Business
February 15, 2022
MGM Resorts Continues Buying Back Shares
Along with one of its major stockholders, MGM Resorts International is taking back more control of the company. MGM announced this week that it and IAC/InterActiveCorp (IAC), a US media and technology firm, will acquire 4.5 million shares of MGM Resorts common stock from another shareholder, Corvex Management LP. MGM Resorts Takes Back Control MGM […]
Industry
December 30, 2021
MGM Resorts Tweaks Testing Protocols for Unvaccinated Employees
MGM Resorts has been one of the most patient companies when it comes to unvaccinated employees. It has also been one of the most adamant when it comes to enforcing vaccination rules and testing protocols for those who opt out of getting the jab. Now, MGM CEO Bill Hornbuckle penned a new letter to Las […]
Casino
November 18, 2021
MGM Resorts Raises On-Sites COVID Tests’ Price to $38
In a letter sent out to employees of the casino and hospitality company MGM Resorts on November 16, the company’s chief executive officer, Bill Hornbuckle, informed unvaccinated hourly employees that the price of COVID-19 tests will more than double up. MGM Resorts Increases Price of On-Site COVID-19 Tests This decision came in response to the […]
Casino
November 10, 2021
MGM and Orix Ready to Spend $10B on Osaka Integrated Resort
Japan’s Osaka prefecture has a favorite for a future casino complex developer as part of the integrated resort (IR) that will transform the country into one of the most important destinations in Asia for gambling. The consortium led by MGM Resorts, in collaboration with Orix Corporation, is proposing to invest $10 billion in building an […]
Casino
October 21, 2021
MGM Resorts Calls Max Vaccination Program a Success
MGM Resorts has become one of the latest hospitality and casino operators to have successfully incentivized its workforce into taking a COVID-19 jab. The company announced in August that its workforce would have two months to vaccinate or start taking mandatory COVID-19 tests if they want to show up for work. The deadline set for October 15 has […]
Casino
September 27, 2021
MGM Resorts Agrees to $1.6B Cosmopolitan Operations Purchase
MGM Resorts signed a definitive agreement with Blackstone to acquire the operations at The Cosmopolitan of Las Vegas for $1.625 billion in cash, the casino company announced today. Buy the Operations, Rent the Property The price of the transaction that is expected to close in the first half of 2022, subject to regulatory approvals and […]
Industry
September 27, 2021
AGA Adds BetMGM, MGM Resorts to “Have A Game Plan”
The American Gaming Association (AGA) continues to champion responsible gambling through its dedicated initiative known simply as “Have A Game Plan,” now backed by MGM Resorts and BetMGM. The partnership was revealed during AGA’s Responsible Gaming Education Week or RGEW for shore. Helping Gamblers Understand Safer Gambling This campaign focuses on educating crowds about sports betting as the US embraces […]
Business
August 17, 2021
MGM Resorts Introduces COVID-19 Vaccination as a Condition of Employment
MGM Resorts sent a letter to its employees announcing vaccination against COVID-19 as a condition of employment. The mandate will affect current salaried employees, as well as both salaried and hourly new hires who are not exclusively working from home. MGM Rolls out Vaccination as a Condition of Employment More than 20 US giants, such […]
Casino
August 4, 2021
MGM Resorts in Search of 3,000 Employees in Vegas
The Silver State is returning to mask-wearing as MGM Resorts forges ahead in the hopes of adding 3,000 people to its workforce. MGM Resorts Looking to Bolster Work Force Las Vegas is under pressure to keep COVID-19 cases under control as the number of infections continues to increase, and Nevada governor Steve Sisolak has already ordered […]
Casino
June 25, 2021
MGM Gets the Green Light to See MGM Springfield Real Estate to Its REIT
Real estate investment trusts (REIT) are good business. They get to assume little risk and, in return, receive huge rewards. They can, in the majority of the cases, be beneficial to the companies with which they work, as well, as these can lower costs associated with maintaining the property. MGM Growth Properties is one of […]
