MGM Growth Properties’ offer to buy a Caesars Entertainment real estate investment trust spinoff that serves as a landlord to 20 properties, including Caesars Palace, has been unanimously rebuffed by the board of Vici Properties.
Casinos & Gaming
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The Lucky Dragon, after closing its casino and restaurants this month, now faces foreclosure.
Owners of Golden Entertainment are selling as much as $206 million of stock after the shares nearly tripled in 2017.
MGM officials disclosed Tuesday that the company has been in negotiation with Vici Properties, which controls Caesars Palace and Harrah’s in Las Vegas, making public an offer of $19.50 a share to present to shareholders.
Casino developer Steve Wynn’s namesake company announced last month that it reached a deal to acquire about 38 acres of land across Las Vegas Boulevard from the Wynn Las Vegas for $336 million.
Tourism and gaming leaders are starting to think big about what Las Vegas is going to look like as an NFL city.
The Strip’s largest resorts nearly tripled net income from gaming and attractions last year with revenue from casinos and amenities rising modestly, a new state report says.
Republican State Sen. Becky Harris will become the first woman to chair the state Gaming Control Board after her appointment to the post Friday by Gov. Brian Sandoval.
There’s a new competitor on the horizon in slot machine manufacturing as the Nevada Gaming Commission on Thursday unanimously approved a registration order and an initial public offering for Las Vegas-based AGS.
It’s going to take a little longer for poker players involved in a high-profile player dispute between Red Rock Resort and more than 80 players who stand to split about $120,000 of a “bad-beat jackpot” will get their money.
Luxor’s former LAX nightclub will open as Esports Arena Las Vegas on March 22 with a series of events, including an invitation-only, multiday, live-streamed tournament.
Stan Fulton, the Anchor Gaming founder and chairman who donated millions of dollars to the University of Nevada, Las Vegas, including a $6.7 million gift to enable the construction of a building bearing his name on campus, died Jan. 4.
MGM Resorts and the Metropolitan Police Department have confirmed discussions for a possible SWAT building at the site of the Las Vegas Strip shooting.
A Las Vegas gaming equipment manufacturing company that plans to expand its slot-machine offerings has been recommended for approval for an initial public offering as a publicly traded company by the state Gaming Control Board.
Intel Corp., maker of semiconductors, will fly 250 light-emitting drones over the Fountains at Bellagio through Thursday as nearly 180,000 tech enthusiasts take over Las Vegas for CES.