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Business
September 23, 2024
MGM Submits Application for Abu Dhabi Casino License
The recognizable gaming and hospitality giant, MGM Resorts, announced it has submitted a license application for a United Arab Emirates (UAE) casino. The Company Is Among the First to Apply for a Casino License The exciting news came during the Skift Global Forum 2024 last week. Bill Hornbuckle, MGM’s CEO, confirmed the strategic move that […]
Business
September 19, 2024
MGM Resorts Financially Equipped for Big Projects, Analysts Suggest
Earlier this month, the leading hospitality, gaming and entertainment company, MGM Resorts, announced it raised debt sale from $675 million to $850 million. The announcement signaled the company’s intentions to raise more money through debt than it initially anticipated. That strategic move isn’t bad by any means, especially considering MGM Resorts’ solid performance and growth […]
Business
September 13, 2024
MGM Resorts Expands Environmental Commitments via Renewable Energy Deal
MGM Resorts International is doubling down on sustainability via a new agreement with Escape Solar LLC. According to the announcement, the deal will double the casino and hospitality giant’s access to clean solar electricity. MGM Pens a New Sustainable Energy Deal The agreement is in line with MGM’s ongoing sustainability efforts and was described as […]
Casino
September 10, 2024
The First Casino Resort in Japan Expected to Open in 2030
The first casino resort in Osaka, Japan, may open at some point late in 2030, a local media outlet suggests. The move comes at a time when the main operator reportedly plans to forgo its right to exit the project without penalty, a report from Nikkei reveals. The large-scale development has seen several delays and […]
Business
September 6, 2024
New Jersey’s DGE Penalizes Borgata over Underpaid iGaming Taxes
New Jersey’s gambling regulators understood that the Borgata Hotel Casino & Spa, one of the biggest casinos in Atlantic City, has underpaid its iGaming taxes twice. The property, according to reports, did so by taking approximately $15 million more in credits than it was entitled to. Borgata Was Forced to Pay the Money It Owed […]
Business
September 4, 2024
MGM Resorts Raises Debt Sale to $850M from $675M
The global gaming and entertainment company that offers best-in-class hotels and casinos, MGM Resorts International, announced it decided to increase its debt sale from $675 million to $850 million. In a statement on Thursday, the company confirmed that it plans to raise more money through debt than initially expected. As a result, MGM confirmed it […]
Industry
August 16, 2024
MGM, Grupo Globo Form Joint Venture to Enter Brazil’s Betting Market
The leading gaming, betting and hospitality company, MGM Resorts International, announced a major move toward the gambling sector in Brazil. On Thursday, the company announced a new collaboration with Latin America’s largest media group, Grupo Globo, for the formation of a new venture that will seek an iGaming and sports betting license in Brazil. The […]
Industry
August 15, 2024
Fired MGM Resorts Workers File Lawsuits over Vaccination Requirement
The outbreak of the COVID-19 pandemic several years ago disrupted businesses across the globe. The impact of traveling restrictions and reduced capacities for indoor venues affected the gaming and hospitality industry and even the gambling capital of the world, Las Vegas, was impacted. In 2021, when a vaccine was approved, MGM Resorts International was the […]
Industry
August 9, 2024
MGM’s Osaka Integrated Resort May Get Another Setback
Local media outlets in Japan have seen documents from the Bureau International des Exposition (BIE), which oversees the upcoming Expo 2025 or World Fair, as the gathering is colloquially known, which ask for the construction of the integrated resort to be put on pause for six months. Work on MGM Osaka May Halt Because of […]
Business
July 29, 2024
BetMGM Posts Negative H1 EBITDA Amid Investment Year
Gaming and betting giant Entain has published a report concerning the BetMGM brand’s performance in the first half of 2024 (H1). Co-owned by Entain and MGM Resorts International, the operator recorded accelerating momentum through the year. Negative EBITDA Is in Line with Expectations The H1 update highlighted net revenue from operations of 1 billion, up […]
