GMA quoted on KNPR – Nevada Public Radio

GMA quoted on KNPR – Nevada Public Radio

Ownership Shuffles On Strip Called Part Of Gaming Industry Evolution

by Mike Prevatt

Casinos were quiet on the Strip during the pandemic but boardrooms were busy.

Well-known resorts like the Venetian, Palazzo, and Palms have new owners.  Eldorado Resorts took over Caesars Entertainment, keeping the better-known name.  And an alphabet soup of investment vehicles like SPACs (special-purpose acquisition companies) and REITs (real estate investment trusts) have been put to use to extract more value out of Strip resorts and the real estate they sit on.

You can listen to the story here