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Casino
September 29, 2022
MGM Resorts Hires ExteNet Systems for 5G Connectivity
Provider of LTE/5G wireless and fiber-neutral host communications infrastructure ExteNet Systems signed a partnership with MGM Resorts International to build and operate advanced in-building signal and connectivity solutions across MGM properties nationwide. Help Elevate Guest Experience The groundbreaking partnership between MGM Resorts and ExteNet will see the communications infrastructure solutions supplier bring a new distributed […]
Industry
September 23, 2022
Six Operators Pledge to Be More Responsible
Six of the most esteemed gambling operators in the United States have joined forces to fight against gambling harm. The companies have pledged to be more responsible and protect their customers. Operators Will Work for a Safer Gambling Market The six operators in question are BetMGM, DraftKings, Bally’s Corporation, MGM Resorts, Entain and FanDuel. All […]
Casino
September 23, 2022
Class Action Lawsuit Alleges MGM Shortchanges Players for Millions
Shortchanging is when somebody is cheating by giving back less change than the transaction requires, so usually, we’re talking about a few cents or a few bucks at the very most. However, when it’s on the scale of an MGM gambling hall, that could mean potentially millions of dollars, as a new class action lawsuit […]
Casino
September 22, 2022
MGM Confident It Will Get New Casino License in Macau
MGM Resorts International, which has held a Macau casino license for the past 20 years, is confident it will acquire a license again in the new tender for casino concessions, which will be valid for the next 10 years. The Macao SAR Government announced the new tender at the end of July. MGM Is Among […]
Industry
September 14, 2022
MGM Resorts Welcomes Adams as Brand Ambassador
American global casino and hospitality giant MGM Resorts announced a new deal with Davante Adams, a professional NFL wide receiver for the Las Vegas Raiders. According to the agreement, Adams will promote MGM Resorts’ brand as a brand ambassador. Adams Joins MGM as a Brand Ambassador Adams is notably the first active NFL player MGM […]
Business
September 1, 2022
LeoVegas Shareholders Vote Overwhelming in Support of MGM Offer
MGM Resorts will be completing the acquisition of LeoVegas after 96% of the latter’s shareholders accepted the takeover bid which is due to complete on September 7. The public offer tabled by the US-based hospitality and entertainment group is valued at SEK61 ($5.72) per share and the deal is estimated at $604 million presently, below […]
Industry
September 1, 2022
MGM Resorts and BetMGM Commit to Responsible Gambling Education Month
MGM Resorts and BetMGM have vowed to promote and spearhead a new initiative focused on responsible gambling during Responsible Gambling Education Month or RGEM for short. September is designated as a month focused on raising awareness about the hidden dangers of the gambling industry which could have ruinous consequences for vulnerable consumers who fall into […]
Business
August 29, 2022
MGM Stock Remains a Buy Option for WSJ Analyst
Casino stocks have been associated with slumping performance over the past two years, but most assets have rallied magnificently, despite facing multiple challenges on the international market. Going global has been a strong diversification strategy and a risk for some companies, but the bid has mostly paid off. Macau to Not Put Dent on MGM […]
Business
August 29, 2022
MGM Resorts’ Shareholder IAC Increased Stake to 16.5%
MGM Resorts International announced in a filing to the Securities and Exchange Commission (SEC) that the digital media and internet services company InterActiveCorp (IAC) has increased its stake in the business. Buying when the Market Is Down According to the regulatory filing under Schedule 13D/A, the business led by mogul Barry Diller has been actively […]
Casino
August 24, 2022
MGM Expects Osaka IR to Contribute $775M to Taxes
MGM Resorts expects its Japanese integrated resort to contribute a stellar $775 million to local taxes. Ed Bowers, president of global development at MGM Resorts International, revealed more on the matter. MGM Plans to Build a Huge Integrated Resort in Osaka During the opening day of G2E Asia 2022, Bowers spoke about the company’s business […]
