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Wynn Macau issuing US$1 billion in senior notes to repay debt
December 12, 2019 - Wynn Macau announced in a Wednesday morning filing it had entered into an agreement to issue US$1 billion 5.125% senior notes due 2029. The offering should net the company approximately... Read more »
Focus on JCM Global: Full-floor FUZION system hits all the right notes with Hard Rock Sacramento
July 9, 2021 - Will Provance remembers days when the drop team for the Hard Rock Sacramento casino consisted of only two people. The COVID pandemic had forced the tribal casino, formally known as... Read more »
Trumpet master continues to hit the high notes in Las Vegas
May 16, 2019 - I ran into Las Vegas trumpet master Tommy Porrello recently after he’d finished another gig, albeit a somber one. He played taps at the April 27 celebration of life for... Read more »
VICI completes $3.4 billion equity offering in acquisitions of Venetian and MGM Growth Properties
September 17, 2021 - VICI Properties has completed a $3.4 billion equity offering and taken other steps toward acquiring MGM Growth Properties and assets of the Las Vegas Sands Corp. on the Strip. VICI... Read more »
Sands issues unsecured credit as Macau struggles
September 9, 2021 - Sands China, the Macau-based subsidiary of Las Vegas Sands, announced yesterday that it would issue U.S.-denominated unsecured notes (at an interest rate yet to be determined), in order to redeem... Read more »
MGM Growth pays MGM Resorts $700M for stock, reduces casino operator’s ownership to 53%
December 3, 2020 - MGM Resorts reduced its ownership stake in its real estate investment trust Wednesday, adding $700 million in cash to its balance sheet – cash that, one analyst suggested, could help... Read more »
MGM loses $535 million in Q3 as the company reboots its casino operations
October 30, 2020 - COVID-19 caused MGM Resorts International to lose almost $535 million in the third quarter as the casino giant continued efforts to revive and restart its gaming operations in Las Vegas... Read more »
Casino reopenings, fiscal moves boost Gaming and Leisure Properties
August 3, 2020 - Strong tenant business buoyed Gaming and Leisure Properties’ second quarter and made for a happy sendoff for retiring CFO Steven Snyder. The real estate investment trust said it collected virtually... Read more »
MGM Growth Properties bullish on business, but fourth-quarter results miss Street forecasts
February 15, 2019 - With executives buoyed by the closing of acquisitions, planned renovations for two Las Vegas Strip properties and surging performance across its portfolio, MGM Growth Properties reported increases in revenue and... Read more »
Igaming Focus: NFL data points, BetMGM, news shorts
December 7, 2023 - Welcome to this week’s Igaming Focus newsletter. We lead with NFL data: U.S. sportsbook margins were hit during Q3, but the year is likely to end strongly. ESPN Bet is... Read more »