Eldorado CEO Tom Reeg said the divestments are consistent with the company’s continued focus on reducing debt ahead of the merger with Caesars Entertainment Corp.
Casinos & Gaming
For the latest Las Vegas casino and gaming industry news and headlines visit reviewjournal.com.
Red Rock Resorts executives announced Tuesday that they’d be shutting down the Palms’ nightclub and dayclub, effective immediately.
While third-quarter revenue declined 3.6 percent, Wynn Resorts’ officials believe new investment should make for a robust 2020.
The announcement came after the Reno-based company reported solid third quarter earnings, with a record third-quarter adjusted cash flow of $197.8 million.
Caesars Entertainment executive and former Las Vegas Mayor Jan Jones Blackhurst will become a member of the company’s board of directors with Richard Schifter’s departure.
Surveys say that NFL betting trumps college football betting and that people with wagers on games are more likely to attend or watch play on TV with family and friends.
Golden Entertainment continues to invest in The STRAT and had record second-quarter revenue, but results still failed to impress analysts.
Wynn Resorts Ltd. executives aren’t ready to label it a trend, but July revenue figures suggest protests in Hong Kong are starting to affect visitation to Macao.
Las Vegas’ economic standing was another boon to the company’s net revenue, Steve Cootey told Stations Casinos investors during a call on Tuesday.
The top executive for Eldorado Resorts said it isn’t likely a Las Vegas Strip property would be sold until after the company’s acquisition of Caesars Entertainment Corp. closes.
Encore Boston Harbor has rolled out a multimillion-dollar marketing plan in preperation for the June 23 opening of the $2.6 billion resort in Everett, Massachusetts.