MGM Resorts

24th February 2023

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…

21st February 2023

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…

9th February 2023

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…

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…