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Casino.org

Vital Vegas Podcast, Ep. 161: Fontainebleau Debut and 93 Casinos in One Day

After a short hiatus, the Vital Vegas Podcast is back and we're so sorry. About the show being back. Not the hiatus. That was actually great. Although, we did miss stuffing Las Vegas into your sound collection orifices. Anyway, in this episode, we walk you through the newest Las Vegas casino resort, the eye candy factory that is Fontainebleau Las…
Land-based
Vital Vegas Podcast, Ep. 161: Fontainebleau Debut and 93 Casinos in One Day
The Wall Street Journal

Cyberattack Continues to Slow Vegas MGM Casino Hotel Operations

MGM Resorts is continuing to work to resolve issues resulting from a cyberattack that has affected its hotel and casino operations. WSJ columnist Dawn Gilbertson reports from the Las Vegas Strip. Photo composite: Adam Adada News Explainers Some days the high-speed news cycle can bring more questions than answers. WSJ's news explainers break down…
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Cyberattack Continues to Slow Vegas MGM Casino Hotel Operations
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Maryland Daily Record

Century Casinos acquires operations of Rocky Gap Casino Resort in western MD

Century Casinos Inc. Wednesday announced it completed the acquisition of the operations of Flintstone-based Rocky Gap Casino Resort from Golden Entertainment Inc. for approximately $56.1 million. Simultaneous with the closing of the July 25 transaction, an affiliate of VICI Properties Inc. acquired a related interest in the land and building…
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Century Casinos acquires operations of Rocky Gap Casino Resort in western MD
The Washington Post

Japan approves plan for country's first casino resort

Japan has approved plans for the nation's first casino, paving the way to open up what is seen as one of Asia's largest untapped casino markets. To be located on Yumeshima, an artificial island in Osaka, the casino will be part of a 1.08 trillion yen (about $8.1 billion) "integrated resort." With a theater, art museum, conference hall and other…
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Japan approves plan for country's first casino resort
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News-Daily

Huge Las Vegas Strip Properties Likely up for Sale

Some of the biggest names on the Strip appear to be up for bids, and one billionaire casino owner looks likely to be a potential buyer. The Las Vegas Strip has little sympathy for people with money troubles. That's true if you can't pay your hotel bill, run out of money at the tables, or have your credit card declined at dinner. Las Vegas casino…
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Huge Las Vegas Strip Properties Likely up for Sale
The Street

Huge Las Vegas Strip Brands Likely Up for Sale

The Las Vegas Strip has little sympathy for people with money troubles. That's true if you can't pay your hotel bill, run out of money at the tables, or have your credit card declined at dinner. Las Vegas casino owners including Caesars Entertainment (CZR) - Get Free Report and MGM Resorts International (MGM) - Get Free Report may no longer take…
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World Casino News

Fontainebleau Las Vegas will be realized after obtaining $2.2B construction loan

On Friday, December 23, the founders of the long-postponed Fontainebleau Las Vegas project publicly announced that they have acquired a $2.2 billion construction loan to complete construction of the Fontainebleau Las Vegas resort & casino in the fourth quarter of 2023. Obtaining a construction loan: A new union formed in 2021 between Fontainbleau…
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Fontainebleau Las Vegas will be realized after obtaining $2.2B construction loan
CoStar

Developers Secure $2.2 Billion in Financing for Planned Las Vegas Resort

Developers of the long-delayed Fontainebleau resort and casino have obtained $2.2 billion in construction financing, putting one of the Las Vegas Strip's largest development projects on track for planned completion in the fourth quarter of 2023. Fontainebleau Development President Brett Mufson called the financing a milestone, after his Aventura,…
Land-based
Developers Secure $2.2 Billion in Financing for Planned Las Vegas Resort
Gambling News

Fontainebleau Las Vegas Secured $2.2B to Ensure Project Completion

Image Source: Shutterstock.com A long-delayed casino resort slated to appear on the Las Vegas Strip is set to finally complete construction work after securing a $2.2 billion loan from a group of banks and other investors. Fontainebleau Las Vegas, developed by a partnership between Fontainebleau Development and Koch Real Estate Investments (KREI),…
Land-based
Fontainebleau Las Vegas Secured $2.2B to Ensure Project Completion
Commercial Observer

Fontainebleau Scores $2.2B Loan to Build 9M-SF Resort and Casino in Las Vegas

Sacrebleu! The Las Vegas Strip is getting another casino. A joint venture between Fontainebleau Development and Koch Real Estate Investment has locked down the $2.2 billion needed to build its new 67-story hotel, entertainment and gaming destination in Sin City, the developers announced Friday. At a time when financing is harder to secure than a…
Land-based
Fontainebleau Scores $2.2B Loan to Build 9M-SF Resort and Casino in Las Vegas
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The Sydney Morning Herald

Sydney casinos: High rollers still on the menu as Crown and Star lock horns

After a decade of drama, Sydney finally has two casinos vying for its gambling dollar - separated by the barest sliver of a harbour. Crown Resorts and Star Entertainment Group have been put through the regulatory ringer, many would say belatedly, for their shoddy approach to compliance. But suitably chastened, both are now ready to go toe-to-toe in…
Travel
Sydney casinos: High rollers still on the menu as Crown and Star lock horns
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 Motley Fool

Success Returns at Different Speeds in Las Vegas, Macau

You're reading a free article with opinions that may differ from The Motley Fool's Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More As any veteran gambler knows, sometimes you win, and sometimes you lose. For the two…
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Success Returns at Different Speeds in Las Vegas, Macau
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The Sydney Morning Herald

Pokie giant Aristocrat to launch online casino product this year

Pokie giant to launch online casino product as it readies for digital gambling boom Poker machine giant Aristocrat Leisure says it will launch its online casino business by the end of this year, as the ASX-listed group aims to become a leader in the emerging digital gambling industry. Aristocrat also announced a $500 million on-market share buyback…
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Pokie giant Aristocrat to launch online casino product this year
Rebellion Research

Does VR technology have a future in gambling?

Does VR technology have a future in gambling? Headsets are demonstrating what they can do and are being used in many different sectors. After the demonstration of the Oculus Rift VR helmet in 2014. Many companies began to think about how to use the new technology in their work. Online casino owners immediately took notice of this device and…
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Defense World

Stifel Nicolaus Trims Las Vegas Sands (NYSE:LVS) Target Price to $46.00

Las Vegas Sands (NYSE:LVS - Get Rating) had its price target decreased by equities research analysts at Stifel Nicolaus from $56.00 to $46.00 in a research report issued on Thursday, The Fly reports. Stifel Nicolaus' price objective would suggest a potential upside of 34.70% from the stock's previous close. LVS has been the topic of several other…
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Stifel Nicolaus Trims Las Vegas Sands (NYSE:LVS) Target Price to $46.00
Yogonet

Century Casinos completes 50% ownership deal for Nugget Casino Resort's property firm

Century Casinos announced Friday it has completed its previously announced acquisition of 50% of the membership interests in Smooth Bourbon from Marnell Gaming for $95 million, as part of its agreement to acquire Nugget Casino Resort in Sparks, near Reno in Nevada. This will become its tenth casino in North America. Smooth Bourbon owns the land and…
Travel
Century Casinos completes 50% ownership deal for Nugget Casino Resort's property firm
Finsmes

Century Casinos to Acquire Nugget Casino Resort in Nevada, For Up To USD$300M

Casino entertainment company Century Casinos, Inc. (Nasdaq Capital Market®: CNTY) is to acquire the operations of Nugget Sparks, LLC, dba Nugget Casino Resort, in Nevada and a 50% stake in Smooth Bourbon, LLC, the business that owns its property. The Nugget Casino Resort, located in Sparks, Nevada, includes a large gaming floor, two hotel towers,…
Travel
Century Casinos to Acquire Nugget Casino Resort in Nevada, For Up To USD$300M
The Street

Las Vegas Casino Player Wants to Expand the Betting Tent

Business is all about growth and business for the sports gambling industry has been good. Sports betting accounts for between 30% and 40% of the worldwide gambling market, producing a yield (the money casinos receive from bettors minus the payout) higher than $400 billion in 2021, according to Statista. In June 2018, sports gamblers wagers $310…
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Las Vegas Casino Player Wants to Expand the Betting Tent
Gambling News

USB Endorses Fox Gambling Stock in Recent Update

Gambling stocks were routed in 2021 and the outlook for 2022 isn't all too good. After reports that Wynn will put its interactive wagering division for sale, investors have begun asking if putting their money in gambling stocks is wise anymore. According to UBS analyst John Hodulik, there are still those stocks that are worth buying. In a note to…
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USB Endorses Fox Gambling Stock in Recent Update
ABC Australian Broadcasting Corporation

Macau used to be China's 'good kid', but as Beijing turns on its gambling industry, everything might change

Unlike Hong Kong, Macau has long been nicknamed "the good kid" by Beijing. It was a playground for high rollers from the mainland, who turned this semi-autonomous port city into the world's richest gambling hub. Macau lived under the same "one country, two systems" political model as Hong Kong, just 62 kilometres away, allowing it to also operate a…
Industry
Macau used to be China's 'good kid', but as Beijing turns on its gambling industry, everything might change
Review Journal

Losses by large companies show pandemic still affects Las Vegas

The theory gaming industry analysts hypothesized months ago appears to be holding true: Companies operating on the Strip and in Macao are struggling more than their regional counterparts. Third-quarter earnings reports wrapped up late last month and the numbers show there's still a way to go before we can say the pandemic is behind us, even as…
Covid
Losses by large companies show pandemic still affects Las Vegas
Money Week

Three safe bets on the growing online gambling sector

We have a bullish view on the global sports betting and iGaming (online gambling) industries. We are most excited by the US market, where Goldman Sachs expects revenues to increase 23-fold from $2.3bn in 2020 to $53bn in 2033 - a compound annual growth rate of 27%. The key growth drivers are pent-up demand and an easing regulatory environment,…
Industry
Three safe bets on the growing online gambling sector
Global Legal Chronicle

Aristocrat Leisure Limited’s £2.1 Billion Recommended Cash Acquisition Of Playtech plc

Ashurst advised Goldman Sachs International on the matter. Playtech is a leading technology provider that develops platforms and content for the global gambling industry. It is considered one of the world's largest online gambling software suppliers, offering innovative, value-added solutions to the industry's leading operators. Aristocrat is a…
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Financial Review

Aristocrat readies for American online gambling gold rush

Playtech paves the way for Aristocrat to enter the $US70 billion ($94.4 billion) online "real money gaming" (RMG) industry, which includes real money sports betting and gambling at digital casinos. "I think that's the nature of this industry where it is only starting to be regulated, it's starting to mature at the moment. And that's why we think…
Sports
Aristocrat readies for American online gambling gold rush
Bloomberg Quint

Playtech’s $3.7 Billion Deal Continues Online Gambling Frenzy

Shares in the British gambling software developer Playtech Plc soared by nearly 60% after the company agreed to a A$5 billion ($3.7 billion) takeover by Australian slot-machine maker Aristocrat Leisure Ltd. The deal would mark the latest in a long list of tie-ups aimed at staking out an early advantage in online gambling, which was already…
Travel
Playtech’s $3.7 Billion Deal Continues Online Gambling Frenzy
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Continuing to keep customers are, you will never work video gaming balances.

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The Guardian

$22.4bn bid for Entain underlines value of British online gambling expertise

The blockbuster $22.4bn (£16.4bn) bid for Ladbrokes and Coral owner Entain underlines just how valuable British online gambling expertise has become. Its prospective buyer, US fantasy sports outfit DraftKings, is one of the major players vying for supremacy in the fast-growing US online betting market. This 21st-century gold rush was triggered by…
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