Jim Murren Leaves MGM Early to Lead Nevada COVID-19 Task Force
Jim Murren’s tenure at MGM Resorts International ended even more prematurely than planned, as the gaming company’s chairman and CEO – who less than six weeks ago announced his plans…
MGM Announces New Leadership as Murren Leaves for COVID-19 Panel
MGM Resorts International announced on Sunday afternoon that Bill Hornbuckle will become the gaming company’s acting CEO and Board Member Paul Salem will become its chairman. Bill Hornbuckle will take…
No NAB Show This Year in Las Vegas, Other Shows May Get Rescheduled
Las Vegas will lose an estimated $153 million with the recent decision by the National Association of Broadcasters (NAB) to cancel its trade show for 2020 because of the coronavirus…
Gaming Industry Partnering with Other Tourism Companies to Seek Relief
Businesses across the country are calling on Congress to provide relief as America deals with the effects of the coronavirus pandemic and the shutdowns local and state governments have put…
Las Vegas Sands, MGM and More Could Face Lower Ratings, Says S&P
Las Vegas Sands (NYSE:LVS), MGM Resorts International (NYSE:LVS) and Wynn Resorts (NASDAQ:WYNN) are among the operators vulnerable to credit downgrades as the coronavirus imperils the domestic gaming industry, according to…
Gaming REITs Flounder as Rent Questions Rise, but It’s Not All Bad News
Gaming and Leisure Properties, Inc. (NASDAQ:GLPI), MGM Growth Properties (NYSE:MGP) and Vici Properties (NYSE:VICI) – the three gaming real estate investment trusts (REITs) – are facing the specter of operator…
UK Betting Shops Shutter as Market Leaders Expect Nine-FIgure Wipeout
Britain’s betting shops closed indefinitely on Friday night as part of a mass shutdown of businesses where people gather socially. Betting companies issued profit warnings earlier this week that suggested…
Hawaii Legislator Believes He Contracted COVID-19 during Las Vegas Trip
A winter break to Las Vegas likely led to an elderly Hawaiian state senator getting coronavirus. As a result, the entire Hawaii state capitol building got shut down for a…
Casino Tycoons Have Lost Billions During Coronavirus Stock Market Panic
The COVID-19 disease has caused global stock markets to plummet, and in the US, the sell-off has caused many casino billionaires to lose a considerable portion of their vast fortunes….
Vote to Change Atlantic City Government Postponed, Backed by Casinos
The Atlantic City government referendum vote that, if passed, would change how the town administers itself, is being postponed because of the COVID-19 pandemic. The Atlantic City Boardwalk is a…