MGM
MGM Resorts expects $100m hit from cyberattack
MGM Resorts International expects last month’s cyberattack to have a negative impact of $100.0m on its adjusted property EBITDAR for the third quarter. The operator…
MGM returns to Q1 net profit after revenue rises 35.8%
MGM Resorts International returned to net profit in the first quarter of its 2023 financial year after year-on-year growth across all operating segments pushed revenue…
MGM and BetMGM launch first omni-channel slot experience for US players
MGM Resorts International, together with its BetMGM joint venture with Entain, have launched a new omni-channel slot experience for players in the US. Developed in…
MGM completes $450m sale of Gold Strike Tunica
MGM Resorts International has completed the sale of the operations of Gold Strike Tunica Resort in Mississippi to CNE Gaming Holdings, a subsidiary of Cherokee…
BetMGM targets $2.0bn net revenue in 2023 after exceeding FY targets
BetMGM, the joint venture between Entain and MGM Resorts International, is “confident” of achieving up to $2.00bn in net revenue in 2023 after exceeding financial…
Hard Rock completes $1.08bn Mirage purchase from MGM
Hard Rock International has completed the acquisition of the Mirage Hotel & Resort in Las Vegas, Nevada from MGM Resorts International for $1.08bn. The deal…
PlayStar receives $15m growth investment
PlayStar has received a $15m (£12.1m/€14.1m) equity investment from Meyer Global Management, which will support the operator in its US expansion and further growth plans.…
MGM to fight for BetMGM amid DraftKings-Entain merger talks
MGM Resorts International says it has no intention of selling its stake in BetMGM, as joint venture partner Entain is courted by DraftKings. Entain –…
Detroit casino revenue dips to $113.8m in August
Michigan’s three commercial casinos in Detroit brought in a combined $113.8m in revenue in August, down 2.7% from July. The figure was up 64.2% from…
Caesars and MGM return to full capacity as Las Vegas Covid-19 measures eased
Caesars Entertainment and MGM Resorts International have become the latest operators to secure approval to return to full capacity at their land-based casinos in Las…
Michigan betting and igaming revenue grows to $127.4m in March
Online betting and gaming operators in Michigan brought in $127.4m in March, a 42.8% month-on-month increase in the second full month of online activity, thanks…
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…
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.…
Ex-MGM CEO Murren targets gaming industry with second SPAC
Former MGM Resorts chief executive Jim Murren has launched a second special purpose acquisition company (SPAC), Acies Acquisition II, with plans to acquire a gaming…