2024.07.18
desert diamond casino glendale poker roomBut it is widely expected that gaming real estate activity on the Strip will heat up.Earlier this year, private equity company Blackstone was said to be looking for a buyer for mohegan sun casino sports bettingthe Cosmopolitan, and more recently, speculation has swirled that Eldorado Resorts could sell a Caesars Strip asset when the .3 billion takeover of that company is completed in the first half of 2020. (Image: The Points Guy)OYO Hotels, one of the world’s fastest-growing hotel chains, is making its foray into the largest US gaming destination with the purchase of Hooters Las Vegas, which was announced today. Financial terms of the deal weren’t disclosed by the companies, but sources involved with the deal believe India-based OYO paid 5 million for the Nevada property.It’s not everyday that international buyers hit Las Vegas, and there could be regulatory issues associated with such moves, particularly when the buyer, like OYO, hasn’t previously been active in Nevada. free slots play as guestAs Casino.org reported last month, MGM Resorts is considering sales of the Bellagio and MGM Grand to generate more cash from its real estate portfolio.the winning company may look to test the waters in Greece’s booming online gambling market.Last year, Greeks bet .75 billion online, up from .09 billion in 2018, according to the Hellenic Gaming Commission (HGC), proving that country is another fertile territory for internet and mobile betting.GGR from online betting in Greece last year hit a record 4.13 million.Financial terms of the deal weren’t disclosed by the companies, but sources involved with the deal believe India-based OYO paid 5 million for the Nevada property.It’s not everyday that international buyers hit Las Vegas, and there could be regulatory issues associated with such moves, particularly when the buyer, like OYO, hasn’t previously been active in Nevada. las viejas casino hotel san diego sycuan casino padres suitelake tahoe casinos mapEarlier this month, it was reported that the Hard Rock Hotel & Casino will close for eight months next year as it transitions to the Virgin Hotel Las Vegas.Deep PocketsFounded in 2013 by 19-year-old Ritesh Agarwal, OYO initially focused on its home market of India, where it’s now the biggest hospitality company in Asia’s third-largest economy. The Vision Fund, where the OYO stake resides, also has investments in WeWork, food delivery provider DoorDash, and dog walking service Wag.The Japanese company has some ties to Las Vegas, having purchased the Comdex trade show from Las Vegas Sands Chairman and CEO Sheldon Adelson in 1995 for 0 million, and through recent expansions into commercial office space in the city by WeWork.More Deals?When asked by Casino.org, representatives from OYO did not confirm or deny the company’s interest in other Las Vegas acquisitions. The Vision Fund, where the OYO stake resides, also has investments in WeWork, food delivery provider DoorDash, and dog walking service Wag.The Japanese company has some ties to Las Vegas, having purchased the Comdex trade show from Las Vegas Sands Chairman and CEO Sheldon Adelson in 1995 for 0 million, and through recent expansions into commercial office space in the city by WeWork.More Deals?When asked by Casino.org, representatives from OYO did not confirm or deny the company’s interest in other Las Vegas acquisitions. red stag casino no deposit bonus codes june 2021As Casino.org reported last month, MGM Resorts is considering sales of the Bellagio and MGM Grand to generate more cash from its real estate portfolio.As Casino.org reported last month, MGM Resorts is considering sales of the Bellagio and MGM Grand to generate more cash from its real estate portfolio.US stock markets crashed on Friday after President Donald Trump ordered companies to find alternatives to doing business with China during thclearwater casino pictures morongo casino 2021video poker casinoBut it is widely expected that gaming real estate activity on the Strip will heat up.Earlier this year, private equity company Blackstone was said to be looking for a buyer for mohegan sun casino sports bettingthe Cosmopolitan, and more recently, speculation has swirled that Eldorado Resorts could sell a Caesars Strip asset when the .3 billion takeover of that company is completed in the first half of 2020. Earlier this month, it was reported that the Hard Rock Hotel & Casino will close for eight months next year as it transitions to the Virgin Hotel Las Vegas.Deep PocketsFounded in 2013 by 19-year-old Ritesh Agarwal, OYO initially focused on its home market of India, where it’s now the biggest hospitality company in Asia’s third-largest economy. (Image: The Points Guy)OYO Hotels, one of the world’s fastest-growing hotel chains, is making its foray into the largest US gaming destination with the purchase of Hooters Las Vegas, which was announced today. Financial terms of the deal weren’t disclosed by the companies, but sources involved with the deal believe India-based OYO paid 5 million for the Nevada property.It’s not everyday that international buyers hit Las Vegas, and there could be regulatory issues associated with such moves, particularly when the buyer, like OYO, hasn’t previously been active in Nevada. When completed, the new OYO Hotel & Casino will have 657 guestrooms across 19 floors and a 35,000-square foot gaming area. The Indian company isn’t running afoul of Silver State regulators because Paragon Gaming, the license holder for Hooters, will maintain that license through OYO’s purchase of the venue, said the mohegan sun casino sports bettingNevada Gaming Commission (NGC) to Casino.org.Paragon is familiar to the NGC, as the company manages gaming operations at the Westgate in Las Vegas as well as the Hard Rock in Lake Tahoe. free internet casino slot games encore casino table games |