Business
October 16, 2020
MGM Resorts Only Vegas Strip Giant on Forbes’ Best Employer List
MGM Resorts International has been added on the list of 750 World’s Best Employers for 2020 compiled by Forbes with the help of Statista. Forbes Distinguishes MGM Resorts International as Employer Forbes has distinguished MGM Resorts International in its list of 750 World’s Best Employers for 2020. The casino giant secured 107th place. MGM Resorts […]
Business
September 30, 2020
Caesars’ £2.9B Takeover Bid Accepted by William Hill Board
US casino giant Caesars Entertainment, Inc. and UK-based sportsbook operator William Hill PLC reached an agreement regarding the sale of the sports betting company. The £2.9 billion cash offer was initially revealed by Caesars on Monday, when William Hill responded to speculations it was a subject of a takeover bid, confirming it had received two […]
Business
September 28, 2020
Caesars Reveals a Potential £2.9B William Hill Takeover Bid
US casino giant operator Caesars Entertainment announced Monday it was in advanced negotiations to acquire UK-based sports betting company William Hill. Caesars outlined it was about to make an official £2.9 billion ($3.7 billion) cash takeover bid for the bookmaker. At the end of last week, William Hill responded to speculation that it was at […]
Business
September 27, 2020
William Hill at the Centre of a Potential US Bidding War
UK betting giant William Hill issued a response to speculation Friday, confirming the operator received two separate cash offers, from Apollo Management International LLP and its subsidiaries, and from Caesars Entertainment, Inc. Rumours Confirmed After an initial written proposal from the US private equity group Apollo in August, William Hill received a further proposal and […]
Business
September 21, 2020
Caesars and VICI Complete Caesars Forum $400M Mortgage Deal
Caesars Entertainment announced Friday it secured a mortgage loan deal worth $400 million with real estate investment trust (REIT) VICI Properties, and secured by the Caesars Forum Conference Center in Las Vegas. In a filing to the Securities and Exchange Commission (SEC) VICI outlined the loan deal which was initiated by a letter of intent […]
Industry
August 13, 2020
MGM Resorts Employee Fund Receives a $2 Million Donation by Kerkorian Estate
The fund by MGM aiming at mitigating the COVID-19 impact on employees receives a $2 million donation by the Kerkorian Estate. MGM’s CEO Bill Hornbuckle expressed gratitude for the generous contribution. Kerkorian Estate Donates $2 Million to MGM Employee Fund The employee fund of MGM Resorts International received a $2 million donation by Kerkorian Estate. […]
Casino
August 7, 2020
Caesars Posted Q2 Loss, Will Offset with Convention and Sports
Caesars Entertainment Inc. posted its second quarter financial results Thursday, the first report from the combined entity between Caesars and Eldorado Resorts. The $17.3 billion mega-merger deal was completed July 20, to create a regional gaming giant. The new Caesars posted $100 million in net loss for the second quarter of 2020, compared to a […]
Casino
August 2, 2020
Caesars Approves Pay Raises for Executives Amid Pandemic
Following the merger of Eldorado and Caesars, Caesars approved pay raises for five executive employees. Caesars’s Board of Directors Approved Managerial Salary Raises Following the merger by Eldorado and Caesars, Caesars has set a plan for pay raises for the company’s management. Earlier this week a Compensation Committee meeting approved that five of the company’s […]
Casino
July 17, 2020
Evolution Gaming: 1H 2020 Profits Nearly Double
Latest report by Evolution Gaming outlines how much did the company spend and profit in the first half of 2020. Profits 1H 2020 Nearly Doubled, Says Evolution Gaming’s Latest Report Evolution Gaming released its interim report reflecting the company’s results for the period January – June 2020. According to the report, profits by Evolution Gaming […]
Business
July 16, 2020
ZDNet: MGM Resorts Data Breach Affects 142 Million Guests
A specialized media outlet, ZDNet, has been able to confirm that the consumer data breach of MMG Resorts International guests was much bigger than originally reported, with some 142 million hotel guests compromised. Thankfully, no financial information, reservation details or social security numbers were accessible to the hacker. ZDNet Questions Real Numbers Behind MGM Resorts […]