Owners of the Hard Rock Hotel are in talks to sell the Las Vegas resort, and plans call for billionaire Richard Branson’s Virgin Hotels to operate it, two people familiar with the matter said Friday.
Casinos & Gaming
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Macau gross gaming revenue growth will continue to sizzle over the next two years as more Chinese flock to the peninsula, according to Morgan Stanley.
The Palms will re-open its buffet on Friday. The renovation, which began in July, is part of the massive restaurant relaunch the property is undergoing as a result of its purchase by Station Casinos.
Mandalay Bay Convention Center has apparently increased security in the aftermath of the Oct. 1 shooting.
Comfortable with the leadership Golden Entertainment Chairman and CEO Blake Sartini brings to his company, the Nevada Gaming Commission on Thursday unanimously approved Golden’s $850 million acquisition of American Casino Entertainment Properties and its Stratosphere property.
The American Gaming Association has inducted 92 men and women to the Gaming Hall of Fame, including entertainers, politicians and industry leaders from both the casino operations and manufacturing side.
Forbes magazine has named two Las Vegas-based casino operators to its list of the World’s 100 Greatest Living Business Minds.
A casino manager and philanthropist and the inventor of the automatic card shuffler are among those to be inducted to the American Gaming Association’s Gaming Hall of Fame next month.
MGM Resorts International CEO Jim Murren sent a letter to employees Friday that denounced equality-threatening violence and bigotry, and said the casino company would match employees’ donations to civil rights groups.
MGM Resorts International is ratcheting up the competition with its branded M life card to a demographic that is fiercely loyal to its brands — members of the military and their spouses.
Regulators have said for months that because the federal government recognizes the possession and use of marijuana as a crime, resorts should stand clear of associating with the budding recreational marijuana industry.
Massachusetts Senate President Stan Rosenberg, a chief architect of the state law that legalized casino gambling, said Wednesday he was strongly opposed to a new law that could allow casinos to serve alcohol until 4 a.m.
Through the eyes of convicted murderer Jeremy Strohmeyer, it was all the casino industry’s fault that 7-year-old Sherrice Iverson was strangled to death in a Primm casino on May 25, 1977.
The collective willingness of visionaries to take a risk and to turn left when everyone else wants to go right has made Las Vegas what it is today, a former Las Vegas mayor believes.
MGM Resorts Ltd. paid Chief Executive Officer Jim Murren 25 percent more in 2016 after the Las Vegas-based company beat its earnings target.
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