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Showing posts from March, 2020

“Which Las Vegas resorts are closed in wake of COVID-19? Here's what you need to know. - USA TODAY” plus 1 more

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“Which Las Vegas resorts are closed in wake of COVID-19? Here's what you need to know. - USA TODAY” plus 1 moreWhich Las Vegas resorts are closed in wake of COVID-19? Here's what you need to know. - USA TODAYPosted: 16 Mar 2020 12:00 AM PDTCLOSE We answer the often searched question: "What are the symptoms of coronavirus versus the flu?" USA TODAY LAS VEGAS – The spread of COVID-19 has triggered an unprecedented shutdown on the Las Vegas Strip. Health officials on Monday reported the Nevada's first pandemic-related death, and the number of coronavirus cases is rapidly accelerating. At a fast and dramatic pace, the COVID-19 crisis has slowed demand along the Las Vegas Strip corridor – financial fallout now leading to layoffs and furloughs for thousands of workers and closures that will soon turn this vacation mecca into a ghost town.Here's a look at what is closed on the Las Vegas Strip. This list will be updated as companies announce more closure in t…

MGM Resorts buffets on the Las Vegas Strip to close temporarily due to coronavirus concerns - USA TODAY

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MGM Resorts buffets on the Las Vegas Strip to close temporarily due to coronavirus concerns - USA TODAYMGM Resorts buffets on the Las Vegas Strip to close temporarily due to coronavirus concerns - USA TODAYPosted: 10 Mar 2020 12:00 AM PDTCLOSE We answer the often searched question: "What are the symptoms of coronavirus versus the flu?" USA TODAY LAS VEGAS – As coronavirus continues to spread across the country, one of Sin City's most popular stops is getting shut down along the Strip: buffets. On March 15, MGM Resorts International will temporarily close buffets at the company's seven Strip properties: ARIA, Bellagio, MGM Grand, Mandalay Bay, The Mirage, Luxor and Excalibur. "These changes are temporary and will be evaluated on a weekly basis," the company said in a statement to the USA TODAY Network.Properties of Caesars Entertainment – the largest MGM competitor on the Strip – will keep buffets open."We are incorporating cleaning and hygiene protocols …

Caesars, MGM execs buy stocks as Wall Street ends worst quarter since ’08 - Las Vegas Review-Journal

Caesars, MGM execs buy stocks as Wall Street ends worst quarter since ’08 - Las Vegas Review-JournalCaesars, MGM execs buy stocks as Wall Street ends worst quarter since ’08 - Las Vegas Review-JournalPosted: 31 Mar 2020 04:46 PM PDTEight executives of Caesars Entertainment Corp. have received thousands of dollars of company stock as part of an annual vesting event that was a part of their compensation packages.Securities and Exchange Commission filings Tuesday showed eight reportable transactions for Caesars stock.More than 78,000 Caesars shares worth more than $535,000 were distributed as part of the company's long-term incentive plan, the filings show.According to the individual statements of changes in beneficial ownership filings, the Caesars stock vesting occurred Friday.A summary of the Caesars vesting event:-Thomas Jenkin, global president of destination markets, received 21,530 shares of common stock at $6.85 a share, valued at $147,480.-Eric Hession, executive vice presid…

“Buffets to close on the Las Vegas Strip due to coronavirus concerns - Reno Gazette Journal” plus 1 more

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“Buffets to close on the Las Vegas Strip due to coronavirus concerns - Reno Gazette Journal” plus 1 moreBuffets to close on the Las Vegas Strip due to coronavirus concerns - Reno Gazette JournalPosted: 12 Mar 2020 01:57 PM PDTCLOSE We answer the often searched question: "What are the symptoms of coronavirus versus the flu?" USA TODAY LAS VEGAS – As coronavirus spreads, some of Sin City's most popular stops are shutting down along the Strip: Buffets. On March 15, MGM Resorts International will temporarily close buffets at the company's seven Strip properties: ARIA, Bellagio, MGM Grand, Mandalay Bay, The Mirage, Luxor and Excalibur. "These changes are temporary and will be evaluated on a weekly basis," the company said in a statement to the USA TODAY Network.Buffet changes are also coming to Wynn Las Vegas. On Wednesday, the buffet will deploy culinary staff at each food station to serve guests – eliminating the need for guests to touch serving utensils."I…

“All Las Vegas MGM casinos, hotels to temporarily close - Las Vegas Review-Journal” plus 1 more

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“All Las Vegas MGM casinos, hotels to temporarily close - Las Vegas Review-Journal” plus 1 moreAll Las Vegas MGM casinos, hotels to temporarily close - Las Vegas Review-JournalPosted: 15 Mar 2020 12:00 AM PDTMGM Resorts International announced Sunday it is temporarily suspending operations at all Las Vegas properties "until further notice" effective Tuesday.Casino operations are set to close Monday, followed by hotel operations. The company will not be taking reservations prior to May 1.The Las Vegas-based company operates the Bellagio, MGM Grand, Mandalay Bay, The Mirage, Luxor, New York-New York, Excalibur, and Park MGM. It also owns 50 percent of CityCenter, which includes Aria and Vdara.A statement from Chairman and CEO Jim Murren said the temporary closures are for "the good of our employees, guests and communities.""It is now apparent that this is a public health crisis that requires major collective action if we are to slow its progression," Murren…

Why Hard-Hit MGM Stock Has Bounced Back a Bit - The Motley Fool

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Why Hard-Hit MGM Stock Has Bounced Back a Bit - The Motley FoolWhy Hard-Hit MGM Stock Has Bounced Back a Bit - The Motley FoolPosted: 27 Mar 2020 02:46 AM PDTThe impact of the coronavirus crisis over the past two months on the hotel industry has been well documented as occupancy rates have plummeted and hotels have had to furlough workers and temporarily close locations.The American Hotel and Lodging Association (AHLA) spelled out the grim facts last week. Based on current occupancy (which is below 20% in many major cities) and near-term occupancy estimates, AHLA says 4 million jobs either have been or will be lost in the next few weeks.MGM Resorts International(NYSE:MGM) has been hit as hard as any, announcing on March 16 that it was temporarily closing all of its casino resorts in the U.S., including its properties in Las Vegas; Detroit; Mississippi; Springfield, Massachusetts; and National Harbor, Maryland, among others. The company's stock price plunged 34% on the news on Marc…

“All Las Vegas MGM casinos, hotels to temporarily close - Las Vegas Review-Journal” plus 1 more

“All Las Vegas MGM casinos, hotels to temporarily close - Las Vegas Review-Journal” plus 1 moreAll Las Vegas MGM casinos, hotels to temporarily close - Las Vegas Review-JournalPosted: 15 Mar 2020 12:00 AM PDTMGM Resorts International announced Sunday it is temporarily suspending operations at all Las Vegas properties "until further notice" effective Tuesday.Casino operations are set to close Monday, followed by hotel operations. The company will not be taking reservations prior to May 1.The Las Vegas-based company operates the Bellagio, MGM Grand, Mandalay Bay, The Mirage, Luxor, New York-New York, Excalibur, and Park MGM. It also owns 50 percent of CityCenter, which includes Aria and Vdara.A statement from Chairman and CEO Jim Murren said the temporary closures are for "the good of our employees, guests and communities.""It is now apparent that this is a public health crisis that requires major collective action if we are to slow its progression," Murren…