Tag Archives: MGM Resorts
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,”…
US – MGM enjoys its best ever quarter on the Las Vegas Strip
MGM Resorts generated record Las Vegas Strip Resorts revenue and Adjusted Property EBITDAR for the quarter ended September 30, 2022 with revenues of $3.4bn compared to $2.7bn in the prior year quarter, an increase of 26 per cent. Bill Hornbuckle, Chief Executive Officer and President of MGM Resorts International, said: “We’re proud to report the…
US – MGM Resorts International promotes Fritz to President of Interactive
MGM Resorts International announced the appointment of Gary Fritz to President of MGM Resorts Interactive. Fritz will oversee and advance MGM Resorts’ diversification strategy by expanding the Company’s digital platforms organically and through acquisitions. This includes driving growth and innovation through the company’s industry-leading sports betting and iGaming platform, BetMGM. “Enhancing and growing our digital…
