The Blackstone Group bought homes in bulk to turn into rentals after the market crashed, forming a company, Invitation Homes, for the venture. Invitation now owns almost 50,000 homes, including more than 900 in the Las Vegas area.
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Downtown Las Vegas is outshining the Strip. Through September, downtown casinos have seen gaming revenue increase almost 6 percent compared to 2014. During those same nine months, the Strip is down 1.5 percent.
The Downtown Grand missed the gaming resurgence that has boosted Fremont Street in the past 12 months.
In 2010 Wynn considered moving his corporate headquarters from Las Vegas to the Chinese Special Administrative Region before abandoning the idea. Today, Macau is in a free-fall and it’s taking Wynn Resorts along for the ride.
Out of the fire and into the furnace? After implementing a partial casino smoking ban in October, Macau is now contemplating a total prohibition on smoking in all areas of the region’s gaming market.
Caesars Entertainment, the nation’s largest casino operator with almost 40 properties in 14 U.S. states and the Canadian province of Ontario, is under attack as it struggles to restructure its gaming industry-high debt load of $22.8 billion.
The opening of the Showboat Atlantic City 27 years ago carried the hoopla of a Las Vegas celebration. But on Sunday, the Showboat closed with considerably less fanfare.
While a photographer adjusted lighting equipment, Aristocrat Leisure Ltd. CEO Jamie Odell relaxed in the Australian gaming equipment manufacturer’s south Las Vegas showroom and played a few free spins on a “Batman” slot machine.
MGM Resorts International is showing investors what a 51 percent ownership stake in its publicly traded Chinese subsidiary means financially to the casino operator’s business back home.
Two years ago, Massachusetts was considered a potentially lucrative gaming opportunity.