Nancy Trejos, Skift
MGM Resorts has agreed to sell two of its most notable Las Vegas properties, MGM Grand and Mandalay Bay, to a joint venture including real estate giant Blackstone. The company is going asset-light following its sale of the Bellagio last year.
1 week ago
Christopher Palmeri and Gillian Tan, Bloomberg
Like other hospitality companies, MGM is pivoting towards an asset-light model and has spent the last year or so preparing for an economic downturn. It should be in good shape if the worst happens.
2 months ago
Christopher Palmeri, Bloomberg
In a city with so much entertainment and stimulation, nightclubs are proving to be a challenge to keep open in Las Vegas. The Kaos nightclub at the Palms casino is the latest casualty.
3 months ago
Associated Press
While it's good MGM is shelling out money for its role in the mass shooting, it's hard to forget that the company actually filed a lawsuit against some of the shooting's survivors two years ago.
4 months ago
Christopher Palmeri and Gillian Tan, Bloomberg
Circus Circus, probably worth at least $1 billion, would be easy to carve out. MGM Resorts has never included the popular Las Vegas resort in its loyalty program, for instance. But why rush to sell 100 acres on the ever-valuable Las Vegas strip?
4 months ago
Leslie Barrie, Skift
It’s difficult to say whether a wellness-themed hotel in Las Vegas can really take off. If the current state of the wellness industry is any indicator, the odds are (sort of) good.
5 months ago
The Venetian Resort Las Vegas + Skift
The push for sustainable practices — including environmental sensitivity as well as a drive to make meetings and events more inclusive, more engaging, and more interesting for new generations of attendees — is the foremost challenge for both venues and planners alike. Forward thinking venues like The Venetian Resort are tackling these problems head on.
6 months ago
The Venetian Resort Las Vegas + Skift
Wellness is taking over the world. The trend is now driving billions in annual consumer spending and, in the process, is reshaping the broader travel industry. That impact naturally extends to meetings and events, which are rapidly integrating wellness and mindfulness elements into programs small and large.
9 months ago
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.
9 months ago
Nick Turner, Bloomberg
A mere $20 million in fines is nothing for a company that made $6.72 billion in operating revenues last year. Wynn Resorts is certainly lucky to have retained its gaming licenses in Nevada, too.
11 months ago
Christopher Palmeri, Bloomberg
MGM Resorts' CEO says it clearly: We're in the last stages of economic expansion this cycle. Hotel chains will begin to prepare themselves for what comes next.
1 year ago
Edvard Pettersson, Bloomberg
There are only so many ways you can design a mega resort on a small piece of land so it appeals to the Vegas visitor.
1 year ago
