The CEO of Allied Esports Entertainment said the company is looking to figure out a way “to achieve a more asset-light approach to tackle this market.”
Bailey Schulz
Former Business reporter
The $32 million in renovations on the Fremont Street Experience’s Viva Vision canopy are set to debut on New Year’s Eve during the “America’s Party Downtown” event.
MGM Resorts International’s “sale-leaseback” of Bellagio isn’t likely to be its last such deal, and the company is not alone.
MGM Resorts International has landed the naming rights for a performing arts center at Fenway Park, home of the Boston Red Sox.
On Tuesday, Red Rock Resorts executives revealed the company was shutting down Kaos, the Palms’ nightclub and dayclub, effective immediately.
Red Rock Resorts executives announced Tuesday that they’d be shutting down the Palms’ nightclub and dayclub, effective immediately.
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.
Revenue for gaming equipment manufacturer Everi Holdings increased to a quarterly record of $134.6 million, with net income up nearly 350 percent compared with the same period last year.
The MGM Resorts-affiliated real estate trust is looking for more sale-leaseback opportunities in the gaming industry, but executives were mum on whether that includes the MGM Grand.
On Tuesday, Red Rock Resorts announced during an earnings call that Kaos nightclub at Palms will close.
While most of its revenue comes from pigeon control services at casinos and other businesses, the company is known for its abatement contract with Wynn Resorts.
Real estate firm Witkoff announced the longtime Las Vegas gaming executive’s new role as CEO of the planned Las Vegas Strip resort-casino, as well as vice chairman of the firm.
With the Automotive Aftermarket Products Expo and the Specialty Equipment Market Association Show expected to bring thousands of automotive aftermarket professionals to Las Vegas, room rates along the Strip and beyond are starting to surge.
Some analysts believe MGM Resorts International’s “asset-light” strategy may boost its stock, but others say selling such assets could hurt the company in the long run.
Commissioner Roger Goodell will lead a fireside chat at the January event as Las Vegas readies to become an NFL city.