MGM Resorts

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…

22nd April 2021

BetMGM Q1 revenue reaches 90% of 2020 total as JV aims for $1bn by 2022

Online sportsbook BetMGM recorded revenue of $163m for the first three months of 2021 – 90% of its entire 2020 total.  At an investor day…

20th April 2021

BetMGM to integrate with GameSense responsible gambling program

BetMGM is to integrate into GameSense, the responsible gambling program licensed to land-based casino operator MGM Resorts International, which owns 50% of BetMGM. Licensed to…

8th April 2021

MGM introduces on-site Covid-19 testing in new business meeting plan

Hospitality and land-based gaming giant MGM Resorts has added on-site Covid-19 testing to its health and safety program, designed to facilitate the return of in-person…

30th March 2021

MGM Resorts appoints Jeff Mochal to senior communications role

MGM International Resorts has appointed Jeff Mochal as senior vice president of corporate communications while Ayesha Molino, who previously held the role, moves up to…

9th March 2021

MGM Resorts and BetMGM launch problem gambling education series

MGM Resorts and its online joint venture BetMGM have announced a commitment to promote responsible gaming within the betting industry, including an employee education series.…

11th February 2021

MGM looks to diversify operations following difficult 2020

MGM Resorts lost $1.03bn in 2020 as revenue fell 60.0% to $5.16bn, while chief executive Bill Hornuckle said it would continue efforts to expand its…

4th January 2021

MGM confirms Entain merger proposal but “no certainty” of firm offer

Land-based giant MGM Resorts International has confirmed that it has put forward an offer to acquire igaming operator Entain, formerly known as GVC Holdings, but…