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

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Jackson Progress Argus

Las Vegas Strip losing an iconic casino (and maybe more)

The Las Vegas Strip has not seen an implosion since Riviera in 2016, which was removed in order to enlarge the Las Vegas Convention Center. At one time, they were fairly common as the Aladdin (now Caesars Entertainment's Planet Hollywood) faced implosion in the 1990s, and El Rancho, Desert Inn, Castaways, the Boardwalk Stardust, and Frontier all…

Land-based ・ 20 February 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

News-Daily

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 ・ 05 August 2023

Henry Herald

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

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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

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

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

Mirage Closing, Caesars Flops: 2022’s Top Las Vegas Strip Stories

The Las Vegas Strip kicked off the year by hosting CES, the big tech conference long-known as the Consumer Electronics Show, which was expected to be somewhat close to normal after being virtual the year before. But it ended up as a shell of itself due to the Omicron variant of covid. Instead of Sin City's grand return, the event saw mostly empty…

Land-based ・ 14 December 2022

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The Street

New Casino Owner Closes Beloved Las Vegas Strip Attraction

When a major property changes hands on the Las Vegas Strip, the new owner usually wants to put its stamp on the property. That doesn't always happen quickly. Bally's (BALY) - Get Free Report, for example, has closed on its purchase of Tropicana, and aside from some signage changes to denote the new owner's loyalty program, almost nothing has…

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

Iconic Las Vegas Strip Casino Facing Likely Demolition (or Implosion)

For a city that still has various Elvis Presley's, a few Michael Jackson's, and a Whitney Houston hologram perform every night, Las Vegas has very little nostalgia when it comes to its buildings. The Las Vegas Strip rewards the new and that means that casinos routinely get remodeled and even imploded before something new goes on that site. Some…

Land-based ・ 08 November 2022

Yogonet

Nevada regulators grant Bally's final approval for $308M acquisition of Tropicana Las Vegas

The Nevada Gaming Commission granted final approval Thursday to Bally's Corp purchase of the Tropicana Las Vegas casino. The operator is set to acquire the property for $308 million from Penn National Entertainment. Bally's intends to make the Tropicana its western flagship operation, with the deal expected to formally close between Sunday and…

Industry ・ 01 October 2022

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The Street

Las Vegas Strip Loses One Legendary Casino, Keeps Another (for Now)

Another domino on the Las Vegas Strip has fallen, and that's only the beginning since dominoes generally ripple, sometimes with unintended consequences. Many of the major moves on the Strip are connected. MGM Resorts (MGM) sold the Mirage to Hard Rock International and that led to it buying the Cosmopolitan. MGM likely planned those two moves, but…

Land-based ・ 23 September 2022

The Nevada Independent

Bally’s exec: Tropicana Las Vegas will be the company’s ‘western flagship’

More than a year after first announcing a deal to acquire the Tropicana Las Vegas, Bally's Corp. received preliminary approval from Nevada gaming regulators Wednesday to acquire the Rat Park-era hotel-casino in a $308 million transaction. Company officials told the Gaming Control Board in Las Vegas they plan to close the purchase by the end of the…

Gaming Authorities ・ 07 September 2022

The Street

Viva Pot Vegas? Las Vegas Strip Land Sold to Mystery Buyer

Las Vegas loves mystery almost as much as it loves glamour and glitz. The city has a shady past tied to the mafia, and it has always been hard to distinguish legends from reality. Vegas has always offered speakeasy-type experiences, events you have to know about to attend, and other goings-on tied to the city's mystique. Over the past two years,…

Land-based ・ 07 June 2022

The Street

Billionaire NBA Owner Plans New Las Vegas Strip High-End Casino

Most of the new hotel casino development plans on the Las Vegas Strip lately have centered on the North Strip, between The Strat and the Wynn Resort properties. MGM Resorts International (MGM) - Get MGM Resorts International Report and Caesars Entertainment (CZR) - Get Caesars Entertainment Inc Report, which own over a dozen properties on The…

Land-based ・ 27 April 2022

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The Mountain Jackpot News

Cripple Creek Gaming News Wildwood Expected to Become Part of Golden Nugget Casino Family

Creek Gaming Acquisition Nears the $45 Million Mark Rick Langenberg In a move expected to further increase the profile of the Cripple Creek gaming community, a major restaurant operator and entertainment figure, who also owns a professional basketball team, plans to buy the Wildwood Casino and Hotel for close to $45 million. The proposed deal,…

Covid ・ 20 April 2022

The Street

Here Are All the Big Developments Coming to the Las Vegas Strip

Las Vegas is in the midst of another transition that could change the city's skyline and elevate the international profile of the city. Whether it's attracting professional sports leagues to the town or attracting world-class entertainers to performance residencies, Las Vegas has been on a roll over the past few years. With the new and coming…

Land-based ・ 02 March 2022

Delaware Business Now

Dealmaking is the name of the game for Dover casino resort owner Bally's

Wink and you might miss the latest news on Dover casino-racetrack owner Bally's. The company that recently rebranded the former Dover Downs to the Bally's name is busy building an international empire off a vaguely familiar name in the gambling business. The deal-making kicked into high gear in 2019, with the acquisition of Dover Downs. Earlier,…

Travel ・ 02 February 2022

Card Player

MLB Owners Unanimously Approve Las Vegas Move For Oakland A’s

It's official, the Oakland A's are moving to Las Vegas after Major League Baseball owners gave the franchise's move the go-ahead last week. The team announced plans to move to Sin City in the spring after reaching a deal to build a new stadium right on the Vegas Strip. However, the plan to leave Oakland still needed approval from three-fourths of…

Land-based ・ 21 November 2023

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