Articles tagged “casino resorts”

Las Vegas Resort Named for Developer’s Son Set to Open in 2022

Las Vegas Resort Named for Developer’s Son Set to Open in 2022

Christopher Palmeri, Bloomberg

In a thoughtful touch, real estate mogul Steven Witkoff is naming Drew Las Vegas after his late son who died of an opioid addiction, and Witkoff plans to use some of the revenues to fund a foundation that battles addiction. The resort will be a Marriott property on the north end of The Strip that will emphasize non-gaming options.

6 months ago

Singapore Steamrolls Casino Resorts to Invest $6.7 Billion More in Tourist Attractions

Singapore Steamrolls Casino Resorts to Invest $6.7 Billion More in Tourist Attractions

Pooja Thakur and Daniela Wei , Bloomberg

The iconic Marina Bay Sands will get a fourth tower. There will also be a new concert arena. Over at Resorts World, there’ll be two new hotels, a bigger Universal Studios, and an oceanarium. Singapore’s way of getting casino resorts to improve the city’s tourism appeal is smart and fair — never mind that it’s a bit of coercion. The resorts wouldn’t invest more if they weren't benefiting.

7 months ago

Billionaire Investor Carl Icahn Pushes Caesars to Sell Itself

Billionaire Investor Carl Icahn Pushes Caesars to Sell Itself

Christopher Palmeri and Scott Deveau, Bloomberg

This is a big deal, considering Icahn's nearly 10 percent stake in the company, and his history of mergers and acquisitions in the casino industry. Is this the beginning of the end for Caesars as an independent company?

8 months ago

Travel Fares Better Than Bling in China’s Giant Shopping Spree for Lunar New Year

Travel Fares Better Than Bling in China’s Giant Shopping Spree for Lunar New Year

Daniela Wei and Bruce Einhorn, Bloomberg

The flaccid China economy and trade war concerns are weighing in on Chinese consumption decisions, but the good news is travel companies are better placed than those that sell bling or moutai. Here's a look at winners and losers this Lunar New Year.

8 months ago