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Business
August 29, 2022
MGM Resorts’ Shareholder IAC Increased Stake to 16.5%
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 […]
Casino
August 24, 2022
MGM Expects Osaka IR to Contribute $775M to Taxes
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 […]
Industry
August 22, 2022
MGM Resorts Receives Government Clearance for LeoVegas Bid
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 […]
Casino
August 18, 2022
MGM Resorts Foundation Donates Almost $2M to 82 Local Charity Projects
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 […]
Business
August 4, 2022
MGM Resorts Uses Q2 Earnings Call to Stake out Thailand Interest
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 […]
Business
July 15, 2022
MGM Resorts International to Buy Genting Singapore, Reports State
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 […]
Casino
July 13, 2022
MGM Resorts Becomes Official Partner for MLB Players
MGM Resorts International has secured a new partnership with Major League Baseball players which will see the former partner access marketing and branding rights. Thanks to this multi-year arrangement, the hospitality company has become the Official Partner for MLB Players Inc, which means that the prominent gaming brand will have access to the image and […]
Casino
July 5, 2022
New MGM-branded Hotel to Open in Shanghai
In a joint venture with Diaoyutai State Guesthouse, MGM Resorts International has announced that it is going to open an MGM hotel in Shanghai called MGM Shanghai West Bund, which will sport 219 guest rooms and suites. The new project will help MGM grow its presence in mainland China. The New MGM-branded Hotel The MGM-Diaoyutai […]
Industry
May 17, 2022
Wynn and MGM China Found Jointly Liable in Nine VIP Room Cases
The Court of Final Appeal in Macau has decided that MGM China and Wynn Macau share liability in nine cases related to lost deposits at VIP rooms. The nine cases were recorded at Dore Entertainment Co LTD’s VIP room and the former VIP room belonging to Sun City Gaming Promotions Co LTD located at an […]
Casino
May 3, 2022
MGM China Reports 9% Revenue Drop in 1Q2022 Due to Travel Restrictions
The top developer and operator of gaming venues and resorts in the Greater China region MGM China Holdings Limited (MGM China) have reported its Q122 results. According to data provided by its parent company MGM Resorts International, MGM China recorded a revenue of $268 million in the first quarter of the year that ended on […]