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Casino
April 25, 2025
MGM Teams Up with Playtech for a New Live Dealer Studio in Vegas
MGM Resorts has added a new live dealer studio to its famous MGM Grand hotel-casino property in Las Vegas. Developed in partnership with Playtech, the new studio will offer online live dealer content to players in certain international markets where such products are allowed. The New Studio Should Open Very Soon As mentioned, the new […]
Casino
April 24, 2025
MGM Osaka Held Its Groundbreaking Ceremony
MGM Osaka, Japan’s inaugural integrated resort, has just hosted its groundbreaking ceremony. Despite the multiple delays, construction is currently underway, marking a monumental achievement for the casino industry. The Event Was Attended by the Osaka Governor The $8.9 billion resort is the brainchild of MGM Resorts International and its local partner, Orix Corp, which have […]
Casino
April 21, 2025
MGM Unveils Credit Card Featuring Benefits and Rewards
MGM Resorts International announced a collaboration with First National Bank of Omaha (FNBO), to offer customers a new credit card that would allow holders to earn up to 6x points and tier credits in the casino operator’s rewards program. MGM and FNBO Reveal the New Premium Card According to Anil Mansukhani, Vice President of Loyalty […]
Industry
April 21, 2025
MGM Resorts Faces $8.5M Penalty Over Anti-Money Laundering Failures
MGM Resorts International will pay Nevada regulators $8.5 million after a long investigation into breaches of anti-money laundering (AML) rules linked to two convicted illegal bookmakers. The proposed deal, if the Nevada Gaming Commission approves it next week, would be one of the biggest regulatory fines in the state’s history. MGM Slammed with Fine for Letting Bookies Operate […]
Business
March 21, 2025
Fitch Affirms BB- Rating and Stable Outlook for MGM Resorts
Fitch Ratings affirmed a BB- rating for MGM Resorts International and its subsidiaries. The rating reflects MGM’s EBITDA leverage and places MGM’s stock into non-investment grade. In addition to an Issuer Default Rating (IDR) of BB-, Fitch affirmed MGM’s senior secured debt at BB+ with a Recovery Rating of RR1. The unsecured debt, on the […]
Sports
March 11, 2025
MGM Board Member Barry Diller Backs Andrew Cuomo for New York City Mayor
Media tycoon and MGM Resorts International board member Barry Diller has shown his support for former New York Governor Andrew Cuomo in the upcoming New York City mayoral election. Diller’s endorsement stems from his gratitude for Cuomo’s help to develop Little Island, a public park project on the Hudson River. Diller and his wife, fashion […]
Business
March 10, 2025
MGM Resorts Executive to Retire After Three-Decade Career
A longtime executive at MGM Resorts International is set to retire next month after more than three decades with the company. Ann Hoff, who serves as president and chief operating officer of Bellagio and Park MGM, will step down from her role on April 25, according to internal communications from the company. MGM Resorts Honors […]
Legal
March 3, 2025
MGM and FTC Close to Settling Dispute Over 2023 Cyberattack Probe
The Federal Trade Commission (FTC) and MGM Resorts International are on the verge of settling a disagreement about the big cyberattack that hit the company in September 2023. The attack cost about $100 million in damages and messed up MGM’s resort operations for more than a week. The FTC had been looking into this incident. […]
Business
February 28, 2025
MGM Resorts & BetMGM Renew Safer Gambling Partnerships in Preparation for PGAM
MGM Resorts International and the BetMGM brand announced the expansion of several “groundbreaking collaborations” focused on gambling harm research and prevention. The announcement comes ahead of National Problem Gambling Awareness Month. Problem Gambling Awareness Month is a time when industry stakeholders join forces to promote safer play, discourage unhealthy gambling habits, and spread awareness of […]
Business
February 28, 2025
BetMGM to Assume Control of MGM’s Sin City Sportsbooks
The Nevada Gaming Commission has allowed up-and-coming betting brand BetMGM to run MGM Resorts’ sports wagering operations in Las Vegas. This marks a significant development for the brand, which continues its growth journey. BetMGM to Take Over MGM Resorts’ Betting Operations CDC Gaming, which broke the news on this story, said that BetMGM, which was […]
