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“#Las Vegas Sands to sell Venetian casino, Sands Expo for $6.25B” Las Vegas Sands is selling the iconic Venetian casino resort and its Sands Expo and Convention Center for $6.25 billion, withdrawing from gambling operations on the Las Vegas Strip after changing the nature of the casino business there and just about everywhere else. The…
“#How NYC can squeeze the rich — and have them enjoy it” Let’s change the debate about casino gambling in New York City. Forget the Atlantic City or Las Vegas model of large, noisy, neon-lit airplane hangars packed with dollar slots and poor and middle-class gaming addicts pouring their rent money into a hopeless pursuit…
“#Former gambling critic Andrew Yang places bet on NYC casinos” Andrew Yang is suddenly all in on casinos. The mayoral candidate has proposed building more casinos in the city after trashing the gambling meccas in his book “The War on Normal People,” published during his longshot presidential bid. “One thing that has surprised me is…
“#NY tax revenue from casinos down $600M amid pandemic” The cratering of revenues at New York’s casinos during the coronavirus pandemic has devastated government coffers and turned the state’s schools and into big losers. Casino revenues dedicated to education and the state treasury have plummeted by $600 million in the current fiscal year, state Gaming…
“#Casino boss Sheldon Adelson takes leave for cancer treatment” Las Vegas Sands chairman and CEO Sheldon Adelson is taking a break from the job to undergo cancer treatment. The billionaire casino magnate and Republican megadonor started a medical leave of absence after resuming his treatment for non-Hodgkin’s lymphoma, the company said Thursday. Adelson, 87, first…
“#Tilman Fertitta struggling with Golden Nugget IPO plans” Houston Rockets owner Tilman Fertitta’s plans to take his Golden Nugget restaurant and casino business public appears to be getting the cold shoulder on Wall Street, The Post has learned. The 63-year-old billionaire casino mogul told CNBC last month that he’s looking to list a minority stake…
“#Hedge-fund investor Soo Kim’s Twin River OK’d to run Bally’s casino” New Jersey gambling regulators gave approval Thursday to hedge-fund investor Soo Kim’s gaming company, Twin River Worldwide Holdings, to operate Bally’s casino and quickly invest in renovations and repairs to Atlantic City’s poorest-performing gambling hall. The New Jersey Casino Control Commission allowed the Rhode…
“#Las Vegas Sands eyeing $6B sale of Vegas casinos: report” Las Vegas Sands is reportedly looking to sell its casinos in its namesake city as the US gambling market struggles to bounce back from the coronavirus pandemic. The massive casino developer — helmed by octogenarian billionaire Sheldon Adelson — has tapped an adviser to help…
“#Hedge-fund investor Soo Kim buys Bally’s casino brand for $20M” The new owner of Bally’s Atlantic City Hotel & Casino just put more of his chips on the marquee name, The Post has learned. Hedge-fund investor Soo Kim’s budding casino empire this weekend purchased the worldwide rights to the Bally’s name for $20 million from Caesars…
“#Resorts World Casino to open hotel at Aqueduct Racetrack” This is a real gamble. Many New York hotels are sitting largely empty because of lost business due to the coronavirus pandemic. But the owner of Resorts World Casino NYC at Aqueduct in Queens announced plans Monday to open a new $400 million Hyatt Regency-run hotel…