Gila River Resorts & Casinos’ Post

Mark Cuban's Vision for a Resort Casino in Dallas: A Game-Changer for Texas Mark Cuban's recent sale of his majority stake in the Dallas Mavericks is reigniting interest in a transformative project for Dallas. Here's what's on the horizon: Innovative Partnership: Cuban is exploring a partnership with Miriam Adelson and Las Vegas Sands Corp. to create a destination casino and resort in Dallas, featuring a new arena for the NBA team, contingent on the legalization of gambling in Texas. Proven Success Model: David Cordish, CEO of Cordish Cos., known for Texas Live in Arlington, supports this concept. His experience with successful casino and entertainment complexes nationwide suggests this could be a "winning formula" for Dallas. Strategic Location: The potential location for this ambitious project is still under discussion, with suggestions to integrate it with the nearly $3 billion redevelopment of the Dallas Convention Center, aiming to make Dallas a premier resort destination. https://lnkd.in/gvx6Krks #landsales #landinvestment #dfwrealestate #DFWRealEstate #CREInvestment #MarketLeadership #RealEstateTrends

Casino Update Chris McClain Casino Executive "When you open up a new property or an expansion, there are a lot of details you might not initially consider. If you have the opportunity to be part of a casino or resort opening, seize it to learn that aspect of the business. Finding people with experience can really help navigate through these complexities." #casinoupdate #chrismcclain

🎰 MGM Resorts International Resorts Explores Sale of Casinos in Ohio and Massachusetts 🎰 Overview: MGM Resorts International is considering selling its casino operations at Ohio’s Northfield Park and in Springfield, Massachusetts. Key Points: * Preliminary discussions are underway, with MGM working alongside financial advisers. * Management's frustration with the stagnant share price prompts exploration of strategic alternatives. * Focus on expanding exposure to online gambling in the US and internationally. Casino Details: * MGM Northfield Park, situated about 20 miles southeast of Cleveland, includes a horse track and casino. * Acquisition of the former Hard Rock property was completed by MGM in 2019. * MGM secured the license for operating in Springfield post-Massachusetts' authorization of casino gambling in 2018. * The Springfield casino, opened in 2018, has underperformed expectations. Challenges and Insights: * MGM CEO Bill Hornbuckle acknowledged misjudgment in the original market valuation. * MGM Northfield Park generated $278 million in gambling revenue in 2023. * Real estate at both casinos is owned by Vici Properties Inc., which acquired MGM Growth Properties. Further Developments: * Discussions are ongoing, with no assurance of finalizing any transactions. * MGM and VICI Properties Inc. representatives declined to comment on the sale talks. https://lnkd.in/gh9CGABT

Casino Update Christopher McClain Casino Executive "When you open up a new property or an expansion, there are a lot of details you might not initially consider. If you have the opportunity to be part of a casino or resort opening, seize it to learn that aspect of the business. Finding people with experience can really help navigate through these complexities." #casinoupdate #chrismcclain

Here's an interesting fact you may not know about casinos: In some casinos, particularly in Las Vegas, there are secret suites known as "salons" or "whales' suites" reserved exclusively for high-rollers and VIP guests. These suites are incredibly luxurious and offer amenities like private dining rooms, personal butlers, exclusive entrances, and even their own gaming tables. The casinos use these suites to cater to wealthy clients who are known as "whales" due to their propensity to wager large sums of money. The goal is to provide these VIP guests with an unparalleled and discreet gambling experience, often accompanied by lavish accommodations and personalized service. These hidden suites showcase the extreme lengths that casinos will go to in order to cater to their most valuable clientele. #facts #casinos

Big news in the hospitality industry! RCI Hospitality Holdings Inc. has made a significant decision regarding its Central City casino applications. Find out more about this update here: https://okt.to/WmqU0Z #HospitalityIndustry #RCIHospitality #CentralCityCasino #BusinessUpdate

**MGM Resorts' Winning Streak: Super Bowl Scores and F1's Impact!** Vegas, baby! Apparently not just a catchphrase; it really seems to be a winning formula. MGM Resorts is on a roll, and the Skift report below takes you on the inside track on how the Super Bowl impact MGMs business, setting records as the biggest sports event Vegas has ever seen. But, there's more. MGM's partnership with Marriott's Bonvoy is like hitting the loyalty program lottery. It's not just about more guests; it's about rolling out the red carpet for a new crowd that's probably ready to play hard and spend big. Imagine if some day Bonvoy members could use Loyalty Points to play Roulette at an MGM table. 🤩 My bet: There’s a much elevated digital journey to look forward to in the near future. So, what does this mean for you, the traveler? It's simple: more bang for your buck, more thrills per minute, and an experience that's as unforgettable as a royal flush. With MGM's game plan, Vegas isn't just a destination anymore; it's the winner's circle. Let's talk about your next Vegas adventure. Are you ready to bet on a good time? #MGMResorts #SuperBowl #F1 #MarriottBonvoy #LasVegas #TravelTrends #Hospitality #HighRollerExperience #digitalmarketing

🎰💼 MGM Resorts Considers Selling Casino Operations in Ohio and Massachusetts! 💰🤝 Big news from MGM Resorts International! Sources reveal potential plans to sell casino operations in Ohio and Massachusetts. 📉🤔 Despite strong sales and profits, frustrations with stock performance prompt strategic considerations. 📈💡 Stay tuned for updates! #MGMResorts #CasinoSale #BusinessNews #GamingIndustry 🎲🏙️#CasinoBusiness #StrategicMoves 🌐🃏 Full Episode is available on our YouTube channel: https://lnkd.in/gTjzUSqg 🔴📺

💡 “Find My Rate has really changed the way promotions and offers are sent to guests. The tribe is convinced that you have to send mail, which is fine. But you don’t always have to guarantee guests in advance a room every single weekend. You can't yield if you are already giving everybody a free room. Find My Rate was a big change in how to deliver free rooms and what to offer them and when. Now, our loyalty members just call or go online, and they can look at their availability and offers.” 👉 This is what Edmund Wong, Corporate Director of Revenue Management, Choctaw Casinos & Resorts, had to say about the power of Duetto’s Find My Rate when it comes to driving guest loyalty and optimizing rates. Read more in our latest blog: https://bit.ly/3TkbvED #OpenPricing #Casinos #HospitalitySolutions #RevenueOptimization

As we reflect on the first six months of 2024, what do we see for the second half of the year. We saw the shuttering of two strip resorts in Vegas. We are witnessing the struggles of other mega resorts along the strip. We await with baited breath for the downstate New York casinos to be chosen. Some tribal casinos are thriving while others are floundering, who will survive. These are some of the many things to view in the crystal ball, what are YOUR predictions?