MGM
MGM revenue falls but property sales increase profits in Q1
MGM Resorts’ revenue fell 29.1% to $2.25bn for the first quarter of 2019 due to the effects of the novel coronavirus (Covid-19), but the operator’s…
State of the Union: Michigan, NY, SBTech, Nevada and more
This week’s state of the union, in partnership with Segev LLP, includes Michigan’s first sports betting figures, while sportsbooks in New York bounced back from…
Former NV governor Sandoval steps down from MGM role
Former Nevada governor Brian Sandoval has stepped down as MGM Resorts’ president of global gaming development in order to apply for the position of president…
MGM revenue declines in first two months of 2020
MGM Resorts issued an earnings update amid the Covid-19 pandemic, reporting that revenue has declined for the first two months of 2020, but net income…
MGM commits $1m to employee coronavirus fund
Casino operator MGM Resorts has announced a number of initiatives to support people in the US impacted financially by the novel coronavirus (Covid-19) pandemic, including…
MGM Resorts names Hornbuckle as acting CEO
Casino operator MGM Resorts International has appointed Bill Hornbuckle as acting chief executive and also named Paul Salem as the new chairman of its board.…
Covid-19 leads to casino closures across US
Casinos have closed, both voluntarily and by law, across the US in response to the ongoing outbreak of the novel Coronavirus disease (Covid-19). The Indiana…
BetMGM goes live in Nevada
BetMGM, the sports betting brand operated by the Roar Digital joint venture between MGM Resorts and GVC Holdings, has gone live in Nevada. The roll…
MLS partners BetMGM for Predict 6 free-to-play game
Major League Soccer (MLS) and MGM Resorts International have launched a new free-to-play prediction game offering players the chance to win up to $50,000. Available…
State of the Union: PA, MGM, Maine and more
This week’s State of the Union, in partnership with Segev LLP, covers a new record month for New Jersey sportsbooks and a major increase in…
Detroit Casinos bring in $120m in January
Detroit’s three commerical casinos brought in $120m in revenue in January 2020, up 7.1% year-on-year, as revenue from each casino increased. This revenue figure was…
MGM revenue increases beyond $12bn in 2019
Revenue at MGM resorts increased 9.6% year-on-year while the sale of the Bellagio resort boosted profits as the operator continues to pivot its business model…
State of the Union: NJ, NY, PA, Detroit and more
In this week’s State of the Union, in partnership with Segev LLP, the two states to benefit most from the repeal of PASPA post their…
MGM Resorts boosted by Chinese growth in Q3
North American gaming giant MGM Resorts saw a 9% rise in revenue in Q3 as it benefitted from growth across its casino properties in the…