Tag Archives: MGM
Japan – Japanese brokerage firm Nomura tips MGM for Japanese success
Japan-based brokerage firm is tipping MGM Resorts to be one of the main winners in the race for the first three Japanese Integrated Resort licences, claiming that its experience in developing successful working partnerships. Companies bidding for one of the Japanese licences will need to secure a local partner for their bid. Nomura analysts Harry…
US – MGM and GVC to help run sports betting for Californian tribe
MGM GVC Interactive, the joint venture owned by MGM Resorts and GVC Holdings, has partnered with the United Auburn Indian Community (UAIC) in a first-of-its-kind partnership for the joint venture in both California and with the Indian Community. The agreement follows the recent decision by the U.S. Supreme Court to overturn PASPA (the Professional and…
US – MGM and GVC to create sports betting joint venture
MGM Resorts is forming a 50/50 joint venture with GVC Holdings, owner of the Ladbrokes, Coral and Sportingbet brands, to develope a world-class sports betting and online gaming platform in the United States. Both partners will put $100m into establishing a separate headquarters to be located in a major US technology hub, select a leadership…
US – MGM completes purchase of Rocksino Northfield Park
MGM Growth Properties has completed the previously announced acquisition of the Hard Rock Rocksino Northfield Park for approximately $1.06bn from Milstein Entertainment. MGP funded the acquisition with cash on hand and borrowings under its senior secured credit facility. “We are excited about the addition of the market leading Hard Rock Rocksino to our portfolio. This…
US – MGM to open Washington office
MGM Resorts International has announced plans to expand its policy footprint at the federal level. With the opening of MGM National Harbor in Maryland and the continued expansion of the organization to over 71,000 employees in locations nationally and internationally, an expanded Washington, D.C. presence will better support the company’s overall public policy efforts. The…
US – MGM lifts the lid on The Park
MGM Resorts International has now launched The Park, a vibrant outdoor dining and entertainment district celebrating the beauty of the surrounding desert landscape and offering visitors a new way to experience the Las Vegas Strip. Located between New York-New York and Monte Carlo resorts, The Park is designed to become a social gathering space where…
US – Eldorado completes Silver Legacy buyout
Eldorado Resorts has completed the previously announced purchase of MGM Resorts International’s 50 per cent interest in the Silver Legacy Resort Casino Reno, as well as the assets of Circus Circus Reno, for $72.5m cash plus a working capital adjustment. The Silver Legacy is a Nevada mining themed hotel-casino and entertainment complex which features an…
US – AGA and MGM lock horns with Adelson over online
With Las Vegas Sands owner Sheldon Adelson cranking up his highly publicised stance against online gambling in recent weeks, the American Gaming Association and MGM Resorts have forged the Coalition for Consumer and Online Protection to fight back. The new coalition aims to counter Mr. Adelson’s lobbying of the US Congress to ban all types…
US – June 2014 set for MGT’s infringement case
The US District Court of Mississippi Southern District will hear the patent infringement court case brought by MGT Gaming against WMS Gaming, Aruze, Caesars, MGM and Penn National on June 5 next year. MGT’s majority-owned subsidiary, MGT Gaming, filed a complaint claiming patent infringement against multiple companies that it believes are violating MGT Gaming’s United States Patent…
