MGM Resorts International cleared a key regulatory hurdle Wednesday in its bid to acquire operations of The Cosmopolitan of Las Vegas.
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.
While there still are no plans to reopen Texas Station and two Fiesta properties, Red Rock Resorts stays enthusiastic about its Durango project after profitable quarter.
The proprietary jackpot linking system from the small Las Vegas equipment provider AGS will provide larger jackpots for players of the Palms table games.
Las Vegas Sands, MGM Resorts International, Wynn Resorts count on gaming revenue from Macao, which in April fell to a new 18-month low due to COVID-19 restrictions.
With the acquisition of The Cosmopolitan of Las Vegas and the sale of The Mirage on the horizon, MGM Resorts International reports good quarter for Las Vegas properties.
The new 265,240-square-foot facility in Henderson will manufacture EGMs — electronic gaming machines — for shipment to the United States, Canada, Latin America and Europe.
“I think it’s safe for me to say that they have a very, very strong interest in our site if the transaction can work to their advantage,” Gaming & Leisure Properties top executive Peter Carlino said during a Friday earnings call.
The Dallas-based airline, the busiest at Harry Reid International Airport, is expected to hire 10,000 employees net of attrition, grow its fleet and reduce capacity.
Occupancy rates at Las Vegas resorts are rising to nearly normal levels while the average daily room rate has soared past last year’s rates and those from 2019.
Contingency plans are in place to take Thursday’s NFL Draft indoors if high winds forecast for the Las Vegas area arrive during the first evening of the event.
Clark County and downtown Las Vegas smashed previous gaming win records and players bet — and lost — at the highest level ever for slot machine play statewide in March.
Sands is still optimistic about development opportunities in Texas, New York and Florida, according to the company’s Q1 earnings call.
The San Manuel Band of Mission Indians opened the Palms’ doors to the public Wednesday night after a two-year closure due to the COVID pandemic.
Information from a court deposition is being checked by Nevada Gaming Control Board agents to determine if an investigation is warranted on a Resorts World restaurant.
Characters from Aristocrat’s Buffalo, Choy’s Kingdom and Legends slot games will appear on the VivaVision screen with an invitation to play at nearby casinos.
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