Wednesday, October 5, 2022

Tag: Las Vegas

Caesars aims to sell Strip property in early 2022

Caesars aims to sell strip property early 2022
Caesars’ CEO Tom Reeg said the company plans to use the income generated from the divestiture, together with the proceeds from its sale of William Hill’s non-US assets, to reduce debt.

Kiser Murphey appointed as general manager of the Palms

Palms las vegas cynthia kiser murphey appointed gm
Former MGM Resorts International executive Cynthia Kiser Murphey has been named as the new general manager of the Palms in Las Vegas.

Blackstone sells The Cosmopolitan

Blackstone sells The Cosmopolitan Las VegasBlackBlackstone sells The Cosmopolitan Las Vegasstone sells The Cosmopolitan Las Vegas
MGM Resorts will take over operations at the Las Vegas Strip resort, which sits between two of the company’s properties, the CityCenter and the Bellagio.

Boyd Gaming reopens Main Street Station

Boyd Gaming reopens Main Street Station downtown Las Vegas
Boyd Gaming resumed operations at Main Street Station in downtown Las Vegas in September, with the company attributing the decision to reopen the property to ongoing high demand at the neighbouring California and Fremont hotels.

TCS John Huxley’s ETG solution arrives at The Strat

TCS John Huxley Electronic Gaming Solutions installation The Strat
The Strat Hotel, Casino and SkyPod has become the first property in Las Vegas to receive TCS John Huxley’s Qorex electronic gaming solutions, with the installation of a six-player Qorex Circular Carousel with a Saturn Auto Wheel.

BattleBots slot machine lands in Las Vegas for the 2021 World Championship

Konami BattleBots slot machine lands in Vegas
Konami Gaming has debuted the world’s first slot title based on the BattleBots robot combat competition, while the new game was previewed to the public at Caesars Entertainment Studios during the new season taping of the 2021 World Championship.

Rio’s new owners look to the resort’s salad days

Rio resort renovation
Dreamscape executives have said they plan to draw on the property’s heyday for their new renovation plans, with the company bringing back the Rio’s original owner, Tony Marnell, as architect of record.

US casinos emerge from the pandemic

US casinos Andrew Klebanow comment
Andrew Klebanow, principal at Klebanow Consulting, discusses how COVID-19 has seen US casinos modify their marketing strategy, with many operators achieving substantially higher net income on lower business volumes

Hurrah! Harrah’s Las Vegas completes $200m revamp

Harrah's Las Vegas Renovation
Caesars Entertainment has finished a $200m renovation of its Harrah’s Las Vegas resort. The property now features 2,542 redesigned guest rooms, a complete casino floor remodel and two new LED marquees at its north and south entrances on the Las Vegas Strip.

MGM sells Springfield casino to MGM Growth Properties

MGM Springfield MGM Growth
MGM Resorts International is selling the real estate assets of MGM Springfield in Massachusetts to the company’s real estate investment trust in a $400m transaction.

Caesars buoyed by sequential quarterly improvement

Caesars Entertainment
As the operator saw signs of recovery in Q1, Caesars Entertainment’s CEO Tom Reeg reported the company is experiencing “extremely robust demand” in its group business segment for H2 2021.

Bally’s to acquire Tropicana Las Vegas from GLPI

Tropicana Las Vegas Bally's
Bally’s chairman Soo Kim affirmed that it was “very important for a casino operator with national ambitions to have a Las Vegas presence on the Strip”, while the firm’s president and CEO George Papanier said the deal will enhance the company’s customer base and player database

Resorts World Las Vegas to open in June

Resorts World Las Vegas to open in June
Sin City’s newest integrated resort, Resorts World Las Vegas, will open its doors in June, while its 5,000-seat concert and entertainment venue is due to debut in the autumn.

Circus Circus chooses IGT Advantage

Circus Circus IGT Advantage CMS
The state-of-the-art IGT Advantage casino management system (CMS) will be installed at the Circus Circus hotel and casino on the Las Vegas Strip in Nevada.

Sands looks to new markets

Sands financials new markets
Speaking during his first earnings call since taking the helm, Las Vegas Sands new chairman and CEO Rob Goldstein said the company is looking at potential expansion opportunities in the US, and is also open to sports betting and iGaming.

Circa Resort and Casino launches gaming

Las Vegas Circa Resort and Casino launches gaming
Downtown Las Vegas’ first new resort since 1980, Circa Resort and Casino launched gaming, together with its sportsbook and other amenities at the end of October, while the hotel portion of the property is set to open in December.

Tom Reeg: “Regional is very strong now and going to get stronger”

Tom Reeg Regional stronger
Following the completion of the Eldorado-Caesars Entertainment merger in July, the combined company’s new CEO said it had been “encouraged by operating trends” after reopening its regional properties and highlighted that it is “significantly EBITDA positive in Las Vegas”.

Resorts World Las Vegas remains on track for 2021 debut

Resorts World Las Vegas
Despite the COVID-19 pandemic, construction work on Resorts World Las Vegas continues apace, with the property’s management announcing a new partnership with AEG Presents for a 5,000-capacity theatre in July.

Derek Stevens’ Circa to open casino in October

Derek Stevens Circa Las Vegas development
Las Vegas’ first brand new resort in four years will open its casino and sports book in October, while the hotel portion of the Circa development has now begun accepting reservations and will open in late December.

1xBet nominated at prestigious Global Gaming Awards

1xBet shortlisted award
1xBet has been shortlisted at the prestigious Global Gaming Awards in the “Digital Product of the Year” category. The bookmaker was honoured with this recognition for its development of 1xGames.

Steve Gallaway: Regional and tribal casinos to lead US industry recovery

Steve Gallaway Global Market Advisers casinos reopening
As casinos across the US start to resume operations, Steve Gallaway, managing partner at Global Market Advisers, discusses what form recovery may take and looks at some of the challenges facing operators.

Sin City prepares to put safety over style

Sin City Las Vegas lockdown reopening health and safety
Once lockdown is lifted Las Vegas may look a little different, with operators up and down the strip preparing for an overhaul of health and safety measures in light of the global pandemic and increased expectations from customers

Las Vegas operators plan for reopening

Las Vegas strip
While debate continues over exactly when Nevada’s casino resorts will be able to open their doors once again, in the meantime, a number of major operators including Wynn, Sands, MGM and Caesars are in the process of putting in place new operating procedures and setting out social distancing measures.

Penn National finalises sale of Tropicana Las Vegas

Penn National completes sale of Tropicana Las vegas
Penn National has sold the Tropicana Las Vegas to Gaming and Leisure Properties for $307.5m in rent credits. The Pennsylvania-based real estate..

Two Las Vegas casinos fall victim to ransomware hack

Four Queens casino computer systems ransomware attack
Two Las Vegas venues operated by TLC Casino Enterprises were reportedly the victim of a ransomware attack on 27 February, with slot machines across both venues inactive for six days.

Nevada casinos closed until 30 April

Las Vegas Nevada casino closed
Despite gaming companies stocks hitting annual lows in the wake of the announcement, Nevada’s casino operators are positioned to ride out the shutdown, analysts suggest.

Derelict SkyVue site up for auction without asking price

SkyVue observation wheel Las Vegas auction
The parcel of Las Vegas Boulevard land containing the abandoned SkyVue observation wheel project is once more up for sale, with brokerage firm Keen-Summit Capital Partners confirming the 38.5 acre site will be sold as part of a bankruptcy auction on 19 May.

Aria bucks the trend with poker success

Aria Resort Nevada
While many Nevada poker rooms have shut down over the last decade, Aria Resort and Casino has doubled down on the game, opening a second poker venue in 2018.

Suzohapp presents new products, leadership and website at G2E

Suzohapp new products G2E
It was a packed G2E for Suzohapp, with the company highlighting its E-PRL line of electronic programmable locks, Dynamic Panel Systems, and edge-lit LCD..

Patir: Sales are growing from coast to coast

Patir sales G2E growing
Patir’s VP of sales and marketing US, Jim Keranen, reports that the company celebrated another successful edition of G2E, with its American Line of chairs..

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