Tag Archives: MGM Resorts
US – MGM tweaks phone rules to accommodate gaming content on social media
Following a rise in gambling-related content on social media, MGM Resorts is tweaking its rules regarding customers taking photos or videos close to gaming tables at its casinos in Nevada. The move is expected to appeal to the TikTok/Instagram generation. Players will now be able to take photos, videos and stream as long as the broadcasting doesn’t…
US – MGM Resorts secures seventh consecutive quarterly record
MGM Resorts generated net revenues of $3.9bn, an increase of 36 per cent for the quarter ended March 31, 2023, with its Las Vegas Strip resorts securing record 1Q Adjusted Property EBITDAR, up 41 per cent to mark the company’ s seventh consecutive quarterly record. The current quarter benefited from the inclusion of the operating results of…
UK – MGM Resorts’ subsidiary LeoVegas to buy Push Gaming
MGM Resorts International has announced that its wholly owned subsidiary, LeoVegas, has entered into an agreement to acquire the majority of game developer Push Gaming Holding Limited and its subsidiaries, and the future operating commitment of the founding management team. Push Gaming is an industry-leading innovative creator of highly entertaining digital games for betting and gaming…
US – Extra tables to see MGM China hit pre-pandemic mass gaming levels first
Morgan Stanley believes MGM China and Wynn will lead the charge of Macau’s casinos return to pre-pandemic mass gaming revenues. MGM thas the added advantage of having an extra 197 new gaming tables which came into operation at the start of the year, taking its total to 750 tables compared to 553 before the pandemic….
US – MGM Resorts and BetMGM unveil omnichannel slot experience for land-based and online
MGM Resorts International and BetMGM, a leading sports betting and iGaming operator, have launched MGM Riches, the companies’ first custom slot experience that can be played both online via BetMGM and as a traditional slot game at MGM Resorts properties throughout the US. “MGM Riches is designed to engage and entertain our slot customers wherever they choose to…
US – Empire City Casino adds 1,000 new slots making it sixth biggest US gaming floor
Empire City Casino by MGM Resorts announced the addition of more than 1,000 new state-of-the-art games to its gaming floor, the sixth largest casino floor in the country and the largest in the MGM Resorts portfolio. The upgrade delivers a new experience for guests offering the most recently released titles in gaming, and replaces almost twenty…
US – MGM reports 36 per cent improvement in revenues in 2022 with Las Vegas up 77 per cent
MGM Resorts saw a 36 per cent improvement in revenues throughout 2022 with net revenues of $13.1bn with the group’s Las Vegas casinos reporting a 77 per cent increase in year-on-year revenue. Las Vegas saw revenues of $8.4bn in the current year compared to $4.7bnin the prior year, boosted by the inclusion of The Cosmopolitan of Las Vegas, which…
Japan – S&P Global Ratings pitches MGM’s spend in Japan at between US$2bn and US$2.5bn
S&P Global Ratings believes that MGM Resorts’ cost for its integrated resort in Yumeshima, Osaka, Japan, which it is hoping to open in 2029, could be between US$2bn and US$2.5bn. The consortium fronted by MGM Resorts and ORIX, has previously said it will spend big in Osaka to guarantee its success in the race for…
US – MGM Resorts recognised for work on climate change and water security
MGM Resorts International has been recognized for leadership in corporate transparency and performance on climate change and water security by global environmental non-profit CDP, securing a place on the organization’s annual A List. “This marketplace recognition by CDP is a reflection of our ongoing strategic prioritization of sustainability across our business operations and supply chain,”…
