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Business
October 20, 2023
Deutsche Bank Analyst Optimistic about MGM after Cyberattack
The leading gaming, hospitality and entertainment giant, MGM Resorts International, became a victim of a cyberattack back in September. At the time, the operator confirmed issues with bookings, hotel electronic doors, some slot machines, as well as other amenities. After the initial attack, MGM was able to recover and resume its operations while at the […]
Casino
October 20, 2023
Soloviev Group Proposes Casino Project with Affordable Housing in Manhattan
In a bold move to win approval for its proposed casino near the United Nations headquarters in Manhattan, the Soloviev Group has unveiled a groundbreaking plan that combines a state-of-the-art casino complex with a significant affordable housing initiative. Soloviev Group Adds Affordable Housing Units at Below-Market Rates The developer, Stefan Soloviev, heir to the Solow […]
Casino
October 19, 2023
Mohegan Tribal Gaming Authority Secures New Funding for Mohegan Inspire Project
The Mohegan Tribal Gaming Authority (MTGA), a US tribal casino operator currently developing the integrated resort Mohegan Inspire in Incheon, South Korea, announced a Third Amendment to its credit agreement. This update signifies a change in lenders and the addition of a new revolving credit facility, marking another step in the project’s financing journey. Mohegan […]
Business
October 19, 2023
Acres Selects David Bain for Chief Financial Officer Role
The leading casino technology provider, delivering products to more than 60,000 casino gaming machines across the United States, Acres Technology, strengthened its senior-level team with the addition of David Bain, a Wall Street gaming industry expert with a track record in corporate finance. Joining the company, he was appointed to the role of chief financial […]
Industry
October 19, 2023
Ten Wild Cats Found at Deceased Magician Dirk Arthur’s Ranch
Earlier this week, officials at Westgate Las Vegas confirmed the passing of magician Dirk Arthur. The 63-year-old Vegas magician was the last magician to use wild animals in a magic show in Sin City. The cause of his death is still under investigation. A Cark Country representative confirmed for KLAS-TV/Las Vegas that the Animal Protection Services […]
Casino
October 19, 2023
Former Tokyo Casino in Las Vegas Historic West Side Burns Down
The site of the proposed Harlem Nights resort project located on the Historic Westside of Las Vegas was impacted by fire recently. The venue, which used to be the home of Tokyo Casino and the New Town Tavern before that, caught fire on Sunday, as announced by the Las Vegas Review-Journal, citing details from the […]
Business
October 19, 2023
Las Vegas Sands Enjoys Strong Q3, Posts $2.8bn in Net Revenue
The leading developer and operator of integrated resorts, Las Vegas Sands (LVS), released its latest financial results, outlining strong performance for the company for the three months ended September 30, 2023. The latest unaudited financial results emerged Wednesday and see the gaming and entertainment operator post $2.8 billion in net revenue for the third quarter […]
Casino
October 19, 2023
Fertitta’s Casino-Resort Project Gaining Momentum on the Las Vegas Strip
A year after receiving approval for a grand 43-story casino-resort on the iconic Las Vegas Strip, billionaire entrepreneur Tilman Fertitta’s ambitious plans are slowly taking shape. Recent filings with Clark County reveal that Fertitta Entertainment, under the stewardship of the casino magnate, has submitted a slew of permits related to the 6.2-acre site at the […]
Industry
October 19, 2023
MGM Executive Discusses Company’s Response After Cyberattack
Recently, two leading gaming, hospitality and entertainment companies, Caesars Entertainment and MGM Resorts International, became cyberattack victims. The cybersecurity issue significantly impacted MGM Resorts’ operations last month, resulting in missing amenities, difficulties with reservations and other issues. As with most such cyberattacks, hackers requested MGM Resorts to pay ransom to which the company did not […]
Legal
October 19, 2023
UK: Student Attempts to Steal $30K from Grosvenor Casino
In the digital age, crimes and fraud are increasingly more difficult to complete than one might think. The digital footprint of transactions and surveillance in casinos along with increased measures for security such as AI and proactive monitoring, help protect such venues from criminal activities, including robbery, money-laundering or other criminal acts. Despite the innovative […]
