The Houston billionaire’s acquisition of 6.9 million shares of Wynn stock came at a time when the share price was low.
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.
The massive entertainment venue, scheduled to open in the second half of 2023, saw construction costs rise as a result of inflation and supply-chain pressures.
With half of California’s precincts reporting Tuesday night, both Propositions 26 and 27, which offered two different plans for sports betting, were on track to lose.
The camera equipment will go to the International Space Station and capture content for presentations at the MSG Sphere at The Venetian.
Gaming industry observers are asking the same question: Is this a casual investment or the first step in a potential takeover of Wynn Resorts?
Construction on the 384-room, $206 million hotel tower at Henderson’s M Resort will begin by the end of 2023 and is expected to be completed in 2025.
In Thursday’s earnings call with investors, Bally’s CEO Lee Fenton said the 35 acres at the Tropicana is still in the mix for a stadium for the Oakland A’s.
Thanks to revenue generated by its newest property, The Cosmopolitan of Las Vegas, and a full quarter of revenue from Aria, the company generated more than $2.3 billion.
The Nevada Gaming Control Board has recommended approval of a financial distribution that would be used for property upgrades and bonuses for its 7,000 employees.
October was an improved but overall subpar revenue month for the only place in China where gambling is legal.
The Clark County Department of Aviation said 4.8 million passengers — 25.9 percent more than a year ago — flew through Harry Reid International Airport in September.
Residents of Macao will be required to be tested for COVID-19 after a dealer at MGM’s Cotai property and her family tested positive for the disease last week.
In operation for 36 years, Michael Gaughan’s Airport Slot Concession Inc. helps keep operational costs down, which means lower ticket prices on Las Vegas flights.
A special committee has recommended a regulatory amendment for sportsbooks to take bets on esports, but it could take time before many people bet on competitions.
Gaming and Leisure Properties CEO Peter Carlino admitted he didn’t see the resiliency of the Strip coming after the coronavirus pandemic and is now interested in an acquisition.
