#MGM Resorts International Report

Albany Herald

New Las Vegas Strip Casino Reinvents a Sin City Staple

Everyone associates a few things with Las Vegas, but a major new casino player on the Strip has thrown out a classic to try something new. The covid pandemic literally stopped Las Vegas' growing momentum in its tracks. In February 2020, the city had just added the former Oakland Raiders and a number of new casino projects were in the works, with…

Religion ・ 07 November 2022

Rockdale Newton Citizen

Las Vegas Strip Casino Workers Seek to Ban a Popular Bad Habit

You can do anything in Las Vegas (more or less) but some employees want to end one vice that has long been associated with casinos. Las Vegas caters to every vice. The city caters to gluttony with its endless supply of restaurants and all-you-can-eat buffets that range from absurdly cheap to decadently expensive. Sin City has greed covered as…

Land-based ・ 28 October 2022

Henry Herald

Huge Las Vegas Strip Casino Deal Looks Dead

It has been a time of major change on the iconic Las Vegas Strip but one highly-anticipated deal appears to not be happening. Fortunes get made and lost in Las Vegas and that's not just something that impacts gamblers. Companies including Caesars Entertainment (CZR) - Get Caesars Entertainment Inc. Report, MGM Resorts International (MGM) - Get MGM…

Land-based ・ 26 October 2022

Gwinnett Daily Post

Las Vegas Casino/Resort Offers Something Completely Different

You can do almost anything on the Las Vegas Strip, but not this (and it may be worth the trip to fulfill this fantasy. You can be a different person in Las Vegas than whoever you might be during your day-to-day life. For many people, this means indulging in ways they might not consider under other circumstances. That can mean anything from…

Land-based ・ 13 October 2022

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Jackson Progress Argus

Las Vegas Casino Closing, Another Will Take Its Place

Nothing is permanent in Las Vegas and now a huge Las Vegas Strip-adjacent property will be home to a potentially massive new development. Land has become unbelievably precious in Las Vegas and not just on the Las Vegas Strip. Yes, any buildable property on the Strip itself has been selling for exorbitant prices, but anything that's downtown or…

Land-based ・ 03 October 2022

Albany Herald

Las Vegas Getting a First-of-its-Kind Casino Hotel

Between the downtown Fremont Street area and the Las Vegas Strip, Sin City offers nearly everything, but something totally new is headed to the city. Las Vegas caters to pretty much everyone. If you want to gamble in a giant pyramid or swim under a replica of the Eiffel Tower, well MGM Resorts International's (MGM) - Get MGM Resorts International…

Travel ・ 29 September 2022

News-Daily

Unique New Las Vegas Strip Casino Faces a Problem

Building a new Las Vegas Strip casino is rarely easy or quick, and a new dream project has hit an interesting snag. Building a resort/casino -- even one that's small compared to the megaresorts owned by Caesars Entertainment (CZR) - Get Caesars Entertainment Inc. Report, MGM Resorts (MGM) - Get MGM Resorts International Report, and Wynn Resorts…

Land-based ・ 07 September 2022

Gwinnett Daily Post

MGM Doubles Down on Las Vegas Strip Casino Bet

Buying the Cosmopolitan resort casino was only one piece of making it part of the company's Las Vegas portfolio. Nothing happens quickly on the Las Vegas Strip. That makes sense when you're talking about a very crowded 4.2-mile stretch that's home to numerous megaresorts all battling for the same customers. Building a new project in a city where…

Land-based ・ 22 August 2022

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The Street

A Long-Delayed Las Vegas Strip Project Is Back on Track

The pandemic killed a lot of investment and construction projects around the country -- but not in Las Vegas. When covid shut down the Las Vegas Strip, Caesars Entertainment (CZR) - Get Caesars Entertainment Inc. Report and MGM Resorts (MGM) - Get MGM Resorts International Report kept moving forward with huge projects -- including Caesars revamping…

Land-based ・ 11 August 2022

The Street

MGM Shares Plans for Its New Las Vegas Strip Property

The Las Vegas Strip has become some of the hottest real estate on Earth. The 4.2-mile stretch of road has become a battleground where interlopers like Resorts World Las Vegas try to unseat the established market leaders Caesars Entertainment (CZR) - Get Caesars Entertainment Inc. Report, MGM Resorts International (MGM) - Get MGM Resorts…

Land-based ・ 11 August 2022

The Street

Las Vegas Strip May Lose Major Headline Act

Las Vegas' post covid comeback has been rolling along lately. But soon, it might lose a headliner who has made Sin City her base of operations for the past year. For most of the 20th century, the phrase a "Vegas residency" usually brought to mind the image of a crooner like, say, Perry Cuomo, an artist in advancing years there to serve up a gentle…

11 August 2022

The Street

Las Vegas Strip Casinos Have Good News for Royal Caribbean, Carnival

Las Vegas and the cruise industry have an overlapping customer base. Many of the people who visit Sin City and a lot of the folks who take cruises like to gamble. That's likely why Caesars Entertainment (CZR) - Get Caesars Entertainment Inc. Report often has promotions where guests who have hit some of the higher tiers of their loyalty program can…

Land-based ・ 05 August 2022

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The Street

Caesars Inches Closer to Huge Las Vegas Strip Move

Caesars Entertainment (CZR) - Get Caesars Entertainment Inc. Report and MGM Resorts (MGM) - Get MGM Resorts International Report dominate the south and central Las Vegas Strip. Their properties serve all audience segments, from high-end experiences like MGM Grand and Caesars Palace to lower-end properties like Caesars Bally's and Flamingo and MGM's…

Land-based ・ 04 August 2022

The Street

Las Vegas Strip Venue Demolition Set, New Project Weeks Away

The Las Vegas Strip continues to evolve and modernize into the future as long-time, classic hotels, casinos and retail properties face the wrecking ball to make way for new projects. No fewer than a dozen classic Las Vegas hotel casinos have been imploded since the early 1990s to make way for new, modern hotel casinos, some that still stand today.…

Land-based ・ 28 July 2022

The Street

Iconic Las Vegas Strip Casino, Show Survive a Little Longer

Time moves both quickly and slowly on the Las Vegas Strip. Sometimes you know something huge is coming, but you don't know exactly when because large casinos, resorts, and massive attractions take time not just to build but to plan. That's why things have been up in the air at the Mirage, which was sold late last year by MGM Resorts International…

Land-based ・ 27 July 2022

The Street

Red Rock Casino Brings Las Vegas Strip-Like Luxury Off the Strip

Red Rock Resorts (RRR) - Get Red Rock Resorts Inc. Report operates a unique business model where it caters to locals while also being tourist-friendly. The brand lacks the scale of the biggest Las Vegas Strip players including Caesars Entertainment (CZR) - Get Caesars Entertainment Inc. Report, MGM Resorts International (MGM) - Get MGM Resorts…

Land-based ・ 25 July 2022

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The Street

Las Vegas Casinos Should See Bump From Macau Reopening

Macau has been in dire straits for more than the past week. Earlier this month, the Chinese government announced that it would close all casinos in Macau starting July 11 as the region battles a covid-19 outbreak that infected nearly 1500 people over a three week period in the city of 680000. During previous outbreaks, the Chinese government had…

Land-based ・ 21 July 2022

The Street

Which Casino Stocks Are Your Best Bets?

As investors await second-quarter earnings reports for major gaming/casino companies, Wells Fargo analysts warn of a slowdown in the industry. They see "signs that U.S. gaming spending has begun to soften, as consumers grapple with rising inflation, higher interest rates, and increasing economic uncertainty," they wrote in a commentary. "We do not…

Finance ・ 18 July 2022

The Street

Las Vegas Leader Closes 3 Casinos, Plans Huge Expansion

In Las Vegas it often seems like bigger is better. Caesars Entertainment (CZR) - Get Caesars Entertainment Inc. Report, MGM Resorts International (MGM) - Get MGM Resorts International Report, and Wynn Resorts (WYNN) - Get Wynn Resorts Limited Report certainly seem to subscribe to that logic. The three biggest players on the Las Vegas strip seem to…

Travel ・ 17 July 2022

The Street

Forget the Mirage Volcano, Las Vegas Strip Getting New Attraction

Las Vegas has long been the land where everything is bigger than life. Nobody builds an intimate, subtle venue in Sin City and certainly not on the Las Vegas Strip where every resort casino seems designed to be more impressive than the last one. Walking or driving down the Strip at night brings an assault of neon where it's almost hard to process…

Land-based ・ 16 July 2022

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The Street

Bet on This $1 Cannabis Stock (Just Off the Las Vegas Strip)

While the song says that New York is the place where if you can make it there, you can make it anywhere, the reality is that Las Vegas can claim that moniker as well. If you can manage to succeed as a restaurant operator, a retailer, a casino/hotel company, or an entertainment venue in Sin City, it's pretty likely you can be successful…

Land-based ・ 15 July 2022

The Street

Caesars Shares Plans for Revamped Las Vegas Strip Casino

Las Vegas demands endless innovation. It's a city filled with tradition and nostalgia that's also always home to the next big thing. The Las Vegas Strip offers a unique mix of timelessness and endless change. You can have some of the same experiences you had 40 years ago, then head to a venue dedicated to e-sports or virtual reality. The major…

Land-based ・ 12 July 2022

The Street

Las Vegas Strip Casino Leaders Take Unexpected Covid Hit

Covid crushed the travel business and few cities took a bigger hit than Las Vegas. Under orders from Nevada Gov. Steve Sisolak (D), the city's casinos, hotels and restaurants closed for roughly two months in the early days of the pandemic. The reopening of Sin City was a slow process, with the two biggest Las Vegas Strip players -- Caesars…

Covid ・ 11 July 2022

The Street

Las Vegas Strip Adds a Huge New Casino Project From a Big Name

For decades downtown Las Vegas, the Fremont Street area, served as a grittier alternative the the glitz and glamour of the mega-resorts on the Las Vegas Strip. With the street closed to traffic and the massive lights and music show known as the Fremont St. Experience, not to mention the live music and DJs that take over after dark, downtown Las…

Land-based ・ 10 July 2022

The Street

Unique Resort Casino Headed to the Las Vegas Strip

The Las Vegas Strip has become a land where casino operators have generally decided bigger is better. Caesars Entertainment (CZR) - Get Caesars Entertainment Inc. Report and MGM Resorts International (MGM) - Get MGM Resorts International Report mostly operate massive megaresorts while Wynn Resorts' (WYNN) - Get Wynn Resorts Limited Report signature…

Land-based ・ 08 July 2022

The Street

Caesars Makes a Bold Move on the Las Vegas Strip

The Las Vegas Strip has become the most valuable 4.2-mile stretch of land in the world as casino operators seek to find new ways to lure in tourists while Sin City experiences a post-pandemic boom. And while covid hasn't actually gone anywhere, Las Vegas has bounced back spectacularly and that has led to huge changes on that famous stretch of…

Land-based ・ 07 July 2022

The Street

Downtown Las Vegas and Fremont Street Getting Surprise New Casino

While the Las Vegas Strip has been known for the glitz and glamour of casino operators, including Wynn Resorts (WYNN) - Get Wynn Resorts Limited Report, Caesars Entertainment (CZR) - Get Caesars Entertainment Inc. Report and MGM Resorts International (MGM) - Get MGM Resorts International Report, downtown Vegas has a grittier reputation. Even after…

Land-based ・ 06 July 2022

The Street

Iconic Las Vegas Strip Casino Brings Back Gambling's Past

For decades they were mechanical, with the three familiar reels. Now, they've largely become digital, and some slot games don't even vaguely look like their classic predecessors. This has enabled all sorts of new games with bonus features, video inserts, and more ways to tease players. With old-school reel slots, you pulled the arm and the game…

Land-based ・ 05 July 2022

The Street

Las Vegas Strip Venue Abruptly Shuts Down With No Warning

In Las Vegas, everything has an end date. Casinos and resorts seemingly need updates nearly as soon as they open and what seems cutting edge today may be dated in a just a few years. The Las Vegas Strip undergoes nearly endless change. Casinos rise and fall, celebrity restaurants have their moment -- even their years -- and then pass into history.…

Land-based ・ 03 July 2022

The Street

Unique New Casino Resort Coming to the Las Vegas Strip

The pandemic somehow led to a major construction boom in Las Vegas. Even though the city shutdown for a brief period where its casinos had to completely close, that did not stop construction in Sin City, Resorts World Las Vegas opened during the pandemic bringing a major new resort casino the somewhat neglected north end of the Strip. That project…

Travel ・ 02 July 2022

The Street

A's Las Vegas Strip Move Just Became a Lot More Likely

Since the National Hockey League's Golden Knights began playing right on the Las Vegas Strip nestled between multiple MGM Resorts International (MGM) - Get MGM Resorts International Report properties, Sin City has become negotiating leverage for any team in the other major sports looking for a better stadium/arena deal. That's especially true for…

Land-based ・ 28 June 2022

The Street

One Of Las Vegas' Most Popular Slot Machines Gets Its Own Casino

Game shows have a big presence in casinos in Las Vegas, on cruise ships, and anywhere else slot machines exist. That makes sense because people go on game shows to win money and the millions of people watching live vicariously through them. Putting one of these popular shows into a slot machine gives that slot machine instant recognition. In many…

Plinko Games ・ 27 June 2022

The Street

Will Las Vegas Strip Casinos Ban a Popular Bad Habit?

You can experience "pride" when you pull off some sort of improbable gambling beat, "greed" when you see your winnings pile up, "lust" during all sorts of R-rated performances, "gluttony" as you partake of the city's many fine culinary offerings (and its endless buffets), "wrath" when your losing or you can't get into one of those top-tier…

Land-based ・ 25 June 2022

The Street

A Las Vegas Strip Icon (and an Iconic Casino) Near Their Final Days

Every Las Vegas icon someday falls. Sometimes a classic casino or attraction meets a spectacular end -- with an implosion as a sort of a grand send-off. In other cases, a property falls into disrepair only to be quietly shuttered until a new owner comes around. The Las Vegas Strip has seen legendary names go away and new ones arise from their…

Land-based ・ 21 June 2022

The Street

Another Huge Las Vegas Strip Casino/Hotel Project Moves Closer

Owning a Las Vegas Strip casino has become a bit like buying a professional sports franchise. There are only so many of them to go around and few ever come up on the open market, Many of the properties on the famed 4.2 mile stretch of road are owned by Caesars Entertainment (CZR) - Get Caesars Entertainment Inc. Report and MGM Resorts International…

Land-based ・ 18 June 2022

The Street

Iconic Vegas Casino Getting Huge Makeover

The times are changing in Las Vegas. Construction cranes seem to be a permanent part of the Las Vegas skyline at this point as casinos are built or upgraded along the Strip. It's almost like a domino effect as each casino spends millions of dollars to upgrade their look, the next casino must spend money to keep up with the Joneses. The Strip is…

NFL ・ 16 June 2022

The Street

Elon Musk's Las Vegas Strip Dream Gets Much Bigger

Elon Musk's plans often sound like ideas that sit somewhere between genius and supervillain. The billionaire Tesla (TSLA) - Get Tesla Inc. Report CEO thinks incredibly big and that makes some of his ideas seem improbable at best. This man wants to build a city on Mars while revolutionizing transportation and energy on Earth. Tesla has, of course,…

Land-based ・ 16 June 2022

The Street

Las Vegas Casinos Get Key Covid Mask Decision

The National Football League draft felt as if Las Vegas -- specifically Caesars Entertainment (CZR) - Get Caesars Entertainment Inc. Report and MGM Resorts International (MGM) - Get MGM Resorts International Report Las Vegas Strip properties -- officially put the covid pandemic in the rear-view mirror. Casinos were packed, the Strip was actually…

Covid ・ 15 June 2022

The Street

Las Vegas, Casinos, Gamblers Await Huge IRS News

Imagine paying the same rate for anything that you did back in 1977. In that year, the average host cost $54200, a gallon of gas was $0.63, and $3 bought a dozen eggs along with a gallon of milk with change to spare. 1977 was also the year the Internal Revenue Service (IRS) set its standard for the level of slot machine jackpot that must be…

Politics ・ 13 June 2022

The Street

Caesars Welcomes Something Unique to the Las Vegas Strip

You can't avoid Starbucks (SBUX) - Get Starbucks Corporation Report in Las Vegas. The coffee chain has locations inside a variety of Caesars Entertainment (CZR) - Get Caesars Entertainment Inc. Report and MGM Resorts International (MGM) - Get MGM Resorts International Report hotels and casinos as well as pretty much everywhere else on the Las Vegas…

Land-based ・ 13 June 2022

The Street

MGM Closes Las Vegas Strip Deal, Sells Another Casino

Finding the exact right mix of properties on the iconic Las Vegas Strip has been an ongoing challenge for both MGM Resorts International (MGM) - Get MGM Resorts International Report and rival Caesars Entertainment (CZR) - Get Caesars Entertainment Inc. Report. Both companies need the right balance of value, mid-tier, and upper level properties…

Land-based ・ 10 June 2022

The Street

Viva Pot Vegas? Las Vegas Strip Land Sold to Mystery Buyer

Las Vegas loves mystery almost as much as it loves glamour and glitz. The city has a shady past tied to the mafia, and it has always been hard to distinguish legends from reality. Vegas has always offered speakeasy-type experiences, events you have to know about to attend, and other goings-on tied to the city's mystique. Over the past two years,…

Land-based ・ 07 June 2022

The Street

This Stock Might Be the Best Las Vegas Strip Investment

Las Vegas offers the promise of getting rich. In most cases, that's a false promise as the house usually wins, but you can make money on Sin City without throwing any dice, playing cards, or taking a turn at the slot machines. Las Vegas has a surprising number of investment options and the best one might be a company you've never heard of (or maybe…

Land-based ・ 04 June 2022

The Street

Another Iconic Las Vegas Strip Casino Getting Major Makeover

The Las Vegas covid comeback continues. Sin City has reported record visitor numbers and casino cash takes over the past few months. That's a huge comeback for a city that saw its casinos, hotels, and entertainment venues shutter during the worst days of the pandemic. Even after the reopening, crowds did not fully come back. Conventions were…

Land-based ・ 04 June 2022

The Street

Las Vegas Strip Casinos Get Some Very Bad News

Las Vegas has bounced back from the pandemic unbelievably well. The city has seen visitors come back in record numbers even with most of the world still not being able to travel easily to the United States. After literally having to close due to the covid pandemic, the city's casinos, led by Caesars Entertainment (CZR) - Get Caesars Entertainment…

Land-based ・ 04 June 2022

The Street

Las Vegas Strip Resort Gets 'Extensive' Makeover

Cranes are ubiquitous in Vegas, but one resort is redoing the inside in an update 17 years in the making. Las Vegas is a city of bright lights and attractions, so to compete for business on the Strip, casino resorts have to be on the cutting edge. Twenty years may not seem like a long time in the history of most buildings, but for a casino it's…

Land-based ・ 01 June 2022

The Street

Doomed Las Vegas Strip Icon May Have a New Path to Survival

When MGM Resorts International (MGM) - Get MGM Resorts International Report sold the Mirage to Hard Rock International for $1 billion, it was clear that huge changes would be coming to the iconic Las Vegas Strip resort. The new owner said that it planned to build its signature guitar hotel on the property. To do that, the company had to find the…

Land-based ・ 27 May 2022

The Street

Major Las Vegas Property Getting $600 Million Renovation

Las Vegas seemingly (and probably literally) has more major construction projects than any city in the world. At the moment, Fontainebleau Las Vegas, a project that has been on a nearly 20-year odyssey, continues its slow journey to a late-2023 opening. In addition, Caesars Entertainment (CZR) - Get Caesars Entertainment Inc Report has decided to…

Religion ・ 24 May 2022

The Street

Prime Las Vegas Strip Property Markets For Sale

The Las Vegas Strip always seems to be evolving with perpetual development. Whether it's an upscale hotel and casino development, new retail or restaurant construction or building a residential condominium complex, projects are planned for up and down The Strip. One of the most anticipated projects since 2005 has been the Fontainebleau Las Vegas…

Land-based ・ 16 May 2022

The Street

Elon Musk's Bold Las Vegas Strip Project Inches Closer

Las Vegas has always been a city where the impossible happens. When you walk down the famed Las Vegas Strip you see countless things that would count as wonders of the world. You can walk by an Egyptian-style pyramid at MGM Resorts International's (MGM) - Get MGM Resorts International Report Luxor, then not very far away past a replica of the…

Land-based ・ 14 May 2022

The Street

Las Vegas Strip Losing Iconic Casino Attraction

Las Vegas Strip casinos offer so much more than hotel rooms, casinos, restaurants, and shows. The massive properties owned by companies including MGM Resorts International (MGM) - Get MGM Resorts International Report, Caesars Entertainment (CZR) - Get Caesars Entertainment Inc Report, Wynn Resorts (WYNN) - Get Wynn Resorts, Limited Report, and…

Land-based ・ 11 May 2022

The Street

Forget Caesars and MGM. The Las Vegas Strip Has a Secret Leader.

Las Vegas has a lot of big-name operators that grab the spotlight. Caesars Entertainment (CZR) - Get Caesars Entertainment Inc Report, for example, has its name splashed across its signature property, the massive Caesars Palace. It's not subtle, which makes sense given that the casino giant wants people to stay at its resorts, gamble in its casinos…

Land-based ・ 10 May 2022

The Street

Las Vegas Strip Gets Good News From Caesars

During tougher economic times, people spend less money. That's not just true of people impacted by those economic conditions. It can also be people simply worried about potential bad times or economic struggles who preemptively spend money more carefully. Inflation or other economic woes might cause people to cut the cord with cable, cut back on…

Land-based ・ 10 May 2022

The Street

Caesars Nears Las Vegas Strip Casino Sale (It's More Complicated Than That)

Caesars Entertainment (CZR) - Get Caesars Entertainment Inc Report Chief Executive Tom Reeg spent $17.3 billion when his former company, Eldorado Resorts, bought the casino giant in 2020, The new company kept the Caesars name and took on roughly $13 billion in debt at the time of the deal. The combined company owns casinos all around the U.S. and…

Land-based ・ 09 May 2022

The Street

Caesars Closing in on Las Vegas Strip Casino Sale

Caesars Entertainment (CZR) - Get Caesars Entertainment Inc Report and MGM Resorts International (MGM) - Get MGM Resorts International Report fight for domination over the south and central Las Vegas Strip. Both companies have made recent moves to one-up the other, with the most notable being MGM essentially - though not literally - trading the…

Land-based ・ 06 May 2022

The Street

Las Vegas Strip Girds for Proposed Major Change

The south and central sections of the Las Vegas Strip have become a mix of vehicular gridlock and pedestrian confusion. It's not really a street that's walkable -- at least not without a lot of interruptions. Only limited stretches of walkways are clear; instead, the sidewalks are broken up with escalators and skyways that make it possible to cross…

Land-based ・ 04 May 2022

The Street

Huge Las Vegas Strip Project Takes Over Doomed Former Hotel

The Las Vegas Strip has more than just casinos. Sure, that famous 4.2-mile section of road gets its identity from the towering Caesars Entertainment (CZR) - Get Caesars Entertainment Inc Report, MGM Resorts International (MGM) - Get MGM Resorts International Report, Wynn Resorts (WYNN) - Get Wynn Resorts, Limited Report, and the other iconic…

Land-based ・ 01 May 2022

The Street

Billionaire NBA Owner Plans New Las Vegas Strip High-End Casino

Most of the new hotel casino development plans on the Las Vegas Strip lately have centered on the North Strip, between The Strat and the Wynn Resort properties. MGM Resorts International (MGM) - Get MGM Resorts International Report and Caesars Entertainment (CZR) - Get Caesars Entertainment Inc Report, which own over a dozen properties on The…

Land-based ・ 27 April 2022

The Street

New Move Continues North Las Vegas Strip Casino Resurgence

The North section of the Las Vegas Strip used to be a semi-abandoned wasteland featuring lesser casino properties, motels, sketchy gift shops You had The Strat, formerly The Stratosphere, sitting on the very northern tip of The Strip, essentially as a lone beacon of the glitz and glamour offered by the South and Central Strips dominated by Caesars…

Land-based ・ 24 April 2022

The Street

Legendary Las Vegas Casino Is Close to a Grand Return

In many cities, a hotel that opened in 2001 would be considered relatively new. In Las Vegas, a casino that turns 21 without undergoing a rebuild or a massive overhaul feels dated. The major casinos owned by Caesars Entertainment (CZR) - Get Caesars Entertainment Inc Report and MGM Resorts International (MGM) - Get MGM Resorts International…

Land-based ・ 21 April 2022

The Street

A New Type of Casino Coming to Las Vegas

The biggest players in Las Vegas -- Caesars Entertainment (CZR) - Get Caesars Entertainment Inc Report, MGM Resorts International (MGM) - Get MGM Resorts International Report, and Wynn Resorts (WYNN) - Get Wynn Resorts, Limited Report -- go broad intentionally. They want to lure as many tourists, businesspeople, and even locals to their…

Sports ・ 17 April 2022

The Street

Las Vegas Strip Casino Operators Eye Something New (and It's Huge)

Gambling used to be unique to Las Vegas and Atlantic City. That made those two cities very special destinations and gave enormous power to the companies that held gaming licenses in those locations. Now, between the rise of casinos on Native American tribal land, some of which are operated by Caesars Entertainment (CZR) - Get Caesars Entertainment…

Land-based ・ 15 April 2022

The Street

New Las Vegas Strip Casino Property Owner Looks to Dubai

Anything can happen on the Las Vegas Strip. That goes for what tourists might do in a place that for years told people that any sins they commit in Sin City "stay in Vegas," but it also goes for the actual properties on the famed stretch of land. MGM Resorts International (MGM) - Get MGM Resorts International Report, for example, owns an Egyptian…

Land-based ・ 09 April 2022

The Street

Las Vegas Strip Completes Its Covid Comeback (Thank the NFL, BTS)

Las Vegas had a bleak 2020 with the pandemic forcing Sin City to close. Caesars (CZR) - Get Caesars Entertainment Inc Report, MGM Resorts International (MGM) - Get MGM Resorts International Report, Wynn (WYNN) - Get Wynn Resorts, Limited Report, and the rest of the players on the famed Las Vegas Strip literally had to shut down their massive…

NFL ・ 07 April 2022

The Street

"Last Great" Las Vegas Strip Piece of Land Sells (Here's What's Coming)

The Las Vegas Strip packs a lot into 4.2 square miles. In fact, you could argue that there's no real estate on the planet that's more valuable or more competitive. MGM Resorts International (MGM) - Get MGM Resorts International Report and Caesars Entertainment CZR operate more than a dozen Strip properties combined. Each one of those essentially…

Land-based ・ 06 April 2022

The Street

An Iconic Las Vegas Casino is Reopening Off the Strip

Las Vegas has been built around iconic names and brands. You have your Las Vegas Strip leaders Caesars Entertainment (CZR) - Get Caesars Entertainment Inc Report and MGM Resorts International (MGM) - Get MGM Resorts International Report, which each own multiple storied casino properties. But Vegas' icons include people (Wayne Newton, Penn & Teller,…

Land-based ・ 05 April 2022

The Street

Las Vegas Strip: Unusual Opportunity to Party Hearty Returns

In Las Vegas, the party does not always wait until the sun goes down. Sin City has become a premier destination for day clubs -- nightclub-like parties held during the day -- so you can party while it's still light out. That's a concept that likely does not work anywhere else in the world. People who visit Las Vegas want to have fun, and in many…

Land-based ・ 04 April 2022

The Street

Vegas Cannabis Lounges Are Coming, But Not to the Las Vegas Strip

Las Vegas (and the entire state of Nevada) have legalized marijuana, but have not made it easy to actually smoke it for tourists. That's because while dispensaries like Planet 13 (PLNHF) operate legally, they're not allowed to have on-site consumption lounges. In addition, hotels, including the massive casinos operated on the Las Vegas Strip by…

Land-based ・ 03 April 2022

The Street

Las Vegas Strip Adding a Cannabis-Friendly Hotel

A company that operates a marijuana-positive hotel in Phoenix has bought a property just off the famous Las Vegas Strip. Las Vegas, really the whole state of Nevada, has been an odd place for cannabis operators. The state has legalized recreational marijuana, but it has never legalized consumption lounges. That's not a problem for locals, who can…

Land-based ・ 29 March 2022

The Street

MGM CEO Says One Big Thing Has Helped Las Vegas Casino Business

Las Vegas used to be off-limit to most major league sports due to fears over how athletes and the potential to place bets might mix. That has changed as sports betting has become legal in multiple states, making its risks to the integrity of games no longer a Las Vegas problem, but more or less a national one. That has opened the door for Sin City…

Land-based ・ 29 March 2022

The Street

Las Vegas Strip Welcomes Back Event That Put the Sin in Sin City

Las Vegas has already begun its comeback from the pandemic. Executives at both Caesars Entertainment (CZR) - Get Caesars Entertainment Inc Report and MGM Resorts International (MGM) - Get MGM Resorts International Report have said that booking trends have picked up, and anecdotal online evidence suggests a busy March Madness season at casinos both…

Religion ・ 26 March 2022

The Street

Las Vegas Strip Casinos Face a New Downtown Rival (With a Plan)

Las Vegas may seem like a city of endless parties, but it's actually driven by business. Sure, lots of people visit Sin City just for fun, but an awful lot of Vegas tourism comes from trade shows, business meetings, and other work gatherings. Those business reasons give people an excuse to go to Las Vegas, and they're huge drivers for Caesars…

Land-based ・ 23 March 2022

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…

Land-based ・ 16 March 2022

The Street

Las Vegas Casinos Get Some Potentially Bad News

Whether its the prospect of major sports leagues making the oasis in the desert their home or new hotels and convention centers coming online in the coming years, Las Vegas is having a post-pandemic moment in the sun. The Las Vegas Convention and Visitors Authority is projecting the spending of $4.512 billion in 29 new projects that are expected to…

Land-based ・ 09 March 2022

The Street

Here Are All the Big Developments Coming to the Las Vegas Strip

Las Vegas is in the midst of another transition that could change the city's skyline and elevate the international profile of the city. Whether it's attracting professional sports leagues to the town or attracting world-class entertainers to performance residencies, Las Vegas has been on a roll over the past few years. With the new and coming…

Land-based ・ 02 March 2022

The Street

Southwest Has Good News for Caesars, MGM, and the Las Vegas Strip

In a normal year, the Consumer Electronics Show pushes Las Vegas to capacity. Nearly 200000 people attend the convention, filling hotels not just on the Las Vegas Strip but pretty much any property in the city. This year, while CES had an in-person show, many major exhibitors pulled out at the last minute due to a surge in Covid cases. CES…

Land-based ・ 28 February 2022

The Street

Overlooked Section of the Iconic Las Vegas Strip Gets a New Life

When you think of the Las Vegas Strip, you generally think of the south Strip, which counts Planet Hollywood, Aria, Mandalay Bay, and Luxor among its many properties as well as the famous "Welcome to Las Vegas" sign, or the mid-Strip which contains the Venetian, Mirage, Harrah's Caesars Palace, Pairs, and Bellagio among other properties. These two…

Land-based ・ 22 February 2022

The Street

Las Vegas Hotels, Casinos Try to Move Past the Pandemic

Aside from the cruise industry, Las Vegas may have been hit harder by the Covid pandemic than any other business segment. Tourism stopped. Conventions were canceled and international travel shut down as the world tried to contain the virus. Las Vegas only shut down for a short period, but when it reopened, the city's famous casinos dealt with mask…

Covid ・ 21 February 2022

The Street

Las Vegas Casinos Score a Huge Super Bowl Win

The Super Bowl has helped bring Sin City back. Las Vegas is a town of bright lights and big experiences, but with the pandemic dimming the city's shine and online betting possibly upending a big chunk of its business model, the take from this weekend's big game has to feel good for Vegas. The Super Bowl was the first major event since Nevada ended…

NFL ・ 16 February 2022

The Street

Classic Las Vegas-Area Casino Closed, Likely To Be Demolished

The pandemic hurt the big casino players MGM Resorts International (MGM) - Get MGM Resorts International Report and Caesars Entertainment (CZR) - Get Caesars Entertainment Inc Report, but those companies had deep pockets and the ability to raise money or take on debt. It wasn't easy seeing Las Vegas and really the entire state of Nevada shut down,…

Travel ・ 16 February 2022

The Street

Las Vegas Casinos Have a Huge Win: Caesars and MGM Cash In

The Super Bowl marked Las Vegas's official return to normal. It was the first major event held in the city since Nevada dropped its indoor mask mandate. That removed a major barrier for people wanting to visit the city famous for excess, not for carefully managing a pandemic. That led to a huge weekend for Caesars (CZR) - Get Caesars Entertainment…

Land-based ・ 14 February 2022

The Street

Can a New Las Vegas Casino Threaten Caesars, MGM's Strip Empires?

When people think about Las Vegas, the Las Vegas Strip immediately comes to mind. That makes sense because that roughly four-mile stretch of road contains an epic array of properties ranging from the Grandeur of Caesars Palace (CZR) - Get Caesars Entertainment Inc Report and the Venetian to the modern chic of The Cosmopolitan and MGM Grand (MGM)…

Land-based ・ 13 February 2022

The Street

Casino Developers Want to Gamble on New York City

Will casino developers be able to roll the dice in New York City soon? New York state has a ban on new casinos until 2023, but Governor Kathy Hochul wants to end that moratorium this year, potentially allowing up to three casinos to open downstate. This could possibly lead to a few new casinos opening in downtown New York City, and nine different…

Covid ・ 07 February 2022

The Street

Another Iconic Las Vegas Strip Casino Close to Big Changes

Las Vegas has seen its share of scoundrels and people of questionable morality own casinos. The city more or less rose to prominence as a mafia playground where backroom leg breakers and other shady characters once held the day. That influence subsided as major players including Caesars Entertainment (CZR) - Get Caesars Entertainment Inc Report and…

Land-based ・ 07 February 2022

The Street

Long-Awaited Las Vegas Strip Hotel May Finally Get Built

While the Las Vegas Strip contains some of the most iconic hotel/casinos in the world, it also has its share of failures. Nearly every major property sits on the site of a once-iconic brand that outlived its day, became dated, or just lost out to the glitz and glamor of whatever new mega-resort casino gets built. In just the past few months, we've…

Land-based ・ 05 February 2022

The Street

Las Vegas Strip Icon Set for Demolition; Another May Stay

Las Vegas has an endless series of iconic attractions. the Las Vegas sign, the Fountains of Bellagio, the Grand Canal at Venetian, the Fremont Street Experience Downtown, the Fountains at Caesars Palace that Evel Knievel failed to jump in 1967, the High Roller Ferris Wheel at the Linq, the Skypod at the Stratosphere, the Eiffel Tower at Paris, the…

Land-based ・ 03 February 2022