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Land & Buildings Dumps Caesars, VICI Stakes
Jonathan Litt’s Land & Buildings Investment Management, LLC (L&B) eliminated its gaming equity exposure in the first quarter, dumping stakes in Caesars Entertainment (NASDAQ:CZR) and VICI Properties (NYSE:VICI). The investment firm’s first-quarter...
Atlantic City Casino Revenue Tops 2019 Numbers in April, But Inflation Clouds Industry Health
Atlantic City casino revenue in April 2022 bested the industry's brick-and-mortar performance in the same month prior to the pandemic. The April revenue report demonstrates that the industry is amid a continued...
Scottie Scheffler Dominating PGA Championship Betting
If you have money on Scottie Scheffler winning this year's PGA Championship, you're not alone. While there might be a Tiger in the field, it's the 2022 Masters champ that is commanding...
Hard Rock CEO Allen Sees Inflation Crimping Casino Demand
The April reading of the Consumer Price Index (CPI) was 8.3%, representing a meager decline from the 8.5% increase in March, but enough to keep consumer prices at the highest levels since...
Las Vegas Concertgoers Trampled After Rumored Gunshot, Shooting Unfounded
Reported gunfire Saturday night during the "Lovers & Friends" weekend concert at the Las Vegas Festival Grounds turned out to be unfounded. But at least three people were injured during the confusion...
Melco, Sands Lead Macau Rally on Reports of Shanghai Lockdown Loosening
The Chinese Communist Party (CCP) may be seeing the error of its ways when it comes to its zero COVID-19 policy, and that’s to the liking of Macau gaming equities. Amid a...
Dubai Official: Don’t Bet on Casinos in Emirate
Wynn Resorts is moving forward with plans for an integrated resort on Al-Marjan Island, United Arab Emirates (UAE). But Dubai is unlikely to follow suit. Owing to bountiful oil reserves, UAE is...
Blackstone Lavishes $5K Bonuses Upon Cosmopolitan Staffers
Talk about a parting gift. Blackstone (NYSE:BX) will soon cede operational control of the Cosmopolitan Las Vegas to MGM Resorts International (NYSE:MGM). But the private equity company is doling out $5,000 bonuses...
Las Vegas’ Mirage Volcano Days Numbered, But Online Petition Wants Landmark Spared
The iconic artificial volcano outside of The Mirage Hotel and Casino on the Las Vegas Strip is likely to be removed when property operations are taken over by Hard Rock International. It...
US Casinos Maintain Record Play, Gross Revenue Tops $14.3B in First Quarter
The US commercial casino industry is thriving, despite nearly unparalleled inflation and an unraveling economy. The American Gaming Association (AGA) reported today that gaming revenue totaled approximately $14.32 billion in the first...