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The Latest in MGM
By
Casino

MGM Remains Sole Bidder for Osaka Integrated Resort

Amid the scramble to secure a license to be the first casino operator to build an Integrated Resort (IR) in Japan, MGM Resorts International has finally pulled ahead of the race, with the government of Osaka confirming that the company has been the only one to bid for the project so far. MGM teamed up […]

MGM Remains Sole Bidder for Osaka Integrated Resort
By
Casino

MGM Resorts’ Jim Murren to Claim Close to $32m in Exit Payout

Amid stepping down, one of MGM Resorts’ most iconic CEO, Jim Murren, is about to collect close to $32 million, a recent filing to SEC revealed. Jim Murren to Collect Nearly $32m in Bonuses, Salary, and Fees According to a filing to the Securities and Exchange Commission (SEC), Jim Murren, MGM Resorts’ boss who announced […]

MGM Resorts’ Jim Murren to Claim Close to $32m in Exit Payout
By
Casino

Casinos’ Stock Continues to Fall as China Battles Coronavirus

The deadly new strain of pneumonia known as coronavirus has already claimed the lives of 106 people and counting. Amid the spread of the disease, casino companies have also suffered from a historic drop in visitations to Macau and share price decline. Coronavirus’ Spreading Causes Casino Shares to Fall Again Amid China’s efforts to contain […]

Casinos’ Stock Continues to Fall as China Battles Coronavirus
By
Business

MGM Starts Using Solar Panels to Reduce CO2 Emissions

Thousands of Solar Panels have been installed in the Springfield, Massachusetts Casino. The Solar Panels to be Launched in January 2020. MGM Springfield, the top casino resort in Massachusetts, has had thousands of solar panels installed at its resort casino in Springfield. The panels will become operational in January, 2020. From the company explained that […]

By
Business

MGM Resorts International Partners with Yahoo Sports in Online Betting Deal

MGM Resorts International and Yahoo Sports announce historic partnership The deal will see the Las Vegas company integrate its sports betting platform to Yahoo Sports’ website The deal is the latest in a string of partnerships involving MGM MGM Resorts International has entered a historic partnership with Yahoo Sports, owned by Verizon Media, in a […]

By
Casino

MGM Seals Major Deals for Bellagio, Circus Circus Las Vegas

MGM sells Bellagio and rents it back from a joint-venture with Blackstone Real Estate Income Trust Bellagio deal helps execute the company’s asset-high strategy Flexibility remains chief priority for MGM as the company relieves itself of debt MGM sells both the Las Vegas Bellagio and Circus Circus Las Vegas casinos in a bid to boost […]

By
Legal

Interior Department Calls for Dismissal of MGM’s Casino Lawsuit

In August, MGM filed a lawsuit against the Interior Department. The lawsuit challenged the approval of a satellite casino in East Windsor. Interior Departments says MGM’s claims are unfounded. A couple of months back behemoth gaming and hospitality operator MGM filed a suit against the United States’ Interior Department. This lawsuit claimed that the department […]

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Business

Casinos in Maryland Donate $542 Million to Education Fund

Three casino operators have generated and donated more than $542 million meant to facilitate education reform efforts in the state of Maryland State Governor praised the gaming businesses’ strong performance and show of good will Educational reforms in the state, recommended by the Kirwan Commission, require a total of $725 million About 30 percent of […]

By
Business

MGM Boss Says a Japanese Resort by 2025 Requires ‘Surgical Precision’

Osaka can execute Japan’s IR project on time Challenges in MICE business persist Japan’s IR offers the best ROI the gaming world has seen MGM Resorts boss Jim Murren spoke at the Strategic Decisions Conference 2019 and discussed the future IR in Japan, citing solid ROI and issues to be worked on. MGM Resorts’ Murren […]

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Casino

Wynn and MGM in Talks for Sale of Encore Boston Harbor

Wynn and MGM negotiate sale of Encore Boston Harbor Massachusetts law allows only one casino property per company Wynn and MGM remain competitors in Macau and Japan Wynn Resorts Ltd and rival operator MGM Resorts are officially in talks for the potential sale of Encore Boston Harbor, representatives of both companies have confirmed. Encore Boston […]