Mandalay Bay
Vici to acquire remaining stake in MGM Grand and Mandalay Bay JV for $1.27bn
Casino real estate investment trust Vici Properties has agreed to require the remaining 49.9% interest in the joint venture that owns MGM Grand Las Vegas…
MGM names Hornbuckle permanent CEO
MGM Resorts International has named Bill Hornbuckle, its current acting chief executive and president, to those roles on a permanent basis, as well as to…
State of the Union: Las Vegas, Colorado, Detroit and more
This week’s State of the Union, in partnership with Segev LLP, sees casinos in Nevada and beyond reopen, while the latest sports betting figures come…
MGM to reopen Excalibur in Las Vegas on 11 June
MGM Resorts is set to reopen its Excalibur Hotel & Casino property in Las Vegas on 11 June, the operator’s fifth property in the state…
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 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…
Blackstone to acquire MGM Grand and Mandalay Bay for $4.6bn
MGM Resorts International has struck a deal to sell its MGM Grand and Mandalay Bay properties on the Las Vegas Strip to private equity giant…