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Casino
November 21, 2020
MGM’s Mandalay Bay and Mirage to Remain Shut Monday-Thursday
MGM Resorts International is experimenting with operational times, cutting mid-week schedule for The Mirage and Mandalay Bay. Mandalay Bay and Mirage Shut-down during Mid-week The Las Vegas Strip is handling the covid-19 outbreak in a piecemeal way. On the one hand, you have Nevada Gov. Steve Sisolak who tested positive for the novel coronavirus and […]
Business
November 18, 2020
MGM Growth Properties Offers Senior Unsecured Notes for $750M
MGM Growth Properties is looking to raise $750 million of senior unsecured notes, priced at 3.875% and due 2029 at par, the real estate trust announced Tuesday. The offering which was upsized by $250 million from the initial $500 million, is expected to close November 19, subject to customary closing conditions. MGM Resorts’ Redemption Right […]
Business
November 13, 2020
BetMGM Appoints Former MGM Chief Corporate Counsel Hagopian
BetMGM, the sports betting brand of the joint venture of GVC Holdings and MGM Resorts, Roar Digital, announced Thursday a new addition to its executive team, as Andrew Hagopian, former Chief Corporate Counsel of MGM Resorts, is joining as its Chief Legal Officer. Responsible for Legal and Compliance Departments Hagopian, who holds a J.D. from […]
Casino
November 11, 2020
Detroit Casinos Report $101.4 Million Revenue in October, 18.9% Drop Year-on-Year
Aggregated revenue from Detroit’s three casinos totaled $101.4 million while operating at 15% since reopening this summer. October Results Better Than September Detroit’s three casinos reported $101.4 million in revenue in October. Compared with September’s results, revenue increased by 6.7%. Casinos still operate at 15% capacity to limit the spread of Covid-19. Slot machines and […]
Business
November 9, 2020
MGM Springfield Makes Good on $2.3 Million Debt to City Despite Pandemic Impact
MGM Springfield has repaid an outstanding debt of close to $2.3 million to the City of Springfield, Massachusetts, despite having suffered significant losses due to the coronavirus pandemic, the Springfield Republican reports. The complex had owed the sum since April when it paid about $5.5 million, an initial payment from a total of $7,780,376.32 agreed […]
Casino
October 31, 2020
MGM Planning Mid-Week Change of Schedule for Strip Casinos
MGM revealed that it may change the mid-week schedule for some of its Las Vegas Strip casinos. Upon releasing Q3 results, the operator marked a 68% net revenue decrease for the Las Vegas Strip properties when comparing year-on-year results. MGM May Introduce Mid-week Change of Schedule for Some Strip Properties The gaming industry giant MGM […]
Casino
October 21, 2020
MGM Resorts to Restart Live Entertainment at 3 Strip Venues
MGM Resorts has announced the return of live entertainment options at three locations on the Las Vegas Strip starting on November 6. Entertainment Returns to MGM Properties on the Las Vegas Strip The push for the normalization of the casino industry in one of America’s main gambling arteries – Las Vegas – is going at […]
Casino
October 17, 2020
MGM Springfield Didn’t Increase Problem Gambling, Says Study
Since its official opening in August 2018, MGM Springfield has not increased problem gambling in Massachusetts. The operator created more than 2,500 workplaces and brought millions of gambling and non-gambling revenue. Problem Gambling in Massachusetts Has Not Increased, Says Study New research by the Social and Economic Impacts of Gambling in Massachusetts (SEIGMA) researchers at […]
Casino
October 16, 2020
Springfield City Officials Expect MGM to Honor its Obligations
Springfield city officials continue constructive talks with MGM Springfield to collect the outstanding part of the April payment. Under the host community agreement, the casino property still owes around $2.3 million to the city. MGM Springfield had to pay $7.78 million, but on April 1, the casino made a payment of only $5.5 million, stating […]
Business
October 16, 2020
MGM Resorts Only Vegas Strip Giant on Forbes’ Best Employer List
MGM Resorts International has been added on the list of 750 World’s Best Employers for 2020 compiled by Forbes with the help of Statista. Forbes Distinguishes MGM Resorts International as Employer Forbes has distinguished MGM Resorts International in its list of 750 World’s Best Employers for 2020. The casino giant secured 107th place. MGM Resorts […]