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Sports
July 8, 2025
Goldman Sachs Gives MGM Resorts a “Sell” Rating Due to Cash Flow Concerns
MGM Resorts International saw investors grow more cautious on July 7 when Goldman Sachs started covering the casino giant with a negative outlook. The brokerage tagged the stock with a “sell” rating and set a $34 price target, pointing to a potential 10% drop from its current price. MGM Faces Pressure as Goldman Sachs Cites […]
Casino
June 27, 2025
MGM Yonkers Files $2.3B New York Casino License Bid
MGM Resorts has officially entered the race for one of New York’s three downstate casino licenses. The company pitched a $2.3 billion proposal to expand its Empire City Casino into a full-fledged resort with table games, live dealers, and an impressive array of amenities. The project, officially pitched by MGM Yonkers Inc., the operator’s local […]
Industry
June 19, 2025
MGM China Sets the Pace in Macau’s Rebound
MGM China is rapidly emerging as one of the frontrunners in Macau’s evolving gaming landscape, outpacing rivals in profitability and market share, according to a recent report by Morningstar. While gross gaming revenue in the region remains below pre-COVID levels, MGM China’s aggressive expansion and operational improvements have put the company at the forefront of […]
Industry
May 21, 2025
MGM Resorts Advises Thailand to Adopt a Competitive Casino Tax and Allow Locals to Play
Global gaming giant MGM Resorts has watched the efforts to regulate casinos in Thailand from the front seats, hoping to capitalize on emerging opportunities in the country. As these efforts progressed, the company encouraged local authorities to adopt a competitive casino tax. Thailand Casinos Inch Closer to Reality Thailand recently warmed up toward the idea […]
Casino
May 13, 2025
MGM Resorts Brings in Ryan Abboushi as President of Entertainment
MGM Resorts International has announced the appointment of Ryan Abboushi, who joined the company on Monday, to become its president of entertainment. Abboushi is taking over one of the most ambitious and important divisions for the company’s operations. New Head of MGM Resorts’ Entertainment Seeks to Add Value He will oversee the programming and operations […]
Business
May 9, 2025
MGM Re-Signs Contract with CEO Hornbuckle Until 2028
CEO and president Bill Hornbuckle has renewed his contract with MGM Resorts, meaning he will stay at the helm of the company for the next three years. MGM Resorts Announces Re-Signing of CEO The deal will see Hornbuckle extend his tenure in the position until the end of 2028. The previous agreement between the company and […]
Industry
May 8, 2025
MGM Says Thailand Will Become Top Gambling Destination
Ed Bowers, president of global development at MGM International, expressed that Thailand could soon emerge as Asia’s leading destination for integrated resort investments. Bowers Says Thailand Could Become Top Gambling Destination in Asia During his remarks at the G2E Asia Forum, Bowers noted that if the right legislative framework and infrastructure are put in place, […]
Industry
May 6, 2025
MGM China Unveils New RG Education Program for Employees
MGM China announced the launch of a new program that will expand its employees’ understanding of gambling harm. The company celebrated the launch with a special ceremony that featured many noteworthy guests. MGM China Unveils the MGM Responsible Gaming Employee Care Program According to MGM China’s announcement, the MGM Responsible Gaming Employee Care Program was […]
Business
May 2, 2025
MGM Resorts Increases Its Investment in MGM Osaka by 20%
MGM Resorts International announced that it has increased its projected investment in its integrated resort in Osaka, Japan, by 20%. The company remained unfazed by this decision, remaining very optimistic about the property’s potential performance. The Increased Investment Is Due to Updated Spend Estimates According to MGM’s announcement, which was made during its recent earnings […]
Casino
April 29, 2025
Appeals Court Says MGM Not at Fault in Gambler’s $24M Loss Case
A federal appeals court has decided that MGM Resorts cannot be held responsible for the huge gambling losses of a New Jersey man who said the casino giant exploited his addiction. Judges Say Gambling Addiction Does Not Create Legal Liability for Casinos Sam Antar, who calls himself a compulsive gambler and is related to the […]
