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News in-depthUS presidential election 2024
Ron DeSantis’s biggest donor is considering backing Trump
...The 79-year-old property tycoon spoke to the FT over four hours in his compound in Las Vegas, describing his belief in the existence of extraterrestrial beings and that human consciousness survives death...
November 8, 2023
General Motors Co
GM to cut spending on self-driving unit Cruise after accident
Carmaker will use investor day to outline scale of investment reductions
November 28, 2023
FT Live
Financial Adviser Service Awards 2024
Who gives you 5 star service?
Thursday, 21 NovemberNatural History Museum, Cromwell Road, London, UK
CloudKitchens
Travis Kalanick’s start-up CloudKitchens fires staff and shuts sites
...In a sign of the difficulty for the company, a test run by Domino’s in Las Vegas ended with the pizza chain leaving the space when its lease expired, the people added....
September 5, 2023
InterviewProperty sector
From strip club to luxury towers: the developer looking to transform Miami
...It was also owned by a canny strip club mogul, Jack Galardi, who had started in Las Vegas in the 1970s and owned dozens of clubs around the country....
January 30, 2024
Blackstone Group LP
Blackstone’s property fund meets redemptions for first time in over a year
...It also sold billions in property assets, such as hotels, self-storage operators and an interest in the Bellagio, a Las Vegas casino....
March 1, 2024
News updates from January 4: US air strike kills Iran-backed militia commander, German inflation rises to 3.8%
China spent millions at Trump properties while he was president
...Vegas....
January 4, 2024
FT Live
Evolving retirement strategies in an ever-changing world
What new regulatory developments mean for IFAs
Tuesday, 30 April1 Friday Street, London
Scoreboard
Megan Rapinoe’s last dance Premium content
...More importantly, as F1 prepares for its first Las Vegas race in decades, Brown downplayed concerns that Red Bull’s dominance could push away newcomers to the sport in the US....
November 11, 2023
UK property
US developer scraps plans for London Sphere
...MSG has built a similar sphere in Las Vegas at a cost of $2.1bn....
January 9, 2024
US politics & policy
China spent millions at Trump properties while he was president
...Vegas....
January 4, 2024
ReviewNon-Fiction
Property by Rowan Moore — it’s never just bricks and mortar
...At times it is all quite dizzying, such as a section where we hurtle from complex financial products, collateralised debt obligations and such like, to “casino capitalism”, the architecture of Las Vegas...
November 28, 2023
Live news updates from April 20: SpaceX rocket explodes, Nato chief makes first wartime Ukraine visit
Asian resorts lead Las Vegas Sands to post-pandemic recovery
...Las Vegas Sands said its Asian properties were key to its recovery from the pandemic, as the return of Chinese visitors boosted revenues and earnings at the casino group....
April 20, 2023
MGM Resorts International
FBI investigates after MGM’s casinos and hotels hit by ‘cyber incident’
...The outages appeared to have affected MGM’s properties not just in Las Vegas, where it runs the Bellagio, Aria, Cosmopolitan and Excalibur casino resorts, among others, but also as far as Atlantic City in...
September 12, 2023
Entain PLC
Activist investors pile pressure on Ladbrokes owner Entain
...The share price slump has pushed Entain’s market capitalisation to £5.2bn, well below the value of 2021 takeover offers the group received from Las Vegas-based casino group MGM International and Boston-based...
November 22, 2023
Brookfield Asset Management Inc
Brookfield’s ‘core’ weakness
...Vegas....
October 20, 2023
LexTravel & leisure industry
Bowlero: selling boozy strikes turns into roll-up opportunity
...To raise cash, the company recently completed a $439mn sale-leaseback transaction with Vici Properties, best known as a Las Vegas casino landlord....
November 7, 2023
FT Live
Financial Advice Forum
Optimising client centric advice in uncertain times
Tuesday, 24 September8-14 Cooper's Row, London EC3N 2BQ, UK
The Trump machine
The Trump machine: the former president’s dash for campaign cash
...Robert Bigelow, a Las Vegas property developer who has also funded research into UFOs, was DeSantis’s top donor but went to Trump after Hamas invaded Israel — he says he wants an “ass kicker” as commander-in-chief...
April 2, 2024
News in-depthMark Cuban
Mark Cuban considers his next gamble after sale of Dallas Mavericks stake
...For Sands, they have also had very good luck on timing, whether that’s buying back stock, selling [their Las Vegas properties], or building in Macau.”...
December 8, 2023
Blackstone Real Estate Income Trust
Blackstone’s Breit sells property to finance push into AI data centres
...Large asset sales late last year, such as Breit’s disposal of a 49 per cent stake in two Las Vegas casinos for $2.8bn, created liquidity to handle surging redemption requests....
July 30, 2023
Hedge funds
PFOF and its discontents
...It’s like encouraging people to go to Las Vegas to stick it to The Man through the slot machines. The reality is that no one loves retail investors more than Wall Street....
September 15, 2023
LexMGM Resorts International
MGM: casino hack shows investors need to think more about cyber security risks Premium content
...MGM, the biggest hotel casino operator on the Las Vegas Strip, suffered widespread disruptions across its properties this week after a cyber security breach forced it to shut down large parts of its internal...
September 14, 2023
Chinese business & finance
China’s slump pushes smaller companies overseas for growth
...Several of these hopefuls took part in the CES trade show in Las Vegas this month, taking the opportunity to show off their products, sound out the market and seek partnerships....
January 30, 2024
Due Diligence
Carl Icahn, a Texas lawyer and a bottle of vodka Premium content
...Smart reads Miami mogul Property developer Marc Roberts is seeking to reshape Miami’s seedy side into a miniature Las Vegas, the FT writes....
January 31, 2024
Skin in the GameStuart Kirk
Why I got it wrong about offices, according to readers
...Regional Reit Limited, Schroder European Real Estate Investment Trust, Highwoods Properties, Boston Properties, Growthpoint Properties Australia, Emira Property Fund The author is a former portfolio manager...
April 21, 2023
Skin in the GameStuart Kirk
What’s a good portfolio for an 80-year-old?
...Rush to Las Vegas or stuff it under the mattresses?...
December 15, 2023
Travel & leisure industry
Macau casinos mount comeback as mass-market players return
...Since selling out of Las Vegas in 2021, Las Vegas Sands now depends almost entirely on its Macau and Singaporean casinos for its earnings....
May 22, 2023

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