MGM Resorts brought on over $2.7 billion in revenue for the third quarter of this year. However, the company still wants to sell their Mirage Casino and Hotel property on the Las Vegas Strip. Their announcement does come as a bit of a surprise if you consider the earnings report they just released showed revenue growth of 140%. Also, MGM Resorts did just purchase the operational rights to The Cosmopolitan property on the Strip at City Center. Their CEO, Bill Hornbuckle, stated that MGM had another strong quarter which was primarily due to domestic operations, adding that the results showed…

The Blackstone group is once again looking to the sell their Cosmopolitan Las Vegas property. And all you need to add this resort to your portfolio is a meager $5 billion… maybe more. It’s being reported that Apollo Global is exploring an offer. Another potential partner is MGM Resorts International. However, representatives for Blackstone, Apollo and MGM all declined to comment. Blackstone, the New York-based investment firm, tried two years ago to find a buyer at $4 billion or more. Prices for Las Vegas casinos have continued to rise despite the pandemic as real estate investment trusts purchase properties and…

In what may be a no-brainer, Las Vegas casino workers are excited about the likelihood of the city returning to full capacity by the start of next month. The Governor recently announced that June 1st was the target date for 100% occupancy at gambling establishments. The Vegas Strip has seen some amazing changes over the last year or so. Casinos have been forced to adjust to capacity limits. Those limits make it extremely difficult for not only casinos, but bars, restaurants and shows to make a profit. If full capacity is allowed by June 1st, it seems tourists are divided…

Nevada Governor Steve Sisolak announced plans to have Vegas casinos reopen and operating at 100% by the time summer arrives. The Governor’s plan also includes other hospitality businesses in his state, as well as an end to social distancing. Also, we take a look at the ten year anniversary of ‘Black Friday’ and what has changed for online poker. Hey! Thanks for streaming another edition of This Week in Gambling, where the governor of Nevada has announced Vegas casinos reopen and back to operating at full capacity as soon as this summer! And that is this week’s big story! A…

When you head to Sin City, you think gambling and shows. But just as important to some are the famed Las Vegas buffets. Now, in the face of the pandemic, will we see resorts put an end to the practice? A few of the larger casino resorts have already put an end to their buffets, including Wynn. In place of the buffet they’ve built a food court. That’s not to say the buffet is dead. In fact, South Point is still running their Garden Buffet with a few adjustments. And with loosening Coronavirus restrictions in the state, they just expanded…

With the big game now in the books, the normally busy Super Bowl betting in Las Vegas was pretty quiet this year. Yet another victim of the Coronavirus pandemic. Usually, the Super Bowl will bring somewhere near 300,000 visitors to Sin City and boost the Nevada economy upwards of $500 million, WITH $100 million coming from bets placed on the game. But with COVID still forcing closures, occupancy limits, and other restrictions on business Vegas is struggling at about 50% of normal capacity. The state of Nevada remains under severe restrictions at 25% of capacity for many public venues. The…