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.
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The property first opened in 1970s as the Howard Johnson Hotel.
The move could help MGM Resorts International capture a specific kind of traveler — those that belong to a younger, affluent demographic, according to Jefferies analyst David Katz.
Hooters Hotel and Casino Las Vegas will become OYO Hotel & Casino Las Vegas with a transformation expected by the end of the year.
Caesars Entertainment Corp. and Tesla opened a new supercharging station last week behind The Linq Promenade, near the High Roller.
The ringleader of a group that scammed the Bellagio out of an estimated $1.2 million through craps has been the 36th person placed on the “black book,” Nevada’s list of excluded persons.
With licensing approval, GVC joins a growing list of British sportswagering companies entering U.S. markets.
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