Tilman Fertitta acquires 6.1% stake in Wynn Resorts; becomes company’s second-largest shareholder

Houston mogul Tilman Fertitta has acquired a big ownership stake in casino heavyweight Wynn Resorts. The move grants the billionaire an immediate foothold in the Strip’s casino industry, as the businessman moves forward with his plans to build a towering resort on Las Vegas Boulevard. According to a filing Monday withContinue Reading

MGM appoints Gary Fritz as President of Interactive to oversee the company’s online diversification

MGM Resorts International announced Tuesday the appointment of Gary Fritz to President of MGM Resorts Interactive. Fritz will oversee and advance MGM Resorts’ diversification strategy “by expanding the company’s digital platforms organically and through acquisitions, driving growth and innovation through the BetMGM platform.” Bill Hornbuckle, CEO & President of MGMContinue Reading

Mohegan Sun Las Vegas and MGE Digital boost 28% growth for the parent company’s revenues

Mohegan Gaming & Entertainment (MGE), on Thursday posted overall net revenues of $358.5 million in its second fiscal quarter ended March 31, a year-over-year increase of 28.7%, and adjusted EBITDA of $86.7 million, an increase of 7.4%. These improvements were due to “strong performance” at the company’s owned properties andContinue Reading