Casino stocks have been associated with slumping performance over the past two years, but most assets have rallied magnificently, despite facing multiple challenges on the international market. Going global has been a strong diversification strategy and a risk for some companies, but the bid has mostly paid off. Macau to Not Put Dent on MGM […]
MGM Resorts International announced in a filing to the Securities and Exchange Commission (SEC) that the digital media and internet services company InterActiveCorp (IAC) has increased its stake in the business. Buying when the Market Is Down According to the regulatory filing under Schedule 13D/A, the business led by mogul Barry Diller has been actively […]
MGM Resorts expects its Japanese integrated resort to contribute a stellar $775 million to local taxes. Ed Bowers, president of global development at MGM Resorts International, revealed more on the matter. MGM Plans to Build a Huge Integrated Resort in Osaka During the opening day of G2E Asia 2022, Bowers spoke about the company’s business […]
Looking to further expand its global presence, the leading hospitality and entertainment company, MGM Resorts International, announced plans to acquire the Swedish gaming and sports betting company LeoVegas. MGM Resorts Receives Approval for LeoVegas Takeover The company unveiled its ambitious plan back in May, but it has now completed another major step forward. Late last […]
MGM Resorts International’s charity initiative, the MGM Resorts Foundation, has donated almost $2 million via 82 grants to various non-profit organizations across the towns and regions where MGM Resorts has its operations. MGM Resorts Foundation 82 Grants Will Benefit Local Communities The MGM Resorts Foundation was founded in 2002 and gives the opportunity to MGM […]
MGM Resorts may be among the parties interested to join Thailand in the country’s pursuit of an integrated casino resort. This is the faint signal sent by company CEO and president Bill Hornbuckle who has outlined the hospitality behemoth’s interest in exploring this opportunity further. MGM Resorts Looks into Asian Market Thailand is currently in […]
US gambling giant MGM Resorts International has been reportedly taking a closer look into the possibility of acquiring Genting Singapore. According to reports, MGM has already held talks with the Lim family to either invest in Genting or acquire it in its entirety. Genting is the parent firm of Resorts World Sentosa. COVID-19 Restrictions Are […]
MGM Resorts International has set a planned date for the foundation work of its casino resort in Osaka, Japan. According to the chief executive and president of the company, Bill Hornbuckle, if Japanese authorities give MGM the green light, work is set to commence at the end of 2023. The Resort Will Likely Open at […]
MGM Resorts International has made a massive move to solidify its position in the global online gambling market. The casino operator offered $607 million to purchase one of the world’s most reputable online casinos – LeoVegas AB. By purchasing the Swedish gaming company, MGM is looking to increase its profits and influence in the European […]
Aristocrat and MGM Resorts International have negotiated an exclusive partnership that features the opening of a now-available Buffalo Zone at the Beau Rivage Resort & Casino owned by MGM. The 1,500-square-foot gaming parlor will focus on Buffalo-themed slot games featured and developed by Aristocrat. Buffalo-themed Slots for Everyone in Beau Rivage The space will be […]
