#VICI

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…

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…

This month, Clark County commissioners are set to vote on plans for a major redevelopment of The Mirage Hotel & Casino. The proposals include the replacement of the Strip's megaresort iconic volcano feature with a guitar-shaped hotel tower.The County Commission is scheduled to review the redevelopment plans on March 22. The property's new…

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…

A Colorado-based casino company with Austrian roots was recommended Wednesday for licensing to acquire the Nugget Casino Resort in Sparks. The Nevada Gaming Control Board unanimously approved an application for registration and findings of suitability for several of Century Casinos Inc.'s executives in a 90-minute afternoon hearing. Just over a…

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,…

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…

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…

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…

In a trading update for the period ending 31 December 2022, the gaming group said it generated consolidated net revenues of $3.6bn (€3.35bn/£2.98bn), an increase of 18% compared to the prior year quarter. This featured net revenues of $2.3bn from its Las Vegas Strip properties, which was up 27%. The increase was in part due to the addition of…

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…

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…

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…

If you're a fan of fabulous, over-the-top entertainment that will enchant your senses and help you forget your worries for a few hours, there's no better place to see it than Las Vegas. One thing that lovers of this flashy and fun city know is that it's about a lot more than just gambling. One of the city's greatest charms is that it's…

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…

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…

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…

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…

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…

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…

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…

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…

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,…

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…

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…

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…

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…

Builder and operator of hospitality and commercial properties Fontainebleau Development and Koch Real Estate Investments (KREI) have secured - with J.P. Morgan as an administrative agent - a $2.2 billion construction loan to complete Fontainebleau Las Vegas. Real estate investment trust VICI has agreed to provide up to $350 million in mezzanine…

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…

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…

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…

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…

Las Vegas has seen almost two years of monthly gaming revenue records, previously unseen numbers at Reid International Airport, and if you walk into a casino right now? It's wall-to-wall people almost every night of the week. The world of gambling, gaming and casinos is continuing to grow. And we're going to be taking more regular looks at the…

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,…

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),…

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,…

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…

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,…

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…

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…

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…

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,…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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),…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

Cabot, which has focused primarily on developing and operating golf destinations with a resort and residential component, is now getting involved in the third-party golf management business. Through it's CDN Golf Management Inc. affiliate, Cabot has entered a 20-year agreement to manage and operate all four golf facilities owned by VICI Properties…

Caesars Entertainment (CZR) and MGM Resorts International (MGM) 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 Mirage for the sleeker, more modern Cosmopolitan. That was a bold move that the…

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…

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…

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…

Home / News / Century Casinos executive: 'If you're a gaming company, wouldn't you want to be in Nevada?' By Howard Stutz Century Casinos' pending $195 million acquisition of the Nugget Casino Resort in Sparks will rewrite the company's corporate profile. The regional casino operator, which began in Europe, doesn't have what gaming observers…

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…

According to the company, the transaction will be funded with cash from Century Casinos' balance sheet. Century Casinos will amend its triple net lease agreement with VICI to include Rocky Gap concurrently with the transaction's closing. A press release explains that the amendment to the lease will include an initial annual rent for the Rocky Gap…

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…

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…

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…

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…

CUMBERLAND - Golden Entertainment announced plans Thursday to sell Rocky Gap Casino Resort for $260 million. The sale to Century Casinos and real estate investor VICI Properties was reportedly announced during a meeting of the Maryland Lottery and Gaming Control Commission. According to a news release issued by Golden Entertainment, Century will…

Century Casinos has entered into a definitive agreement to acquire the operations of Rocky Gap Casino Resort in Maryland from Lakes Maryland Development, the Colorado-based company announced Thursday. The business will be taking over the operations for approximately $56 million. The transaction is expected to close mid-2023, subject to regulatory…

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…

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 the labor market has gotten very tight, the cost of construction materials has gone up, and working conditions are…

The American Gaming Association (AGA) announced the Gaming Hall of Fame Class of 2022, honoring three leaders for their noteworthy contributions to the industry: Gavin Isaacs, former President and CEO, Scientific Games Corporation and current Chairman, Games Global Virginia McDowell, former President and CEO, Isle of Capri Casinos and current…

Macquarie Research thinks casinos in Las Vegas are in better shape to handle an economic downturn than they have been in the past due to leaner cost structures and tight supply in the market. Analyst Chad Beynon and team also pointed to strong pent-up demand for work travel and conferences, which are expected to help counterbalance a softer leisure…

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…

In Michigan, the city of Detroit's trio of commercial casinos including MGM Grand, MotorCity and Hollywood Casino at Greektown has collectively reported monthly revenue for July of $107.2 million, some $8.6 million shy of June's monthly aggregate revenue of $98.6 million, according to figures released this week by the midwestern state's gaming…

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 More than a year after announcing a deal…

A casino executive with deep Las Vegas ties has been tapped as president of the Hard Rock Hotel Las Vegas, which is slated to replace The Mirage on the Strip. Joe Lupo has more than 30 years of casino experience, most recently as the president of the Hard Rock Hotel in Atlantic City since November 2018. Before that, he was president of the Seminole…