A Thursday statement revealed that COVID-19 hit the company hard in the first quarter. Early estimates show MGM’s net revenue dropped 29 percent compared with the same period the previous year.
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Treasure Island is planning to open its doors to guests May 15, despite Gov. Steve Sisolak saying Wednesday that gaming shutdowns will probably be extended.
The mock resort-casino space inside the new Black Fire Innovation hub provides an open environment where students, startups and companies can collaborate and test technology for the the gaming and hospitality industry. The hub held its grand opening Thursday morning.
The nearly 51-year-old hotel-casino, estimated to be worth between $850 million and $950 million by Macquaire analyst Chad Beynon, has been a gold mine for MGM Resorts.
Nevada was one of the top states for franchise growth last year, according a 2018 report from the International Franchise Association, based in Washington, D.C.
The process of moving in trucks that weigh up to 60,000 pounds takes multiple days.
At UNLV’s first Las Vegas Make-A-Thon, 68 students worked in teams to shape business plans, develop programming and buid prototypes ranging from a kitchen thermometer that told jokes to a compressor bin that turns scraps of meat into dog food.