MGM Resorts
MGM Resorts revenue doubles in Q3 as it announces Mirage sale plans
MGM Resorts has recorded revenue figures of $2.71bn for the third quarter of 2021, representing a 145.5% increase on the same period last year. The…
MGM to take over operations as Blackstone sells Cosmopolitan for $5.65bn
Private equity giant Blackstone has opted to sell The Cosmopolitan in Las Vegas for $5.65bn, with MGM Resorts taking over operations, while Cherng Family Trust,…
MGM Resorts and BetMGM back AGA’s “Have A Game Plan” campaign
MGM Resorts and BetMGM have become official partners of the American Gaming Association’s (AGA) Have A Game Plan” responsible gambling campaign. The “Have A Game…
MGM posts $227.1m net loss in H1 despite revenue growth
MGM Resorts International reported an overall net loss of $227.1m for the first half of its 2021 financial year despite experiencing a 54.0% year-on-year increase…
VICI to acquire MGM Growth Properties in $17.2bn deal
VICI Properties, the real estate investment trust spun off from Caesars Entertainment in 2017, has agreed to acquire MGM Growth Properties, itself spun off from…
BetMGM partners Cheddar News for new betting show
Entain and MGM Resorts’ online joint venture, BetMGM, has formed a new partnership with digital-first news network Cheddar News to launch Cheddar Bets, a weekly…
MGM names Mandadi first chief strategy, innovation and technology officer
MGM Resorts International has appointed former Disney executive Tilak Mandadi to the newly created position of chief strategy, innovation and technology officer. In the new…
MGM agrees $80m Las Vegas Strip land sale
Casino giant MGM Resorts’ CityCenter subsidiary has reached an agreement with Infinity World Development Corp to sell a two-acre Las Vegas strip site to retail…
BetMGM Q1 revenue reaches 90% of 2020 total as JV aims for $1bn by 2022
Online sportsbook BetMGM recorded revenue of $163m for the first three months of 2021 – 90% of its entire 2020 total. At an investor day…
BetMGM to integrate with GameSense responsible gambling program
BetMGM is to integrate into GameSense, the responsible gambling program licensed to land-based casino operator MGM Resorts International, which owns 50% of BetMGM. Licensed to…
MGM introduces on-site Covid-19 testing in new business meeting plan
Hospitality and land-based gaming giant MGM Resorts has added on-site Covid-19 testing to its health and safety program, designed to facilitate the return of in-person…
MGM Resorts appoints Jeff Mochal to senior communications role
MGM International Resorts has appointed Jeff Mochal as senior vice president of corporate communications while Ayesha Molino, who previously held the role, moves up to…
MGM Resorts and BetMGM launch problem gambling education series
MGM Resorts and its online joint venture BetMGM have announced a commitment to promote responsible gaming within the betting industry, including an employee education series.…
MGM looks to diversify operations following difficult 2020
MGM Resorts lost $1.03bn in 2020 as revenue fell 60.0% to $5.16bn, while chief executive Bill Hornuckle said it would continue efforts to expand its…