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Tag Archives: MGM Resorts

MGM Resorts launches W Las Vegas at Mandalay Bay

MGM Resorts has officially marked the debut of W Las Vegas, transitioning the iconic 1,117-suite tower on the Mandalay Bay campus into the globally recognized W Hotels brand. Starting today, Marriott Bonvoy members can book stays and earn and redeem points at this vibrant destination, now part of the MGM Collection with Marriott Bonvoy.  The introduction of…

High-end baccarat falls for MGM Resorts but sporting calendar to generate extra spend

Despite a downturn in baccarat in Las Vegas, MGM Resorts generated record third-quarter revenues with record results at MGM China seeing record third-quarter net revenue and record third-quarter Adjusted Property EBITDAR. In Las Vegas, MGM generated net revenues of $2.1bn in the current quarter, an increase of one per cent compared to the prior year quarter…

G2E reveals keynote speaker line-up

The Global Gaming Expo has announced that Flutter Entertainment CEO Peter Jackson and MGM Resorts President and CEO Bill Hornbuckle will headline G2E 2024’s Tuesday keynote session ahead of the grand opening of the expo hall.   â€œPeter and Bill are two titans of the gaming industry whose perspectives will illuminate where the industry is headed…

MGM to increase responsible gaming messaging at NFL stadiums

MGM Resorts and BetMGM are once again partnering with the American Gaming Association (AGA) to promote Responsible Gaming Education Month (RGEM 2024) in September. The two companies will execute their responsible gaming campaign at designated National Football League (NFL) stadiums for the second year, with increased exposure for GameSense, GameSense is an industry-leading responsible gaming program…

MGM forms new venture with Grupo Globo to launch BetMGM brand in Brazil

MGM Resorts has formed a new venture in partnership with Grupo Globo, Latin America’s largest media group, to seek a sports betting and iGaming license in Brazil. If its licence is approved later this year, the new venture will launch in Brazil in early 2025 under the BetMGM brand. The new BetMGM-branded venture will align…

MGM reports record second quarter with Macau up 37 per cent

MGM Resorts International generated record net revenues of $4.3bn for the quarter ended June 30, 2024 with Las Vegas accounting for $2.2bn of that total and macau’s revenues up by 37 per cent. MGM’s regional casinos accounted for $927m in the current quarter, which was flat compared to the prior year quarter, whilst MGM China reported revenues of $1bn…

Bellagio seeks approval for US$80m expansion

The Bellagio is set to expand its retail, dining and entertainment offer as part of an US$80m expansion of MGM Resorts’ iconic Las Vegas Strip property. The Bellagio expansion, titled Project Mojave on county planning documents, will add more than a dozen new retail spaces, food and beverage outlets and viewing spaces overlooking the famous…

LeoVegas to buy US sportsbook assets from Tipico

MGM Resorts’ subsidiary, LeoVegas has entered into an agreement to acquire the product and technology platform constituting the US sportsbook and online casino from Tipico Group. This acquisition is the second major investment by LeoVegas, following the acquisition of game developer Push Gaming in 2023. The acquisition will allow LeoVegas to operate a purpose-built proprietary…

MGM enjoys record quarter with Las Vegas and Macau both reaching new highs

MGM Resorts International generated its best ever results in the first quarter of 2024 with Las Vegas strong performance continuing with record 1Q net revenues and MGM China also achieving record quarterly results. Revenues came in at $4.4bn, an increase of 13 per cent compared to the prior year quarter, due primarily to an increase in…