Category: Land Based Gaming and Casinos
Caesars to Sell a Casino on Las Vegas Strip
We’ve reported on the big changes coming to the Las Vegas Strip over the past few weeks, and now you can add another name to that list of casinos. We just don’t know what that will be yet. The Chief Executive Officer of Caesars Entertainment, Tom Reeg, recently confirmed that the company is looking to move one of their casinos on Las Vegas Boulevard, but he did not reveal which property that would be. During the company’s Earnings Call last week, Reeg stated Caesars expects to sell a Las Vegas Strip casino, and that they had launched that process earlier…
Gambling in America Hits $53 Billion in 2021
In 2021, gambling in America set an all-time revenue record for the commercial gaming industry. Revenue reached $53 billion, according to our friends at the American Gaming Association. This total shatters the 2019 industry record of just under $44 billion by more than 20%. The industry closed the year on a high note, setting an all-time revenue record for the last quarter of the year at $14.3 billion, which eclipsed the previous quarterly record of $13.9 billion, also from 2021. “These results are nothing short of remarkable,” said AGA President and CEO Bill Miller. “The success of 2021 reflects our…
No More Las Vegas Face Masks!
Yea, you read that headline correctly! There is no longer a Las Vegas face mask requirement for guests at casinos! But before you get too excited and starting booking your next trip, there are a few caveats which everyone should keep in mind. First, Nevada’s announcement of dropping the face mask requirement stated that “Effective immediately, individuals are no longer required to wear a mask in public indoor settings in licensed gaming establishments, unless a local jurisdiction still imposes such a requirement”. This means, of course, that different casinos around the state could still require a mask on their property,…
Tropicana Las Vegas Could be Demolished
Many of you already know that Bally’s Corporation agreed to purchase the Tropicana Las Vegas last April. The sale came to just over $300 million. That agreement was really for the land on the corner of Las Vegas Boulevard than it was the deteriorating hotel and casino. The non-land assets were another $150 million. Now, with the deal set to finalize, Bally’s has publicly stated that they re considering many options for the property. Those include that the hotel and casino will “almost certainly” be rebranded, but it’s not out of the realm of possibility that the whole site is…
The Venetian and Palazzo Sale Moves Forward
Sale of two iconic Las Vegas Strip casinos, the Venetian and Palazzo, has been unanimously approved by the Nevada Gaming Control Board. We originally reported this sale to Apollo Global and Vici Properties back in March of last year, but now things can begin to move forward. The approval from the Control Board means the agreement will now go before the Nevada Gaming Commission for a final approval February 17th. Should they sign off on the matter, then this deal could finally be ready to close. There has been no disclosure of renaming or rebranding the Venetian and Palazzo properties…
Legendary Horseshoe Casino Returning to the Strip
The legendary Horseshoe Casino brand is returning to Las Vegas as Bally’s Casino begins a transformation into the brand known for gaming, poker and making it right for the gambler. The transformation will begin in the spring of 2022 and will include a renovated exterior, new entertainment and food and beverage options, and a re-imagined casino floor and public areas. In keeping with Horseshoe’s classic sophistication, the design team will incorporate a handcrafted feeling with tooled leather, dramatic colors, and the brand’s signature gold horseshoe iconography. Additional details will be announced as the evolution progresses. “At Horseshoe, it’s all about…



















