Las Vegas July 2023

As of July 22, 2023, the Las Vegas casino industry is abuzz with various acquisitions and construction projects, making it an exciting time for both visitors and investors alike.

Acquisitions in the Las Vegas Casino Industry

Bally’s Corporation has made a significant move in the industry by acquiring the iconic Tropicana Las Vegas for a staggering $308 million [1]. With this acquisition, Bally’s Corporation is set to operate the Tropicana Las Vegas as its flagship operation in the Western region, adding to its already impressive portfolio of properties.

Another noteworthy acquisition is Hard Rock International’s purchase of The Mirage from MGM Resorts for a jaw-dropping $1.075 billion [1]. Hard Rock International has ambitious plans for The Mirage, as they intend to build a guitar-shaped hotel tower and expand the property by the end of 2023. This move aims to bring a new and unique experience to visitors and elevate The Mirage’s status in the city.

VICI Properties has also made a significant impact by acquiring complete control of two prominent properties – MGM Grand Las Vegas and Mandalay Bay [1]. This acquisition further solidifies VICI Properties’ position in the Las Vegas market and presents opportunities for future developments and enhancements at these iconic locations.

Entertainment Residencies in 2023

The entertainment scene in Las Vegas is as vibrant as ever, with a star-studded lineup of residencies in 2023. Visitors can look forward to witnessing performances by renowned artists such as Adele, Luke Bryan, Maroon 5, Miranda Lambert, and Carlos Santana [1]. These residencies promise unforgettable experiences, adding to the allure of Las Vegas as the entertainment capital of the world.

Construction Projects in Progress

Las Vegas is known for its constant evolution, and 2023 is no exception with several construction projects underway. Some of the notable developments include:

1. Dream Las Vegas: This project aims to bring a new luxury resort experience to the city, catering to upscale travelers seeking opulence and style.
2. Durango Casino & Resort: With its strategic location and impressive facilities, Durango Casino & Resort is set to become a prominent player in the Las Vegas hospitality landscape.
3. Fontainebleau: This long-awaited project is finally becoming a reality, promising a grand and elegant resort that will surely catch the attention of visitors.
4. MSG Sphere: This groundbreaking entertainment venue is set to redefine live experiences, featuring innovative technology and captivating shows.
5. Oak View Group’s Retail & Entertainment District: Focused on creating a vibrant entertainment district, this project will offer an array of entertainment, dining, and shopping options for visitors and locals alike.

In conclusion, the Las Vegas casino industry in 2023 is marked by exciting developments, acquisitions, and entertainment offerings. With major players making strategic moves and new projects in the pipeline, Las Vegas continues to captivate and innovate, remaining a top destination for entertainment and gaming enthusiasts from around the world.

FAQs

1. What recent acquisitions have taken place in the Las Vegas casino industry?

In 2023, Bally’s Corporation acquired Tropicana Las Vegas, while Hard Rock International purchased The Mirage from MGM Resorts. Additionally, VICI Properties gained complete control of MGM Grand Las Vegas and Mandalay Bay.

2. Who are some of the artists performing in Las Vegas in 2023?

Notable entertainment residencies in 2023 include performances by Adele, Luke Bryan, Maroon 5, Miranda Lambert, and Carlos Santana.

3. What are some of the ongoing construction projects in Las Vegas?

Some of the ongoing construction projects in Las Vegas include Dream Las Vegas, Durango Casino & Resort, Fontainebleau, MSG Sphere, and Oak View Group’s Retail & Entertainment District.