Tag: Apollo Global Management

Las Vegas properties like the Venetian are still struggling during the pandemic, while Asian casinos are bouncing back. (Image: Venetian.com)

The Venetian’s New Owner Has a History of Bankrupting Casinos

Two months after Sheldon Adelson’s death, his signature Las Vegas casino has been sold. One of the Venetian’s new owners, Apollo Global Management, is responsible for the largest bankruptcy filing in casino industry history. Unlucky? The Las Vegas Sands had been looking to sell its Strip properties since October. The […]

How MGM’s New CFO Jonathan Halkyard Had a Hand in Tanking Caesars

How MGM’s New CFO Jonathan Halkyard Had a Hand in Tanking Caesars

After two failed attempts to acquire online gambling partner Entain, MGM Resorts International named Jonathan Halkyard as its new chief financial officer Thursday. He comes with experience handling complex mergers, instituting extreme cost-cutting measures, and dealing with private equity acquisitions, including several that preceded the biggest bankruptcy in gaming history. […]