Greg Tingle Official Blog - Pop Culture and Business News
Wynn Resorts completes sale and leaseback of Encore Boston Harbor
Massachusetts (Boston Harbor) - Wynn Resorts December 1 completed a deal for the sale of Encore Boston Harbor’s land and real estate assets to Realty Income Corporation. The $1.7 billion cash sale represents a 5.9% cash cap rate with all necessary regulatory approvals finalized. Net proceeds of the sale result in Wynn’s global liquidity position of $4.4 billion. Wynn Resorts will continue to operate Encore Boston Harbor through a triple net lease arrangement with Realty Income. The lease has an initial annual rent of $100 million for a term of 30 years, with one 30-year renewal option.
Resorts World revamps cashless wagering
Nevada (Las Vegas) - - After a hindered rollout in 2021 that prompted regulatory changes, Resorts World and digital payments provider Sightline Payments relaunched its cashless technology solution Wednesday and it includes more functionality and seamless technology. Players at the Strip hotel-casino will now be able to confirm their identity remotely, enroll in loyalty programs and payments and use biometric authentication such as face ID and fingerprint technology.
Self-service Tesla rental firm launches in Las Vegas
Nevada (Las Vegas) - Las Vegans and tourists alike will have a new electric car rental option on the Strip that won’t require interacting with agents. UFODrive, a Europe-based car rental company that only offers electric vehicles, launched its operations Thursday on the fifth floor of Showcase mall’s parking garage on the Strip. The company will not have staff in Las Vegas and customers will be directed to handle every part of the rental experience through its mobile app, said Aidan McClean, CEO of UFODrive.
Strip resident Miranda Lambert takes pride in her music and her platform
Nevada (Las Vegas) - It’s been one big week after another for Miranda Lambert. Just before making a return to her Velvet Rodeo residency show on the Las Vegas Strip, the 39-year-old singer and songwriter was nominated for four Grammys, one in each country music category. Now she gets to celebrate with six concerts at Planet Hollywood’s Zappos Theater during National Finals Rodeo week. “I’m super-excited about it, because those are my people,” Lambert tells the Weekly.
Garth Brooks signs on for 2024 at Caesars Palace
Nevada (Las Vegas) - It’s Brooks in ’24 on the Strip. Responding to high ticket demand for his 2023 shows at the Colosseum, Garth Brooks has confirmed he will perform in 2024 at Caesars Palace. He has added one year to “Garth Brooks/Plus ONE,” with more info on the horizon. The extension marks a long-term commitment for Brooks on the Strip. He’s already booked for 27 select dates overall, from May, June, July, November and December of next year.
Pac-12 extends agreement with Las Vegas through 2023
Nevada (Las Vegas) - The Pac-12 Conference extended its agreement to at least 2023 to play its championship game at Allegiant Stadium in Las Vegas. The game Friday between No. 4 Southern California and No. 12 Utah will be the second in Las Vegas. Commissioner George Kliavkoff said Thursday the game has sold out. “Being in the entertainment capital of the world and a state-of-the-art NFL stadium is great for the Pac-12,” Kliavkoff said.
NFL announces new format for Pro Bowl Games in Las Vegas
Nevada (Las Vegas) - A re-imagined NFL Pro Bowl is set to occur in February at Allegiant Stadium. The NFL Pro Bowl Games will be highlighted by several skills competitions, culminating in three flag football games. The week kicks off Feb. 2 with the Pro Bowl Skills events pitting NFL stars against one another in competitions that will include previous fan-favorite challenges and newly added ones.
