the first Las Vegas resort casino owned and operated by a Native American tribe. The casino opened in 2001. The off-Strip casino was sold for $650 million to the San Manuel Gaming and Hospitality Authority. it closed in March 2020 due the pandemics.
Billionaire NBA Owner Plans New Las Vegas Strip High-End Casino. Most of the new hotel casino development plans on the Las Las Strip lately have centered on North Strip. MGM Resorts International and Caesars Entertainment own over a dozen properties on The Strip and expect to see most of their newest competition in upcoming years to come from the North strip.
New move Continues North Las Vegas Strip Casino Resurgence. North section of Las Las Vegas Strip used to be a semi-abandoned wasteland featuring lesser casino properties, motels, sketchy gift shops. Now, the North Strip has seen two major casinos rise with another planned, as well as other major projects. New site has gone on the market that could further help the area's transformation.
Legendary Las Vegas Casino is close to a grand return. Caesars Entertainment and MGM Resorts International endlessly refresh their hotels. Las Las casinos are famous for their renewal. The casino that had been shuttered due to the pandemic reopens on April 27 night before the NFL draft.
The biggest players in Las Vegas go broad intentionally to lure tourists, businesspeople, and locals to their megaresorts. They offer specific experiences designed for narrow audiences. Now, a smaller casino operator has plans to go after a much more specific audience. Caesars Entertainment, MGM Resorts International and Wynn Resort offer reports.
New York City has state approval for two casinos. MGM, Caesars and Wynn Resorts are in the mix for the licenses. Hard Rock International, owned by Florida's Seminole tribe, might vie for a casino license. i.e. the Westchester Empire Casino. It is a property just outside New York that currently has video slot machines.
Caesars Entertainment has opened its second Noburestaurant at Paris Las Vegas. The restaurant features world-renowned Chef Nobu Matsuhisa's signature New Style Japanese cuisine. Nobur follows the success of Nobus Restaurant & Lounge at Caesar's Palace. Noburs offers a variety of fresh fish and seafood in the form of nigiri and sashimi. It also offers vegan, vegetarian and gluten-free dishes.
CBRE Equity Research believes Caesars Entertainment made the right decision to reduce the purchase price of its William Hill non-US assets for 888 Holdings Plc by $340M to $2.6B. The casino operator expects to receive $785M of net proceeds. CBRE believes the focus will shift to the prospect of a Las Vegas Strip casino sale.
MGM Resorts International owns an Egyptian pyramid-inspired casino (Luxor) and one based on New York City (New York, NewYork). Caesars Entertainment has a casino with its own Eiffel Tower (Paris), an oversized Ferris Wheel (Linq), and a veritable palace (Caesar Palace). Wynn's owns a signature property (Wynn Resort Limited) as well as uniquely-themed properties like MGM's Excalibur (knights), The Venetian (Venice), Caeresars Flamingo (a lot of flamingos)
Formula 1 racing series announced a deal with the City of Las Vegas to run a race on the Las Las Vegas Strip starting next year. The race could be held on Thanksgiving weekend, which is a soft spot on calendar in Las vegans.
The pandemic forced Las Vegas to close in 2020. The city was almost empty in 2021. In 2022, the Consumer Electronics Show attracted only 30,000 people. March Madness and the end of mask mandates have led to a Las Las Nevada revival. Caesars, MGM, and Wynn investors can celebrate some major catalysts that should drive business higher.
The gambling market can be a lucrative business if you place your bets right. For most of the last decade, the best investments were in Macao's casinos. Online gambling is here to stay and Macau casinos are yet to make a comeback. Las Vegas is hotter than ever.