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Gambling News - 'Mgm'
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 […]
Business
February 26, 2025
MGM China Reportedly Looking to Borrow $2B
MGM China, the China-facing division of gaming & hospitality giant MGM Resorts, is reportedly looking to borrow $2 billion to expand its properties in Macau and refinance its outstanding debt. A Loan Makes Sense Considering MGM China’s Strong Position According to a report by Bloomberg, people familiar with the matter reported that MGM China is […]
Business
February 25, 2025
US Travel Association Names MGM CEO Hornbuckle National Chair
The US Travel Association has reinforced its board of directors with a major new addition. The new appointee is William “Bill” Hornbuckle, the president and chief executive officer of gaming and hospitality giant MGM Resorts International, who will serve as the association’s new national chair. Casino CEO Was Named National Chair Hornbuckle’s new position was […]
Business
February 13, 2025
MGM Resorts Posts Strong 2024 Report Despite Mixed Q4
Gaming giant MGM Resorts has posted its results for 2024, reporting an all-time high net revenue, underpinned by the steady growth of MGM China. The BetMGM digital business, on the other hand, is nearing profitability. The Q4 Report Was Mixed The fourth quarter of the year saw MGM Resorts report consolidated net revenues of $4.3 […]
Industry
February 13, 2025
MGM Advances Plans to Control Las Vegas Sportsbooks
The leading gaming and hospitality operator with a strong presence on the Las Vegas Strip, MGM Resorts Internation, made a major step toward managing BetMGM, the joint venture it owns in collaboration with Entain. The process continues to gain traction, after a recent hearing with the Nevada Gaming Control Board (NGCB). MGM Resorts Will Leverage […]
Industry
January 29, 2025
Bruno Mars Jokingly Addresses $50M Gambling Debt Rumor in IG Post
Bruno Mars recently addressed the long-standing rumor regarding his alleged $50 million gambling debt in a playful manner using an Instagram post meant to celebrate his fresh Spotify success. “KEEP STREAMING. I’ll Be Out of Debt in No Time” The 39-year-old Grammy-winning artist shared a post highlighting his achievement as the first artist to reach […]

Legal
January 27, 2025
MGM Resorts Cyberattack Case Advances with $45M Settlement
MGM Resorts International, the leading gaming, hospitality and entertainment company that operates recognizable properties such as MGM Grand, the Bellagio and Mandalay Bay, reached an important milestone in a class action lawsuit it was facing following cybersecurity incidents. $45M Global Settlement Secures Preliminary Approval Cohen Milstein Sellers & Toll PLLC, a recognizable premium law firm […]

Business
January 23, 2025
MGM May Consider Bid for Entain or Remaining Stake in BetMGM
Several years ago, the leading hospitality and gaming company, MGM Resorts International, filed a bid to acquire Entain Plc. The proposed takeover of the partner with which the company holds 50% ownership in BetMGM, a leading betting and gaming brand in the US, was ultimately rejected. However, MGM Resorts reportedly may consider a similar move […]

Business
January 21, 2025
MGM China Unveils Salary Increase for 99% of Its Workforce
MGM China Holdings Limited, a leading casino and hospitality giant in Macau, has unveiled a new salary increase that will affect most of its workers. The company thanked its workers for their hard work and incredible commitment, which have driven continued business growth. MGM China Recognized Its Workers’ Contributions According to MGM China’s official announcement, […]
