Casino Earnings Reports Casino Financial
April 26, 2018 Marc

[Jimbo needs a hug] MGM Resorts Earnings and Park MGM Delays

There’s no way to sugar coat MGM Resorts first quarter earnings. I opened the quarterly MGM Resorts earnings presentation as soon as I woke up and saw a slew of red down arrows. After a cup of coffee and actually spending time reading the why there were red arrows it’s easy to see that MGM Resorts just had a bad quarter.

TravelZork Las Vegas News 25 February 2018 Vegas News | MGM Resorts Earnings, Park MGM Update And New Rooms For El Cortez
February 25, 2018 Marc

Vegas News | MGM Resorts Earnings, Park MGM Update And New Rooms For El Cortez

I think the cold temperatures slowed down the newsmakers in Las Vegas this week. That’s the only way I can explain the lack of actual news. In fact, after MGM Resorts International reported earnings it seems as though everyone in Las Vegas went out for ramen to warm up from the freezing cold temperatures.

TravelZork Las Vegas News 21 January 2018 Vegas News | Where There's Smoke There's Fire
January 21, 2018 Marc

Vegas News | Where There’s Smoke There’s Fire

Wynn Resorts announced that they will be reporting earnings on Monday morning. Hard Rock May Finally Be Sold. While the deal isn’t confirmed there’s too much smoke not to see a fire. + more news and scoop

Casino Earnings Reports Casino Financial
October 24, 2017 Marc

Caesars Entertainment Investors Call And Presentation Notes

Caesars just had their first investors call since emerging from bankruptcy and I have a lot spinning in my head. Corporate earnings calls usually focus on revenue. This call was used more to discuss the future plans for Caesars Entertainment.

Caesars Looks Outside Of Casinos For Revenue
July 15, 2017 Marc

Caesars Looks Outside Of Casinos For Revenue

Most casino operators in Las Vegas prefer to have a revenue split close to MGM than Caesars. In fact, Caesars wants to have a revenue split closer to MGM Resorts. The two casino operators have different approaches to their companies. MGM Resorts is expanding with new casinos and a massive profit growth plan. Meanwhile, Caesars Entertainment is looking elsewhere to generate revenue.

Casino Earnings Reports Casino Financial
May 4, 2017 Marc

First Quarter Was Great For Las Vegas Casino Operators

First quarter earnings were great for the largest Las Vegas casino operators. New Year’s Eve bled into the first quarter. The extra day of revenue was helpful for casino operators. The year always starts with a bang. The Consumer Electronics Show (CES) is the largest convention and expo of the year with well over 100,000 attendees.

Gaming | Casino Earnings
January 19, 2017 Marc

Las Vegas – Gaming | Three Quarterly Casino Earnings Reports To Watch

It’s quarterly earnings season where corporations share information on their previous quarter. Hopefully, some of the luxury and large casino operators will also spend some time looking forward informing up what they have in store for Las Vegas. Here are the reporting dates for Las Vegas casino operators that I’m looking forward to.