Global Gaming & Hospitality News

CityCenter Announces Entry Into Definitive Agreement to Sell the Mandarin O

Posted: April-26-18 Posted by:

LAS VEGAS, April 26, 2018 /PRNewswire/ -- CityCenter Holdings, LLC (CityCenter), a venture between MGM Resorts International (NYSE: MGM) and Infinity World Development Corp, today announced that it has recently entered into a definitive agreement to sell the Mandarin Oriental Las Vegas (the Hotel) and adjacent retail parcels for approximately $214 million in cash, subject to satisfactory completion of due diligence and customary closing conditions. The transaction is expected to close in the summer of 2018.
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Billion dollar projects on track for 2020

Posted: April-17-18 Posted by:

Executives with Resorts World Las Vegas and The Drew touted their casino projects for enhancing the north end of the Strip and pave the way for further development along the corridor and said the marketplace will be able to absorb their more than 7,000 rooms when they open in 2020.
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Tropicana Atlantic City to remain open after $1.85 billion sale

Posted: April-17-18 Posted by:

ATLANTIC CITY — Billionaire hedge-fund manager Carl Icahn has sold his second Atlantic City casino property in as many years, announcing Monday the sale of Tropicana Casino and Resort as part of a $1.85 billion deal for seven Tropicana properties with Eldorado Resorts Inc. and Gaming and Leisure Properties Inc.
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Icahn to Sell Tropicana for $1.85 Billion to Eldorado, REIT

Posted: April-16-18 Posted by:

Eldorado Resorts Inc. and real-estate company Gaming and Leisure Properties Inc. are teaming up to buy Carl Icahn’s casino operator, Tropicana Entertainment Inc., for $1.85 billion in cash, adding to a wave of consolidation in the gambling industry.
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MGM Growth Properties to buy Hard Rock Northfield Park for $1.06 bln

Posted: April-05-18 Posted by:

U.S. resorts owner MGM Growth Properties LLC said on Thursday it would buy Hard Rock Rocksino Northfield Park, a gaming facility in Northfield, Ohio, for about $1.06 billion from Milstein Entertainment LLC.

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Penn National snares its 4th casino license in Pennsylvania

Posted: April-04-18 Posted by:

HARRISBURG, Pa. (AP) – Penn National Gaming was the sole and winning bidder on Wednesday for a fifth new mini-casino license authorized by cash-poor Pennsylvania, potentially plunking down a new gambling spot close to the Pennsylvania Turnpike and the city of Reading.
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Billionaire Richard Branson buys Hard Rock casino-hotel in Las Vegas

Posted: March-30-18 Posted by:

LAS VEGAS (AP) – The Hard Rock Hotel and Casino in Las Vegas will be overhauled over the next several months following its purchase Friday by billionaire Richard Branson.
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M2G Launches MoodAnalyzer

Posted: February-08-18 Posted by: Emtiaz Uddin

M2G Launches MoodAnalyzer – Customer Sentiment Module
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M2G Hotel Bookings Forecasting Module Now Available for Casino Database Ana

Posted: December-19-17 Posted by:

M2G Hotel Bookings Forecasting Module

M2G Analytics, a specialized business intelligence, data analytics & visualization SaaS provider, recently released its latest hotel bookings forecasting module and management dashboard as part of the continued build-out of its Casino Database Analytics (CDA) product. CDA is the first component of M2G’s comprehensive suite of artificial intelligence (AI) products designed to optimize performance for the global casino industry. Click Here for more information.

 



M2G Analytics (An Affiliate of GGH Morowitz)

Posted: November-21-17 Posted by: Emtiaz Uddin

M2G Analytics Completes Successful Implementation of Casino Database Analytics Module at Fitzgerald’s Tunica
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