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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, […]
Casino
January 21, 2025
MGM Grand Hotel & Casino Embarks on $300M Refurbishing Project
Embarking on one of its most ambitious renovation projects yet, MGM Grand Hotel & Casino is plowing $300 million to remodel all of its 4,212 rooms and suites of the entertainment complex’s main tower. MGM Grand Embarks on Remodeling 4,212 Rooms and Suites Already underway and carrying through December 2025, MGM Grand Hotel & Casino […]
Legal
January 15, 2025
Man Claims Lifelong Repercussions from Faulty Lamp in Strip Hotel
David Van Horn, a former public school teacher from Newaygo County, Michigan, has filed a lawsuit against the Luxor casino resort on the Las Vegas Strip. The case, brought before the 8th Judicial District Circuit Court of Nevada, accuses the hotel of negligence and failing in its duty of care after Van Horn allegedly suffered […]
