Tag Archives Las

Credit rating concerns for Las Vegas Sands Corporation

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International credit ratings firm Moody’s Investors Service Incorporated has reportedly announced that it is currently considering whether to lower its financial assessment for American casino giant Las Vegas Sands Corporation. According to a report from GGRAsia, the organization revealed that the review, which is also looking at the Las Vegas-based gambling firm’s Sands China ...

Coronavirus sees Wynn & MGM suspend ops in Las Vegas: temporary closings also in NY, MA, MI, OH and CA cardrooms

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There will be a little less “sin” in Sin City for the foreseeable future after two of the biggest operators in Las Vegas, MGM Resorts International and Wynn Resorts, announced they would be closing their flagship properties in an effort to stem the spread of the coronavirus (COVID-19). According to the Sunday announcement from ...

MGM Resorts International introducing BetMGM to its Las Vegas estate

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American casino operator MGM Resorts International has announced that its nine venues in Las Vegas have begun rolling out the new mobile-friendly BetMGM sportsbetting service so as to give aficionados the ability to place wagers on a wide range of professional and collegiate sporting events. The Las Vegas-headquartered firm used an official Friday press ...

Las Vegas Sands Corporation records mixed fourth-quarter results

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American casino operator Las Vegas Sands Corporation has reportedly announced that it saw company-wide net revenues for the final three months of 2019 increase by 1% year-on-year to $3.51 billion despite chalking up a 0.8% decline in aggregated takings from its properties in Asia. According to a report from Inside Asian Gaming, the Las ...

MGM Resorts Incorporated inks lease-back deals for pair of Las Vegas venues

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After inking a lease-back agreement for its Bellagio Las Vegas venue in October and American casino giant MGM Resorts International has now announced the signing of a similar deal covering its MGM Grand Las Vegas and Mandalay Bay Resort and Casino Las Vegas venues. The Las Vegas-headquartered firm used an official Tuesday press release ...

Las Vegas-based Everi to acquire Micro Gaming Technologies for $25 million

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Everi Payments Inc., a subsidiary of Las Vegas-based gaming equipment producer Everi Holdings Inc. (NYSE: EVRI) has acquired Micro Gaming Technologies Inc., a company that specializes in casino loyalty and marketing software. The small privately held company has since it was incorporated in 1999 been designing and developing applications for the casino industry including ...

Phil Ruffin closing in on Circus Circus Las Vegas purchase

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In Las Vegas and billionaire businessman Phil Ruffin (pictured) is reportedly one step closer to completing his $825 million acquisition of the Circus Circus Las Vegas property after being approved for a license by the Nevada Gaming Commission. According to a Thursday report from the Las Vegas Review-Journal newspaper, the 84-year-old inked a lease-back ...

Wynn Las Vegas preparing for Wynn Signature Series poker tournaments this January

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Known for their quality poker tournaments, the Wynn Las Vegas is preparing for yet another poker series this January. The Wynn Signature Series will kick off on January 15th, offering almost three weeks of quality poker gaming. The series will run through February 2nd, offering over $1.3 million in total guaranteed prize money. The ...

Even more attractions to be added to coming Resorts World Las Vegas

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Asian casino operator Genting Malaysia Berhad has announced that it has decided to add a number of unique attractions to its coming Resorts World Las Vegas facility including a 5,000-seat theater and a 75,000 sq ft ‘nightlife and daylife concept.’ The Kuala Lumpur-listed firm used an official Thursday press release to detail that the ...

MGM Resorts International soliciting interest in pair of Las Vegas properties

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After recently inking lease-back deals for a pair of its properties and American casino operator MGM Resorts International is now reportedly trying to similarly offload its MGM Grand Las Vegas and Mandalay Bay Resort and Casino Las Vegas venues. According to a Monday report from the Bloomberg news service citing anonymous sources, the Las ...

San Manuel Band of Mission Indians agrees stadium partnership with Raiders for new Las Vegas home

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The National Football League’s (NFL) Oakland Raiders’ soon to be new home in Las Vegas, Nevada, Allegiant Stadium, has reportedly gained a second corporate sponsor. According to the Monday announcement from the San Manuel Band of Mission Indians, the federally-recognized tribe has partnered with the Raiders, whose Las Vegas Stadium Co., construction subsidiary is ...

MGM Resorts International close to selling Circus Circus Las Vegas

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American casino operator, MGM Resorts International, is reportedly in advanced talks to offload its family-friendly Circus Circus Las Vegas property to an entity controlled by the man behind the nearby Treasure Island Las Vegas venue. According to a Monday report from the Las Vegas Review-Journal newspaper, the Las Vegas-headquartered firm reached a handshake agreement ...

MGM Resorts International eyeing MGM Grand and Bellagio Las Vegas sales

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American casino operator, MGM Resorts International, is reportedly engaged in advanced negotiations that could see it sell its MGM Grand and Bellagio Las Vegas properties to private equity firm, Blackstone Group, for approximately $7 billion. According to a Monday report from the Bloomberg news service, the giant casino firm is said to be exploring ...

Wynn Resorts Las Vegas awarded Great Workplace certification

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American casino operator, Wynn Resorts Limited, seems to have finally overcome some of the fallout associated with the alleged distasteful exploits of its former Chief Executive Officer, Steve Wynn, after announcing that its Wynn Las Vegas venue has been awarded with the coveted Great Workplace designation by the independent Great Place to Work Institute. ...