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Business
December 2, 2022
Blackstone Sells Off All Stakes in MGM Grand and Mandalay Bay
Blackstone Real Estate Income Trust, Inc. (BREIT) made an official press release announcing the upcoming sale of its remaining MGM Grand Las Vegas and Mandalay Bay Resort stakes. VICI Properties, which currently owns a 50.1% interest, will acquire the remaining 49.9% interest in the joint venture for a cash consideration of roughly $1.27 billion. VICI […]
Casino
November 11, 2022
MGM Resorts Lends $750M to Macau Subsidiary
MGM Resorts agreed to provide its Chinese subsidiary with a loan of $750 million. The money will help MGM China push through the difficult times caused by the trouble in Macau’s gaming market. MGM Lent $750M to Its Chinese Arm MGM China has been struggling to deal with the ongoing situation in the special administrative […]
Casino
November 8, 2022
MGM Resorts Is Distinguished as a Leading Inclusion Index Company
MGM Resorts has been shortlisted and recognized as one of only 36 companies to achieve full inclusivity across their entire organization. The Leading Inclusion Index Company award was granted to the casino and entertainment company at the 2022 Seramount Inclusion Index, which saw 175 companies apply, but only a handful dozen making the final cut. […]
Casino
November 8, 2022
Hard Rock International to Take Over The Mirage by End of 2022
The iconic Las Vegas hotel and casino The Mirage will finally be changing hands from MGM Resorts International to Hard Rock International following a major deal made between the two companies in December 2021. Hard Rock International Will Take Over The Mirage by the End of 2022 Hard Rock International bought The Mirage from MGM […]
Business
November 3, 2022
MGM Posts Q3 Results, Enjoys 26% Revenue Growth to $3.4bn
The global hospitality and entertainment company, MGM Resorts International, released its latest results, outlining the performance for the third quarter of 2022. MGM Resorts Revenue Soars in Q3 On Wednesday, the company unveiled its unaudited results, acknowledging that it has seen strong growth in the three months ended September 30, 2022. Total net revenues in […]
Business
October 21, 2022
MGM Vows $1M Contribution to Grant a Gift Autism Foundation-Ackerman Center
MGM Resorts International, the leading global hospitality and entertainment company, announced Thursday a new collaboration with the Grant a Gift Autism Foundation-Ackerman Center (GGAF). MGM Partners with GGAF for a New Program Under the terms of the new collaboration, the company pledged $1 million toward a new vocational job placement program. The funding is expected […]
Casino
October 13, 2022
Mandalay Bay Convention Center Receives $100 Million Glow Up
MGM Resorts International, the company managing Mandalay Bay, one of the USA’s biggest convention centers, made an official press release detailing its plans to invest $100 million in a thorough redesign of the complex. The operator aims to create a more vibrant and welcoming atmosphere, bring the convention facility’s technical systems up to date and […]
Business
October 11, 2022
MGM Resorts Brings Gary Fritz to Spearhead Interactive Division
MGM Resorts International has appointed Gary Fritz as its new president of MGM Resorts Interactive. Fritz will be tasked with working on the group’s overall diversification and expansion in various digital platforms over the next years. Growth and Innovation Become Focus of Interactive Arm To achieve this, Fritz will seek to start original initiatives from […]
Industry
October 5, 2022
LeoVegas Group Hires New Sports Strategy Lead
Per Carlander is the new director of sports strategy at LeoVegas Group. The operator recently experienced several notable management-level shifts after its acquisition by MGM Resorts International and had to appoint a new board of directors. Carlander’s appointment likely signifies a further shift towards MGM’s vision for the company. LeoVegas Gains a Reliable and Experienced […]
Industry
September 29, 2022
LeoVegas Unveils New Three-Member Board
At the beginning of September, LeoVegas’ shareholders agreed to the acquisition offer put forward by MGM Resorts International. As a result, the online gambling operator is now preparing for the transition. As a part of the process, LeoVegas elected a new board. LeoVegas Unveils New Board LeoVegas’ new board of directors will have three members, […]
