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Industry
September 28, 2021
MGM Resorts Wins a Race in Which It Was the Only Participant
It’s almost impossible to lose a race in which you’re the only competitor, so it’s likely that MGM Resorts International wasn’t too concerned about not being selected as a casino operator for Osaka, Japan. The prefecture is hoping to win approval to host an integrated resort (IR) and, leading up to the close of the […]
Casino
September 27, 2021
MGM Resorts Agrees to $1.6B Cosmopolitan Operations Purchase
MGM Resorts signed a definitive agreement with Blackstone to acquire the operations at The Cosmopolitan of Las Vegas for $1.625 billion in cash, the casino company announced today. Buy the Operations, Rent the Property The price of the transaction that is expected to close in the first half of 2022, subject to regulatory approvals and […]
Industry
September 27, 2021
AGA Adds BetMGM, MGM Resorts to “Have A Game Plan”
The American Gaming Association (AGA) continues to champion responsible gambling through its dedicated initiative known simply as “Have A Game Plan,” now backed by MGM Resorts and BetMGM. The partnership was revealed during AGA’s Responsible Gaming Education Week or RGEW for shore. Helping Gamblers Understand Safer Gambling This campaign focuses on educating crowds about sports betting as the US embraces […]
Industry
September 24, 2021
The Nevada Gaming Commission Bids Farewell to its Chair and to Dubai World
Thursday was the D-Day for Dubai World, as the Nevada Gaming Commission (NGC) has signed off on Dubai World’s exit. Dubai World, a Dubai investment arm in the UAE, had a 14-year partnership with MGM Resorts International in developing Las Vegas’ own CityCenter. Chairman John Moran also said goodbye to the Commission who has been […]
Business
September 10, 2021
MGM Has Ambitions to Be a Global Online Gaming Powerhouse
Digital is the future. Online education, remote offices, online movie and video game streaming, ordering Pizza with Alexa are just some of the options that are becoming more prominent. While it doesn’t yet command as much attention as its land-based cousin, online casinos are gaining more traction and the iGaming segment continues to become stronger. […]
Casino
August 25, 2021
MGM Springfield Adds New Sports Lounges, Hopes for Sports Betting
MGM Springfield arrived on the casino scene in Massachusetts three years ago, determined to leave its mark on the state. It has succeeded, even as Encore Boston Harbor steals some of its thunder. The MGM Resorts International property is celebrating its third anniversary in style, introducing two dedicated sports lounges and asserting, “Our best days […]
Business
August 17, 2021
MGM Resorts Introduces COVID-19 Vaccination as a Condition of Employment
MGM Resorts sent a letter to its employees announcing vaccination against COVID-19 as a condition of employment. The mandate will affect current salaried employees, as well as both salaried and hourly new hires who are not exclusively working from home. MGM Rolls out Vaccination as a Condition of Employment More than 20 US giants, such […]
Business
August 6, 2021
MGM Resorts to Trim Back Its Corporate Structure, Possibly Explore More Online Ops
For those who missed the memo, the US gambling industry is about to embark on a journey into the unknown. There was a time, in the not-so-distant past, that just the mention of “online gaming” caused land-based casino executives’ hearts to skip a beat. Not anymore, though, and changes are coming. MGM Resorts International isn’t […]
Business
August 4, 2021
VICI Properties to Acquire MGM Growth Properties for $17.2B
Portfolio enhancement and diversification at VICI Properties continue as the real estate investment trust (REIT) announced it would acquire MGM Growth Properties. Payment Consideration VICI Properties, MGM Growth Properties (MGP), and MGP’s controlling shareholder, MGM Resorts International, signed a definitive agreement for the acquisition of MGP by VICI for total consideration of $17.2 billion, inclusive […]
Casino
August 4, 2021
MGM Resorts in Search of 3,000 Employees in Vegas
The Silver State is returning to mask-wearing as MGM Resorts forges ahead in the hopes of adding 3,000 people to its workforce. MGM Resorts Looking to Bolster Work Force Las Vegas is under pressure to keep COVID-19 cases under control as the number of infections continues to increase, and Nevada governor Steve Sisolak has already ordered […]