The $1 billion Project Neon freeway construction effort that has frustrated motorists for weeks may also have taken a bite out of Boyd Gaming Corp.’s first-quarter earnings.
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CityCenter Holdings, a subsidiary of MGM Resorts International, agreed to sell the Mandarin Oriental Las Vegas and adjacent retail properties for approximately $214 million.
Shares of MGM Resorts International plunged as much as 10 percent Thursday morning after the company cut its earning guidance for 2018 due to weakness at two Strip properties.
Penn National Gaming exceeded its own first-quarter expectations and remained on course to close on its merger with Las Vegas-based Pinnacle Entertainment that ultimately will save the company $100 million a year.