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Hotels
After all the "will they, won't they?" the Wynn Resorts CEO has reaffirmed that UAE is finally saying, "Deal!" to its very first casino!
Peden Doma Bhutia | 3 months ago
Expect other hotel companies to wager on gaming soon. After all, if airlines have code-shares and interlining agreements, why can't hotels and gaming companies, too?
Sean O'Neill | 4 months ago
Tourism
Move over Macau and Singapore. Las Vegas Sands is betting on Long Island, unlike other city-centric developers spending millions to win a casino license in New York. All these new proposals are focusing on corporate meeting spaces and tourism boosts to the economy to turn the odds in their favor.
Sherry Sun | 10 months ago
China may have loosened visa rules for the gambling hub, but casino resort operators of Macau will have to wait a little longer before they get back to business.
Farah Master, Reuters | 1 year ago
News Blog
Caesars Entertainment and SL Green confirmed in a New York Times story that they are partnering up to bid for a downtown New York City casino license. The two plan to redevelop 1515 Broadway in Times Square as an entertainment and gaming destination. Caesars Palace Times Square will even be designed to include a Broadway Theater for The Lion King. Since…
Sean O'Neill | 1 year ago
As Thailand pulls out all stops to woo tourists, the number one tourism destination in Southeast Asia pre-pandemic is clearly feeling like it may lose out to its neighbors if it doesn't roll the dice.
Peden Doma Bhutia | 1 year ago
Casino-resort Genting Singapore is in talks with bidders for the purchase of Resorts World Sentosa and US-based MGM Resorts International is one of the top contenders, according to Bloomberg reports. While MGM’s recent talks with Malaysia’s Lim family, that owns 53 percent stake in Genting Singapore, failed to yield an agreement, the Singapore-based casino operator…
Gambling is currently banned in the UAE. However, as the oil-dependent economies in the Middle East pivot towards tourism, speculation is rife that gambling in some form may be permitted in the country. Will casinos hit the Dubai jackpot?
Lisa Barrington and Farah Master, Reuters | 2 years ago
Coronavirus
Blackstone's streak of casino resort acquisitions now extends to Australia, but Crown Resorts is in more turmoil than the investment firm's prior resort purchases in Las Vegas. It's going to take years to right this ship.
Shashwat Awasthi and Byron Kaye, Reuters | 2 years ago
The sale to VICI Properties is the latest example of MGM Resorts following the hotel industry's "asset-light" business model and stepping back from real estate ownership. Some of the company's biggest landmark resorts, like the Bellagio, have already been sold off to Blackstone.
Ankit Ajmera, Reuters | 2 years ago
