Las Vegas

Professional sports have invaded Las Vegas and more could be on the way. The National Football League and National Hockey League have teams that call Vegas home. Could Major League Baseball be next? What Happened: The Oakland A’s are seeking to get a new stadium built to replace the Oakland...

Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk’s tunneling enterprise The Boring Company has received regulatory approval to build a tunnel-based transportation system under the Las Vegas Strip. What Happened: The Boring Company took to Twitter to announce that the transportation system,...

On Monday, Blackstone Inc (NYSE: BX) announced the sale of The Cosmopolitan resort in Las Vegas for $5.65 billion. Blackstone Real Estate Income Trust (BREIT), Stonepeak and the Cherng Family Trust acquired The Cosmopolitan's real estate in the deal for $4.025 billion, while MGM Resorts...

It’s been a long road back for Las Vegas casinos since the pandemic hit last year, but one metric suggests next weekend could be a big weekend for Vegas. The Numbers: Bank of America analyst Shaun Kelley said Vegas Strip room rates are more than 50% above 2019 levels heading into the...

A KeyBanc analyst has initiated coverage on seven companies in the sports betting and casino space, offering a more conservative view of the total addressable market size opportunity. 4 Gaming Picks: KeyBanc analyst Brett Andress named four stocks in the gaming space that he said are...

Iconic casino operator Las Vegas Sands Corp. (NYSE: LVS) may be leaving the Vegas Strip, but one analyst says Sands may have a difficult time finding buyers for its Vegas properties at the current asking price. What Happened? On Monday, Reuters reported Las Vegas Sands is looking for a...

Goldman Sachs shared takes on Caesars Entertainment Corporation (NASDAQ: CZR) and MGM Resorts International (NASDAQ: MGM) Monday. Here's why the firm is neutral on Caesars and turning bearish on MGM.  The Casinos Analyst: Stephen Grambling initiated coverage of Caesars...

What's Happening: Report finds the Musk's The Boring Company's Las Vegas loop will expand and use Tesla vehichles for transport.  Why It matters: Elon Musk is smartly leveraging his family of companies, creating an opportunity for many to experience riding in a Tesla for the...

The initial reopening of the Las Vegas Strip went relatively well for casino operators in early June, but abysmal room rates and a second wave of the COVID-19 outbreak seems to have eliminated hope that the Vegas recovery will continue any time soon. Las Vegas Sands Corp.(NYSE: LVS) management told...

Most, if not all, activities scheduled to take place this year have been canceled or altered due to the coronavirus pandemic. Even as some places begin to reopen, such as Disney’s (NYSE: DIS) Walt Disney World Resort, they’ve been subject to heavy backlash. That weekend Vegas getaway...

The vibrant city of Las Vegas came to a halt in March, and many wondered if it would look the same once it reopened.  It would be reasonable to assume that the era of packed casinos, crowded clubs and pools and people grabbing food shoulder-to-shoulder ate one of the many buffets in Vegas...

The reopening of the Las Vegas Strip has gone relatively well for casino operators since resorts began opening back up last week. Even more properties returned to operations this week, but the latest room rate numbers suggest Vegas still has a long way to go in recovering from its shutdown,...

MGM Resorts International (NYSE: MGM) on Tuesday announced it is planning to resume operations at five more of its Las Vegas properties. What Happened Luxor and the Shoppers at the Mandalay Bay Place will reopen for the public on June 25, MGM Resorts said. ARIA, Mandalay Bay, Four Seasons Las Vegas...

Casino stock investors received some good news this week as early reports out of Las Vegas suggest the reopening of major casino resorts was met with strong initial demand. However, one analyst said on Friday that Vegas still has a long road to full recovery from its shutdown. What Happened? A...

After more than two months of being completely shut down, casinos on the Las Vegas strip will reopen this week for the first time as part of the city’s “Phase 2” plan to safely return to normal. While reopenings will be a big step in the right direction for casino stock investors...