The Nordonia Hills School District in Ohio will receive a $15 million payment from MGM Northfield Park as a tax settlement over the Northfield racino, as announced on Monday. The fiscal office records of Summit County reported that the lots where various harness racing and casino operations are taking place at Summit County’s northern edge […]
It’s almost impossible to lose a race in which you’re the only competitor, so it’s likely that MGM Resorts International wasn’t too concerned about not being selected as a casino operator for Osaka, Japan. The prefecture is hoping to win approval to host an integrated resort (IR) and, leading up to the close of the […]
Thursday was the D-Day for Dubai World, as the Nevada Gaming Commission (NGC) has signed off on Dubai World’s exit. Dubai World, a Dubai investment arm in the UAE, had a 14-year partnership with MGM Resorts International in developing Las Vegas’ own CityCenter. Chairman John Moran also said goodbye to the Commission who has been […]
Digital is the future. Online education, remote offices, online movie and video game streaming, ordering Pizza with Alexa are just some of the options that are becoming more prominent. While it doesn’t yet command as much attention as its land-based cousin, online casinos are gaining more traction and the iGaming segment continues to become stronger. […]
For those who missed the memo, the US gambling industry is about to embark on a journey into the unknown. There was a time, in the not-so-distant past, that just the mention of “online gaming” caused land-based casino executives’ hearts to skip a beat. Not anymore, though, and changes are coming. MGM Resorts International isn’t […]
Portfolio enhancement and diversification at VICI Properties continue as the real estate investment trust (REIT) announced it would acquire MGM Growth Properties. Payment Consideration VICI Properties, MGM Growth Properties (MGP), and MGP’s controlling shareholder, MGM Resorts International, signed a definitive agreement for the acquisition of MGP by VICI for total consideration of $17.2 billion, inclusive […]
MGM has donated two acres for a permanent memorial in honor of the victims of the 2017 Las Vegas mass shooting. MGM Resort International Donates 2 Acres for a Memorial On Monday, Clark County officials announced that MGM Resort International has donated two acres of privately owned land for a permanent memorial honoring the victims […]
One of the biggest casino and sportsbook operators in the US, MGM Resorts International, is on the verge of completing a deal it sees as a game-changer. MGM wants to buy out Entain Plc to completely control the jointly-led BetMGM sports betting operator, and is now free to make another bid. Back in January, MGM […]
Over the next 12 months, there should be a lot of forward progress made in Japan’s efforts to bring integrated resorts (IR) to the country. There are realistically only four areas that are in the race for one of the first three locations to be chosen, and Osaka is among them. Should it be selected, […]
A recent report released by a top credit rating agency is warning investors about potentially increased risks from contingent lease obligations following a sale-leaseback scheme. Increased Credit Risk The report issued by Moody’s Investor Service considers the sale of the real estates of Aria and Vdara casino resorts on the Las Vegas Strip by MGM […]
