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Business
February 16, 2023
MGM Resorts International Sells Gold Strike Tunica to CNE Gaming for $450M
The NYSE-listed Standard and Poor’s 500 international entertainment company has inked the transaction for $450 million in cash received from the Cherokee Nation Businesses’ subsidiary. The company with an impressive portfolio consisting of 31 global hotel and gaming destinations used Weil, Gotshal & Manges LLP as a legal counsel to complete the sale. MGM Resorts, Ready […]
Business
February 9, 2023
MGM Q4 2022 Results Reveal Record Quarter for Las Vegas Properties
MGM Resorts International saw a significant boost in its earnings for the year 2022 with a revenue of $13.1 billion, a surge of 36% from the previous year’s $9.7 billion. This figure encompasses the financial results of several properties, including the newly acquired Cosmopolitan in Las Vegas, and the full-year operations of Aria and Vdara. […]
Casino
February 8, 2023
MGM’s Empire City Casino New York Revamps Gaming Floor
On Tuesday, the company confirmed that more than 1,000 new state-of-the-art games were added to the gaming floor of the casino. Thanks to the newly revamped gaming floor, Empire City Casino can now deliver new and unique engaging experiences for its visitors. Bringing popular new hits, the location replaces nearly 20% of its slot and […]
Industry
January 27, 2023
MGM Resorts and NFLPA Ink Events and Hospitality Deal
As announced by the two companies, the deal will see them work on creating new activations featuring NFL stars and exciting fan experiences for NFL fans. MGM Resorts and the NFLPA Will Host Special Events Under the terms of the new multi-year partnership, the leading casino and hospitality company will work with the NFLPA on […]
Casino
January 23, 2023
CEO Hornbuckle Commits to Reviving MGM Springfield
Mass Live reported that the city of Springfield was promised three thousand jobs by MGM when they were granted the license to construct their $1 billion resort. This number is recorded in the host community agreement between MGM Resorts International and the city. However, this number may not be realistic, according to MGM Resorts International […]
Business
January 23, 2023
MGM Reportedly Plans Business Combination with Entain
A recent report released by one of the leading financial service providers in the world, Deutsche Bank, suggests that a combination between Entain and MGM Resorts is possible and even represents a “fairly obvious combination.” According to analysts, a combination of the duo is likely to receive the support of shareholders. Founded in 1986, MGM’s […]
Casino
December 20, 2022
The Mirage Is Officially under New Management
Hard Rock International’s year-long acquisition of The Mirage Hotel & Casino in Las Vegas finally concluded several days after Nevada’s gambling regulator gave the green light. The $1 billion deal is only the start of Hard Rock’s plans for the property. The entertainment and hospitality company will invest a significant sum in renovations, eventually rebranding […]
Casino
December 20, 2022
MGM Resorts to Invest $2B in Macau Following New Concession
International casino operator MGM Resorts has announced its plans to invest two extra billion in its Grand Paradise casino in Macau, China. Despite the recent setbacks experienced by the special administrative region’s gaming industry, MGM Resorts continues to firmly believe in the region’s potential. MGM Resorts Will Support Its Macau Subsidiary MGM Resorts’ Chinese subsidiary, […]
Legal
December 20, 2022
MGM Springfield Gets Green Light for Massachusetts Sports Betting
MGM Springfield is the second casino in the Bay State to have cleared the bar for a sports betting license from the Massachusetts Gaming Commission, which did not come without its challenges. For one, MGM Springfield missed a deadline which forced the commission to postpone a vote. MGM Springfield’s License: Long Time in the Making […]
Business
December 15, 2022
MGM Springfield Criticized for Number of Employees, Amenities
MGM Springfield is one of the three casinos in Massachusetts. The property opened back in August 2018 and it’s drawing closer to its five-year anniversary with each passing month. However close to this watershed, a new report reveals that the casino is yet to introduce more amenities and hire as many employees as initially agreed […]
