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Business
October 31, 2024
MGM Posts Record Q3 Metrics, Reports Share-Buyback Progress
MGM Resorts International posted its Q3 report, outlining record-breaking revenue figures. The quarter also saw MGM make progress with its share buyback program. The Company’s Metrics Surged In the third quarter of the year, the international casino and hospitality powerhouse reported record-breaking results, underpinned by high hotel occupancy. Consolidated net revenues hit $4.2 billion, marking […]
Casino
October 21, 2024
MGM and Marriott to Launch First W Hotels Property on the Strip
Casino & hospitality giants MGM Resorts International and Marriott International have unveiled plans to bring the W Hotels brand to the Vegas Strip. To that end, one of MGM’s local properties will be converted to the brand, in line with the two companies’ existing partnership. MHM Expands Its Collaboration with Marriott The conversion should be […]
Business
October 17, 2024
J.P. Morgan Analyst Lowers MGM Resorts Projections for 2025
J.P. Morgan, an American multinational finance company, has lowered its projections for MGM Resorts International. In an investor note published on October 15, analyst Joseph Greff attributed the trimmed cash-flow projections to a variety of setbacks. The Analyst Expects the Company to Lose Market Share in Macau Greff cited uneven performance for MGM Resorts, sharing […]
Casino
October 8, 2024
Massachusetts Sheriff Takes Responsibility for DUI Arrest and Fallout
Hampden County Sheriff Nick Cocchi faced legal troubles and job-related fallout after cops arrested him on September 21, 2024, at MGM Springfield. Beloved Sheriff Nick Cocchi Charged with Drunk Driving at Casino Incident The beloved Massachusetts sheriff was charged with drunk driving after he drove a state-owned vehicle, which was missing a tire, to the […]
Business
October 3, 2024
Despite Headwinds for MGM, Analyst Sees Long-Term Growth Potential
MGM Resorts’ shares marked a more than 10% decrease year-to-date as of the market close on Wednesday. Despite the decrease and other short-term challenges an expert is optimistic about the company’s long-term growth prospects. MGM Faces Short-Term Challenges Carlo Santarelli, an analyst with Deutsche Bank, who was recently quoted by Casino.org, spoke about the company’s […]
Legal
September 26, 2024
Police Arrest Beloved Sheriff for Drunk Driving Near Casino
A beloved Massachusetts sheriff has found himself in trouble after driving under the influence of alcohol. He was arrested outside a local casino and charged on Monday. While the man admitted he was guilty, he received overwhelming support from the local community. Sheriff Cocchi Was Arrested for Drunk Driving Hampden County Sheriff Nick Cocchi is […]
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 […]
