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 Cosmopolitan of Las Vegas is furloughing part-time and on-call employees, effective Tuesday.
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.
While bids are coming in from operators from around the world, experts say these discussions could give Nevada-based operators a leg up in the competition.
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.
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.