Australian casino company Star Entertainment has seen its stock price go on a roller coaster ride the last couple days, as rumors of a takeover have swirled. And the latest is not good. On Monday, Star said that it was involved in “non-substantive discussions” with a consortium led by Hard Rock Hotels & Resorts (Pacific)… Read more »
Massive percentage boost Hard Rock International is putting a sizeable chunk of change into the pockets of thousands of its US employees. On Monday, the entertainment and hospitality company announced that it will give about 10,000 of its non-tipped staff significant raises, totaling over $100 million. The pandemic shined a light on the awful pay… Read more »
The volcano outside the Mirage casino is one of the iconic landmarks of the Las Vegas Strip. Along with the entrance to the Flamingo and the Bellagio fountains, you can pretty much count on the volcano being part of a montage in a movie scene where friends are driving on the Strip for the first… Read more »
The landscape – and skyline – of Las Vegas will soon change, as MGM Resorts International has agreed to sell the operations of The Mirage Hotel & Casino to Hard Rock International for $1.075 billion in cash. VICI Properties, Inc. owns the property and will lease it to Hard Rock; terms of that agreement were… Read more »
JACK Entertainment announced on Friday that it has completed the sale of its JACK Cincinnati Casino for $745 million. It is a two-part sale: VICI Properties acquired a JACK subsidiary that owns the land and real estate assets of the casino and Hard Rock International will take over the operations of the property. Buy and… Read more »
