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Casino
June 25, 2021
MGM Gets the Green Light to See MGM Springfield Real Estate to Its REIT
Real estate investment trusts (REIT) are good business. They get to assume little risk and, in return, receive huge rewards. They can, in the majority of the cases, be beneficial to the companies with which they work, as well, as these can lower costs associated with maintaining the property. MGM Growth Properties is one of […]
Casino
June 24, 2021
$3m Online Roulette Payout Refused by BetMGM Due to Glitch
BetMGM is facing a potential lawsuit from an online casino player after refusing to pay millions in winnings, claiming there was a glitch in the game. Become a Millionaire in 5 Days Starting March 18, Jacqueline Davis played the Luck O’ Roulette online fixed-odds game for five days straight, experiencing the ups and downs that most gamblers experience. However, she […]
Casino
June 21, 2021
A Small Plot on the Las Vegas Strip Sells for $80 Million
Brett Torino, a Las Vegas developer, has bought a small plot in CityCenter, $80 million, and plans to build a retail complex. Brett Torino Buys a Small Plot on the Strip for $80 Million Las Vegas developer Brett Torino started talks to buy a site on the Las Vegas Strip a year ago. Now he has a […]
Business
June 21, 2021
MGM Injects $500m to Upgrade Yonkers Raceway
Out with the old, in with the new is becoming fashionable in a post-COVID-19 environment, especially in the gambling ecosystem. A number of casino operators are breathing new life into their old properties as they emerge from the coronavirus destruction, hoping that fresh fixtures and amenities will quickly attract the crowds. New York’s Yonkers Raceway […]
Casino
June 11, 2021
Industry Analysts Bullish on Caesars Entertainment and MGM Resorts As Vegas Recovery Gains Steam
Casino operators in the US are close to partying like it’s 2019, but they’re not there quite yet. Revenue levels are rebounding following a disastrous 2020 caused by COVID-19 and recovery is coming quicker than what was previously expected. Soon, casino operators could find their revenue matching that of 2019, and industry analysts believe that […]
Business
June 9, 2021
MGM Hires Tilak Mandadi as Chief of Strategy, Innovation and Technology
Tilak Mandadi, an industry veteran who worked for Disney and American Express is joining MGM Resorts. In his new position, as of July 6, he will serve as chief of strategy, innovation, and technology. Tilak Mandadi to Join MGM in July MGM Resorts International announced on Tuesday that it hired the services of Tilak Mandadi. […]
Casino
June 9, 2021
MGM Resorts-backed Venture to Launch the MGM Name in China
The Diaoyutai State Guesthouse in China has played host to foreign dignitaries like Vladimir Putin, Kim Jong-un, Theresa May, Richard Nixon and others since it opened in the 1950s. It is also the former home of China’s Cultural Revolution, which lasted from 1966 to 1976. While that cultural revolution had a completely different goal in […]
Casino
May 13, 2021
MGM Ready for a Full Return in Vegas, Including Additional Fees
As pockets of new COVID-19 cases pop up around the world, there has still been significant improvement in battling the pandemic. The casino industry has been waiting a year to be able to return to normal and, although some parts of the industry are still going to have to wait a little longer, Las Vegas […]
Legal
May 10, 2021
Borgata, Ocean Casino Bury the Hatchet in Trade Secret Lawsuit
The Borgata in Atlantic City is calling off its fight against Ocean Casino Resort. The MGM Resorts International property went after its city rival in August of last year, launching accusations of poaching and attempted theft of trade secrets. The two have now reportedly buried the hatchet, ready to dedicate their resources to getting Atlantic […]
Casino
May 6, 2021
Maryland Casinos Pick Up Steam as April Revenue Reaches third-best on Record
Maryland gamblers’ thirst for casino visits during the COVID-19 pandemic has been successfully quenched. If the results from last month are any indication, the state’s gaming industry could be set to enjoy a rapid rebound after having to deal with a horrific 2020 that saw casinos shuttered or operating at significantly reduced capacities for much […]