MGM Resorts

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…

4th January 2021

Entain reveals talks with MGM Resorts over potential mega-merger

Entain, the igaming giant formerly known as GVC Holdings, has confirmed that its US joint venture partner MGM Resorts International has put forward a proposal…

3rd December 2020

The Power of Loyalty

Loyalty programs could be an untapped goldmine for casinos as they take greater control of their online destinies. However, successfully leveraging these player databases is…

3rd December 2020

MGM Resorts raises $700m from MGP units redemption

MGM Resorts International has raised $700m after arranging for real estate investment trust (REIT) MGM Growth Properties (MGP) to redeem 23.5m operating partnership units. The…

5th November 2020

State of the Union: Elections, Scientific Games, Tennessee and more

This week’s State of the Union, in partnership with Segev LLP, covers ballot results in Maryland, Louisiana and South Dakota, the launch of legal sports…

30th October 2020

Chinese restrictions slow MGM Resorts recovery in Q3

MGM Resorts saw its regional US properties begin to recover from their novel coronavirus (Covid-19) shut-down in the third quarter, though continuing restrictions in Macau…

27th October 2020

ESPN veteran Ryan Spoon named BetMGM operations chief

BetMGM, the sports betting joint venture between MGM Resorts and GVC Holdings, has appointed Ryan Spoon as its new chief operating officer.  Spoon most recently…

8th October 2020

MGM offers $750m in unsecured notes to help refinance debts

Land-based giant MGM Resorts will offer $750m in unsecured senior notes to be repaid in 2028 to help it refinance its existing debts. The operator…

23rd September 2020

BetMGM signs up Jamie Foxx for new ad campaign

BetMGM, the betting and igaming joint venture between GVC Holdings and MGM Resorts, has announced that Oscar-winning actor and singer Jamie Foxx will star in…

18th September 2020

BetMGM links up with NFL’s Las Vegas Raiders

BetMGM, the gambling brand operated via the GVC Holdings-MGM Resorts joint venture Roar Digital, has entered into a new partnership with the Las Vegas Raiders…

3rd September 2020

BetMGM becomes first betting partner of NFL’s Detroit Lions

BetMGM, the joint venture between MGM Resorts and GVC Holdings, has been named the first official sports betting partner of National Football League franchise the…

21st August 2020

MGM appoints InterActiveCorp leadership to board

MGM Resorts International has appointed a number of executives from online media giant InterActiveCorp (IAC) to its board of directors. IAC chairman and senior executive Barry Diller…

10th August 2020

Online potential prompts IAC to acquire $1bn MGM stake

Digital media giant InterActiveCorporation (IAC) has acquired a 12% stake in MGM Resorts International, describing the investment as a “once in a decade” opportunity.  IAC,…