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Richmond Local News

Column: More to Las Vegas than just gambling

Las Vegas has expanded its entertainment offerings. If you believe Las Vegas is all about gambling, then you are missing out. In fact, Las Vegas has become a vacation spot where there is so much to do even if you do not gamble. Here are some attractions that you might want to check out if you visit Las Vegas: Sphere is a music and entertainment…

Land-based ・ 8 hr

Review Journal

Las Vegas pool season: Which resort pools are open to locals?

There's good news on the Las Vegas resort swimming pool front - just about every pool is now open for the season, with some just days to weeks away. While some pools are open only to hotel guests, others open their doors to Southern Nevadans - sometimes with a fee attached. At most pools, guests can rent chairs, daybeds and cabanas. Here are some…

Land-based ・ 23 March 2024

kbzk.com

A new resort with no gambling and no smoking is coming to Las Vegas

The products and services mentioned below were selected independent of sales and advertising. However, Simplemost may receive a small commission from the purchase of any products or services through an affiliate link to the retailer's website. The whirl and cha-ching of slot machines is the soundtrack of many Las Vegas hotels, but those casino…

Land-based ・ 16 February 2024

Portland Press Herald

Strike averted as hospitality union settles with Las Vegas hotel-casinos before Super Bowl week

The union announced last week that it would go on strike if tentative contracts weren't in place by 5 a.m. Monday. Posted Updated 2 min read Font size+ LAS VEGAS - A union representing hospitality workers says it has reached a tentative agreement with six more hotel-casinos in downtown Las Vegas and called off a strike deadline for another. The…

Land-based ・ 06 February 2024

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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

Review Journal

Resort fees rise at MGM properties in Las Vegas

MGM Resorts International has increased the nightly resort fee it charges guests who check in to the company's Las Vegas properties. In a Wednesday email, an MGM representative said new resort fees that took effect Tuesday at 10 a.m. include: - $37 a night at Luxor and Excalibur. - $42 at New York-New York, NoMad Las Vegas, Park MGM and The…

Land-based ・ 19 January 2024

Review Journal

MGM increases resort fees at its Las Vegas properties

MGM Resorts International has increased the nightly resort fee it charges guests who check in to the company's Las Vegas properties. In a Wednesday email, an MGM representative said new resort fees that took effect Tuesday at 10 a.m. include: - $37 a night at Luxor and Excalibur. - $42 at New York-New York, NoMad Las Vegas, Park MGM and The…

Land-based ・ 18 January 2024

Casino.org

MGM Resorts Jacks Up Resort Fees at All Its Las Vegas Resorts

It's that time again! And by that we mean it's time for a major casino company to increase resort fees, and also time to not shoot the messenger. Resort fees have now hit the uncomfortable $50 mark at several Las Vegas hotels: Bellagio, Aria, Vdara, MGM Grand and Cosmopolitan. The resort fee increases affect a dozen Las Vegas hotels, but it's not…

Land-based ・ 18 January 2024

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Card Player

Shopping Mall On Las Vegas Strip Looking To Add Casino

The Las Vegas Strip continues to see more casinos on the horizon. The Fountainbleu property is opening in December after almost two decades of on-and-off again construction. Last year, Texas businessman and owner of the Houston Rockets and Golden Nugget casinos Tilman Fertitta also announced plans for a new casino at Las Vegas Boulevard and Harmon…

Land-based ・ 12 October 2023

Review Journal

Plans for new Strip casino at Fashion Show Mall remain unclear

Howard Hughes Corp.'s reputation in Las Vegas for developing master-planned community Summerlin bolsters its chances of getting a casino developed on the Strip, a UNLV history professor said. "They have a successful business track record," Michael Green, a history professor at UNLV, said in an interview. "The oddity is that they have no real…

Industry ・ 10 October 2023

Review Journal

New casino proposed for Fashion Show mall on Las Vegas Strip

A new entertainment division of Howard Hughes Holdings could develop a new casino on the Las Vegas Strip - one that would rise above Fashion Show mall. The spinoff division for the Houston-based company, Seaport Entertainment, will take over entertainment operations of the company, which includes an 80 percent interest in the air rights above…

Land-based ・ 07 October 2023

CoStar

New York Developer Gambles on Las Vegas Shift Toward Strip-Facing Stores

More than ever, new retail space being added off the Las Vegas Strip is bursting out onto the street. Stores on Las Vegas Boulevard, the famous 4-mile-long bustling corridor in the U.S. gambling capital, have traditionally been ensconced indoors in air-conditioned casino hotels or within a handful of enclosed malls. But two new projects, one under…

Land-based ・ 14 September 2023

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The Verge

MGM ‘cybersecurity issue’ shuts down slot machines and ATMs in Las Vegas casinos

A "cybersecurity issue" at MGM Resorts has forced the famous hotel and casino company to shut down many of its systems, according to a statement the company posted just before noon ET on X (formerly Twitter). MGM replaced its homepage with a message apologizing for the site's outage and providing a list of concierge phone numbers at several…

Land-based ・ 12 September 2023

KTNV Las Vegas

Durango Casino and Resort hiring ahead of grand opening

LAS VEGAS (KTNV) - The property in southwest Las Vegas opens in nearly two months. I spoke to workers and applicants about how hiring is going at a time when several other major venues are also opening. Like many others, Liz Witrago, who has worked at the MGM Grand, Vdara, is one of several people who are interested in a career at the new Durango…

Travel ・ 09 September 2023

Travel Awaits

The 11 Best Las Vegas Hotels

Las Vegas is an exuberant mix of glittering lights, non-stop entertainment, and gaming pleasures. You can plan a romantic getaway or an over-the-top luxury stay; Las Vegas is overflowing with opportunities to fill your days and nights with opulent experiences. Vegas is also a fun place for families to enjoy fun experiences and exciting adventures.…

Land-based ・ 07 August 2023

LoyaltyLobby

Integration Update: The Cosmopolitan of Las Vegas Will Become Part of MGM Rewards Starting February 1, 2024

MGM Hotels and Resorts have informed members of the MGM Rewards program that The Cosmopolitan of Las Vegas will finally be integrated into the MGM portfolio, including the rewards program, from February 1, 2024. MGM purchased the Cosmopolitan in 2022 as part of a property reshuffle that saw the Mirage being sold to Hard Rock, yet so far, the…

Land-based ・ 02 August 2023

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Review Journal

Where can you park for free on the Las Vegas Strip?

If there's one thing locals wish they could demand out of Strip casinos, it'd be free parking. But self-parking garage policies have changed dramatically over the years, and fewer resorts offer complimentary parking for everyone nowadays. Look no further than The Venetian and The Palazzo, whose management announced a paid parking policy would be…

Land-based ・ 24 July 2023

MeetingsNet

3 New Developments in Las Vegas’ Meetings & Events Scene

Renovation news from Rio Hotel & Casino and M Resort & Casino, plus a new partnership between Marriott and MGM Resorts. Four years after Caesars Entertainment sold the 2500-room Rio Hotel & Casino to the Dreamscape Companies, the plan to reimagine the property with a more luxurious style and environment is finally coming to pass. At the end of this…

Land-based ・ 21 July 2023

Card Player

Marriott, MGM Form Online Gambling Marketing Deal

Marriott International has entered into a loyalty marketing agreement with BetMGM, MGM Resorts International's online gambling and sports betting joint venture. Marriott Bonvoy will become BetMGM's exclusive hospitality loyalty program partner in the U.S. and Canada. Under this agreement, Marriott and BetMGM will collaborate to provide Marriott…

Land-based ・ 19 July 2023

8 News Now

Newest Las Vegas resort will have this bragging right

LAS VEGAS (KLAS) - With the announcement of Fontainebleau Las Vegas aiming to open by the end of the year, it will soon become the tallest open and occupied building in the Las Vegas valley. Fontainebleau is listed at 735 feet tall, nine feet taller than the Hoover Dam, and 62 feet taller than its southern neighbor, Resorts World. The Strat is the…

Top and Best ・ 03 May 2023

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Forbes: Red Rock Casino named best overall hotel in Las Vegas

LAS VEGAS (KTNV) - What are the valley's top hotels? According to Forbes, the best overall hotel is Red Rock Casino. Forbes said they made their selections based on things like luxury, family-friendliness, amenities, pet-friendliness, and what age groups would enjoy them the most.

Travel ・ 30 April 2023

Belfast Telegraph

The secret to visiting Vegas without losing your shirt

It's no secret that Vegas hotel prices go stratospheric on Friday and Saturday when domestic tourists flock in for a weekend away. By the same token, rates on Sunday and Monday are often rock bottom. I've seen rooms at the excellent Vdara for less than £150, or the Wynn Encore for £200. Both of them are premium options on the Strip. For years,…

Land-based ・ 27 April 2023

Review Journal

Casino landlord Vici Properties’ top boss open to more deals in Las Vegas

Tourists who fill Las Vegas Boulevard's massive resorts to eat, gamble and party, never see the name Vici Properties. But the casino landlord rakes in a fortune from the Strip. New York-based Vici, the biggest property owner in Las Vegas' famed casino corridor, owns Caesars Palace, MGM Grand, Mandalay Bay, The Venetian, The Mirage and other huge…

Land-based ・ 18 April 2023

Review Journal

Not every Las Vegas casino boss wants to sell, lease back resort

Selling a casino to a landlord for a mountain of cash sounds pretty tempting. There are also some big strings attached - and not every hotel boss in Las Vegas is interested right now. Executives with Station Casinos, Boyd Gaming Corp. and Fontainebleau Las Vegas recently touted the benefits of owning their properties or stated they aren't looking…

Land-based ・ 20 February 2023

tennisnow.com

Play with Nadal and Alcaraz in Las Vegas

will square off in a Las Vegas exhibition match at the MGM Grand Garden Arena on March 5th.Now, you can trade shots with Nadal or Alcaraz-on the court or on the golf course-though it will set you back $33699.Tennis fans and high rollers can enjoy first-of-their-kind event luxury packages, giving them up-close-and-personal access to two of the…

Land-based ・ 14 January 2023

Review Journal

Fontainebleau Las Vegas bankrolled by big casino landlords

Over the past few years, two firms have shelled out billions of dollars for casino real estate along the Strip. Now they are plowing a fortune into a long-planned resort with a tumultuous history: the Fontainebleau. Last month, developers of Fontainebleau Las Vegas announced they secured a $2.2 billion construction loan to finish the towering…

Land-based ・ 08 January 2023

Review Journal

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

When The Mirage changed hands this week, it marked the beginning-of-the-end for its iconic volcano attraction. The sale also shed more light on a growing, lucrative real estate trend on Las Vegas Boulevard: Casino landlords are collecting hefty rents. MGM Resorts International announced Monday that it closed its nearly $1.1 billion cash sale of The…

Land-based ・ 26 December 2022

Travel and Leisure

The 10 Best Hotels in Las Vegas

With roughly 150000 rooms available for the taking, competition among hotels in Sin City is particularly fierce. Since non-gaming tourist dollars account for more than 50 percent of revenue, the best resorts in Las Vegas strive to deliver the most over-the-top experiences in order to earn their piece of the pie. With so much happening, it's not…

Travel ・ 20 December 2022

Review Journal

Tilman Fertitta gets approval for new hotel-casino on Las Vegas Strip

Clark County commissioners gave billionaire Tilman Fertitta the green light on Wednesday to develop a towering hotel-casino on the Strip. The commission approved Fertitta's plans for a 43-story, 2420-room project in the tourist-choked casino corridor. The upscale resort, at the southeast corner of Las Vegas Boulevard and Harmon Avenue, would…

Land-based ・ 17 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

Best Life

The 8 Best Things to Do in Las Vegas That Aren't Gambling

Arguably, nowhere else in the world is as synonymous with gambling as Las Vegas. The city has sprung up from the desert as an oasis where travelers from around the world can come to try their hand at luck in world-class casinos that epitomize glitz and glamor. But while it may be fun to get into games, there's much more to the hedonistic paradise…

Religion ・ 22 October 2022

The Street

Las Vegas Strip Gets Key, Surprising Covid News

The Las Vegas Strip seems bigger than life -- an adult theme park built by magic and dreams. It's a place to either escape reality or live a heightened version of it. In many ways, when you get lost in the sea of Caesars Entertainment (CZR), MGM Resorts (MGM), Wynn Resorts (WYNN), and the other titans of that 4.2-mile stretch of land, you feel as…

Covid ・ 12 September 2022

Review Journal

New retail project on Las Vegas Strip closer to completion

With its massive LED screen flipped on and an upscale steakhouse in the works, the Strip's newest retail hub is pushing toward completion. Construction of the first phase of 63, as the four-story complex being built at CityCenter is now known, is slated to finish in October. Tenants then will start to move in and build out their space, developer…

Land-based ・ 02 September 2022

The Street

Classic Las Vegas Strip Icon Makes Way for Huge New Project

Sin City has welcomed a lot of new projects, and viable locations on Las Vegas Boulevard don't stay empty very long. The pace along the Las Vegas Strip has picked up. Whereas the North Strip used to be a bit of a wasteland, hosting space-out second-tier casinos, kitschy gift shops, and sad (mostly) restaurants, the area has become a hotbed. Resorts…

Land-based ・ 12 August 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

Frederick County Maryland Daily Newspaper

A hater's guide to Las Vegas

If you think you hate Las Vegas, you might be blinded by the lights on the Strip. No local will dispute that the city you see in TV shows and movies is over-the-top. There are tourism-board slogans to thank for that image, too. If you have no interest in playing blackjack, popping bottles or wandering a convention floor on your company's dime, you…

Land-based ・ 05 July 2022

Review Journal

Blackstone, a major Las Vegas casino landlord, acquires Australia’s Crown Resorts

The landlord of several megaresorts on the Strip has completed its buyout of billionaire James Packer's Crown Resorts Ltd., an Australian casino operator with its own history in Las Vegas. Blackstone announced Friday that it closed its acquisition of Crown, saying this marked its largest transaction to date in the Asia-Pacific region.…

Travel ・ 24 June 2022

8 News Now

'Things got blurry,' Las Vegas woman accused of drugging, stealing $90K from man at Strip hotel

LAS VEGAS (KLAS) - A Las Vegas woman is accused of drugging and stealing $90000 from a man at a Strip area hotel and casino. Police identified the suspect as Ebony Bairfield, who had previously been arrested in an unrelated prostitution-related theft. According to an arrest report, the victim reported the incident to police on June 9. At the time,…

Incidents ・ 23 June 2022

Gifts & Decorative Accessories

Still need a place to stay for Las Vegas Market? Hotel rates have dropped

Las Vegas Market hotel rates have dropped significantly - some more than 50 percent - ahead of the July 24-28 event. Managed by Connections Housing, the Las Vegas Market hotel block offers specially negotiated rates at 30 hotels, in gaming and non-gaming properties, from downtown to the Strip. Reduced rates at the time of this publishing are…

Land-based ・ 01 June 2022

Home Accents Today

Vegas hotel rates drop

LAS VEGAS - A trip to Las Vegas Market may have just gotten a little cheaper. Las Vegas Market hotel rates are making significant drops - some more than 50% - as registrations pick up for the July 24-28, 2022 buying event, according to International Market Centers, which runs the show. Managed by Connections Housing, the Las Vegas Market hotel…

Land-based ・ 31 May 2022

Review Journal

Cosmopolitan Las Vegas now an official MGM Resorts property

The Cosmopolitan of Las Vegas officially became an MGM Resorts International property Tuesday after the company closed its $1.625 billion deal with the Blackstone Group. The closing has been anticipated for months and picked up steam after three regulatory bodies - the Nevada Gaming Control Board, the Nevada Gaming Commission and the Federal Trade…

Travel ・ 18 May 2022

Seeking Alpha

MGM Resorts is higher after Las Vegas casinos shine in Q1

MGM Resorts International (NYSE: MGM) traded higher in after-hours trading on Monday after reporting a 73% jump in revenue against a soft pandemic comparable and seeing the addition of Aria and Vdara help propel the Vegas segment to a big quarter. Revenue from Las Vegas Strip properties was up 205% to $1.7B vs. $1.5B consensus. Adjusted property…

Travel ・ 02 May 2022

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Sources Say Fertitta Buying Vegas Strip Site for Luxe Hotel

Sources are saying that Houston billionaire Tillman Fertitta is buying six acres of property on the Las Vegas Strip where he intends to build an upscale resort. [Image: Shutterstock.com] Landry's Inc. owner and CEO, Tillman Fertitta, is buying six acres on the Las Vegas Strip with an intent to develop an upmarket resort, according to sources cited…

Religion ・ 27 April 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

8 News Now

Park MGM remains Strip’s lone smoke-free resort-casino

LAS VEGAS (KLAS) - It's been almost a year and a half since Park MGM reopened as a smoke-free resort, a breath of fresh air among Las Vegas casinos where gamblers have long accepted the stale odor of cigarette smoke as part of the deal. And while Park MGM customers welcome the no-smoking rules in reviews on hotel booking sites like Priceline, MGM…

Covid ・ 09 March 2022

Review Journal

Wynn selling real estate in Boston, not Las Vegas

After unveiling a lucrative deal to sell its Boston-area casino and rent it back, Wynn Resorts' boss put the kibosh on doing the same in Las Vegas. Wynn CEO Craig Billings said during an earnings call this week that Las Vegas is "very different" from regional casino markets, and the "need for continuous and sizable reinvestment in order to stay…

Land-based ・ 19 February 2022

Sportsbook Wire

Las Vegas casinos where you no longer need to mask up

Nevada ends mask mandate, effective immediatelyNevada is rescinding requirements for people to wear masks in public, becoming the latest state in the U.S. to lift restrictions imposed to limit the spread of coronavirus (Feb. 10) CARSON CITY, Nev. - The masks are coming off (again). Nevada Gov. Steve Sisolak on Thursday announced the state would no…

Land-based ・ 11 February 2022

Analytics Insight

The Future is Here: Bartenders and Croupiers in Casinos Are Being Replaced by Robots

There has been a tremendous advancement in the development of robots, from their ability to scan the surface of Mars to their ability to clean our houses. It's hardly unexpected that the casino business is looking at ways to take advantage of these technological advancements, given the current state of affairs. When it comes to the use of new…

Innovation ・ 04 February 2022

The Press-Enterprise

Las Vegas: What’s coming to casinos and resorts in 2022

In 2021, Las Vegas had some big openings such as luxury property Resorts World Las Vegas and the Virgin Hotels Las Vegas, the latter a new resort property built at the former site of the Hard Rock Hotel & Casino. Last year also saw significant acquisitions on the Strip and beyond, including the San Manuel Band of Mission Indians' purchase of The…

Travel ・ 10 January 2022

Review Journal

Las Vegas’ top real estate deals of 2021

Like countless other cities, Las Vegas spent the past year grappling with the pandemic and recovering from the economic disaster it unleashed in 2020. It also saw a burst of lucrative casino sales on the Strip as tourism rebounded from the public health crisis. Here is my list of Las Vegas' top 10 real estate deals of 2021. 1. The Cosmopolitan of…

Land-based ・ 31 December 2021

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Vegas Inc

LVCVA, Vegas Chamber honor Hospitality Heroes

Alonzo Langstaff and Earl Manson, of Westgate Las Vegas Resort, are presented with the "Hospitality Hero Legacy Award" during the 2021 Hospitality Heroes end-of-year reception at UNLV's Hospitality Hall, Thursday Dec. 16, 2021. Friday, Dec. 17, 2021 | 1:07 p.m. More than 30 hospitality workers were recognized at a reception Thursday as part of the…

Travel ・ 18 December 2021

News4Jax

Hard Rock International buying The Mirage operation in Vegas

LAS VEGAS - Hard Rock International said Monday it wants to see how a guitar-shaped hotel will play at the heart of the Las Vegas Strip. In what MGM Resorts International CEO and President Bill Hornbuckle called "a significant milestone for MGM Resorts and for Las Vegas," the companies announced MGM Resorts will sell operations of The Mirage to…

Travel ・ 14 December 2021

Good Housekeeping

Best hotels in Las Vegas for 2022

From the colossus Caesars Palace, the grandaddy of The Strip, New York, New York with its giant rollercoaster, and The Venetian, which brings the Grand Canals of Venice to the desert, complete with gondolas - Las Vegas is the most fun city in the US and should be experienced at least once in a lifetime. While gambling and entertainment are very…

Travel ・ 03 December 2021

Review Journal

Las Vegas casino investors wagering on comeback

When driving the Strip, walking its sidewalks or navigating its casinos, there is no mistaking it: America's rowdy gambling mecca is crammed with tourists again. And even though visitor volume remains below pre-pandemic levels, and the coronavirus outbreak has by no means been stamped out, casino investors are betting big that Las Vegas is back on…

Land-based ・ 23 November 2021

The Nevada Independent

How VICI Properties is quietly becoming landlord to the biggest casinos in Vegas

In the waning days of Caesars Entertainment's two-year bankruptcy reorganization, creditors struggled with a name for a new spin-off company taking ownership of 19 casinos that would control the land and lease the properties back to the operator. Consultants suggested Senatus Populusque Romanus, or SPQR, the term used for the government of ancient…

Travel ・ 23 November 2021

Men's Journal

Best Hotels in Las Vegas for Business, Bachelor Parties, and More

In the City of Sin, the greatest wrong you can commit is booking a bad hotel. Seriously, you can't toss a roulette pill without hitting a top-tier hotel, even if you're off the Strip. That being said, for every great hotel, there is also a not-so-great one waiting for your misguided booking. Don't be fooled by their mirage: You can even book…

Travel ・ 12 November 2021

Poker News Daily

MGM Resorts International to Sell The Mirage in Las Vegas

The landscape of the Las Vegas Strip will continue to change, as MGM Resorts International has said it is looking to sell The Mirage. During the company's quarterly conference call on Wednesday, CEO Bill Hornbuckle said that the company feels it has enough exposure on The Strip. "As such, we are currently in the early stages of a process to sell…

Travel ・ 08 November 2021

Travel Awaits

Two Major Las Vegas Strip Resorts Putting Hotels Up For Sale

Most visitors on the Las Vegas Strip know there are dozens of hotels and casinos, each with its own theme or individual aesthetic. But behind the scenes, many of the highest-profile properties are owned by two companies: MGM Resorts and Caesars Entertainment. And in the past few months, the two companies have been wheeling and dealing with their…

Travel ・ 05 November 2021

Vegas Slots Online

MGM Resorts Puts The Mirage Casino up for Sale in Vegas

MGM Resorts International has continued its asset-light, reduced Sin City exposure strategy by putting its famed Polynesian-themed The Mirage Las Vegas up for sale. During an investor call on Wednesday, the casino operator's CEO Bill Hornbuckle announced MGM intends to sell The Mirage to another operator. Nevada Independent journalist Howard Stutz…

Travel ・ 04 November 2021

Review Journal

Cosmopolitan sale the latest billion-dollar deal on Las Vegas Strip

The multibillion-dollar sale of The Cosmopolitan of Las Vegas has not only put the flashy, once-financially troubled resort in new hands. It also marks the latest in a string of hotel deals on the Strip between two powerhouse companies and another investment on Las Vegas Boulevard from the CEOs of fast-food chain Panda Express. New York financial…

Land-based ・ 27 October 2021

KTAR News

Blackstone selling Vegas hotel Cosmopolitan in $5.65B deal

LAS VEGAS (AP) - The owner of the Cosmopolitan of Las Vegas, the New York private equity firm Blackstone, is selling the 3000-room Las Vegas Strip hotel in a $5.65 billion deal with a partnership that plans to contract with casino giant MGM Resorts International to operate the property. The new owners - the Cherng Family Trust, headed by Panda…

Land-based ・ 27 October 2021

Luxury Travel Magazine

Most Luxurious Casino Hotels in Mississippi

If there's one thing that can be said with certainty, it's that gambling is one of the most popular entertainment activities around the world, including Mississippi. The state has always had a progressive attitude toward gambling in general, with the location boasting way more commercial casino resorts than similar southeastern states. No matter if…

Land-based ・ 15 October 2021

Review Journal

LVCVA to sell 10 acres of Las Vegas Strip property

The Las Vegas Convention and Visitors Authority is nearing a $120 million deal to sell 10 acres of Strip-front property where the Riviera stood. The LVCVA's board of directors on Tuesday is scheduled to consider selling the land at the southeast corner of Las Vegas and Elvis Presley boulevards, across the intersection from the long-stalled former…

Land-based ・ 11 October 2021

Vegas Slots Online

MGM Closes Sale-Leaseback of Aria, Vdara in Las Vegas

MGM Resorts International has closed a sale-leaseback arrangement with Blackstone Group for a pair of Las Vegas hotels. The two parties initially agreed on details of the deal in July this year. In a Tuesday statement, the casino operator confirmed that it had purchased Infinity World's 50% interest in CityCenter Holdings. The $2.13bn deal gave MGM…

Covid ・ 04 October 2021

Review Journal

MGM Resorts sells casinos for billions, rents for huge sums

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

Travel ・ 04 October 2021

Review Journal

MGM Resorts makes shrewd move to acquire The Cosmopolitan of Las Vegas

Last week, the largest employer on the Strip made the surprise announcement that it's acquiring the operations of The Cosmopolitan of Las Vegas for $1.625 billion. It's part of a larger $5.65 billion real estate deal for Blackstone with a method in vogue in the gaming industry these days: A group of investors is buying the real estate beneath The…

Travel ・ 04 October 2021

Travel and Leisure

Best Las Vegas Hotels: World's Best 2020

This year's World's Best Awards survey closed on Mar. 2, just before widespread stay-at-home orders were implemented as a result of COVID-19. The results reflect our readers' experiences before the pandemic, but we hope that this year's honorees will inspire your trips to come - whenever they may be. Las Vegas is defined by its over-the-top…

Land-based ・ 19 September 2021

World Casino News

CityCenter Las Vegas approval for MGM Resorts International

American casino operator MGM Resorts International has reportedly received unanimous consent from the Nevada Gaming Control Board to complete its planned $2.1 billion purchase of a 50% stake in the CityCenter Las Vegas development. According to a Wednesday from the Las Vegas Review-Journal newspaper, the envisioned proposition would see the Las…

Travel ・ 09 September 2021

Casino News Daily

Blackstone Reportedly Looking to Offload Strip Casino for $5bn

New York-based private equity firm Blackstone is reportedly looking to snatch $5 billion for The Cosmopolitan of Las Vegas, according to the latest round of rumors regarding the glitzy Strip property's possible sale. In an article published Friday, Bloomberg has named Apollo Global Management and MGM Resorts International as potential…

Travel ・ 06 September 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

PokerNews

GUIDE: Best Hotels in Las Vegas 2021

The Las Vegas skyline is one of the most memorable city skylines in the world, and it is made so much more special by the outlines of some of the best hotels in the world. Penthouses, suites, villas and more, some of these hotel rooms cost thousands of dollars to stay in. So if you're heading to Las Vegas for the World Series of Poker later this…

Travel ・ 22 July 2021

Card Player

MGM Resorts Sells Two More Las Vegas Strip Properties To Blackstone

Before the COVID-19 pandemic put a halt to most economic activity, especially in Las Vegas, MGM Resorts was unloading its Las Vegas real estate to raise cash on hand. It recently restarted its "asset-light" business strategy as it entered into an agreement with Blackstone to purchase two more pieces of Las Vegas Strip real estate. The deal with…

Travel ・ 07 July 2021

Casino News Daily

Casino Giant MGM Offloads Aria, Vdara to Blackstone in $3.9bn Deal

Las Vegas casino operator MGM Resorts International has agreed to sell Aria Resort & Casino and Vdara Hotel & Spa to New York-based private equity firm The Blackstone Group in a $3.89 billion deal. Blackstone will lease the resorts back to MGM for an initial annual rent of $215 million, it also became known. Both transactions are expected to close…

Travel ・ 02 July 2021

Review Journal

Mask policies for Las Vegas casinos, stores, groceries

The Centers for Disease Control and Prevention eased mask-wearing guidance this week for fully vaccinated people, allowing them to stop wearing face coverings outdoors in crowds and in most indoor locations unless otherwise prohibited. It became effective immediately in Nevada. Businesses in the state may still require masks for customers and…

Land-based ・ 15 May 2021

Review Journal

Las Vegas high-rise market comes back strong

The Las Vegas high-rise market, which slumped in 2020 amid the COVID-19 pandemic, has re-emerged in 2021 with one of its strongest first quarters ever, led in part by a surge in sales at the Trump International on the Strip. Even the segment with closings of $1 million and above had one of its strongest quarters ever. The strength of the high-rise…

Covid ・ 08 May 2021

Star Advertiser

Las Vegas room rates drop for the holidays

The holiday season is normally prime time for finding a low room rate in Las Vegas, but is that the case in this crazy COVID-19 environment? It sure is. In fact, bargain room rates might be the only constant in a holiday season that figures to be anything but normal. Last week the researchers at the Las Vegas Advisor canvassed every casino in town,…

Covid ・ 19 January 2021