MGM Resorts International’s purchase of The Cosmopolitan of Las Vegas, the company’s planned sale of The Mirage and remarks by Penn National CEO make gaming headlines.
Richard N. Velotta
Assistant Business Editor
Email: rvelotta@reviewjournal.com
Phone: (702) 477-3893
X: @RickVelotta
Richard N. “Rick” Velotta has covered business, the gaming industry, tourism, transportation and aviation in Las Vegas for 25 years. A former reporter and editor with the Las Vegas Sun, the Ogden (Utah) Standard-Examiner, the Arizona Daily Sun in Flagstaff and the Aurora (Colo.) Sun, Velotta is a graduate of Northern Arizona University where he won the school’s top journalism honor. He became the Review-Journal's assistant business editor in September 2018.
After Penn National shares fell more than 20 percent Thursday, there was a slight rebound Friday. Analysts say a negative article about partner Barstool Sports is to blame.
Penn National Gaming’s top executive, during a Thursday earnings call, said having a Strip presence isn’t essential to the company’s growth strategy.
Work crews at the MSG Sphere at The Venetian project have begun the framing for interior screens and sound system on the $1.66 billion, 17,500-seat entertainment venue.
Vegas Chamber’s largest networking and forecasting event, Preview Las Vegas, to be at Allegiant Stadium on Jan. 18.
The company that operates the Strat says it hasn’t seen any effects — good or bad — from the opening of Resorts World Las Vegas in June.
The planned Station Casinos property being built by Red Rock Resorts on Durango Drive is expected to cost the company $750 million to develop.
“Our business is thriving and we are accelerating on all fronts,” Marc Rowan co-founder, CEO and director of New York-based Apollo Global Management Inc., said during Tuesday’s earnings call.
Measures to halt COVID-19 spread were behind the 40 percent year-over-year decline, analysts say.
The National Association of Broadcasters, which brings between 90,000 and 100,000 broadcasting professionals to Las Vegas every April, is returning in 2022.
More than 100,000 car enthusiasts from across the country are expected to attend SEMA, the speciality equipment automotive show that starts Tuesday.
Four companies submit bids on five proposals for Chicago’s first integrated resort with Bally’s Corp., Rush Street and Hard Rock International all in the mix.
Sportico is reporting that New York Mets majority owner Steven Cohen is in preliminary talks with Las Vegas Sands Corp. to build a casino next to the Mets’ stadium, Citi Field.
A New York private equity firm specializing in acquisitions is buying Scientific Games lottery division for $6.05 billion in a deal that would close in the second quarter of 2022.
Bally’s Corp. moved closer to becoming the omnichannel gaming company it is building after winningNevada regulatory approval Thursday to amend its registration as a gaming company in the state.