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Casino
January 23, 2023
CEO Hornbuckle Commits to Reviving MGM Springfield
Mass Live reported that the city of Springfield was promised three thousand jobs by MGM when they were granted the license to construct their $1 billion resort. This number is recorded in the host community agreement between MGM Resorts International and the city. However, this number may not be realistic, according to MGM Resorts International […]
Business
January 23, 2023
MGM Reportedly Plans Business Combination with Entain
A recent report released by one of the leading financial service providers in the world, Deutsche Bank, suggests that a combination between Entain and MGM Resorts is possible and even represents a “fairly obvious combination.” According to analysts, a combination of the duo is likely to receive the support of shareholders. Founded in 1986, MGM’s […]
Casino
December 20, 2022
The Mirage Is Officially under New Management
Hard Rock International’s year-long acquisition of The Mirage Hotel & Casino in Las Vegas finally concluded several days after Nevada’s gambling regulator gave the green light. The $1 billion deal is only the start of Hard Rock’s plans for the property. The entertainment and hospitality company will invest a significant sum in renovations, eventually rebranding […]
Casino
December 20, 2022
MGM Resorts to Invest $2B in Macau Following New Concession
International casino operator MGM Resorts has announced its plans to invest two extra billion in its Grand Paradise casino in Macau, China. Despite the recent setbacks experienced by the special administrative region’s gaming industry, MGM Resorts continues to firmly believe in the region’s potential. MGM Resorts Will Support Its Macau Subsidiary MGM Resorts’ Chinese subsidiary, […]
Legal
December 20, 2022
MGM Springfield Gets Green Light for Massachusetts Sports Betting
MGM Springfield is the second casino in the Bay State to have cleared the bar for a sports betting license from the Massachusetts Gaming Commission, which did not come without its challenges. For one, MGM Springfield missed a deadline which forced the commission to postpone a vote. MGM Springfield’s License: Long Time in the Making […]
Business
December 15, 2022
MGM Springfield Criticized for Number of Employees, Amenities
MGM Springfield is one of the three casinos in Massachusetts. The property opened back in August 2018 and it’s drawing closer to its five-year anniversary with each passing month. However close to this watershed, a new report reveals that the casino is yet to introduce more amenities and hire as many employees as initially agreed […]
Business
December 2, 2022
Blackstone Sells Off All Stakes in MGM Grand and Mandalay Bay
Blackstone Real Estate Income Trust, Inc. (BREIT) made an official press release announcing the upcoming sale of its remaining MGM Grand Las Vegas and Mandalay Bay Resort stakes. VICI Properties, which currently owns a 50.1% interest, will acquire the remaining 49.9% interest in the joint venture for a cash consideration of roughly $1.27 billion. VICI […]
Casino
November 11, 2022
MGM Resorts Lends $750M to Macau Subsidiary
MGM Resorts agreed to provide its Chinese subsidiary with a loan of $750 million. The money will help MGM China push through the difficult times caused by the trouble in Macau’s gaming market. MGM Lent $750M to Its Chinese Arm MGM China has been struggling to deal with the ongoing situation in the special administrative […]
Casino
November 8, 2022
MGM Resorts Is Distinguished as a Leading Inclusion Index Company
MGM Resorts has been shortlisted and recognized as one of only 36 companies to achieve full inclusivity across their entire organization. The Leading Inclusion Index Company award was granted to the casino and entertainment company at the 2022 Seramount Inclusion Index, which saw 175 companies apply, but only a handful dozen making the final cut. […]
Casino
November 8, 2022
Hard Rock International to Take Over The Mirage by End of 2022
The iconic Las Vegas hotel and casino The Mirage will finally be changing hands from MGM Resorts International to Hard Rock International following a major deal made between the two companies in December 2021. Hard Rock International Will Take Over The Mirage by the End of 2022 Hard Rock International bought The Mirage from MGM […]
