MGM Resorts

11th October 2022

Fritz to lead MGM online growth as interactive president

MGM Resorts International has appointed Gary Fritz as the new president for its interactive business ahead of its pending acquisition of LeoVegas Group. In his…

18th August 2022

MGM Resorts Foundation gives $2.0m to non-profit organizations

MGM Resorts Foundation, the charitable arm of MGM Resorts International, has awarded almost $2.0m worth of grants to non-profit organizations around the US. Funds were…

4th August 2022

Hornbuckle hints at further global expansion as MGM revenue hits $6.12bn in H1

MGM Resorts chief executive Bill Hornbuckle suggested the business may look to expand further into new territories after its deal to acquire LeoVegas closes, after…

27th June 2022

Atlantic City casinos could lose $1m in EBITDA daily during strike, says union

Labour union Unite Here Local 54 has estimated that Caesars Entertainment and MGM each risk losing $1m (£813,153/€943,067) per day in earnings before interest, tax,…

6th January 2022

MGM Resorts to launch revamped rewards programme

MGM Resorts will launch a reimagined and rebranded loyalty rewards programme on 1 February, which it claims will offer “unprecedented” access and new benefits to…

5th November 2021

MGM Growth Properties’ profits decline ahead of acquisition by VICI

Real estate investment trust MGM Growth Properties’ (MGP) revenue remained exactly stable at $194.3m in Q3, while profits dipped, ahead of its $17.2bn sale to…

4th November 2021

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…

27th September 2021

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,…

24th September 2021

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…

5th August 2021

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…

4th August 2021

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…

3rd August 2021

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…

9th June 2021

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…

27th April 2021

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…