A five-story, 123-room hotel will be part of a 135,000-square-foot expansion of Derby City Gaming in Louisville, Ky., Churchill Downs Inc. announced Thursday. The $76 million upgrade needs city approval.
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MGM Resorts International will own 15 acres on the Las Vegas Strip once two recently announced transactions are completed later this year -- down from the 800 acres it controlled nearly ten years ago. Since then, the company has embraced an asset-light strategy beginning with its 2016 spin-off of MGM Growth Properties as a publicly traded REIT. Other casino operators have also been selling properties to REITs.
Las Vegas Sands' $3.3 billion project to expand Marina Bay Sands, an integrated resort in Singapore, may not be completed in 2025 as expected, due to delays caused by the pandemic. The extensive project includes a hotel tower with a rooftop pool and restaurant, a live entertainment arena and meeting rooms.
Scientific Games and Rush Street Interactive have partnered to provide online casino games in West Virginia through Rush Street's BetRivers Casino. Some of the new games that will be included are 88 Fortunes, Chicken Fox and Bonanza Megaways.
Gannett, the publisher of USA Today, has made a five-year deal worth more than $100 million with sports betting provider Tipico USA Technology. As part of the agreement, Tipico will supply sports betting odds for the sports content, and Gannett will embed a button or icon for Tipico in its sports sections and collect a referral fee when new bettors use Tipico's platform.
A new Morgan Stanley Research report carries disappointing news for the hotel industry, stating a 27% change to virtual business meetings next year. Efficiency in use of time, cost reduction and virus issues were the top reasons for the switch given by the corporate travel managers surveyed.