News

Brendan Bussmann quoted in the Las Vegas Review Journal

Wynn employees to receive stock in move to keep workers

by Bailey Schulz

Wynn Resorts Ltd. is offering key employees shares of the company in order to retain them during the COVID-19 pandemic.

The company on Tuesday offered a combined 176,247 shares to roughly 240 of its “top leaders” in Las Vegas and Boston, including executive officers, according to a Thursday filing with the Securities and Exchange Commission.  Workers will be able to cash out one year after receiving the stock grant.

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Brendan Bussmann quoted in the Las Vegas Review Journal

Hotel owners facing ‘unprecedented wave’ of foreclosures, group says

by Mike Shoro

Hotel owners are facing an “unprecedented wave” of foreclosures, without federal help with commercial debt relief, according to a Tuesday letter from the industry to Congress.

Nearly 1 in 4 hotels were at least a month late on their mortgage loan payments as of July, the highest figure on record, according to a recent report released by analysis firm Trepp.  Just 1.34 percent of hotels were in the same boat at the end of 2019, the report said.  Industry watchers said that figure is alarming, if expected.

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Brendan Bussmann quoted in Gaming Today

Millennials a boon

by Buck Wargo

Casinos have seen a bright spot during their reopening that the gaming industry hopes will continue once the coronavirus pandemic ends – a greater showing of millennials at their properties.

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Brendan Bussmann quoted in the Las Vegas Review Journal

Las Vegas preparing for Labor Day boost

by Bailey Schulz

Foot traffic is expected to spike in Las Vegas this Labor Day weekend, a much-needed boost for a tourism-driven  city that has seen visitation rates plummet because of COVID-19.

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Brendan Bussmann quoted in GGB News

For Macau, Light at the End of the Tunnel

by James Rutherford

The months of battering that Macau casinos have suffered during the coronavirus pandemic may be coming to an end with announcements out of China that it will again issue visas for mainland citizens to visit the gaming hub.

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Brendan Bussmann quoted in the Las Vegas Review Journal

Hotel-casino investors limp to end of 2nd-quarter earnings season

by Richard N. Velotta

Mercifully, the second-quarter earnings season has come to an end for publicly traded companies and operate casinos in Southern Nevada.

And investors are breathing a sigh of relief.

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Brendan Bussmann quoted in the Las Vegas Review Journal

William Hill poised to purchase Nevada CG Technology sportsbooks

by Richard N. Velotta

Nevada’s largest sportsbook operator will get even bigger by the end of the month if the Nevada Gaming Commission approves a Wednesday recommendation from the State Gaming Control Board.

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Brendan Bussmann quoted in the Las Vegas Review Journal

Grand Sierra Resort gets regulatory complaint on coronavirus safety

by Richard N. Velotta

Grand Sierra Resort, the 2,000-room Reno hotel that is a sister property to Sahara Las Vegas, has received a regulatory complaint from the state Gaming Control Board for failure to comply with coronavirus safety protocols.

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Brendan Bussmann quoted on SportsHandle.com

Biggest Hits: Sports Betting States With Most College Football Postponements

by Jill R. Dorson

Two of college football’s biggest conferences took a knee on Tuesday, bowing to the power of the COVID-19 pandemic.  In unprecedented moves, the Big Ten and Pac-12 announced the postponement of all fall sports, including their biggest cash cow – college football.

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Brendan Bussmann quoted on MassLive.com

Massachusetts jobs bill likely to progress without sports betting, but legalization push isn’t dead yet, with proponents saying jobs, revenue are on the line

by Steph Solis

After the Massachusetts Senate passed an economic development bill without a sports betting provision, lawmakers in support of legalization are looking to revision the issue in the fall, according to people familiar with Beacon Hill negotiations.

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