Indy Gaming: Despite three closed properties, Red Rock expanding in Vegas
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Red Rock Resorts expects to begin construction in the first quarter of 2022 on a $750 million hotel-casino development in southwest Las Vegas locals market. Three of Red Rock's older properties remain closed 20 months after gaming reopened in Nevada following a 78-day shutdown because of the pandemic. A fourth closed Station Casinos property, Palms Casino and Resort, is in process of being sold to the gaming arm of Southern California’s San Manuel Band of Mission Indians for $650 million. SB386 was passed during the 2021 Legislative session. It guaranteed the rights of gaming and tourism industry workers who were laid off during pandemia to return to their jobs. Redrock opposed the legislation.
Jim Allen will be the next chairman of the American Gaming Association. He is the first representative from a tribal gaming operation to lead the association. The AGA extended the contract of CEO Bill Miller by three years. Seminole Gaming owns six of Florida's seven tribal casinos. Hard Rock International acquired Seminoles in a $1 billion deal in 2007. Hard Rock lists 14 casino properties in the U.S. including on the Atlantic City Boardwalk. In 2019, HardRock opened the $ 1.15 billion Guitar Hotel expansion at the Hollywood resort.
$4.2 million has been raised for the initial phase of the name change of Las Vegas airport to Harry Reid International Airport. The second phase will cost another $3 million. There will be a renaming celebration in December. The Department of Aviation is working with the Clark County Museum to include an in-airport display highlighting Reid’s contributions and achievements. Three $1 million donations were made to the money for name changes. They were from businessman Stephen Cloobeck, professional gambler Billy Walters and his wife Susan, and Boyd Gaming Executive Chairman Bill Boyd and wife Judy.
The NFL and Aristocrat Gaming have signed a multi-year licensing agreement. The league will develop NFL-themed slot machines. They are expected to be on casino floors during the 2023 NFL season. The league was the last professional league to sign on with official sports betting partners. It announced agreements in April with Caesars Sportsbook, DraftKings and FanDuel. In August, the NFL named FOX Bet, BetMGM, PointsBet and WynnBET as approved sportsbook operators.
The UFI Global Congress will be held in Las Vegas in November 2023. It will expose Las Las to key decision makers in the global exhibition industry. Sandra Douglass Morgan has joined Covington & Burling as Of Counsel. She has two decades of experience in gaming industry both as a regulator and as litigation attorney. The U FI is the leading global association of international trade show organizers and exhibition center operators with more than 50,000 industry professionals working with member companies worldwide.
