October 25, 2021
Casino & Gaming SmartBrief
Top Story
Las Vegas is back from the desert, and prices show it
(Bruce Bennett/Getty Images)
Sold-out hotels and increased rates signal new life for Las Vegas' tourism-dependent economy. The latest shot in the arm comes courtesy of a Raiders football game, the Electric Daisy Carnival and other events, resulting in a $509-a-night tab for one hotel this weekend.
Full Story: Las Vegas Review-Journal (tiered subscription model) (10/21) 
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Gaming Industry News
Innovations and Trends
MGM Resorts is auctioning off its store of 11 Pablo Picasso works by way of clearing room for a more diverse collection, and hopes to realize as much as $100 million. "We are committed to creating an even more inclusive collection that maintains the breadth of our existing portfolio while giving a greater voice to artists from under-represented communities," MGM executive Ari Kastrati said.
Full Story: Las Vegas Sun (10/21) 
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International Gaming
Lasseters Hotel Casino in Alice Springs, Australia, will undergo a $75 million improvement project, which will include the construction of a new hotel, along with an upgraded casino floor and additional dining options. The facility was recently sold to Iris Capital, an Australian development and hospitality group.
Full Story: Inside Asian Gaming (Macao) (10/25) 
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Sports Betting
Carnival Cruise Line has become the first major cruise line to offer sports betting in international waters, with the first wager taking place aboard the Majestic Princess. Betting will be operated through Ocean Sportsbook, and Sportradar will provide the odds using a satellite feed.
Full Story: Casino (10/23) 
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Tribal Gaming
Rolling Hills Casino in Corning, Calif., has completed a 15-month project that included the refurbishment of hotel rooms and other interior and exterior spaces and a larger gaming area with a new high-limit section featuring more than 80 slot machines and 10 new table games. The expansion also included the addition of four restaurants and a larger conference center with a ballroom.
Full Story: Gambling Insider (10/22) 
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Hospitality Trends
Resurgent business, international and group bookings are raising overall hotel revenues to near-2019 levels, IHG Hotels & Resorts CEO Keith Barr says. A strong summer for leisure travel carried the bulk of the load, but concerns persist about the Delta variant, COVID-19 test requirements and remote work alternatives, he notes.
Full Story: Reuters (10/22) 
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About the Editor
Katie Parks
Katie Parks
I've had the pleasure of editing numerous travel-related newsletters at SmartBrief for nearly 10 years, including those covering hotels, casinos and amusement parks as well as spa industry news.

If you enjoy reading Casino & Gaming SmartBrief and have a story or poll idea, please send me an email.

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