Tag Archives: MGM
MGM has enough ‘balance sheet flexibility’ to take on multiple mega projects across the world

CBRE Credit Research has said that despite MGM Resorts beginning land prep works for its almost US$10bn IR in Osaka, Japan, it still has enough financial muscle to embark on projects in Thailand, the United Arab Emirates and New York. MGM’s development in Japan is believed to be costing US$8.18bn, split between MGM and its partners…
US – MGM to celebrate 25 years of Beau Rivage Resort and Casino in style

A celebration like no other is underway in 2024 as Beau Rivage Resort & Casino, MGM Resort International’s crown jewel on the Mississippi Gulf Coast, celebrates its 25th anniversary. The award-winning resort opened its doors to the public on 15 March 1999, and to celebrate, the weekend of 15 and 16 March will offer guests a…
Dubai – MGM’s CEO highlights potential of Dubai casino during G2E conference

Bill Hornbuckle, CEO of MGM Resorts, believes that the United Arab Emirates could introduce up to four casino licences with MGM eyeing possibilities to bring gaming to the MGM Dubai in the region. Speaking at the Global Gaming Conference in Las Vegas last week, Mr Hornbuckle said MGM was developing a ‘podium and pedestal’ that…
US – Cyber attack costing MGM between $4.2m and $8.4m in daily revenue

David Katz, an equity analyst with New York-based Jefferies Group, has said that the cyber attack currently affecting MGM Resorts could be costing the operator between $4.2m and $8.4m in daily revenue. He believes that MGM could be taking a 10 to 20 per cent revenue hit ‘for the days that the current conditions exist.’”’…
US – MGM reports record net revenue with Macau surpassing 2019’s figures

MGM Resorts International achieved an all-time record for consolidated net revenue in its second quarter with MGM China outperforming Macau market recovery with Adjusted Property EBITDAR and net revenues surpassing 2Q19. The company’s Las Vegas Strip Resorts achieved solid results with ADR and occupancy growth year-over-year whilst bookings pace remains up for remainder of 2023. “Beyond MGM’s…
US – MGM given temporary sports betting licenses in MA

During yesterday’s public meeting of the Massachusetts Gaming Commission (MGC) where BetMGM presented and Commissioners reviewed that entity’s application for a sports wagering operator license, Commissioners voted unanimously to find BetMGM preliminarily suitable for a temporary Category 3 sports wagering operator license. MGM Springfield also presented and Commissioners reviewed that entity’s application for a sports wagering operator license, Commissioners voted…
US – MGM Resorts and BetMGM named official partners of American Gaming Association’s Have A Game Plan mission

MGM Resorts International and BetMGM, the joint venture between MGM Resorts and Entain, are proud to join the American Gaming Association (AGA) as official partners of its Have A Game Plan mission. Have A Game Plan aims to promote responsible sports wagering to new consumers and seasoned bettors. This announcement coincides with the AGA’s Responsible…
US – LPGA signs up MGM as betting partner

The LPGA, the world’s leading professional golf organisation for women, has announced a multi-year agreement with BetMGM, who will feature LPGA odds in BetMGM’s diverse betting menu, alongside the PGA Tour, the European Tour and other global leagues and sporting events. Additionally, BetMGM will have rights to use the Official Tour Partner logo in connection…
US – MGM’s President of Global Gaming Development Brian Sandoval to leave company

MGM Resorts International has announced that former Governor and MGM Resorts President of Global Gaming Development Brian Sandoval will be leaving the company to pursue the position of President of the University of Nevada, Reno. “We are grateful to Governor Sandoval for all that he has accomplished in his time at MGM Resorts. He helped…