Casino
May 7, 2020
Wynn Resorts Revenues Materially Impacted by Casino Closures
Wynn Resorts issued today its first quarter financial results, posting 42.3% drop in operating revenues, due to the closure of its properties, in February in Macau, and from mid-March in the USA. Revenue Impact Material First quarter revenue for the company fell to $953.7 million, from $1.65 billion for Q1 2019, nearly $700 million less, […]
Casino
May 6, 2020
Warn Notice for Furloughed MGM Employees, Layoffs Inevitable
MGM Resorts reportedly sent a notice to its furloughed employees Tuesday, warning them that some of them may not be re-employed within the next 6 months, and some will be laid off. The gaming and hospitality operator encouraged its workers to search for an alternative job as the uncertainty prevailing at the moment cannot allow […]
Sports
May 3, 2020
MGM Offers Its Las Vegas Strip Properties to Help the NBA Finish the Season
MGM Resorts International has proposed to the National Basketball Association /NBA/ to finish its regular season and subsequent play-off games in Las Vegas, Nevada, offering its Mandalay Bay resort as the central hub. The league has its season suspended since March 11 after Utah Jazz player Rudy Gobert tested positive for the virus. MGM Provides […]
Business
March 11, 2020
The US Casino Industry Is Bracing For COVID-19 Impact
The gambling industry is monitoring the global situation with the outbreak of coronavirus /Covid-19/, warning that 2020 outlook for the business is in the sphere of the unknown, while the U.S. Mecca in the casino industry, Las Vegas, is bracing for the impact from the virus. Fear Of The Unknown Anxiety prevails as everyone who […]
Sports
January 18, 2020
Conor McGregor Fight Expected to Boost Economy in Las Vegas
Las Vegas is set to benefit from another big Ultimate Fighting Championship event featuring McGregor and Donald “Cowboy” Cerrone. In 2018, McGregor helped generate $86.4 million for Las Vegas on the occasion of his fight with Khabib Nurmagomedov. McGregor Drives Revenue High for Las Vegas Conor McGregor has made headlines around the world for various […]
Business
January 16, 2020
DraftKings Opens New Office in Las Vegas
DraftKings will be opening up a new office in Las Vegas, which will employ over 200 employees. Over 200 Employees to Start at DraftKings’ New Vegas Office DraftKings has been experiencing tremendous growth across the United States and, to stay on its upward trajectory, the brand will be opening up a new office in Las […]
Business
January 1, 2020
Optimistic Outlook for Las Vegas Gaming Industry in 2020
It seems there is some good news regarding Las Vegas Gaming Industry in 2020. Las Vegas’ Gaming Industry Revenue Expected to Grow in 2020 In 2020, Nevada is expected to generate more sustainable gains due to increases in visitation, convention attendance and employment growth locally and nationally. This statement quoted by Las Vegas Business Press, belongs […]