#VICI Properties

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

MGM Resorts consider sale of Springfied casino

MGM Resorts International is considering selling its casinos in Springfield, Massachusetts, and Northfield Park, Ohio, according to a report from Bloomberg News, which cited people with knowledge on the matter. The company, which operates 31 casinos globally, began consulting financial advisors upon review of MGM's share price, which has risen less…
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MGM Resorts consider sale of Springfied casino
Wild Casino
The Motley Fool

Las Vegas Casinos Are Great, but the Growth Is in Asia

Wynn Resorts (WYNN -0.48%) reported outstanding earnings this week, but the company's growth is going to come from a place far from its Las Vegas home. In this video, Travis Hoium explains why Macao is the future of Wynn Resorts. *Stock prices used were end-of-day prices of Feb. 7, 2024. The video was published on Feb. 8, 2024. Travis Hoium has…
Land-based
Las Vegas Casinos Are Great, but the Growth Is in Asia
The Real Deal

Casino Operators Buying up Land in Texas

Dallas Mavericks owner Miriam Adelson isn't the only casino operator buying land in Texas in hopes that sports betting and casino resorts will be legalized. After Adelson's $3.8 billion purchase of the Mavericks, it was revealed that her family business, Las Vegas Sands, owns 259 acres in Irving, hinting at a potential casino resort in the…
Travel
Casino Operators Buying up Land in Texas
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Casino.org

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

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

Las Vegas casinos look to ride hot streak into 2024

Las Vegas Strip casinos begin the new year on a hot streak after the F1 Formula race on the Las Vegas Strip in November provided a significant boost to the region and new openings in December created strong buzz. Las Vegas Strip gross gaming revenue jumped 22.6% year-over-year to $821M, which was the highest ever for the typically slow month and…
Land-based
Forbes

Casino Stocks Rally As Macau Gambling Revenues Come In Strong

You'll be asked to sign into your Forbes account.Got it While investors greeted the first day of 2023 trading with big selling in classic tech favorites like Apple and Advanced Micro Devices, buyers showed up in large numbers among the classic casino names. This, after Macau reported "gross gaming revenues" increased 333% in 2023 versus 2022. Those…
Finance
Casino Stocks Rally As Macau Gambling Revenues Come In Strong
Card Player

Mark Cuban Selling Majority Stake In NBA Mavericks To Las Vegas Sands Corp.

A major Las Vegas casino group may be getting into the basketball business. News broke on Tuesday that Mark Cuban is selling a majority ownership stake in the Dallas Mavericks to the Las Vegas Sands Corporation. The deal would still leave Cuban running basketball operations for the NBA franchise, while adding a partner that he's long sought to…
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Mark Cuban Selling Majority Stake In NBA Mavericks To Las Vegas Sands Corp.
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Bisnow

Las Vegas Hospitality Workers Authorize Strike As Investor Interest In Casinos Grows

Las Vegas hotel and casino workers are in negotiations for a new five-year contract. Las Vegas hospitality workers voted this week to authorize a strike in pursuit of a new five-year contract. The workers are members of the Culinary Workers Union Local 226 and Bartenders Union Local 165, who are employed in nongaming positions at casinos on the Las…
Travel
Las Vegas Hospitality Workers Authorize Strike As Investor Interest In Casinos Grows
Casino City Times

2024 Emerging Leaders of Gaming 40 Under 40 announced

Gaming News 27 September 2023 (PRESS RELEASE) -- The Innovation Group, organizers of the Emerging Leaders of Gaming program, and Global Gaming Business magazine have announced the honorees of the Emerging Leaders of Gaming 40 Under 40, a program that recognizes professionals under the age of 40 already making significant impacts in the casino…
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westerninvestor.com

Reopening of venues drives casino revenue, investment

The former Cambridge Hotel and Conference Centre in Red Deer reopened Sept. 8 as the Red Deer Resort and Casino, marking yet another investment in the province's casino sector this year. The 241-room property was acquired two years ago from Temple Hotels Inc. by O'Chiese Hospitality Limited Partnership, a venture of the O'Chiese First Nation, with…
Industry
Reopening of venues drives casino revenue, investment
8 News Now

Outage affecting several slot machines reported at Venetian on Las Vegas Strip, not cyber-related, officials say

LAS VEGAS (KLAS) - Guests at a Las Vegas Strip resort reported that several slot machines were out of service Friday. This comes as MGM Resorts International experiences a massive cybersecurity attack that has impacted its properties. On Friday evening, it was reported that several slot machines were out of order or requiring a cash payout at the…
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Outage affecting several slot machines reported at Venetian on Las Vegas Strip, not cyber-related, officials say
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iGaming Business

Red Deer opens new land-based casino in Alberta

An extension of the original hotel, the new Jackpot Casino will allow customers to access a range of gambling options. On-site services include slot machines, table games and a poker room, stretched across 38000sq ft of gaming space. The new-look venue also has over 240 hotel rooms, meeting rooms, conference centre, dining rooms and a bar. The…
Land-based
Red Deer opens new land-based casino in Alberta
KTNV Las Vegas

Plans for guitar-shaped hotel on Las Vegas Strip take shape in new blueprints

LAS VEGAS (KTNV) - Developers and executives at Hard Rock International are getting closer to the start of construction on a massive, guitar-shaped hotel tower on the Las Vegas Strip. Hard Rock International revealed plans for the hotel after acquiring operating rights for The Mirage Hotel & Casino last year. In planning documents obtained by…
Land-based
Plans for guitar-shaped hotel on Las Vegas Strip take shape in new blueprints
Eye On Annapolis

A Traveler's Guide to Annapolis: Exploring Casinos and More

Nestled on the sparkling shores of Chesapeake Bay, Annapolis is a city that marries the charm of its rich colonial history with the excitement of modern attractions. In our upcoming article, "A Traveler's Guide to Annapolis: Exploring Casinos and More," we will take you on an enchanting journey through this Maryland gem. Prepare to be captivated by…
Law
A Traveler's Guide to Annapolis: Exploring Casinos and More
The Nevada Independent

Indy Gaming: Aristocrat believes line of NFL slot machines will score a touchdown

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 One of the features on new NFL-themed slot…
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Indy Gaming: Aristocrat believes line of NFL slot machines will score a touchdown
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Maryland Daily Record

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

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

Two Key Las Vegas Strip Resorts Casinos Could Be Sold

Major deals appear to be coming on the Las Vegas Strip where a casino sale doesn't always mean a change in operators. In the past 12 months, the Las Vegas Strip has seen some massive deals, as MGM Resorts International (MGM) - Get Free Report bought the operating rights to the Cosmopolitan while it sold operating rights to Mirage to Hard Rock…
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Two Key Las Vegas Strip Resorts Casinos Could Be Sold
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…
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Review Journal

Hard Rock gets approval for guitar-shaped Las Vegas Strip hotel

Clark County commissioners cleared the way for a guitar-shaped hotel tower to be developed at The Mirage, a project that would spell the end of Las Vegas' iconic volcano attraction. The County Commission on Wednesday unanimously approved The Mirage operator Hard Rock International's plans for the 600-room, 660-foot-tall project along Las Vegas…
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Yogonet

Atlantic City's Borgata Casino announces $55M hotel tower remodel and rebrand

Atlantic City's Borgata Hotel Casino has announced a $55 million tower remodel that will see the property's The Water Club hotel rebranded to the MGM Tower. The updated tower will feature 700+ "reimagined" guestrooms and add a collection of luxury Vista Suites located at the tower's corners, allowing for wraparound views of the Atlantic City…
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Atlantic City's Borgata Casino announces $55M hotel tower remodel and rebrand
Review Journal

Guitar-shaped hotel tower on Las Vegas Strip heads to Clark County Commission for vote

Clark County commissioners are slated this month to vote on a project that would change the landscape of the Strip: replacing The Mirage's iconic volcano attraction with a guitar-shaped hotel tower. The County Commission is scheduled on March 22 to consider Hard Rock International's proposed 600-room high-rise at the already-massive resort, county…
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Guitar-shaped hotel tower on Las Vegas Strip heads to Clark County Commission for vote
Review Journal

Rio landlord wants to buy more casinos

With casino operators making hefty rent payments, Rio landlord Eric Birnbaum wants more of the action. His firm, Dreamscape Companies, recently announced that it raised $850 million in capital. It's launching a real estate investment trust that will own casino, hospitality and entertainment assets, and an entity to operate such businesses,…
Land-based
Rio landlord wants to buy more casinos
The Nevada Independent

Indy Gaming: Expanded multi-state online gaming may not benefit Nevada

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 The inclusion of Michigan into the…
Industry
Indy Gaming: Expanded multi-state online gaming may not benefit Nevada
iGaming Business

More bullishness for Las Vegas in 2023 after records set in 2022

The optimism started with a strong finish to 2022 that had Nevada breaking its 2021 gaming revenue record by the time November ended. By the end of December, Nevada had recorded 22 consecutive months in which gaming revenue exceeded $1bn. The 2022 figure of $14.8bn was 10.5% higher than in 2021. But what topped it off was how the Strip, in one of…
Travel
More bullishness for Las Vegas in 2023 after records set in 2022
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
Not every Las Vegas casino boss wants to sell, lease back resort
The Nevada Independent

Indy Gaming: Boyd has no interest in selling downtown, locals casinos to REITs

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 Boyd Gaming had a simple message to real…
Industry
Indy Gaming: Boyd has no interest in selling downtown, locals casinos to REITs
commercialsearch.com

REITs Lead Charge to Consolidate Casino Real Estate

The slowdown in transactions across commercial real estate as a result of higher interest rates is unlikely to dramatically change in the near term as the question of value continues to plague buyers, sellers and lenders. But properties that house gaming operators are proving the exception. Not only did casino tenants pay rent when closed during…
Land-based
REITs Lead Charge to Consolidate Casino Real Estate
Recent Slot Releases

Gaming Americas Weekly Roundup

Welcome to our weekly roundup of American gambling news again! Here, we are going through the weekly highlights of the American gambling industry which include the latest news and new partnerships. Read on and get updated. Elys Game Technology Corp announced that the company's wholly owned subsidiary Elys Gameboard Technologies LLC received…
Industry
Yogonet

Las Vegas: VICI closes $1.3B acquisition of remaining MGM Grand, Mandalay Bay stake

Real estate investment trust VICI Properties has completed its buyout of MGM Grand and Mandalay Bay's real estate. The acquisition further cements the casino landlord's ownership of huge resorts along Las Vegas Boulevard. VICI, which already owned a 50.1% percent stake in the properties, announced Monday that it closed its purchase of the remaining…
Land-based
Las Vegas: VICI closes $1.3B acquisition of remaining MGM Grand, Mandalay Bay stake
KTNV Las Vegas

Hard Rock takes over operations of Mirage hotel-casino on the Las Vegas Strip

LAS VEGAS (KTNV) - As of 6 a.m. Monday morning, operations of The Mirage Hotel & Casino officially passed into the hands of Hard Rock International. Regulatory approval was granted by the Nevada Gaming Commission on Friday. Plans for giant, guitar-shaped hotel at site of Mirage revealed by Hard Rock executives Hard Rock International paid $1.075…
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TipRanks

MLCO, MGM, or LVS: Which Casino Stock Could be the Best Bet in 2023?

Stocks of casino operators with exposure to Macau, an administrative region in China and a major gambling destination, have rallied recently on hopes of strong recovery following the easing of COVID-19 restrictions. Moreover, Macau granted new licenses to six casino operators in late 2022 for a period of ten years. Additionally, certain analysts…
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MLCO, MGM, or LVS: Which Casino Stock Could be the Best Bet in 2023?
Casino Guru

VICI acquires four Canadian casinos from PURE Canadian Gaming

The leading experiential real estate investment trust that has a growing portfolio of gaming, hospitality and entertainment venues, VICI Properties, announced a new acquisition. The company said Monday it has agreed to acquire four gaming properties in Canada from PURE Canadian Gaming Corp. The acquisition with a price tag of CA$271.9m ($200.8…
Industry
VICI acquires four Canadian casinos from PURE Canadian Gaming
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
VICI Properties Completes Acquisition in Alberta
Gambling Insider

VICI Properties acquires four Canadian Gaming properties for US$200m

The real estate investment trust has acquired the real estate assets of Pure Casino Edmonton in Edmonton, Pure Casino Yellowhead, also in Edmonton, Pure Casino Calgary in Calgary, and Pure Casino Lethbridge in Lethbridge. All four properties are in the province of Alberta. Pure Casino Edmonton has 27 table games and 16 poker tables, while Pure…
Land-based
Review Journal

Casino landlord closes buyout of MGM Grand, Mandalay Bay on Las Vegas Strip

Casino landlord Vici Properties completed its buyout of MGM Grand and Mandalay Bay's real estate, further cementing its ownership of huge resorts along Las Vegas Boulevard. Vici, which already owned a 50.1 percent stake in MGM Grand and Mandalay Bay, announced Monday that it closed its acquisition of the remaining 49.9 percent from financial giant…
Land-based
Casino landlord closes buyout of MGM Grand, Mandalay Bay on Las Vegas Strip
renx.ca

VICI acquires 4 PURE casinos in Alberta: $271.9M -RENX- Real Estate News Exchange

U.S.-based VICI Properties has acquired the real estate assets of four casinos and gaming facilities in Alberta from PURE Canadian Gaming for $271.9 million, the firm announced Monday morning. The facilities are the PURE Casino Edmonton, PURE Casino Yellowhead in Edmonton, PURE Casino Calgary, and PURE Casino Lethbridge. VICI has entered into a…
Land-based
VICI acquires 4 PURE casinos in Alberta: $271.9M -RENX- Real Estate News Exchange
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Borgata Online Casino Review & Promo Code

All betting content on NJ.com is written exclusively by Catena Media, which provides expert analysis, reviews, bonuses, and tools for sports bettors and casino players. Please wager responsibly. Our experts have sifted through Borgata's casino and sportsbook, delivering this insightful review of the operator's games, bonuses, banking methods,…
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Borgata Online Casino Review & Promo Code
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…
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Fontainebleau Las Vegas bankrolled by big casino landlords
Urban Matter

7 Casinos Definitely Worth Visiting in Michigan

The gambling industry always makes great options if you're looking for a fun way to spend your money. Michigan is known for its beautiful shorelines and rich history, but it's also known for its outstanding casinos. It is one of the best states for gambling in the U.S., featuring games from slot machines to table games and sports betting. Michigan…
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7 Casinos Definitely Worth Visiting in Michigan
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
What’s coming to Las Vegas casinos and resorts in 2023
Review Journal

Las Vegas casino landlord Vici Properties owns 660 acres

After completing more than $20 billion in deals recently, casino landlord Vici Properties now owns several hundred acres along the Strip, "the most economically productive street in the world," the firm said Thursday. Vici, whose real estate holdings on Las Vegas Boulevard include megaresorts MGM Grand, Caesars Palace and The Venetian, this…
Land-based
Las Vegas casino landlord Vici Properties owns 660 acres
Gambling News

VICI Properties to Fund Century Casinos Caruthersville Expansion

Experiential real estate investment trust (REIT) VICI Properties announced plans to use its Partner Property Growth Fund and finance an expansion project for Century Casinos in Missouri. VICI Properties will provide the funds for a new land-based casino project at Century Casino Caruthersville, in Caruthersville, Missouri, comprising a casino and…
Industry
Review Journal

Las Vegas’ top 10 real estate deals of 2022

Las Vegas' wheeler-dealer real estate market didn't disappoint in 2022. Here are the top 10 deals of the year, ranked by yours truly. Some blockbusters that closed in 2022, including the $5.65 billion sale of The Cosmopolitan of Las Vegas, are not listed because they were announced in 2021 and were in that year's top 10. 1. Tilman Fertitta Houston…
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Las Vegas’ top 10 real estate deals of 2022
World Casino News

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

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

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

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

Fontainebleau Las Vegas Secured $2.2B to Ensure Project Completion

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

Tribal owner of Hard Rock now running Mirage in Las Vegas

LAS VEGAS - A new operator, Hard Rock International, started running the iconic Mirage resort on the Las Vegas Strip on Dec. 19, following Nevada state gambling regulatory approval for a nearly $1.1 billion sale by former site owner MGM Resorts International, the companies said. Florida-based Hard Rock International, owned by the Seminole Tribe,…
Land-based
Yogonet

VICI partners with Century Casinos to fund new Missouri casino

Casino real estate investment trust VICI Properties has announced it is partnering with land-based operator Century Casinos in its project to open a new property in Missouri. As part of the agreement, VICI will utilize its Partner Property Growth Fund to provide capital for the project, which will see a new facility replace the existing Century…
Industry
Tampa Bay Times

Florida-based Hard Rock now running Mirage on Vegas Strip

LAS VEGAS - A new operator, Hard Rock International, started running the iconic Mirage resort on the Las Vegas Strip on Monday, following Nevada state gambling regulatory approval for a nearly $1.1 billion sale by former site owner MGM Resorts International, the companies said. Florida-based Hard Rock International, owned by the Seminole Tribe,…
Land-based
Commercial Observer

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

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

6 biggest casino deals on the Las Vegas Strip in 2022

A number of casino operators changed up their real estate portfolio this year with sales, acquisitions and leasebacks - showcasing a flurry of activity after the short but steep economic fallout caused by the COVID-19 pandemic. And a number of those deals, announced last year, have closed in 2022. Here are six of this year's major deals on the…
Industry
6 biggest casino deals on the Las Vegas Strip in 2022
9 News

Tribal owner of Hard Rock now runs Mirage

LAS VEGAS - A new operator, Hard Rock International, started running the iconic Mirage resort on the Las Vegas Strip on Monday, following Nevada state gambling regulatory approval for a nearly $1.1 billion sale by former site owner MGM Resorts International, the companies said. Florida-based Hard Rock International, owned by the Seminole Tribe,…
Land-based
Tribal owner of Hard Rock now runs Mirage
World Casino News

Hard Rock purchases The Mirage from MGM for $1.1 billion

The iconic volcano attraction of the Las Vegas Strip, The Mirage, has officially changed ownership. Following the approval of the Nevada Gaming Commission, the giant Hard Rock International closed the purchase of The Mirage operations from MGM in a $1.1 billion cash deal on Monday. Most desired resort location: The deal, disclosed in December 2021…
Land-based
Hard Rock purchases The Mirage from MGM for $1.1 billion
KOLO

Tribal owner of Hard Rock now running Mirage on Vegas Strip

LAS VEGAS, Nev. (AP) - A new operator, Hard Rock International, started running the iconic Mirage resort on the Las Vegas Strip on Monday, following Nevada state gambling regulatory approval for a nearly $1.1 billion sale by former site owner MGM Resorts International, the companies said. Florida-based Hard Rock International, owned by the Seminole…
Land-based
Tribal owner of Hard Rock now running Mirage on Vegas Strip
CBS News

Florida-based Hard Rock International now running iconic Mirage resort in Las Vegas

LAS VEGAS - A new operator, Hard Rock International, started running the iconic Mirage resort on the Las Vegas Strip on Monday, following Nevada state gambling regulatory approval for a nearly $1.1 billion sale by former site owner MGM Resorts International, the companies said. Hard Rock International, owned by the Seminole Tribe, said it plans to…
Land-based
Florida-based Hard Rock International now running iconic Mirage resort in Las Vegas
Fox 5 Vegas

Tribal owner of Hard Rock now running Mirage on Las Vegas Strip

LAS VEGAS (AP) - A new operator, Hard Rock International, started running the iconic Mirage resort on the Las Vegas Strip on Monday, following Nevada state gambling regulatory approval for a nearly $1.1 billion sale by former site owner MGM Resorts International, the companies said. Florida-based Hard Rock International, owned by the Seminole…
Land-based
Tribal owner of Hard Rock now running Mirage on Las Vegas Strip
Hospitality Net

Hard Rock® Completes Acquisition of The Mirage Hotel & Casino®

LAS VEGAS, NEV. - Hard Rock International (HRI) on Friday received regulatory approval from the Nevada Gaming Commission for its acquisition of The Mirage Hotel & Casino from MGM Resorts International. HRI assumed operations control of the property as of 6 a.m. Monday, December 19. Under terms of the transaction, HRI paid $1.075 billion in cash for…
Land-based
Hard Rock® Completes Acquisition of The Mirage Hotel & Casino®
KTVQ

Hard Rock takes over operations of Mirage hotel-casino in Las Vegas

LAS VEGAS, Nev. (KTNV) - Hard Rock International officially began operating The Mirage Hotel & Casino on Monday. Hard Rock International paid $1.075 billion in cash for operating assets of The Mirage and entered into a long-term lease agreement with VICI Properties Inc., which owns the real estate the casino sits on. The resort will operate as The…
Land-based
Fox 5 Vegas

Hard Rock completes acquisition of Mirage on Las Vegas Strip for more than $1B

LAS VEGAS, Nev. (FOX5) - Hard Rock International has completed its acquisition of the Mirage on the Las Vegas Strip. According to a news release, Hard Rock on Friday received regulatory approval from the Nevada Gaming Commission to acquire The Mirage Hotel & Casino from MGM Resorts International. Following the approval, Hard Rock assumed operations…
Land-based
Hard Rock completes acquisition of Mirage on Las Vegas Strip for more than $1B
Review Journal

Hard Rock’s $1.1B purchase of The Mirage on Las Vegas Strip is complete

The Mirage is officially under new ownership. MGM Resorts International announced Monday that it closed its nearly $1.1 billion cash sale of the Las Vegas Strip resort's operations to Hard Rock International, owned by the Seminole Tribe of Florida. The deal, first unveiled in December 2021, could spell the end of The Mirage's iconic outdoor volcano…
Land-based
Hard Rock’s $1.1B purchase of The Mirage on Las Vegas Strip is complete
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
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
Las Vegas Strip Leader Sells Key Casino
The Street

Huge Las Vegas Strip Casino Deal Falls Through

Real estate on the Las Vegas Strip has become incredibly valuable. Strips of land sell for tens of millions of dollars and any parcel big enough to host a casino goes for much more than that. Actual casinos sell for billions of dollars. MGM Resorts International MGM sold Mirage to Hard Rock International for $1 billion and paid $1.625 billion to…
Land-based
Casino City Times

Century Casinos provides updates on Caruthersville projects

Gaming News 5 December 2022 (PRESS RELEASE) -- Century Casinos, Inc. broke ground on the new land-based casino and hotel development at Century Casino Caruthersville (the "Caruthersville Project") on Friday, 2 December. The Mississippi casino at Century Casino Caruthersville will offer 650 slot machines (with the possibility of an expansion of up…
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Hard Rock Reveals Transformation Plans for Mirage Casino

Hard Rock has revealed its plans to transform the Mirage casino in Las Vegas in the coming years. [Image: Shutterstock.com] Hard Rock International has revealed its plans to transform the Mirage casino resort on the Las Vegas Strip. The casino company presented the plans to the Nevada Gaming Control Board on Wednesday. It is planning to invest…
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Hard Rock Reveals Transformation Plans for Mirage Casino
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
Indy Gaming: Research gives AGA ammunition in fight with illegal gambling operations
The Nevada Independent

California developer plans to build a casino resort near Reno convention center

Reno hasn't seen an all-new resort-casino built since 1995 when the former Eldorado Resorts and the former Circus Circus Enterprises got together to open Silver Legacy. San Diego-based Elevation Entertainment wants to end a three-decade drought for casino development. The company submitted plans to the City of Reno for a 200-room hotel-casino to be…
Land-based
California developer plans to build a casino resort near Reno convention center
Yogonet

Missouri: Century Casinos breaks ground on casino development in Caruthersville

Century Casinos has released an update on its casino construction project in Caruthersville, Missouri. The company broke ground on the new land-based casino and hotel development at Century Casino Caruthersville on December 2. The venue will feature 650 slot machines (with the possibility of an expansion of up to 140 additional slot machines),…
Land-based
Missouri: Century Casinos breaks ground on casino development in Caruthersville
Guru Focus

Century Casinos Provides Updat

COLORADO SPRINGS, Colo., Dec. 5, 2022 /PRNewswire/ -- Century Casinos, Inc. (Nasdaq Capital Market®: CNTY) broke ground on the new land-based casino and hotel development at Century Casino Caruthersville (the "Caruthersville Project") on Friday, December 2, 2022. The casino at Century Casino Caruthersville will offer 650 slot machines (with the…
Land-based
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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…
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VICI Adds Two Las Vegas Casino Properties in $5.5bn Deal
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
Big Las Vegas property owner to take full ownership of two casinos
Review Journal

Casino landlord taking full ownership of MGM Grand, Mandalay in $1.3B cash sale

Casino landlord Vici Properties is taking full ownership of MGM Grand and Mandalay Bay's real estate, in a nearly $1.3 billion cash buyout. Vici announced Thursday that it reached a deal to purchase financial giant Blackstone's 49.9 percent stake in the properties, both of which are leased to casino giant MGM Resorts International. Vici, which…
Land-based
Casino landlord taking full ownership of MGM Grand, Mandalay in $1.3B cash sale
The Street

Unique New Las Vegas Strip Casino Faces a Problem

Building a resort/casino -- even one that's small compared to the megaresorts owned by Caesars Entertainment (CZR) - Get Free Report, MGM Resorts (MGM) - Get Free Report, and Wynn Resorts (WYNN) - Get Free Report -- involves enormous resources. Besides hundreds of millions of dollars of capital, a developer also needs a complicated array of permits…
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The Street

Las Vegas Strip Brings Back Retired Classic Band

Music history has no shortage of performers who have announced their final tours, only to return to the stage not long after "retiring." Iconic rock band The Who famously embarked on their final tour in 1982, but seven years later returned for a 25th anniversary tour in 1989. And seven years after that, they embarked on a "Quadrophenia" tour in…
Land-based
The Nevada Independent

Indy Gaming: Caesars pulls the plug on its three-year plan to sell a Strip casino

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 Caesars Entertainment CEO Tom Reeg wanted…
Sports
Indy Gaming: Caesars pulls the plug on its three-year plan to sell a Strip casino
The Street

Iconic Las Vegas Strip Resort To Get $1 Billion Upgrade

Built in 1999, the Venetian Las Vegas isn't one of Sin City's oldest resorts, by any means--though it certainly is one of the biggest, as it boasts 36 stories and is more than 475 feet. It also houses the world's second-largest hotel, and a 200000-square-foot casino. So yeah, it's pretty big. But now that the Apollo Global Management (APO) has…
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Poker News Daily

Caesars Entertainment Reverses Plans to Sell a Las Vegas Strip Property

The United States casino industry has gone through changes in the last few years, as companies have bought and sold casinos, shut some down, and renamed others. On Tuesday, we found out that one thing will stay the same in the immediate future: Caesars Entertainment is not going to sell any of its properties on the Las Vegas Strip. In a third…
Land-based
Caesars Entertainment Reverses Plans to Sell a Las Vegas Strip Property
The Street

Caesars' Las Vegas Strip Asset Sale Has a Resolution

Real estate on the Las Vegas Strip has become incredibly valuable. Strips of land sell for tens of millions of dollars and any parcel big enough to host a casino goes for much more than that. Actual casinos sell for billions of dollars. MGM Resorts International MGM sold Mirage to Hard Rock International for $1 billion and paid $1.625 billion to…
Land-based
Caesars' Las Vegas Strip Asset Sale Has a Resolution
The Street

Las Vegas Strip Brings Back Classic Rock Act

The Las Vegas Strip has evolved over the years from hosting glitzy, if kitschy, performers like Donny & Marie, magicians Siegfried & Roy and pianist Liberace in the past to currently booking a parade of mainstream musical performers in long-term residencies. What hotel casino owners know is that it takes more than a gambling casino for visitors to…
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News-Daily

Caesars Misses Deadline on Las Vegas Strip Casino Sale

It looks like the sale won't be happening (at least for now) and that could mean big changes at the iconic resort casino Selling an asset on the Las Vegas Strip, at a time when any property on that historic 4.2-mile road has become incredibly valuable, seems like a terrible idea. Yes, prices have hit historic highs, but the value of the asset still…
Land-based
Caesars Misses Deadline on Las Vegas Strip Casino Sale
The Street

Caesars Nears (or Passes) Deadline for Las Vegas Strip Casino Sale

Selling an asset on the Las Vegas Strip, at a time when any property on that historic 4.2-mile road has become incredibly valuable, seems like a terrible idea. Yes, prices have hit historic highs, but the value of the asset still seems higher than any price you might get for it. That makes it at least somewhat questionable as to why Caesars…
Land-based
Caesars Nears (or Passes) Deadline for Las Vegas Strip Casino Sale
Vegas Slots Online

US Casino Landlords Dominate 2022 US Property Sector

Casino real estate investment trusts (REITs) have surprised many industry experts with their inflation-hedging abilities. They have now become the only segment of the US property sector to post positive financials in 2022. casino REITs are better protected from inflation" On Friday, Hoya Capital research revealed that "casino REITs are better…
Travel
US Casino Landlords Dominate 2022 US Property Sector
Yogonet

Century eyeing potential flagship resort in Sparks' Nugget Casino acquisition; open to other Nevada opportunities

As it eyes the completion of its pending $195 million acquisition of the Nugget Casino Resort in Sparks, operator Century Casinos prepares to embrace a new phase of its development as a company. The property is set to provide the business with an opportunity to prove its expertise in the long-sought destination market of Nevada, and executives have…
Industry
Century eyeing potential flagship resort in Sparks' Nugget Casino acquisition; open to other Nevada opportunities
Review Journal

Rocky Gap Casino Resort being sold by Strat owner Golden Entertainment to Colorado company for $260 million

Golden Entertainment Inc., operator of the Strat, Arizona Charlies and dozens of taverns under the PT's brand, is selling its Rocky Gap Casino Resort in Maryland for $260 million. Las Vegas-based Golden on Thursday said it is selling the casino real estate in Flintstone, Maryland to real estate investment trust Vici Properties Inc. for $203.9…
Travel
Rocky Gap Casino Resort being sold by Strat owner Golden Entertainment to Colorado company for $260 million
WTOP

Rocky Gap Casino in Maryland sells for $260 million

Golden Entertainment Inc. has reached an agreement to sell the Rocky Gap Casino Resort in Flintstone, Maryland, to Century Casinos and real estate investor VICI Properties for $260 million in cash. According to the deal, Century Casinos will pay $56.1 million for the operations of the Rocky Gap casino, while VICI will pay $203.9 million for its…
Travel
Rocky Gap Casino in Maryland sells for $260 million
REBusiness Online

VICI Properties, Century Casinos Agree to Acquire Rocky Gap Casino Resort in Flintstone, Maryland for $260M

FLINTSTONE, MD. - New York City-based VICI Properties Inc. (NYSE: VICI) and Century Casinos Inc. (NASDAQ: CNTY) have entered into a definitive agreement to acquire the operations of Rocky Gap Casino Resort from Golden Entertainment Inc. for approximately $260 million. Rocky Gap is situated along Lake Habeeb in Flintstone, located in the western…
Travel
VICI Properties, Century Casinos Agree to Acquire Rocky Gap Casino Resort in Flintstone, Maryland for $260M
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