Old school travel companies still largely dominate in terms of stock market valuation, but there is no denying the disruption sparked by Airbnb’s debut on the stock market.
The panic's over. Las Vegas' gigantic venues will soon be back selling things like concrete and computers at full capacity. Which is why MGM's CEO and president William Hornbuckle is looking further afield for the brand's next chapter.
Leaving Las Vegas gives Las Vegas Sands more than $6 billion in capital to beef up non-gaming assets in markets like Singapore and Macau and potentially dip its toes in the uncharted gambling waters of Texas.
What Las Vegas convention travel downturn? The $6.25 billion Las Vegas Sands sale last week is more a testament to confidence in the meetings and event travel rebound than it is to the current business climate.
Can the show go on in Sin City while so many events and conventions can’t? Sure — if you have a few billion in the bank to tide your resorts over for a year.