MGM Resorts Creates REIT for Hotels to Help Boost Value
MGM Resorts Creates REIT for Hotels to Help Boost Value
Casinos
Casino REIT dominoes are falling
Last week MGM Resorts International announced they will carve out a REIT from their operations to be called MGM Growth Properties. This is the first major Las Vegas strip property owner to clearly give intentions on REIT creation. Caesars has a… Continue Reading
SLS Las Vegas is Out of Touch
The SLS Las Vegas is poorly positioned to target Las Vegas locals. If you’re coming from the west side of the highway, you have to take Sahara towards the strip, which is an unpleasant drive in major traffic. The neighborhood… Continue Reading
Gaming and Leisure Properties Reaches Agreement With Pinnacle Entertainment
Gaming and Leisure Properties, Inc. Reaches Agreement With Pinnacle Entertainment, Inc. to Acquire Pinnacle’s Real Estate Assets – NASDAQ.com
MGM Resorts Activist Renews Spinoff Call After Kerkorian
MGM Resorts Activist Renews Spinoff Call After Kerkorian
Caesars: A private equity gamble in Vegas gone wrong
Below is a story featured in Fortune Magazine about Caesars There have been so many truly extraordinary twists and turns in the saga of Caesars over the past eight years that it’s hard to pinpoint exactly when the whole thing… Continue Reading
Paragon Gaming to manage Westgate Las Vegas
Paragon Gaming approved to take over Westgate Las Vegas operations
NYX Gaming buys Sportech stake for $12 Mil
Shares of NYX Gaming (TSE: NYX) are up sharply today on news of completing an agreement to purchase the 50 percent remaining share of SNG owned by Sportech. SNG is a platform for online casinos and bingos. The transaction furthers NYX’s… Continue Reading
Station Casinos Thinking about IPO
Gaming investors will be watching closely as Station Casinos controlling shareholders the Fertitta family consider ways to unlock value following bankrupcy re-orginizations a few years ago. The company is reportedly on solid financial footing since the time bondholders converted to equity… Continue Reading
Penn National to purchase Tropicana Las Vegas
Penn National will buy the Tropicana Las Vegas for $360 million, in a deal that will close in stages over a period of two years. This deal will give Penn a long sought presence on the Las Vegas strip, and… Continue Reading