Hotel Business Magazine’s Post

Melco Resorts price target cut to $8.50 from $10.40 at BofA - https://lnkd.in/d4pn97Tk -BofA analyst Karl Choi cut the firm’s price target for Melco Resorts from $10.40 to $8.50 and maintains a Buy rating on the stock. The firm cites lower industry-wide gross gaming revenue forecasts and slightly lower market share assumed after a weaker June and says that while potentially weaker industry-wide

Casino Update Tom McMahon CMO Sycuan Casino Resort "At Wynn, when we took over the Desert Inn, we had these incredible think sessions. Whether it was hotel, slots, spa, or table games, we discussed every single touchpoint and what that experience would be like. We defined all the different customer types—whether it was someone checking in at the hotel or walking in from the Strip. We mapped out all the different touch points and discussed how we would make that experience great, help them make decisions, and outline every single interaction." #casinoupdate #tommcmahon #sycuancasinoresort

Melco Resorts price target cut to $8.50 from $10.40 at BofA - https://lnkd.in/drkuXHkN -BofA analyst Karl Choi cut the firm’s price target for Melco Resorts from $10.40 to $8.50 and maintains a Buy rating on the stock. The firm cites lower industry-wide gross gaming revenue forecasts and slightly lower market share assumed after a weaker June and says that while potentially weaker industry-wide

IN BRAND MARKETING … JUST ANOTHER "TEMPEST IN A TEAPOT”. No surprise to me since it’s just a standard cross-promotional “Consumer Rewards” marketing program with a limited and constantly changing lifecycle. Moreover, since the Las Vegas Sands Corp. sold its ownership of operations and real estate interests in the Las Vegas Venetian, Palazzo, and Expo Center to Apollo Management and Vici in 2022 for $6.0B, the ending of this rather mundane consumer rewards affiliation is no big deal and should come as no surprise to anyone in marketing. Meanwhile, Sands still owns the rights to the Sands and Venetian BRAND NAMES worldwide, as evidenced by Sands’ huge and very successful investments in bigger and faster-growing markets such as Asia-Pacific (Macau/China and Singapore) and Sands’ fabulous but still pending $6.0 Billion bid to open a new, exciting, and economically invigorating property on New York City’s Long Island “South shore” - one of the largest markets for gaming, entertainment, and tourism growth in the world, and where Sands Corp. already holds a current 99-year real estate lease on the Nassau property. So, let's go! P.S. And hey, Hofstra University (my alma mater) for your legal challenges in court holding this up. What's wrong with you and Zarb? Where I thought my MBA meant "Zarb Means Business" and growth - not some ridiculous local NIMBY objections to preserve the stultifying status quo. 😎

Wynn Resorts to buy Crown London from Crown Resorts: Casino developer Wynn Resorts Ltd, the parent of Macau gaming operator Wynn Macau Ltd, has announced that it will acquire Crown London (Aspinalls), a small, members-only casino (pictured) in the heart of London’s upscale Mayfair district, in the United Kingdom’s capital. “The acquisition is subject to the receipt of customary regulatory approvals, which are anticipated […]

Casino expansion: Why is Penn betting big on M Resort? https://lnkd.in/dCBZsfyn (Las Vegas).- A second hotel tower is under construction that will double the size of the Henderson casino. Penn Executive Vice President of Regional Operations Todd George says a sportsbook rebrand could be in the works. #MResortExpansion #PennEntertainment #LasVegasHotels #GamingIndustry  #HospitalityGrowth  #SoloAZAR #News

Analysts predict a weaker fourth quarter for Resorts World Sentosa (RWS) due to reduced hotel capacity and seasonal dips in visitors. #world #resortsworld #hotel #visitor #marinabaysands #gaming #industryupdates #seasonal #asiacasinonews

Latest Blog Alert UAE Grants First-Ever Gaming License to Wynn Resorts: A Landmark Move for the Region The UAE’s landmark decision to award its first-ever commercial gaming license to Wynn Resorts is a pivotal moment that promises to redefine the region’s hospitality, entertainment, and luxury real estate sectors. In this blog, we will explore how Wynn Resorts' gaming license is set to change the dynamics of tourism in the UAE, the economic impacts, and the investment opportunities it creates for discerning buyers and investors. Read the Full Blog at: https://lnkd.in/dtnFE9n9 

In the long term, uncertainty remains around the business model of traditional casinos. "We always say the substance is in the software," said a consultant, referring to broader entertainment offerings like theater and live performances at resorts. https://lnkd.in/gHCTBbWB

Dive into the World of Underwater Casinos: Welcome to the ultimate guide to underwater casinos, an extraordinary component of luxury travel where the thrill of the gamble meets the majesty of the ocean depths. Venturing into the heart of exploring unique casino locations, these submerged sanctuaries are not mere venues for placing bets; they are fully-fledged underwater casino adventures. As pioneers in … #aquaticcasinoexperiences #ecofriendlyunderwatercasinos