The Tropicana was profitable right up to its April 2 closing date, and operators didn’t close early because it was losing money, according to executives of the company that owns the resort’s land.
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While visitation inches closer to prepandemic levels, resorts capitalized on big special events in April and had the highest room rates in the city’s history.
Tourism is down dramatically in Singapore and Macao, where Sands is the market leader, but company executives remain bullish on those markets.
MSG Entertainment Corp., parent company of the MSG Sphere at The Venetian, is looking to grow with a merger that may include an entry into a sports wagering partnership.
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