It’s welcome news for the Reno-based casino operator, which had fourth quarter results negatively impacted by COVID-19 restrictions across several states.
Bailey Schulz
Business reporter
Email: bschulz@reviewjournal.com
Phone: (702) 383-0233
Twitter: @bailey_schulz
Bailey joined the Las Vegas-Review Journal’s business desk in April 2018. She previously worked with the paper in the summer of 2017 as an intern. Prior to her return, she was an intern on Bloomberg News’ energy team. She grew up in Iowa and graduated from the University of Nebraska-Lincoln with a bachelor of journalism degree in 2017.
After taking a nosedive in early 2020, casino operators’ share prices are close — if not already beyond — pre-pandemic levels.
Hotel workers should get an early shot at COVID-19 inoculation, according to the latest guidance from the Centers for Disease Control and Prevention.
The company, which is landlord to numerous gaming companies, isn’t finished yet. “We’ll continue to turn over every rock and look at opportunities in all of the gaming markets,” Vici President and Chief Operating Officer John Payne said during a Friday morning earnings call.
The partnership will allow MGM Resort International’s BetMGM and Topgolf Entertainment Group to collaborate on marketing and promotional offers, and is designed to help both companies reach new audiences.
Mandalay Bay, Park MGM and Mirage are set to operate 24-7 starting March 3, thanks to increased interest in travel to Las Vegas, according to a Wednesday news release.
The national gaming industry’s revenues fell 31 percent to $30 billion in 2020, according to a Wednesday report from the American Gaming Association.
MGM Resorts International’s affiliated real estate investment trust reported $91.3 million in net income in the fourth quarter of 2020, up 25 percent year-over-year.
Businesses across the Las Vegas Valley received the green light to loosen their operating restrictions on Monday, with many allowed to surpass 25 percent capacity for the first time since November.
Merging with a blank-check company is the latest trend for private companies ready to hit a stock exchange, especially for those in high-growth industries such as online gaming.
A new craps game at Harrah’s Las Vegas, Roll to Win Craps from Aruze Gaming America Inc., combines the traditional dice game with a large LED screen and electronic bets.
Under Gov. Steve Sisolak’s latest reopening plan, casino floor operators can increase their 25 percent capacity limit to 35 percent starting Monday and expand to 50 percent on March 15.
After delaying plans twice, Virgin Hotels Las Vegas has scheduled its much-anticipated opening.
MGM Resorts International’s regional properties have been driving its recovery, but the company says it remains confident in the Las Vegas market.
“The hope is that we can make Las Vegas, the health (and) safety capital of the world,” said Jim Murren, head of the state’s COVID-19 Response, Relief and Recovery Task Force.
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