MGM Resorts
BetMGM announces RG marketing campaign as US mulls ad ban
Sports betting and igaming operator, BetMGM has announced its plans to include responsible gaming messages in marketing and advertising campaigns, as a bill is proposed…
MGM Resorts sets industry first with UN Water Mandate commitment
MGM Resorts International has become the first gambling business to endorse the United Nations’ CEO Water Mandate, a global coalition of hundreds of companies committed…
MGM Resorts continues winning streak in Las Vegas
MGM Resorts International reported a fifth consecutive record-breaking quarter in Las Vegas during the final three months of 2022. In a trading update for the…
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…
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…
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…
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,…
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…
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…
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…