#Fertitta

huffpost.com

Labor Board Orders Station Casinos To Bargain With Union

Officials at the National Labor Relations Board have ordered a group of Las Vegas casinos to bargain with a union even though the union lost its election, finding that the company's illegal behavior spoiled the vote. The decision against Station Casinos marks the first time the labor board has issued what's known as a Cemex order, so named for…

Incidents ・ 19 June 2024

Review Journal

What does Station Casinos own in Las Vegas?

The Station Casinos brand has been associated with the Las Vegas locals gaming market since businessman Frank Fertitta Jr. purchased a 10 percent stake in the Bingo Palace, which later became Palace Station, in the late 1970s. Red Rock Resorts, the parent company of the Station Casinos brand, has more than 3000 hotel rooms, about 2 percent of the…

Land-based ・ 10 June 2024

8 News Now

Durango Casino & Resort drives record quarter for locals giant Red Rock

LAS VEGAS (KLAS) - How successful is Durango Casino & Resort five months after it opened in the southwest Las Vegas valley? Adding more parking to the brand-new locals resort is a priority, and that should tell you all you need to know. Red Rock Resorts, the publicly traded entity of Station Casinos, reported a 12.9% increase in revenue and a 7.3%…

Land-based ・ 08 May 2024

Review Journal

Station Casinos says Durango expansion could start by yearend

Station Casinos' five-month-old resort Durango could move forward with expansion plans by the end of this year or early next year, executives with its parent company said Tuesday. The potential expansion of the company's new resort exemplifies its strong debut in the locals casino market. Executives believe Durango will achieve its margin goals…

Finance ・ 08 May 2024

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Gambling Insider

Light & Wonder powers Golden Nugget Casino loyalty program

Light & Wonder Systems has announced the integration of its L&W Engage Enterprise loyalty platform with the 24K Select Club loyalty program at Golden Nugget Casino properties across the country. This collaboration aims to improve player experience and streamline loyalty features for Golden Nugget Casino patrons. At the heart of this partnership…

Industry ・ 30 April 2024

The Nevada Independent

Food halls replacing buffets as casinos look to improve their bottom line

Land-based ・ 17 March 2024

Review Journal

Las Vegas hospitality workers won’t strike before Super Bowl

Culinary Local 226 said it has struck deals with nearly all remaining unsettled hotel-casinos - and called off a strike deadline for one - averting a Monday morning walkout threat at several near-Strip and downtown properties. The last tentative agreement was reached between the hospitality union and Downtown Grand, representing about 200 workers,…

NFL ・ 06 February 2024

Review Journal

Downtown Las Vegas casinos reach deal with Culinary Union

Two downtown casinos owned by Boyd Gaming reached agreement overnight with Culinary Union Local 226 on a tentative five-year contract. The deal involves nearly 500 hospitality workers at Fremont Hotel and Casino and Main Street Station. The union made the announcement on X. Culinary is negotiating a new city-wide five-year contract for its members.…

Land-based ・ 03 February 2024

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Review Journal

Fontainebleau Las Vegas names exec Maurice Wooden as new president

Fontainebleau Development, the parent company of the resort, named longtime Las Vegas hospitality executive Maurice Wooden as the north Strip property's new president, according to a Sunday news release. Wooden was previously Wynn Las Vegas' president and principal executive officer between 2013 and 2019 and a member of the Las Vegas Convention and…

Industry ・ 29 January 2024

Review Journal

Las Vegas projects to watch in 2024

With two casino-resort openings and a Major League Baseball team announcing plans to relocate to Las Vegas in 2023, the new year has some big shoes to fill. But there are many significant projects in the early stages that could move forward in 2024. And, of course, we all want to know if projects such as the Atari Hotel will really happen. Here are…

Land-based ・ 16 January 2024

The Nevada Independent

Indy Gaming: After $600M renovation, what’s next for Las Vegas Convention Center?

LVCVA CEO Steve Hill said the facility now has more than 15.4 million square feet of meeting space -enough to attract additional events. 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…

Land-based ・ 10 January 2024

CP24

NBA approves sale of Dallas Mavericks to Las Vegas Sands casino company

DALLAS (AP) - The NBA on Wednesday approved the sale of controlling interest of the Dallas Mavericks from Mark Cuban to the families that run the Las Vegas Sands casino company. The deal was approved just shy of a month since the families of Miriam Adelson and Sivan and Patrick Dumont announced their intention to buy the club. The purchase is in…

Law ・ 28 December 2023

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CBS News

NBA approves sale of Dallas Mavericks to Miriam Adelson, casino company Las Vegas Sands

DALLAS - The NBA on Wednesday approved the sale of controlling interest of the Dallas Mavericks from Mark Cuban to the families that run the Las Vegas Sands casino company. The deal was approved just shy of a month since the families of Miriam Adelson and Sivan and Patrick Dumont announced their intention to buy the club. The purchase is in the…

Politics ・ 28 December 2023

Star Advertiser

Sale of Dallas Mavericks to families behind Las Vegas casino approved

DALLAS >> The NBA today approved the sale of controlling interest of the Dallas Mavericks from Mark Cuban to the families that run the Las Vegas Sands casino company. The deal was approved just shy of a month since the families of Miriam Adelson and Sivan and Patrick Dumont announced their intention to buy the club. The purchase is in the valuation…

Land-based ・ 28 December 2023

Review Journal

Las Vegas may have had it’s best year ever in 2023

It's hard to argue against the position that Las Vegas had its most successful year in its history in 2023. And what do you do after one successful run? Come back for more. That's what local gaming and tourism analysts figure will happen in 2024 after wrapping up a year filled with record gaming revenue and union contract signings, airport…

Travel ・ 27 December 2023

The Nevada Independent

Indy Gaming: Despite losses, Mohegan Gaming not walking away from Vegas casino

The off-Strip casino saw a 42 percent revenue decline; operators blamed a lower hold on table game wagers. 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…

Industry ・ 20 December 2023

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Fontainebleau Adds High-End Casino Option To North End Of Las Vegas Strip

After years of stops and starts, refinancing, ownership changes, and a bevy of other delays, the Fontainebleau resort casino has finally opened in Las Vegas. The $3.7 billion property welcomed a bevy of celebrities and VIPs last week as part of a ribbon cutting and party to officially welcome the new casino to the Las Vegas Strip. Fontainebleau…

Land-based ・ 19 December 2023

iGaming Business

Fontainebleau Las Vegas opening points to growth in luxury visitors

The opening of the $3.8 billion Fontainebleau Las Vegas casino resort this week feeds the narrative that the Strip is becoming more of a destination for wealthier visitors. While previously known as a marketplace once relished by tourists for its inexpensive rooms and cheap buffets, that's now changing. November's inaugural Formula One race on the…

Travel ・ 15 December 2023

The Sun

Two new casinos opening in Las Vegas, one in huge blue tower on Strip

LAS VEGAS - After a hiatus of more than two years, Las Vegas is seeing two new casinos open back to back. The Fontainebleau, at the north end of the Strip, will welcome its first guests on Wednesday, Dec. 13; last week, Durango opened just off the beltway in Spring Valley. The $3.7 billion Fontainebleau occupies an imposing 67-story blue glass…

Travel ・ 15 December 2023

Card Player

New Durango Casino Debuts In Las Vegas

Las Vegas seemingly has gambling options around every corner. You can add one more casino property to the map as patrons were welcomed to the brand-new Durango Casino and Resort, which officially opened for business on Tuesday in the southwest Las Vegas valley. Visitors were given their first look at the $780 million, 15-story property more than…

Travel ・ 08 December 2023

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Durango casino’s grand opening in southwest Las Vegas

Station Casinos' Durango Resort & Casino opened its doors to the public for the first time Tuesday. The 200-room, 83000-square-foot-casino property is parent company Red Rock Resorts' first new property in more than a decade. The property has 2300 slot machines and 60 table games, a 25000-square-foot, 11-stall "Eat Your Heart Out" food hall, four…

Land-based ・ 07 December 2023

KTNV Las Vegas

Durango sparkles on opening day as locals, tourists flock to newest Vegas casino

LAS VEGAS (KTNV) - A couple of hours after the doors opened at Las Vegas' newest casino - the Durango - a long line developed outside the Ai Pono Cafe inside the resort's "Eat Your Heart Out" food hall. The Hawaiian-themed eatery is Gene Villiatora's first foray into the Las Vegas restaurant scene. The eccentric chef says the opening defied his…

Travel ・ 06 December 2023

Star Advertiser

Sprawling hotel-casino catering to locals opening southwest of Vegas Strip

LAS VEGAS >> Las Vegas is getting its first ground-up casino in more than two years, with the debut of a modest $780 million property several miles from the resort-lined Strip that will cater more to local residents than international tourists. Station Casinos, a subsidiary of publicly traded Red Rock Resorts Inc., planned a daylong celebration and…

Travel ・ 06 December 2023

8 News Now

Looking back at Station Casinos rich history in Las Vegas as 14th property opens

LAS VEGAS (KLAS) - The grand opening of the new Durango Casino and Resort marked Station Casinos 14th property on Tuesday. The first Station Casinos property was Palace Station which opened in 1976 as "The casino in Las Vegas" and was then renamed "The Bingo Palace" and finally renamed in 1984 when Frank Fertitta Jr. bought out his partner. Ten…

Travel ・ 06 December 2023

Fox 5 Vegas

Sprawling casino and hotel catering to locals is opening in southwest Las Vegas Valley

LAS VEGAS (AP) - Las Vegas is getting its first ground-up casino in more than two years, with the debut of a modest $780 million property several miles from resort-lined Strip that will cater more to local residents than international tourists. Station Casinos, subsidiary of publicly traded Red Rock Resorts Inc., planned a daylong celebration and a…

Sports ・ 05 December 2023

Vegas Inc

Station Casinos opens doors on Durango Resort, its next generation of luxury

The pool area is seen at the new Durango Resort during a preview of the property Monday, Dec. 4, 2023. The newest Station Casinos resort opens today, Dec. 5, 2023, at the 215 Beltway and Durango Drive. Tuesday, Dec. 5, 2023 | 6 a.m. Patrons who step into the new Durango Resort for the initial time should notice something distinct: It's…

Sports ・ 05 December 2023

AP News

Sprawling casino and hotel catering to locals is opening southwest of Las Vegas Strip

LAS VEGAS (AP) - Las Vegas is getting its first ground-up casino in more than two years, with the debut of a modest $780 million property several miles from resort-lined Strip that will cater more to local residents than international tourists. Station Casinos, subsidiary of publicly traded Red Rock Resorts Inc., planned a daylong celebration and a…

Land-based ・ 05 December 2023

The Nevada Independent

Durango casino heralds a new Red Rock Resorts growth spurt

The company has six potential casino parcels totaling 500 acres throughout the valley. Tuesday morning's opening of the $780 million Durango Casino Resort comes 15 years after the company opened its last development. Red Rock Resorts President Scott Kreeger said a dry spell like that won't be repeated. The company already has a few locations in…

Travel ・ 05 December 2023

CoStar

Casino Magnates Place Bet on This Man's Texas NBA Team

Gambling-adverse Texas could find itself with two NBA owners with gaming ties after Dallas Mavericks owner Mark Cuban agreed to sell a majority stake of the professional basketball team to the family of billionaire Miriam Adelson, the largest shareholder of one of the world's biggest casino operators. Adelson is the widow of Las Vegas Sands tycoon…

Law ・ 30 November 2023

iGaming Business

Playnetic brings in ex-Playtech VP Phillips as new CEO

Phillips takes on the CEO role with immediate effect ahead of Playnetic officially launching next year. Playnetic will make its debut at ICE 2024, which runs from 6-8 February at ExCeL London. Phillips joins Playnetic after over five years leading NEL Advisory, the igaming consultancy he founded in April 2018. Prior to this, Phillips served as…

Industry ・ 16 November 2023

The Nevada Independent

Indy Gaming: Judge says New York county erred in leasing site for Sands’ proposed $5B resort

An analyst said the decision is the least of the problems troubling the state's slow process to approve New York City-area casinos. 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,…

Travel ・ 15 November 2023

iGaming Business

Playnetic brings in ex-Playtech VP Collins as new CEO

Phillips takes on the CEO role with immediate effect ahead of Playnetic officially launching next year. Playnetic will make its debut at ICE 2024, which runs from 6-8 February at ExCeL London. Phillips joins Playnetic after over five years leading NEL Advisory, the igaming consultancy he founded in April 2018. Prior to this, Phillips served as…

Industry ・ 15 November 2023

World Casino News

Red Rock Delays the Casino Opening Until December 5th

The long-expected opening of Durango Casino and Resort in Nevada had been scheduled for November 20. However, as the day comes close, it becomes clear that the resort won't be open when expected. The reasons for the delay: As Red Rock Resorts announced, the opening will be delayed by more than two weeks, which means we won't be able to gamble in…

Travel ・ 08 November 2023

8 News Now

UPDATE: Durango Casino opening delayed, as company pursues 'first class' opening

LAS VEGAS (KLAS) - The highly-anticipated opening of Station Casinos' newest resort, Durango Casino and Resort, will be delayed, the company said Tuesday. The Durango Casino and Resort is now set to open on Dec. 5, a release from Station Casinos said Tuesday. The new resort was originally scheduled to open its doors on Nov. 20. Lorenzo Fertitta,…

Sports ・ 08 November 2023

The Nevada Independent

Red Rock delays opening of Durango resort until Dec. 5

The $780 million hotel-casino was scheduled to open on Nov. 20, but portions of the resort were not complete. Red Rock Resorts has postponed the planned opening of its $780 million Durango Casino and Resort by more than two weeks, saying portions of the southwest Las Vegas property would not be complete by the Nov. 20 announced opening. The new…

Travel ・ 08 November 2023

Star Advertiser

Las Vegas Advisor: New 43-story resort-casino coming to Las Vegas Strip

Permit applications are reportedly being filed for a resort slated for the Strip at Harmon Avenue across from CityCenter. Preliminary plans for the resort owned by Tilman Fertitta call for a 43-story tower with a 2400-room hotel, restaurants, convention space, a spa, a wedding chapel and a 2500-seat theater. The Federal Aviation Commission has…

Land-based ・ 29 October 2023

Commercial-News

Gaming board approves Golden Nugget Danville Casino license

DANVILLE - Danville Golden Nugget Casino received its permanent license to operate on Thursday from the Illinois Gaming Board. The board voted 3-0 in favor of granting Danville Development LLC's owner's license for the Golden Nugget Danville Casino. One member was absent. The license is in effect for four years, expiring in October 2027, when it…

Land-based ・ 27 October 2023

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

Card Player

Station Casinos To Unveil New Durango Casino In Las Vegas This November

Station Casinos is betting big in Las Vegas and the opening of the new Durango Casino Resort in November is expected to be just the beginning of some major expansion plans for the years to come. The new property continues the company's plans to grow considerably in southern Nevada and doubling its current size in the region by 2030. Durango offers…

Land-based ・ 27 September 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

EGR

US and Canadian online real-money and social gaming industry insight

Golden Nugget Online Gaming (GNOG) has confirmed the launch of a new DraftKings-powered igaming mobile casino app in Pennsylvania. The app, now available to Keystone State players, showcases new features including a sleeker design, easy navigation, and exclusive games, with a focus on improving customer experience. It features more than 500 slots…

Industry ・ 21 August 2023

World Casino News

Durango Casino&Resort Intents To Employ 1,200 Workers

With the Durango Casino & Resort set to open in just three months and with the finishing touches currently underway, the owner of said casino-resort, Station Casinos, has revealed that they're now looking to hire potential workers for the upcoming November 20th opening, a total of 1200 workers. New recruitment website: The reveal comes at the same…

Land-based ・ 15 August 2023

World Casino News

Golden Nugget Danville Casino Finally Opened Its Doors

Golden Nugget Danville Casino is finally open! Many city officials, various state representatives, and a range of casino executives were invited to the ribbon-cutting ceremony that was held to celebrate the official grand opening of the long-awaited casino. Huge building with many amenities: The casino is located across 41.500 square feet of gaming…

Industry ・ 10 August 2023

Review Journal

Nevada Gaming Control Board announces slot and table winning percentages statewide

The remarkable roll Nevada's gaming industry has been on for the past three years continues to amaze, and nowhere is it more visible than on the Las Vegas Strip. The Nevada Gaming Control Board last week reported the 28th straight month of gaming win - the amount the state's 435 major casinos took from gamblers in slot machines, table games and…

Land-based ・ 09 August 2023

Jackson Progress Argus

Old School Las Vegas Strip Casino Royale Faces Surprise Implosion

While Las Vegas has always looked to the past for some of its entertainment choices, it's much less nostalgic when it comes to aging casinos. That's especially true on the Las Vegas Strip where land has become so exceptionally valuable that its makes little sense to operate dated properties. That's why it makes sense for Bally's Corp. (BALY) - Get…

Land-based ・ 08 August 2023

iGaming

Red Rock Announces November 20th Opening for Durango Casino & Resort

Red Rock Resorts is gearing up to launch the Durango Casino & Resort in Las Vegas, pending regulatory approval. The much-anticipated grand opening is scheduled for November 20th, and excitement is building. Station Casinos, a subsidiary of Red Rock, will manage this new development. Located near the 215 Beltway on South Durango Drive, the resort…

Land-based ・ 06 August 2023

Review Journal

Durango Casino and Resort to open in November

Durango Casino & Resort, Station Casinos' latest hotel-casino under development in the southwest valley, is expected to open Monday, Nov. 20, executives announced during an earnings call for parent company Red Rock Resorts on Thursday. Located on South Durango Drive near the Clark County 215 beltway, the resort will feature 200 hotel rooms,…

Travel ・ 04 August 2023

playcolorado.com

Colorado's Golden Nugget Casino Opens Soon As It Takes Over Wildwood

The Wildwood Hotel and Casino in Cripple Creek will soon be no more. It will be the Golden Nugget Casino. Dubbed "the highest casino in the world," the facility is undergoing a facelift and name change after Fertitta Entertainment bought the resort at the base of Pike's Peak last year. The official grand re-opening as Golden Nugget will happen this…

Land-based ・ 20 July 2023

Yogonet

Gambler's claim of illegal dice used in Atlantic City's Golden Nugget must be investigated, New York court rules

Nearly two years after New York resident Wayne Chan sued Atlantic City's Golden Nugget casino in a Newark federal court, claiming that the games were unfair, a New York court has now determined that New Jersey regulators should investigate that claim. In September 2021, Chan sued the property after he lost $469125 playing craps in 2018 and 2019.…

Incidents ・ 23 May 2023

Review Journal

A’s Las Vegas stadium land deal to close in Q4, Red Rock says

Red Rock Resorts Inc. - recently in the spotlight for its surprising deal of a binding agreement to sell nearly 49 acres to the Oakland Athletics - on Thursday dodged specific questions about the transaction, during its first-quarter earnings call. Executives said the agreement with the A's is confidential, but it expects the deal to close in the…

Industry ・ 06 May 2023

The Nevada Independent

Tilman Fertitta to buy Hard Rock Lake Tahoe, will convert the casino to a Golden Nugget

The company controlled by Golden Nugget casino owner Tilman Fertitta is acquiring Hard Rock Lake Tahoe from Las Vegas-based Paragon Gaming for an undisclosed price. According to a statement released Friday, privately held Fertitta Entertainment, which is based in Houston, will transform the hotel-casino into a Golden Nugget-branded casino. The…

Incidents ・ 29 March 2023

Review Journal

Developers look to north Las Vegas Strip for expansion

Developers Brett Torino and Paul Kanavos have teamed up to build retail projects in the heart of the Strip, bringing shopping and dining outposts to a section jammed with tourists. Now they're looking to expand to the northern edge of Las Vegas' famed casino corridor - a quieter area that's been seeing more action. The Las Vegas Convention and…

Land-based ・ 11 March 2023

The Nevada Independent

Fertitta executive: ‘No decision’ on development of Las Vegas Strip resort

A top executive for casino operator Tilman Fertitta said Wednesday no decision has been made on the future development of six acres on the Strip that the Texas billionaire acquired last year in anticipation of developing a hotel-casino. "It's very expensive to build right in an inflationary environment," Steven Scheinthal, a vice president with…

Land-based ・ 09 March 2023

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 ・ 20 February 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

The Nevada Independent

New Wildfire Casino starts Red Rock’s latest building boom

The newly opened Wildfire Fremont Casino near downtown Las Vegas isn't going to tip the scales on Red Rock Resorts' balance sheet. The company's big new revenue producer lands later this year when the $750 million Durango Station opens for business. Still, CEO Frank Fertitta III said the 21000-square-foot Wildfire, the seventh of the company's…

Land-based ・ 20 February 2023

Yogonet

Las Vegas: Red Rock Resorts' Durango casino on track to open in Q4 2023, food hall plans unveiled

Red Rock Resorts, parent company of Station Casinos, said Tuesday the under-construction Durango casino, located in the southwest area of the Las Vegas Valley, is expected to be fully enclosed in April, ahead of its late 2023 opening. Chief Financial Officer Stephen Cootey, speaking during a quarterly earnings call, said the $750 million casino is…

Industry ・ 10 February 2023

Review Journal

Red Rock Resorts says casino revenue ‘stable and healthy’

Red Rock Resorts on Tuesday reported a steady locals casino environment, as it moves forward with developing its long-term growth strategy in the Las Vegas Valley. The parent company of Station Casinos reported its best fourth quarter in history for same-store net revenue and second-best fourth quarter in adjusted cash flow and adjusted cash flow…

Finance ・ 09 February 2023

News-Daily

Las Vegas Strip Gets a Dangerous Warning

Covid, M-Pox, RSV, and other illnesses could not keep the Las Vegas Strip Resort Casinos down, but a new development might be a major problem. While the covid pandemic closed the Las Vegas Strip, that closure almost seemed to create an opportunity for major resort casino operators to make changes. MGM Resorts International (MGM) - Get Free…

Land-based ・ 16 January 2023

The Street

Two Billionaires Have Huge Las Vegas Strip Casino Plans

Caesars Entertainment (CZR) - Get Free Report and MGM Resorts International (MGM) - Get Free Report dominate the south and central Las Vegas Strip but they do face challenges to their leadership. Basically, any casino owner and every major hotel operator look at the riches to be had on Las Vegas's iconic 4.2 mile stretch of road and at least…

Land-based ・ 10 January 2023

News-Daily

Huge Las Vegas Strip Properties Likely up for Sale

Some of the biggest names on the Strip appear to be up for bids, and one billionaire casino owner looks likely to be a potential buyer. The Las Vegas Strip has little sympathy for people with money troubles. That's true if you can't pay your hotel bill, run out of money at the tables, or have your credit card declined at dinner. Las Vegas casino…

Land-based ・ 05 January 2023

The Street

Huge Las Vegas Strip Brands Likely Up for Sale

The Las Vegas Strip has little sympathy for people with money troubles. That's true if you can't pay your hotel bill, run out of money at the tables, or have your credit card declined at dinner. Las Vegas casino owners including Caesars Entertainment (CZR) - Get Free Report and MGM Resorts International (MGM) - Get Free Report may no longer take…

Land-based ・ 05 January 2023

Review Journal

Station Casinos juggles real estate deals in valley

Station Casinos outlined big plans a little over a year ago: It wanted to double its footprint in Southern Nevada. And in the past few weeks, as it pushes ahead with that goal, the company has had a flurry of real estate activity. Henderson City Council members voted Tuesday to approve the city's purchase of the 35-acre former Fiesta Henderson…

Industry ・ 05 January 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 ・ 04 January 2023

The Street

MGM Sells a Notorious Piece of the Las Vegas Strip

Most Las Vegas Strip deals are splashy with the land purchase sort of kicking off the publicity cycle for whatever massive casino, resort, or attraction might someday get built on the property. That's essentially what Houston Rockets owner Tillman Fertitta has done. The billionaire, who also owns the Golden Nugget on Fremont Street, purchased land…

Land-based ・ 31 December 2022

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…

Top and Best ・ 31 December 2022

News-Daily

Two Billionaires Have Huge Las Vegas Strip Plans

Strip Leaders MGM and Caesars will face one outspoken billionaire and another more quiet one who both have plans to make a huge mark on Las Vegas' iconic road. Caesars Entertainment (CZR) - Get Free Report and MGM Resorts International (MGM) - Get Free Report dominate the south and central Las Vegas Strip but they do face challenges to their…

Land-based ・ 27 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

Vegas Slots Online

Mavericks Owner Wants New Arena in the Middle of Casino

Dallas Mavericks owner Mark Cuban wants to build a new arena in the middle of a casino resort if gambling options expand in the state. would partner with casino company Las Vegas Sands He outlined the ambitious project to Dallas News in an interview this week. As part of his plans for the NBA team, Cuban said he would partner with casino company…

Law ・ 16 December 2022

iGaming Business

Tilman Fertitta takes Las Vegas

In a city long known for bigger-than-life figures such as mobster Bugsy Siegel, reclusive tycoon Howard Hughes and casino mogul Steve Wynn, Tilman Fertitta is the newest big player on the Las Vegas Strip. The billionaire Texas businessman and owner of Fertitta Entertainment, which owns more than 600 restaurants, hotels, casinos and other…

Industry ・ 14 December 2022

The Street

Las Vegas Strip Venue Demolition Set, New Project Weeks Away

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

Land-based ・ 14 December 2022

The Street

Las Vegas Leader Closes 3 Casinos, Plans Huge Expansion

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

Land-based ・ 12 December 2022

The Mountain Jackpot News

Former Wildwood Casino Owner Bids Farewell; Welcomes New Ownership Group

Industry Veteran Outlines Major Business Challenges for Cripple Creek Trevor Phipps Earlier this year, the Cripple Creek casino world got hit with another financial jolt with the announcement that the town's newest gaming establishment, and the sole gaming hub located outside the historic district, would be changing hands, selling to a big name…

Industry ・ 09 December 2022

KOLO

New hotel-casino proposed on Las Vegas Strip could fill void on resort corridor

LAS VEGAS, Nev. (FOX5) - A proposal for a hotel and casino on the Las Vegas Strip got the green light from Clark County officials, though there is no timeframe for when construction could start. The Clark County Zoning Commission approved a proposal from Tilman Fertitta and Fertitta Entertainment, which owns and represents Golden Nugget casinos,…

Land-based ・ 03 December 2022

The Street

Another Huge Las Vegas Strip Casino/Hotel Project Moves Closer

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

Land-based ・ 30 November 2022

CoStar

Changes in the Cards for Iconic Las Vegas Strip After Big Hotel-Casino Deals

In the past two years, there has been a flurry of hotel investment activity in the Las Vegas market, with nearly 10 transactions achieving sale prices exceeding $1 billion. Total hotel sales volume for the past two years in Las Vegas is nearly $16.8 billion, representing 17% of the total U.S. hotel sales volume during that time frame. Las Vegas…

Land-based ・ 28 November 2022

The Street

Caesars' Las Vegas Strip Failure Turns Into a Huge Win

Every inch of land on the Las Vegas Strip has become incredibly valuable. Recent sales have placed the value of a single acre at $10 million -- and that's land located on the less popular northern end of the Strip. The Las Vegas Convention and Visitors Authority (LVCVA) Board of Directors recently approved the sale and licensed use of a ten-acre…

Land-based ・ 26 November 2022

The Street

Caesars Las Vegas Strip Failure Turns Into a Huge Win

Every inch of land on the Las Vegas Strip has become incredibly valuable. Recent sales have placed the value of a single acre at $10 million -- and that's land located on the less popular northern end of the Strip. The Las Vegas Convention and Visitors Authority (LVCVA) Board of Directors recently approved the sale and licensed use of a ten-acre…

Land-based ・ 26 November 2022

The Street

Las Vegas Strip Adds Another Huge Casino Project

New hotel casino projects along the Las Vegas Strip continue to proliferate following the slowdown during the covid pandemic. Locals and visitors have gotten used to seeing cranes and construction equipment in the area, and they can expect to see a lot more in the coming months. In recent years, the 4.2 miles of the Strip had been dominated by…

Land-based ・ 14 November 2022

Gambling

Texan Tilman Fertitta Building Las Vegas Casino

Workers have begun clearing a site on the resort-lined Las Vegas Strip where Houston's Tilman Fertitta has been OK'd to build a 43-story hotel-casino. A tattoo parlor and decades-old motel are among other buildings being demolished at a 6-acre site on the Strip near Harmon Avenue, according to the Las Vegas Review-Journal. After the site is…

Land-based ・ 13 November 2022

Star Advertiser

Las Vegas Advisor: New casino coming to Las Vegas Strip

Plans have been announced for the 6-acre south-Strip location (across from Aria) purchased by hotel and restaurant magnate Tilman Fertitta for $270 million earlier this year. Fertitta plans to build a 43-story, 2420-room hotel-casino with multiple restaurants, a showroom, convention space, spa, wedding chapel and an auto showroom. Additional…

Land-based ・ 12 November 2022

Daijiworld

4 of America's wealthiest casino owners

Nov 11 (PR): Of course, the majority of people are aware of the "casino whales" and "high rollers," extremely wealthy people who love nothing more than to spend hours gambling millions of dollars. But in casinos, the wealthiest patrons are typically the establishments' owners rather than the players. One or two of these owners are at the pinnacle…

UFC / MMA ・ 11 November 2022

Review Journal

Tilman Fertitta starts demolition for Las Vegas Strip hotel-casino project

Tilman Fertitta demolished an old motel on the Strip, as the Houston billionaire pushes ahead with plans for a towering upscale resort. Works crews recently tore down a former 1960s-era Travelodge on Las Vegas Boulevard just south of Harmon Avenue, leaving piles of concrete, wood and other debris on the site as of Tuesday. Its boarded-up lobby, in…

Land-based ・ 10 November 2022

Yogonet

Las Vegas: Station Casinos to top off Durango tower this Friday

Station Casinos' Durango Casino & Resort, its new $750 million project in the southwest Las Vegas Valley, is currently under construction. This week, a new milestone in the process will see the crews top off the 15-story, 318-foot tower, and will mark the addition of the final beam and pour the last floor of the hotel. Work on the project began…

Travel ・ 03 November 2022

Fox 5 Vegas

New hotel-casino proposal on the Las Vegas Strip could fill void on resort corridor

LAS VEGAS, Nev. (FOX5) - A proposal for a hotel and casino on the Las Vegas Strip got the green light from Clark County officials, though there is no timeframe for when construction could start. The Clark County Zoning Commission approved a proposal from Tilman Fertitta and Fertitta Entertainment, which owns and represents Golden Nugget casinos,…

Land-based ・ 03 November 2022

Vegas Slots Online

Casino Tycoon Tilman Fertitta Buys 6% of Wynn Resorts

Casino tycoon Tilman Fertitta has acquired 6% of Wynn Resorts. A Securities and Exchange Commission (SEC) filing made public over the weekend revealed that the Golden Nugget casino chain owner bought 6.9 million shares in Wynn Resorts on October 19. There were no details regarding the price Fertitta paid for the stake. Any time an individual…

Travel ・ 01 November 2022

Review Journal

Las Vegas casino implosions may be coming with demolitions planned

Las Vegas is known as a place to gamble, party and cut loose. It also has a long history of blowing up buildings to clear space for new ones. And now, a pipeline of big demolitions is set to remake parts of the Strip and other pockets of Southern Nevada. It's too early to say whether the buildings will be torn down Vegas-style - setting off…

Land-based ・ 31 October 2022

Henry Herald

Huge Las Vegas Strip Casino Deal Looks Dead

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

Land-based ・ 26 October 2022

Vegas Slots Online

Texas Governor Is Open to Casino Expansion if Re-Elected

Texas Governor Abbott is open to expanding gambling in the state if he manages to win re-election. [Image: Shutterstock.com] Texas Governor Greg Abbott appears to have opened the door to an expansion of casino gambling in the state. That is, if he wins his re-election battle on November 8. While Abbott emphasized that he does not want widespread…

Politics ・ 26 October 2022

Houston Chronicle

Exclusive: Abbott open to expanded casino gambling in Texas

Gov. Greg Abbott is opening the door a crack to expanded casino gambling in Texas if he wins re-election. While far from an all-out promise to turn Texas into Las Vegas, the Republican is now saying that while he doesn't want a proliferation of gambling in Texas, he's willing to listen to the gaming industry's proposals. "We don't want slot…

Politics ・ 26 October 2022

The Street

Move Over Las Vegas Strip, Fremont St. Adding a Bold New Casino

While the Las Vegas Strip has been known for the glitz and glamour of casino operators, including Wynn Resorts (WYNN), Caesars Entertainment (CZR) and MGM Resorts International (MGM), downtown Vegas has a grittier reputation. Even after the 1995 launch of the Fremont Street Experience -- a massive light and sound show that takes over the whole…

Land-based ・ 22 October 2022

Casino.org

Top 5 Richest Casino Owners In The US

In the UnitedStates, casinos are big money. Of course, most people know about the high rollers and casino whales, extremely rich individuals who love nothing more than gambling millions of dollars in a single session. However, therichest people at casinos are usually not the gamblers, but the casino ownersthemselves. Out of allthese owners there…

Top and Best ・ 21 October 2022

Yogonet

Golden Nugget Casino Danville breaks ground in Illinois with plans to open by March 2023

Ground has been broken on the upcoming Golden Nugget Casino in Danville, Illinois, the sixth Golden Nugget casino in the United States. The ceremony was attended by company officials and local authorities, including Danville Mayor Rickey Williams, Jr, who stood in the center at 204 Eastgate Drive as ground-breakers officially began construction of…

Sports ・ 21 October 2022

Travel Weekly

Station Casinos' growth plans could include a Las Vegas Strip property: Travel Weekly

Construction continues on the $750 million Durango Casino & Resort in the southwest Las Vegas valley. A detailed model of Durango, set to open in the fall of 2023, is displayed at the Red Rock Casino Resort, itself undergoing enhancements that include new restaurants, an adults-only pool and a renovated high-limit slots room. But company executives…

Travel ・ 21 October 2022

Casino City Times

This Week in Gambling: New resort and changes coming to Las Vegas

This week's gambling video finds J. Todd out on the Las Vegas Strip, as he was in town for the Global Gaming Expo. In addition to coverage of new games and interviews from the show, there is Las Vegas news on the changes at Bally's - Las Vegas, the new Tilman Fertitta resort, and how Las Vegas baseball could be a done deal. Details about the new…

Land-based ・ 20 October 2022

Fox 5 Vegas

Clark County approves new 43-story property on Las Vegas Strip

LAS VEGAS, Nev. (FOX5) - Clark County Commissioners on Wednesday approved plans for a new hotel and casino on the Las Vegas Strip. According to the county, the project is from developer Tilman Fertitta. The 43-story, 2400 room hotel and casino is set to be located at Las Vegas Boulevard and Harmon, the county said. According to site plans submitted…

Land-based ・ 20 October 2022

Review Journal

Tilman Fertitta’s hotel-casino plans on Las Vegas Strip headed for vote

Las Vegas' famed casino corridor is poised to get a big new competitor: billionaire Tilman Fertitta. Clark County commissioners are scheduled Wednesday to consider the Houston mogul's plans for a 43-story, 2420-room hotel-casino on the Strip. Located at the southeast corner of Las Vegas Boulevard and Harmon Avenue, the upscale project calls for…

Land-based ・ 19 October 2022

World Casino News

Las Vegas Strip intent for Fertitta Entertainment Incorporated

In the western American state of Nevada and Fertitta Entertainment Incorporated is reportedly planning to double its presence in Las Vegas via the construction of a 43-story casino hotel that will also house a 2500-seat theater and a selection of restaurants. According to a Wednesday report from the Las Vegas Review-Journal newspaper, the firm run…

Land-based ・ 07 October 2022

96.3 KKLZ

Las Vegas Strip Could Soon See A New 43-Story Resort

This may come as a shock (not really), but the Las Vegas Strip could soon see a brand new 43-story resort and casino at the corner of Las Vegas Boulevard and Harmon Avenue. According to an article posted by Eli Segall on ReviewJournal.com, billionaire Tilman Fertitta has filed plans with the Clark County Commission to build an upscale project on…

Land-based ・ 06 October 2022

Vegas Slots Online

Tilman Fertitta Planning 43-Floor Las Vegas Hotel Casino

Billionaire Golden Nugget owner Tilman Fertitta is ready to make a splash on the Las Vegas Strip. In plans filed with Clark County, Fertitta outlined the creation of a 43-story, 2420-room hotel and casino on six acres of land he bought earlier this year. Amenities include a 2500-seat theater, auto showroom, meeting centers, restaurants, a spa, and…

Land-based ・ 06 October 2022