#MGM Grand Las Vegas

Seeking Alpha

One of the biggest bets on the Las Vegas Strip is not a casino stock

VICI Properties (NYSE: VICI) continues to pique the interest of investors in both the casino and real estate sectors, due in part to its standing as the single largest landowner on the Las Vegas Strip. The company leases out high-profile properties such as Mandalay Bay, Luxor Las Vegas, MGM Grand Las Vegas, Park MGM, Venetian Las Vegas, and…

Land-based ・ 11 days

The Nevada Independent

Nix investigation, Sibella prosecution reveal another of Las Vegas’ dirty little secrets

He's getting whacked with unflattering headlines and has been bounced from the gaming industry that has made him wealthy, but I imagine ousted casino executive and diehard Vegas guy Scott Sibella is feeling a sense of relief these days. Barring some surprises, the worst of his troubles may be over. Officially, he faces up to five years in prison…

Incidents ・ 27 January 2024

Travel and Leisure

It Just Got More Expensive to Stay at These Las Vegas Hotels

It just got a little more expensive to stay at many popular casino hotels. MGM Resorts, the parent company of some of the largest casinos and hotels in Las Vegas, recently increased resort fees at many of their properties, with some topping out at $50. The fees, which are added after a reservation is made, drive up the total cost of a reservation.…

Land-based ・ 20 January 2024

planetf1.com

Seven quirky Las Vegas facts ahead of F1's newest adventure

Formula 1 heads to Sin City this weekend for the inaugural Las Vegas Grand Prix for 50 laps around the Las Vegas Strip Circuit. A city known for its gambling and the old adage, 'what happens in Vegas, stays in Vegas', there's a lot more to Formula 1's newest venue than the tales that led to it being dubbed Sin City. PlanetF1.com takes a look at the…

Land-based ・ 14 November 2023

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Review Journal

Resorts World Las Vegas faces accusations of permitting illegal gamblers in new lawsuit

A federal lawsuit has been filed in U.S. District Court in Nevada accusing the former top executive of Resorts World Las Vegas of ignoring information that felons were illegally gambling at its casino. Robert "RJ" Cipriani seeks unspecified compensatory and punitive damages in the lawsuit filed Monday by California attorney Marshall Cole. The…

Incidents ・ 12 October 2023

Market Screener

MGM Resorts International Partners With Inspired Entertainment to Launch Online Game -October 10, 2023 at 03:53 pm EDT

MGM Resorts International is one of the world's leading casino operators. At the end of 2021, the group operates 19 casino hotels in the United States (17; Bellagio, MGM Grand Las Vegas, Mandalay Bay, The Mirage, Luxor, Excalibur, New York-New York, Monte Carlo, Circus Circus Las Vegas, Aria, etc.) and in China (2; MGM Macau and MGM Cotai).…

Land-based ・ 11 October 2023

Market Screener

Las Vegas hospitality workers' union sees "no real movement" in talks with MGM, Ceasars -October 06, 2023 at 05:00 pm EDT

MGM Resorts International is one of the world's leading casino operators. At the end of 2021, the group operates 19 casino hotels in the United States (17; Bellagio, MGM Grand Las Vegas, Mandalay Bay, The Mirage, Luxor, Excalibur, New York-New York, Monte Carlo, Circus Circus Las Vegas, Aria, etc.) and in China (2; MGM Macau and MGM Cotai).…

Land-based ・ 07 October 2023

Review Journal

Resorts World Las Vegas gets new CEO; Scott Sibella out

Scott Sibella, the president of Resorts World Las Vegas since before the Strip resort opened its doors in June 2021, has departed as the resort's top officer for violating company policies. Chief Financial Officer Peter LaVoie on Friday was named the new CEO for the 3500-room resort operated by Malaysia-based Genting Berhad. Sibella spent eight…

Travel ・ 18 September 2023

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iGaming Business

Resorts World Las Vegas president Scott Sibella sacked

The Genting Group-owned casino added senior vice-president and chief financial officer Peter LaVoie will take over as president following Sibella's departure. "Peter's extensive experience and expertise make him the right person to lead Resorts World Las Vegas through this transition," the spokesperson said. Sibella has acted as president of the…

Incidents ・ 18 September 2023

The Nevada Independent

Sibella out as CEO of Resorts World Las Vegas, replaced by the property’s CFO

The CEO was cleared by gaming regulators in February after an investigation into possible wrongdoing. Now Resorts World says Sibella violated company policies. Resorts World Las Vegas President Scott Sibella, who took the helm of the unfinished Strip property in 2019 and helped steer the long-stalled $4.3 billion project to its June 2021 opening,…

Travel ・ 16 September 2023

Eater Vegas

Everything You Need to Know About the New Durango Casino in Las Vegas

The long-awaited Durango Casino and Resort in Las Vegas is nearing its opening. Set to open on November 20, 2023, the brand-new property from Station Casinos will introduce yet another offering to the booming southwest part of the valley. Upon opening, the Durango Casino (6915 S Durango Drive) will boast more than 200 hotel rooms, convention and…

Strategy Guide ・ 30 August 2023

jstationx.com

What Casinos Have Roll to Win Craps

What Casinos Have Roll to Win Craps: A New Era of Craps Gaming Craps is one of the most popular casino games around the world, known for its fast-paced action and exciting atmosphere. With the introduction of new gaming technologies, casinos have constantly been innovating to enhance the player experience. One such innovation is the Roll to Win…

Craps ・ 22 August 2023

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Hospitality Net

Ryan Hink has been appointed Director of Food & Beverage at Durango Casino & Resort

With a vast knowledge of the hospitality industry and over a decade of leadership experience within the Las Vegas hotel and restaurant market, Ryan Hink will contribute to the success and development of Durango Casino & Resort's numerous food and beverage destinations and partner outlets, including Eat Your Heart Out,, Summer House, and other…

Land-based ・ 19 July 2023

Drift Travel

Where to Travel to Play Casino

There are many exciting things in the world to see. When we say there are many interesting things, we mean real cool places, unique locations, and much more. It's nice to be part of a world where you can always see something new with every possible side, even from the point of view of a casino. Glamorous Monte Carlo or the mysterious East - choose…

Travel ・ 21 March 2023

Drift Travel

Best Countries for Casino Tourism

The gambling industry, including the relatively new phenomenon of "casino tourism," has flourished since the introduction of the Internet. While the popularity of online casinos is undeniable, this does not indicate that brick-and-mortar casinos are in decline. Land-based casinos attract staggering numbers of visitors, with Las Vegas and Macau…

Land-based ・ 13 March 2023

Luxury Lifestyle Magazine

The world’s top 10 most expensive casinos for the high roller in 2023

Online casinos have enjoyed a dramatic surge in popularity over recent years, and with land-based establishments forced to close their doors for prolonged periods during the global pandemic, a growing number of gambling enthusiasts began logging on to get their fix of Blackjack, Baccarat and other popular games online. With many of the…

Land-based ・ 16 January 2023

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World Casino News

VICI Properties Completes Acquisition in Alberta

An experiential real estate investment trust, VICI Properties Inc, announced some major news - the company acquired the real estate assets of the biggest casinos in Alberta: two casinos in Edmonton, PURE Casino Edmonton, and PURE Casino Yellowhead, also the casino in Calgary, PURE Casino Calgary, and PURE Casino Lethbridge in Lethbridge. Those…

Industry ・ 10 January 2023

recommend.com

Las Vegas Has Updates for 2023: All you Need to Know

There's always something new and exciting going on in Las Vegas, from new suites and guestrooms to amazing revamped shows, new restaurants, exciting events and more. This is a city your clients can revisit time and time again-and always make new memories to take back home. In the events arena, Las Vegas will sizzle in 2023 with the FI Las Vegas…

Land-based ・ 09 January 2023

The Mercury News

What’s coming to Las Vegas casinos and resorts in 2023

In 2022, Las Vegas announced several new projects coming to The Strip and beyond. Many acquisitions, such as Hard Rock's purchase of The Mirage, have become more official, while Station Casinos plans to build several properties by 2030, including Durango Casino & Resort, which will open late next year. The results of those construction plans, new…

Land-based ・ 06 January 2023

Los Angeles Daily News

Las Vegas: What’s coming to casinos and resorts in 2023

In 2022, Las Vegas announced several new projects coming to The Strip and beyond. Many acquisitions, such as Hard Rock's purchase of The Mirage, have become more official, while Station Casinos plans to build several properties by 2030, including Durango Casino & Resort, which will open late next year. The results of those construction plans, new…

Land-based ・ 30 December 2022

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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 ・ 26 December 2022

News-Daily

Las Vegas Strip Leader Sells Key Casino

Regional gaming got a shakeup this week, with a big Las Vegas player selling a key property on the East Coast. Liquidity is the name of the game in the current economic environment, and Wynn Resorts (WYNN) - Get Free Report is being proactive with its properties. The Las Vegas-based casino operator announced the completion of a planned sale of land…

Land-based ・ 12 December 2022

The Nevada Independent

Indy Gaming: Research gives AGA ammunition in fight with illegal gambling operations

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 American Gaming Association CEO Bill…

Industry ・ 07 December 2022

Vegas Slots Online

VICI Adds Two Las Vegas Casino Properties in $5.5bn Deal

In one of the biggest casino deals of 2022, VICI Properties has taken full ownership of MGM Grand Las Vegas and Mandalay Bay in a transaction valued at $5.5bn. [Image: Shutterstock.com] In what the Wall Street Journal has deemed one of the biggest US casino deals of 2022, private equity giant Blackstone is selling its 49.9% stake in MGM Grand Las…

Land-based ・ 02 December 2022

CNBC

Big Las Vegas property owner to take full ownership of two casinos

The largest property owner on the Las Vegas Strip is doubling down and taking full ownership of the MGM Grand Las Vegas and Mandalay Bay, which the deal values at $5.5 billion. VICI Properties, a real estate investment trust based in New York, has agreed to buy Blackstone's 49.9% stake in the two Las Vegas casino resorts. VICI currently owns a…

Land-based ・ 02 December 2022

NBC 5 DFW

Las Vegas Strip’s Biggest Property Owner in Deal to Take Full Ownership of Two Casinos

The largest property owner on the Las Vegas Strip is doubling down and taking full ownership of the MGM Grand Las Vegas and Mandalay Bay, which the deal values at $5.5 billion. VICI Properties, a real estate investment trust based in New York, has agreed to buy Blackstone's 49.9% stake in the two Las Vegas casino resorts. VICI currently owns a…

Land-based ・ 01 December 2022

Travel Daily News

Where to find the best casinos in the world

The casino industry has been growing exponentially yearly, with record sales and revenue, and the industry continues to grow. Forecasts point to a market valuation of nearly $125 billion by 2025, paving the way for a growth rate of 11.3% in the USA alone. The United States has the most land-based casinos, with China coming in second. There is an…

Strategy Guide ・ 11 November 2022

The Street

Las Vegas Strip Has two Surprising New Additions

The Las Vegas Strip loves fighting and dead people. Caesars Entertainment (CZR) and MGM Resorts International (MGM) have long been hosts to some of boxing's greatest fights. Caesars Palace, for example, Muhammad Ali versus Larry Holmes in 1980 and "Sugar" Ray Leonard against Thomas Hearns in 1981. Hearns took on "Marvelous" Marvin Hagler in 1985,…

Land-based ・ 01 November 2022

The Street

Las Vegas Strip Adds British Royalty, Battling Robots

The Las Vegas Strip loves fighting and dead people. Caesars Entertainment (CZR) and MGM Resorts International (MGM) have long been hosts to some of boxing's greatest fights. Caesars Palace, for example, Muhammad Ali versus Larry Holmes in 1980 and "Sugar" Ray Leonard against Thomas Hearns in 1981. Hearns took on "Marvelous" Marvin Hagler in 1985,…

Land-based ・ 01 November 2022

World Casino News

Las Vegas Strip intent for Fertitta Entertainment Incorporated

In the western American state of Nevada and Fertitta Entertainment Incorporated is reportedly planning to double its presence in Las Vegas via the construction of a 43-story casino hotel that will also house a 2500-seat theater and a selection of restaurants. According to a Wednesday report from the Las Vegas Review-Journal newspaper, the firm run…

Land-based ・ 07 October 2022

Casino City Times

MGM Grand Las Vegas remodeling Studio Tower

MGM Grand Hotel & Casino Las Vegas launched the 700-room remodel this week of its Studio Tower reflecting a retro desert feel with mid-century modern design and décor aesthetic. MGM Resorts International Design Group, in partnership with LA-based hospitality design firm Avenue Interior Design, drew inspiration from the mid-century design style of…

Travel ・ 21 September 2022

8 News Now

Vice President Harris meets with culinary union at MGM Grand Las Vegas

LAS VEGAS (KLAS)- Vice President Kamala Harris visited Las Vegas on Wednesday and was given a back-of-the-house tour from the Culinary Union at the MGM Grand Las Vegas Hotel and Casino. Vice President Harris met with Secretary-Treasurer for the Culinary Union, Ted Papageorge, and President of the Culinary Union, Diana Valles, before touring the…

Industry ・ 11 August 2022

Q Costa Rica

Casinos In Different Countries: Travel And Play

Casinos are a great way to make some money, have fun, get away from reality and take a break from your daily routine. When you think about it, casinos are one of the safest places in the world. They are also one of the most regulated institutions in existence today. Casinos have strict rules about how many drinks you can buy at once and how much…

Travel ・ 08 July 2022

Up Roxx

All The Best Residencies Las Vegas Has To Offer This Summer

There are numerous draws to Las Vegas that fit any interest. It's Vegas, home of unbeatable food, drink, amazing hotels, casinos… we could go on. But for people like you, who are in search of unforgettable shows that allow you to get lifted by the fun, restorative vibe that comes from hanging with friends and fellow fans while seeing world-class…

Travel ・ 01 July 2022

Indian Defence News

Caesars Entertainment Corporation, MGM Grand, Las Vegas Sands Corporation

The Latest research study released by DLF "Global Casino Hotel Market" with 100+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know-how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint, and status. Understanding the segments helps in identifying…

20 June 2022

World Casino News

The Cosmopolitan of Las Vegas is under new management

American casino operator MGM Resorts International has announced that it is now running the prestigious The Cosmopolitan of Las Vegas property following the completion of an around $1.62 billion deal with The Blackstone Group Incorporated. The Las Vegas-headquartered firm used an official Tuesday press release to detail that the arrangement forms…

Industry ・ 18 May 2022

The Nevada Independent

With Cosmopolitan sale nearing, Blackstone still has money on Vegas

Blackstone Group's time as a Strip casino operator is drawing to a close, but that doesn't mean the New York-based investment conglomerate is done with Las Vegas. Through its Blackstone Real Estate Investment Trust (REIT), the company will continue to own the land and buildings associated with four Strip properties operated by MGM Resorts…

Gaming Authorities ・ 12 May 2022

Film Threat

What Casinos Were Used in Oceans 11?

Ocean's Eleven is one of the all-time great casino films. A stellar cast, a gripping storyline and the glitz and glamour of Las Vegas nightlife. It really does have it all. While being on set with the likes of George Clooney, Matt Damon, Brad Pitt, and Julia Roberts must have some considerable upsides, it can't always be easy to organize and…

Land-based ・ 31 March 2022

Persia Digest

Five of the biggest and best casinos in the US

When many people think of casinos, they imagine the ones from movies like Ocean's Eleven. The average casino that you see in a movie is massive, decorated with marble and glass, and on the Las Vegas Strip. In reality, most casinos are nothing like this. Your average small-town casino is not going to have champagne servers and a black-tie dress…

Top and Best ・ 22 March 2022

Travel Daily News

Top three travel destinations for gamblers

Though online casinos are becoming more and more popular, there is something different about walking into a physical casino that can't be gotten online. There is something unique about it. The glamor, vendors, and the whole ambiance combine to provide an unforgettable experience. This is also not to ignore that you get to stare into the eyes of…

Travel ・ 18 February 2022

NBC10 Philadelphia

Travis Lunn Named New President of Atlantic City’s Borgata Casino

Travis Lunn, a veteran casino executive, was named Wednesday as the new president of Atlantic City's Borgata casino. He most recently served as the southeast group president and chief operating officer for MGM Resorts, where he led Beau Rivage Resort & Casino in Biloxi, Mississippi, and Gold Strike Casino Resort in Tunica, Mississippi. Lunn…

Travel ・ 06 January 2022

Market Watch

MGM Resorts to Sell Mirage Hotel & Casino Ops to Hard Rock Intl for $1.08B

MGM Resorts International said it will sell the operations of The Mirage Hotel & Casino to Hard Rock International for $1.08 billion. Under terms of the deal, MGM Resorts will retain The Mirage name and brand and license it to Hard Rock, royalty free, for up to three years. Hard Rock said it plans to build an iconic guitar-shaped hotel. Hard Rock…

Travel ・ 14 December 2021

The Wall Street Journal

MGM Plans to Sell Mirage Operations in Las Vegas

MGM Resorts International MGM 1.71% said it would sell its operations of The Mirage to another operator, part of a rash of deals that are changing the hands of ownership on the Las Vegas Strip. MGM Resorts, like other casino and hotel operators, has been shedding some of its assets including its real-estate holdings to focus on new business areas…

Travel ・ 04 November 2021

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 ・ 22 September 2021

The Nevada Independent

‘What’s the endgame?’ No resolution projected as decades-long feud between Culinary and Station Casinos continues

A second-floor meeting hall in the aging downtown Las Vegas headquarters of Culinary Workers Local 226 has long attracted local, state and national candidates seeking support from the influential labor group's membership. Oftentimes, Station Casinos is a talking point. In November 2019, Vice President Kamala Harris, then a California senator who…

UFC / MMA ・ 19 September 2021

AP News

Casino giant MGM Resorts selling land to New York-based firm

LAS VEGAS (AP) - A New York-based real estate investment firm will emerge as the largest landholder on the Las Vegas Strip under a $17.2 billion property deal between landholding affiliates of casino giants Caesars Entertainment and MGM Resorts International. Combined, VICI Properties Inc. will end up with properties in 15 states. MGM Resorts…

Travel ・ 04 September 2021

KTNV Las Vegas

13 Tastes of Las Vegas Restaurant News

Here is the latest roundup of restaurant news from around the Las Vegas valley: 1. Double Helix Wine & Whiskey Lounge at Town Square is inviting patrons to say cheers to National Red Wine Day with half-off half bottles on wine on Aug. 28. Offerings include prosecco, bubbles, chardonnay, Gamay, pinot noir, tempranillo and cabernet. Open 4:30 to…

Religion ・ 28 August 2021

Market Watch

Casino giant MGM Resorts sells $17.2 billion worth of land to a New York-based firm

LAS VEGAS (AP) - A New York-based real estate investment firm will emerge as the largest landholder on the Las Vegas Strip under a $17.2 billion property deal between landholding affiliates of casino giants Caesars Entertainment CZR, -2.92% and MGM Resorts International MGM, -0.74% . Combined, VICI Properties Inc. VICI, -0.63% will end up with…

Travel ・ 15 August 2021

The Wall Street Journal

Casino Owner Vici Properties to Buy MGM Growth Properties

Real-estate investment trust Vici Properties Inc. agreed to buy MGM Growth Properties LLC in a deal that values the casino real-estate owner at $17.2 billion, including about $5.7 billion in debt. Under the agreement, casino operator MGM Resorts International will receive about $4.4 billion in cash. MGM Resorts spun off MGM Growth Properties in…

Travel ・ 05 August 2021

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 ・ 26 July 2021

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Travel Daily News

Five destinations where casino gaming is an important part of tourism

The betting business has snowballed as the Internet is advancing. However, despite the online casinos growing tremendously, the land-based casino industry is still thriving. In the modern world, we have several destinations in the world that are meant to be tourists attraction sites with gambling casinos. Many tourists have been known to visit the…

Travel ・ 06 July 2021

Florida News Times

Mohegan Sun to jump-start online gaming in CT

With results flat from its foray into interactive gaming in Pennsylvania amid intense competition there, Mohegan Gaming & Entertainment is rebooting its efforts with a new Mohegan Digital division to create gambling apps and websites starting on its home turf of Connecticut. The announcement comes weeks after Connecticut approved interactive…

Industry ・ 02 July 2021

The Nevada Independent

Resorts World unveiling ‘seems like an old-school Las Vegas resort opening’

The comparisons between the opening of Resorts World Las Vegas and the launch of The Mirage almost 32 years ago can't be ignored. Like its predecessor, the $4.3 billion Resorts World ends a decade-long lull of new Las Vegas Strip hotel-casino development. When it opened in 1989, The Mirage was the Strip's first all-new casino resort in 15…

Travel ・ 21 June 2021