This Week in Gambling: Las Vegas online casinos are necessary

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AP News

Las Vegas hotel workers union reaches tentative deal with Caesars

LAS VEGAS (AP) - The labor union representing tens of thousands of Las Vegas hospitality workers announced Wednesday that it has reached a tentative deal with casino giant Caesars Entertainment, a major breakthrough that could help avert an unprecedented strike at more than a dozen hotel-casinos on the Las Vegas Strip. The announcement came after…

Land-based ・ 09 November 2023

Nevada Appeal

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 ・ 26 December 2022

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 ・ 21 December 2022

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 ・ 21 December 2022

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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 ・ 21 December 2022

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 ・ 20 December 2022

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 ・ 20 December 2022

The Nevada Independent

Indy Gaming: Slot company booths teeming with activity at G2E

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 giant football helmet adorned with the…

Gaming Authorities ・ 19 October 2022

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The Street

MGM Shares Plans for Its New Las Vegas Strip Property

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…

Land-based ・ 11 August 2022

Northern Nevada Business Weekly

Caesars spinoff VICI closes on big Vegas Strip property deal

FILE - A plane takes off from Harry Reid International Airport near casinos along the Las Vegas Strip, on Sept. 29, 2021, in Las Vegas. Caesars Entertainment spinoff VICI Properties said April 29, 2022, that it completed its $17.2 billion buyout of MGM Growth Properties, the Las Vegas Review-Journal reported. The deal was first announced last…

Travel ・ 12 May 2022

The Nevada Independent

With Cosmopolitan sale nearing, Blackstone still has money on Vegas

Blackstone Group's time as a Strip casino operator is drawing to a close, but that doesn't mean the New York-based investment conglomerate is done with Las Vegas. Through its Blackstone Real Estate Investment Trust (REIT), the company will continue to own the land and buildings associated with four Strip properties operated by MGM Resorts…

Gaming Authorities ・ 12 May 2022

The Nevada Independent

A buyer’s market: Vegas Strip casinos a hot commodity

High-profile Las Vegas Strip resorts aren't put up for sale every day. Last week, however, Caesars Entertainment and MGM Resorts International, the Strip's two largest operators with a combined 17 properties, each said they wanted to part ways with a hotel-casino. In a year that has seen more than $30 billion in announced mergers and acquisition…

Covid ・ 08 November 2021

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Travel Awaits

Two Major Las Vegas Strip Resorts Putting Hotels Up For Sale

Most visitors on the Las Vegas Strip know there are dozens of hotels and casinos, each with its own theme or individual aesthetic. But behind the scenes, many of the highest-profile properties are owned by two companies: MGM Resorts and Caesars Entertainment. And in the past few months, the two companies have been wheeling and dealing with their…

Travel ・ 05 November 2021

Vegas Slots Online

MGM Resorts Puts The Mirage Casino up for Sale in Vegas

MGM Resorts International has continued its asset-light, reduced Sin City exposure strategy by putting its famed Polynesian-themed The Mirage Las Vegas up for sale. During an investor call on Wednesday, the casino operator's CEO Bill Hornbuckle announced MGM intends to sell The Mirage to another operator. Nevada Independent journalist Howard Stutz…

Travel ・ 04 November 2021

Poker News Daily

MGM Resorts International to Sell The Mirage in Las Vegas

The landscape of the Las Vegas Strip will continue to change, as MGM Resorts International has said it is looking to sell The Mirage. During the company's quarterly conference call on Wednesday, CEO Bill Hornbuckle said that the company feels it has enough exposure on The Strip. "As such, we are currently in the early stages of a process to sell…

Travel ・ 08 November 2021

The Motley Fool

As Vegas Comes Roaring Back, Casinos Look Bullish

The glitz and allure of "Sin City" (Las Vegas) are back in full force, according to the latest Nevada gambling reports, and physical casino companies like MGM Resorts International (NYSE:MGM), Caesars Entertainment (NASDAQ:CZR), Las Vegas Sands (NYSE:LVS), and Wynn Resorts (NASDAQ:WYNN) could be the beneficiaries. Craving excitement, Americans are…

Movies ・ 07 October 2021

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MGM Resorts CEO Wants Legal Online Casinos in Nevada

MGM Resorts CEO Bill Hornbuckle is in favor of Nevada legalizing online casinos. He made these comments on Sunday during a panel discussion at IndyFest, explaining that the gaming industry in the state is currently "missing a significant opportunity for growth." He added that many of the owners of land-based casinos in the state are against this…

Travel ・ 05 October 2021

Yogonet

Nevada: MGM CEO advocates for "necessary" online casino gaming regulation

GM Resorts International CEO, Bill Hornbuckle has made it clear that he deems the Nevada's gaming industry to be "missing a significant opportunity for growth" as it remains reluctant to legalize online casino gaming. Hornbuckle assures that there is a "whole contingent of folks" in the state who own brick and mortar casinos and do not favor…

Law ・ 05 October 2021

The Nevada Independent

MGM Resorts CEO supports legalizing online casinos in Nevada, citing expansion opportunities

Nevada's gaming industry is "missing a significant opportunity for growth" amid reluctance to legalize online casino gaming, the CEO of MGM Resorts International said Sunday. Bill Hornbuckle, who has headed up the state's largest casino operator since March 2020 and has been with the company since 1998, said he recognizes "there's a whole…

Travel ・ 04 October 2021

Forbes

Nevada Records Another $1 Billion Month, But Las Vegas Plods Through A Cautious Recovery

N evada recorded $3.462 billion in revenue from its casinos during the second quarter of 2021, making it the largest quarterly gaming win in the Silver State's history-a signal that the gambling industry is in recovery mode. According to the Nevada Gaming Control Board, the state collected $1.2 billion in gambling revenue in June,…

Religion ・ 30 July 2021

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Las Vegas Has Been on a Roll. Here’s How to Play the Next Leg of Its Rally.

Investing in Las Vegas, like the city itself, continues to evolve. Starting last year, investors bid up Las Vegas-related stock prices and valuations, in part in anticipation of a strong economic recovery helped by pent-up demand, and in part because they look favorably on the recent rush of casino operators into the promising early days of digital…

Strategy Guide ・ 04 June 2021

Review Journal

12 Las Vegas casinos, resorts including Mirage, Palms remain closed

Las Vegas is known for being a city that never sleeps, but several of its properties have had their lights turned off for nearly five months. A total of 12 properties owned by MGM Resorts International, Caesars Entertainment Inc., Red Rock Resorts Inc. and Boyd Gaming Corp. have yet to reopen in Las Vegas, as occupancy rates hover as low as 30…

Travel ・ 07 May 2021