Las Vegas Strip
Nevada sets new betting handle record in October
The latest figures from the Nevada Gaming Commission show the state narrowed its year-on-year decline in gaming revenue to 19.0% in October, while the state’s…
MGM revenue falls but property sales increase profits in Q1
MGM Resorts’ revenue fell 29.1% to $2.25bn for the first quarter of 2019 due to the effects of the novel coronavirus (Covid-19), but the operator’s…
Covid-19 cuts into Nevada gaming revenue in March
The closure of Nevada’s casinos from 17 March as a result of the novel coronavirus (Covid-19) pandemic has resulted in gaming revenue falling 39.6% year-on-year,…
MGM revenue increases beyond $12bn in 2019
Revenue at MGM resorts increased 9.6% year-on-year while the sale of the Bellagio resort boosted profits as the operator continues to pivot its business model…
Blackstone to acquire MGM Grand and Mandalay Bay for $4.6bn
MGM Resorts International has struck a deal to sell its MGM Grand and Mandalay Bay properties on the Las Vegas Strip to private equity giant…