At least two Las Vegas gaming giants — MGM Resorts International and Caesars Entertainment — are currently shopping Strip resorts. The big question is who’s going to end up buying them.
Colton Lochhead
Review-Journal Capital Bureau
Email: clochhead@reviewjournal.com
Phone: (702) 383-4638
Colton Lochhead covers pot and politics for the Review-Journal, where he started as an intern covering crime and breaking news in 2012. Raised in Las Vegas, the life-long desert rat graduated from Bonanza High School before earning his journalism degree from the University of Nevada, Las Vegas.
MGM Resorts International CEO Bill Hornbuckle said the company is starting the process of selling the operations of one of its Las Vegas Strip properties.
The National Labor Relations Board says that Station Casinos is hindering an ongoing unfair labor practice case and is asking a federal court to step in.
Caesars previously said it would sell a Strip property sometime next year, but CEO Tom Reeg told investors on Tuesday, “You should expect us to put that into motion in the early part of (2022).”
The program for college students includes a $15-per-hour wage for a maximum of 40 hours per week and housing at Red Rock Resort, Sunset Station, Palace Station or Green Valley Ranch.
Union spokeswoman Bethany Khan said about 35 percent of the 60,000 union members, or about 21,000, had not returned to their previous jobs.
“We were very excited from the day we started the company. We’re even more excited today about what’s happening in Las Vegas,” Vici President John Payne said during a Thursday earnings call.
DraftKings is walking away from its $22 billion push to buy Entain PLC, the UK sports betting company that is partnered with MGM Resorts International in the online sports betting venture BetMGM.
The Drone Racing League will bring its high-speed professional drone racing circuit to Las Vegas with the DRL Vegas Championship Race, which will be held on the opening night of CES on Jan. 5.
The return of the massive EDC festival is the latest sign that the major events that had been one of the missing pieces of the region’s economic recovery are finally making their comeback.
Entain said in a statement Tuesday that the company’s board has been in discussions with DraftKings to explore the “merits and feasibility” of a potential deal and set a Nov. 16 “Put Up or Shut Up,” deadline for the proposal.
MGM CEO Bill Hornbuckle said Monday that just 90 out of more than 6,000 workers affected by the company’s mandatory vaccine policy left the company rather than get the COVID-19 vaccine.
Southern Nevada tourism officials say the formal date announcement by the Biden adminstration means airlines can finally make plans for the return of international flights.
MGM Resorts International and Westgate implemented new policies in recent months that require some employees to be vaccinated. Both policies took effect Friday.
Station Casinos has asked a federal appeals court to overturn a National Labor Relations Board order forcing the company to bargain in good faith with the Culinary Union.
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