Las Vegas

27th March 2020

MGM revenue declines in first two months of 2020

MGM Resorts issued an earnings update amid the Covid-19 pandemic, reporting that revenue has declined for the first two months of 2020, but net income…

27th March 2020

NV sportsbooks bring in $38.1m in last month before shutdown

Nevada casinos brought in $1.04bn in revenue while sportsbook revenue grew to $38.1m in the last full month before the novel coronavirus (Covid-19) pandemic led…

16th March 2020

Covid-19 leads to casino closures across US

Casinos have closed, both voluntarily and by law, across the US in response to the ongoing outbreak of the novel Coronavirus disease (Covid-19). The Indiana…

14th February 2020

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…

30th January 2020

Nevada sets sports handle record for 2019

Sports bettors in Nevada wagered a record $5.32bn, up 6.1% from 2018’s previous record. The state’s casinos took in a total of $12.03bn in revenue…

24th January 2020

MGM named Las Vegas Raiders’ official gaming partner

National Football League (NFL) franchise the Las Vegas Raiders has named MGM Resorts as the team’s official gaming partner, as well as a founding partner…

16th January 2020

DraftKings opens new Las Vegas office

Daily fantasy and sports betting operator DraftKings has opened a new office in Las Vegas, Nevada, to support its ongoing growth plans in the US…

15th January 2020

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…

27th November 2019

Nevada gaming market tops $1bn for sixth time in 2019

Nevada’s gaming market generated revenue of $1.02bn in October, and while this represented a 3.9% year-on-year decline, it marked the sixth time in 2019 that…

6th November 2019

Caesars swings to Q3 loss after Rio sale despite revenue rise

Caesars Entertainment reported a 2.3% revenue increase to $2.24bn for the third quarter of 2019, but the operator swung to a loss due to impairment…

31st October 2019

Nevada retakes sportsbook crown with NFL’s return

The start of the NFL season brought Nevada back to the top in sports betting as players wagered $546.4m on sports in September, helping total…

18th October 2019

MGM Resorts to sell Bellagio and Circus Circus for over $5bn

Casino operator MGM Resorts International has agreed to sell its iconic Bellagio Las Vegas property and form a joint venture with Blackstone Real Estate Income…

15th October 2019

San Manuel Casino to sponsor Raiders’ new Las Vegas stadium

The California-based San Manuel Band of Mission Indians will sponsor the Las Vegas’s Allegiant Stadium, as well as the Raiders NFL franchise, after the team’s…

27th September 2019

August Nevada sportsbook handle remains behind NJ

Nevada’s sportsbook handle for the month of August remained behind New Jersey for August, despite a 22.1% increase to $287.8m, while overall casino revenue slipped…