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Casino
May 28, 2020
Wynn and MGM Vow to Reopen Properties on June 4 in Nevada
With Nevada’s phased reopening plans pushing ahead, Wynn Resorts Ltd. and MGM Resorts confirmed on Wednesday that their Nevada properties will restart operation on June 4. Wynn and MGM Confirm Reopening Date for June 4 With the world reshaped completely by the COVID-19 outbreak, the gambling industry is preparing to go back to the new […]
Casino
May 15, 2020
Massachusetts Regulator Extends Closure, State Casinos to Re-Open Last
The Massachusetts Gaming Commission unanimously voted Wednesday to extend casino closures to the three state casinos, pushing a potential re-opening date to June 1, mainly following the guidance from St. Gov. Charlie Baker, but casino operators in Massachusetts may not be in a hurry to re-open for business. Gloomy Picture Ahead Representatives of the three […]
Casino
May 12, 2020
MGM’s Seven-Point Safety Plan for Re-Opening of Its Properties
MGM Resorts International issued a comprehensive report today, outlining a list of health and safety protocols the casino operator is going to implement, in preparation for re-opening of its land-based gaming properties. The multi-layered set of mitigation measures, designed in conjunction with medical and scientific experts, is aimed at preventing the spread of the virus, […]
Casino
May 6, 2020
Warn Notice for Furloughed MGM Employees, Layoffs Inevitable
MGM Resorts reportedly sent a notice to its furloughed employees Tuesday, warning them that some of them may not be re-employed within the next 6 months, and some will be laid off. The gaming and hospitality operator encouraged its workers to search for an alternative job as the uncertainty prevailing at the moment cannot allow […]
Sports
May 3, 2020
MGM Offers Its Las Vegas Strip Properties to Help the NBA Finish the Season
MGM Resorts International has proposed to the National Basketball Association /NBA/ to finish its regular season and subsequent play-off games in Las Vegas, Nevada, offering its Mandalay Bay resort as the central hub. The league has its season suspended since March 11 after Utah Jazz player Rudy Gobert tested positive for the virus. MGM Provides […]
Business
May 3, 2020
MGM Resorts Continues with Osaka IR bid in Japan
MGM Resorts CEO Bill Hornbuckle noted that the company is proceeding as planned for its Osaka IR bid in Japan. Hornbuckle calls the Asian market a “huge upside for the company”. MGM Resorts Follows Their Plan for the IR bid in Japan Bill Hornbuckle, CEO of MGM Resorts, confirmed that the company is still going […]
Casino
May 2, 2020
MGM Considers Comprehensive Re-Opening Plans for Each State
Casinos in different states that have been closed since mid-March will re-open according to different timetables, but some state governors have already started moving in the direction of considering the necessary steps, setting up timeframes for large casino operators that have multi-state presence, such as MGM Resorts logistics-wise. Tribal Venues Exempt Surprisingly, or maybe not […]
Casino
April 26, 2020
Gaming Regulator in Massachusetts Turns to Macau Experience for Re-Opening of Casinos
Massachusetts Gaming Commission started researching in detail what the process of re-opening the state casinos would require in terms of safety measures, based on the experience from casino-operating companies in Macau. Closure Period Not Over Yet Casinos in Massachusetts have been shut since St. Gov. Charlie Baker has issued his order March 15, to close […]
Business
April 24, 2020
MGM Issues New Public Debt of $750M to Boost Liquidity
MGM Resorts has announced the company managed to raise $750 million in new debt, to further strengthen its balance sheet amid the uncertainty related to the current health crisis that led to casinos closure across the states. Notes Offering Amount Upsized Thursday morning the casino operator was hoping to reach at least $500 million, and […]
Casino
March 30, 2020
Casinos In Detroit Extend Closure Putting Workers On Furlough
The three main casinos in Detroit have extended the temporary closure by two more weeks, at least until April 13, as the coronavirus /Covid-19/ outbreak in the state worsens, leaving thousands of its employees with no paychecks. Health Situation Requires Extension The initial period for the temporary shutdown of operations expires Tuesday, March 31, and […]