Articles tagged “casinos”

Hotels

Hotels and Short-Term Rentals Blur Lines in New U.S. Accommodation Market

Short-term rentals outshone hotels during the pandemic years in the U.S. accommodation sector. However, the boundaries between hotels and so-called STRs are blurring and it is still to be seen how the two segments will compete to define the market landscape.

Hotels and Short-Term Rentals Blur Lines in New U.S. Accommodation Market

Hotels

U.S. Accommodation Sector Market Estimates 2022: New Skift Research

Except for the down year of 2020, the U.S. accommodation sector has been performing robustly, with the short-term rental segment gaining market share. We believe hotels will make a strong comeback in 2022 relative to the short-term rental sector.

U.S. Accommodation Sector Market Estimates 2022: New Skift Research

Coronavirus

Blackstone Makes $6.3 Billion Bid for Troubled Crown Resorts

Blackstone's streak of casino resort acquisitions now extends to Australia, but Crown Resorts is in more turmoil than the investment firm's prior resort purchases in Las Vegas. It's going to take years to right this ship.

Blackstone Makes $6.3 Billion Bid for Troubled Crown Resorts

Hotels

Australia’s Crown Resorts Could Collapse Under Money Laundering Allegations

Things are getting dire for James Packer's casino empire. This, after so much takeover interest.

Australia’s Crown Resorts Could Collapse Under Money Laundering Allegations

Hotels

Godfather of Macau’s Rise Into a Gambling Destination, Stanley Ho, Dies at Age 98

Stanley Ho's life was hardly a rags-to-riches story, but he nevertheless will be remembered for his enduring impact on modern gambling in China and Macau.

Godfather of Macau’s Rise Into a Gambling Destination, Stanley Ho, Dies at Age 98

Coronavirus

Coronavirus Closings Turn Mississippi County Dependent on Casinos Into a Ghost Town

Coronavirus heightened the vulnerabilities of tourism-based economies, but Tunica's problems were beginning well before the first outbreak.

Coronavirus Closings Turn Mississippi County Dependent on Casinos Into a Ghost Town

Tourism

Las Vegas Sands Bails on Integrated Resort Casino Plans in Japan

It looks like the high stakes that casino operators have to put into Japan's integrated resorts scene is too much of a gamble, especially in the post-pandemic climate which makes returns on tourism investment even more uncertain.

Las Vegas Sands Bails on Integrated Resort Casino Plans in Japan

Tourism

Blackstone Picks Up $360 Million Stake in Australia’s Crown Resorts From Melco

Gaming companies are hard hit by the coronavirus pandemic, but Melco seems to be suffering more than others — if its latest money-losing deal with Blackstone goes to shows.

Blackstone Picks Up $360 Million Stake in Australia’s Crown Resorts From Melco

Coronavirus

Coronavirus Takes a 80 Percent Bite Out of Macau’s Gaming Revenues in March

Macau's casinos may have reopened but business is not as usual for these resorts. If there’s anything the coronavirus has shown, it’s that diversification is needed more than ever for the gaming enclave.

Coronavirus Takes a 80 Percent Bite Out of Macau’s Gaming Revenues in March

Business Travel

New Jersey May Make It Legal to Bet on Esports Events in Bid for Tourism Dollars

About a billion people worldwide will watch someone else play a video game this year, either online or in person. It makes sense for New Jersey and other destinations to try to cash in on the action.

New Jersey May Make It Legal to Bet on Esports Events in Bid for Tourism Dollars