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Should BetMGM Be Forced To Pay $250,000 In Past-Post Bets?

Should BetMGM be forced to pay out on bets that were placed after the event had started, thus giving the bettor a material edge? That’s the question the Nevada Gaming Control Board is currently trying to answer. As first reported by ESPN, bettors won nearly $250,000 on Asian baseball games at Bellagio betting terminals.

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MGM Resorts

9/17/2020

article Where Will MGM Resorts Be in 5 Years with IAC's Help?
(Wall Street) -- MGM Resorts International (NYSE:MGM) has been as hard hit by COVID-19 as anyone. Its properties were shuttered globally and its revenues abruptly...

9/14/2020

article MGM Resorts Completes Reopenings Of Properties Worldwide With Return Of Park MGM And NoMad Las Vegas On September 30
(Las Vegas) -- MGM Resorts International (NYSE: MGM) announced today that Park MGM and NoMad Las Vegas will open their doors on September 30, completing the reopening of...

9/9/2020

article Last closed MGM Resorts hotel-casino on Las Vegas Strip expected to open in October
(Las Vegas) -- MGM Resorts expects to open Park MGM – the company's last shuttered hotel-casino on the Las Vegas Strip – in mid-October. That's...

9/1/2020

article MGM announced layoff of 18,000 workers
(Las Vegas) -- International will lay off 18,000 of its furloughed workers. The layoffs are due to the prolonged state of quarantine. Additionally, as part of MGM’...

8/31/2020

article MGM to cut 1,100 workers at Detroit casino as part of massive company layoffs
(Michigan) -- Las Vegas-based MGM Resorts International is planning to layoff 1,100 workers at the MGM Grand Detroti casino and hotel as the ongoing COVID-19 pandemic...

8/30/2020

press release In a week of layoffs in the US, MGM Resorts adds 18,000 more
(Las Vegas) -- MGM Resorts is laying off 18,000 people as an unchecked pandemic leaves economic scars across a broad swath of U.S. industries, particularly those that...

8/29/2020

article Job cuts at MGM, Coca-Cola, Boeing herald economic pain ahead
(USA) -- Global corporations have announced more than 200,000 job cuts or buyouts in recent weeks, a worrying sign that more losses will come as furloughs implemented...

8/28/2020

article MGM Resorts to Lay Off 18,000 Amid Slow Comeback for Casinos
(Las Vegas) -- MGM Resorts International is sending pink slips to about 18,000 employees, more than one-quarter of its pre-pandemic U.S. workforce, due to the slow...

8/26/2020

article Mirage to open tomorrow as MGM takes another step forward
(Wall Street) -- MGM Resorts (MGM -0.2%) is reopening the iconic Mirage casino resort tomorrow as it prepares the property for what is expected to be a pretty strong...

8/24/2020

press release Las Vegas’ first modern megaresort the Mirage reopens this week
(Las Vegas) -- Just in time for Labor Day weekend when Las Vegas visitation is expected to get a significant bump, MGM Resorts is reopening the casino resort that...

8/22/2020

article MGM Resorts: Barry Diller And Joey Levin Join Board Following $1 Billion Investment
(Las Vegas) -- Following a $1 billion investment in MGM Resorts International (NYSE: MGM), IAC/Interactivecorp (NASDAQ: IAC) is adding two of its leaders to the board of...

8/20/2020

article MGM appoints IAC leadership, including media mogul Barry Diller, to company’s board
(Wall Street) -- The top two leaders of IAC/InterActiveCorp, a little more than a week after the company invested more than $1 billion into MGM Resorts International,...

8/18/2020

article MGM Casino Gets Most Claims Cut From Wrongful Death Suit (sub req)
(Maryland) -- A Maryland federal judge has partially granted an MGM casino and hotel's request to toss claims brought by a woman whose husband suffered cardiac arrest...

8/14/2020

article MGM Resorts: Risks and Opportunities?
(Wall Street) -- It was a rough second quarter for MGM Resorts (NYSE: MGM) this year as revenues dropped by 91% (y-o-y) and operating losses reached $1 billion. The...

8/11/2020

article 'It has to be unique!' Prince Albert's intense struggle with making Monaco the best
(Monaco) -- Monaco has built a reputation for its glitz and glamour. Any number of pictures from the Fifties through to the Nineties can be found to show the rich and...
article Having Won Big On Dating Sites, Barry Diller’s IAC Is Betting $1 Billion On Online Gaming
(Wall Street) -- Barry Diller’s online conglomerate IAC/InterActive announced a $1 billion investment in hospitality and gambling giant MGM on Monday.

8/10/2020

article Aroostook County tribe will expand food pantry services during pandemic
(Maine) -- A Native American tribe in Maine plans to expand its food pantry services as it responds to the coronavirus pandemic. The Houlton Band of Maliseet Indians has...
article Barry Diller's IAC Takes $1 Billion Stake in MGM Resorts With Eye on Online Gaming
(Wall Street) -- Barry Diller’s IAC/InterActive said Monday it had taken a 12 percent interest in global hospitality and entertainment company MGM Resorts...
article MGM Stock Jumps After Barry Diller Makes a ‘Compelling’ Investment in Online Gambling
(Wall Street) -- MGM Resorts International stock was soaring Monday after attracting a new, and somewhat unusual, investor. Shares of MGM Resorts (ticker: MGM) popped 20...

8/9/2020

article MGM, desperate for cash, launches “Work From Vegas” program
(Las Vegas) -- For decades, Las Vegas has attracted vacationers with its casinos, clubs and restaurants. Now, one desperate hotel operator wants to bring in the work-...

8/7/2020

article MGM Resorts' new 'Work From Vegas' package lets you work from a poolside cabana and includes your own 'executive assistant'
(Las Vegas) -- MGM Resorts in Las Vegas is introducing a new program encouraging travelers to book a hotel room and "Work From Vegas." The "Viva Las...
article Bowie steps down as MGM China executive director
(Macau) -- Grant Bowie has resigned as an executive director of Macau casino operator MGM China Holdings Ltd. He will remain linked to the company under an advisory role...

8/6/2020

article MGM Resorts' 'Work from Las Vegas' travel package comes with an executive assistant
(Las Vegas) -- MGM Resorts is now luring business professionals to resorts with ‘Work from Vegas’ travel packages that include discounted jet service, rooms as cheap as...

8/4/2020

article MGM Growth says hotel-casino tenants paying rent ‘in full and on time’
(Wall Street) -- The CEO of MGM Growth Properties — which acts as landlord for a number of MGM hotel-casinos — said the company sits in a “very...

7/31/2020

article MGM Resorts Turns to Loss, but Business Fundamentals ‘Remain Intact'
(Wall Street) -- MGM Resorts International (NYSE:MGM) missed Wall Street estimates on the top line, in the second-quarter results it released yesterday, but beat on the...
article No surprise: With properties closed, MGM Resorts sees net loss of $857 million in Q2
(Las Vegas) -- Casino giant MGM Resorts International which closed its entire casino portfolio over six states in the middle of March due to the coronavirus pandemic...
article New MGM CEO Hornbuckle receives a pay increase, but won’t see it until 2021
(Las Vegas) -- Newly appointed MGM Resorts International CEO Bill Hornbuckle earned a pay increase, but he won’t see it until next January. In a filing with the...

7/30/2020

article MGM Resorts reports $1 billion operating loss in Q2
(Las Vegas) -- A sustained shutdown of MGM Resorts properties in the wake of COVID-19 contributed to a second quarter operating loss of $1 billion. That's a steep...
article Casino operator MGM Resorts' revenue falls 91%
(Las Vegas) -- MGM Resorts International posted a 91% decline in quarterly revenue, the latest casino operator to reveal the continuing financial blow of pandemic...
article MGM Resorts reports $1 billion operating loss in Q2
(Las Vegas) -- A sustained shutdown of MGM Resorts properties in the wake of COVID-19 contributed to a second quarter operating loss of $1 billion. That's a steep...

7/29/2020

article No more ‘acting,’ Hornbuckle named permanent CEO of MGM Resorts
(Las Vegas) -- Bill Hornbuckle took on the role of MGM Resorts International’s acting CEO five days after the company closed its nationwide casino portfolio in...
article MGM Resorts Makes Interim Chief Its Permanent CEO
(Las Vegas) -- MGM Resorts International said Wednesday acting Chief Executive Officer Bill Hornbuckle will take the top position on a permanent basis, sticking with the...

7/28/2020

article MGM Cancels Shows Through August
(Las Vegas) -- MGM Resorts was hoping to open up the entertainment arm of their operations by August 1st, but a letter sent out to employees on Monday dashed those plans...

7/27/2020

article Why MGM Resorts Is Falling Today
(Wall Street) -- What happened: Shares of MGM Resorts were falling over 6% in afternoon trading Monday after Las Vegas casinos notified their staff that if they weren...

7/16/2020

article New GVC chief executive signals focus on growth for Roar Digital’s BetMGM presence
(UK) -- The CEO of GVC Holdings – MGM Resorts International’s 50% partner in Roar Digital – stepped down Thursday, but one analyst said his replacement...

7/15/2020

article MGM highlights procedures for safe reopening of casino
(Massachusetts) -- The number to remember when it comes to MGM Springfield’s reopening is “one-third:” there will be one-third of the employees, one...
article MGM Resorts International Announces Second Quarter 2020 Earnings Release Date
(Las Vegas) -- MGM Resorts International (NYSE: MGM) will release its financial results for the second quarter 2020 after the market closes on Thursday, July 30, 2020....

7/10/2020

article MGM National Harbor’s Next Big Restaurant Is a Tequila-Pouring Mexican Spot From Vegas
(Las Vegas) -- MGM National Harbor is replacing the restaurant space that Fish by José Andrés left behind with a new location of Diablo’s Cantina, a margarita-...
article Photos: Jim Murren’s $10.5 million Las Vegas home is on market
(Connecticut) -- The 13,000-square-foot Las Vegas estate of gaming industry veteran Jim Murren is on the market, listed at $10.5 million. Owned by Murren and his wife,...

7/9/2020

article Deal between BetMGM and Denver Broncos includes stadium lounge, mobile game
(Colorado) -- Mobile wagering platform BetMGM and the NFL’s Denver Broncos announced a multi-year partnership Thursday that will include a BetMGM Lounge at Empower...

7/7/2020

article Should BetMGM Be Forced To Pay $250,000 In Past-Post Bets?
(Nevada) -- Should BetMGM be forced to pay out on bets that were placed after the event had started, thus giving the bettor a material edge? That’s the question the...

7/6/2020

article MGM Resorts Bellagio Error Likely the Largest Sportsbook Loss
(Las Vegas) -- MGM Resorts International MGM is likely to have witnessed largest sportsbook loss in Las Vegas history on bets made after an event is underway according...

7/3/2020

article MGM CEO tells staff ‘no cheating’ on coronavirus safety precautions
(Nevada) -- MGM Resorts International has launched an internal campaign reminding workers to follow new health and safety protocols at all times, not just at work.

6/24/2020

article MGM Resorts, Caesars Entertainment will now require all guests to wear masks
(Las Vegas) -- All guests inside Caesars Entertainment and MGM Resorts properties must now wear face coverings at all times unless they're eating or drinking. The...
article Why MGM Resorts Stock Fell 6% Today
(Wall Street) -- Shares of casino operator MGM Resorts International fell roughly 6% in early trading on Wednesday. This move, however, needs to be put into a broader...

6/15/2020

article MGM Resorts: Blackstone Holds A Possible Winning Hand As Big Gaming Pivots Towards Consolidation
(Wall Street) -- One of the notable instances of lack of imagination we see as the gaming industry remains hostage to the coronavirus is the ongoing snoozing of bankers...

6/12/2020

article MGM Northfield Park racino to reopen Saturday, June 20
(Ohio) -- MGM Northfield Park, Ohio’s busiest gambling center, announced Friday that it will reopen its racino at noon on Saturday, June 20. The announcement comes...

6/10/2020

article MGM to Reopen 5 More Resorts This Summer
(Las Vegas) -- Casino giant MGM Resorts (NYSE:MGM) announced after close of trading yesterday that it plans to reopen several more Las Vegas, Nevada, properties over the...

6/9/2020

article MGM Resorts: Excalibur hotel-casino in Las Vegas reopening on June 11
(Las Vegas) -- The Excalibur Hotel & Casino will open its doors once again this Thursday, the Reno Gazette Journal, a member of the USA TODAY Network, reported. The...

6/5/2020

article MGM Reveals Opening Dates for Excalibur, ARIA Resorts and Casinos
(Las Vegas) -- MGM Resorts International has announced that it will reopen the Excalibur Hotel & Casino in Las Vegas on Thursday, June 11 following a nearly three-...

6/2/2020

article MGM China to be led by two senior executives: Pansy Ho
(Macau) -- Macau casino operator MGM China Holdings Ltd will soon see changes in its top-level management, following the retirement of its long-time chief executive...

6/1/2020

article Vegas resort executives call for people to stand together, respect humanity
(Las Vegas) -- Las Vegas resort executives are calling for social change following the death of an unarmed black man in police custody in Minnesota last week. MGM...

5/29/2020

article Era ends as Grant Bowie retires as MGM China CEO
(Macau) -- In Macau, a gaming firm CEO role involves generally a high profile in community affairs as well as casino operations. Professor Wang Changbin, director of the...
article MGM China shareholders confirm US$41mln final dividend
(Macau) -- The shareholders of Macau-based casino operator MGM China Holdings Ltd have approved the payment of a final dividend of HKD0.083 per share (US$0.01), the...

5/27/2020

article MGM adds MGM Grand and Signature towers to its Strip reopening plans
(Las Vegas) -- MGM Resorts International added MGM Grand Las Vegas and The Signature condominium towers to the company plans for reopening its Strip casinos next week....
article MGM China secures US$300 million revolving credit facility
(Macau) -- MGM China has entered into new agreements with its lenders to make available a revolving credit facility of HK$2.34 billion (US$302 million), increasable to...

5/23/2020

article Ex-MGM chief Jim Murren looks back on casino career
(Las Vegas) -- Jim Murren didn’t think he’d like Las Vegas much when he left “a pretty good gig on Wall Street” and took a pay cut to join MGM...

5/21/2020

article Analyst Says MGM Resorts Has No Catalysts for Growth in Immediate Future
(Wall Street) -- Casinos may be opening up around the country, but MGM Resorts' (NYSE:MGM) stock is likely to be stuck in place, because there's nothing to move...

5/20/2020

article MGM to reopen first US properties Monday
(Mississippi) -- After roughly two months of shutdowns, MGM Resorts International will reopen its first U.S. properties starting Monday. Two Mississippi casinos —...

5/19/2020

article MGM announces 25 May for first US property reopening
(Mississippi) -- MGM Resorts International has announced the 25 May as the date for the first reopening of any of its US properties following forced closures amid the...
article MGM to reopen first US properties Monday
(Mississippi) -- After roughly two months of shutdowns, MGM Resorts International will reopen its first U.S. properties starting Monday. Two Mississippi casinos — Gold...
article MGM Resorts to reopen its two Mississippi casinos starting next week
(Mississippi) -- MGM Resorts International said it will space out the reopening of its two Mississippi hotel-casinos, saying Gold Strike Casino Resort in Tunica will...

5/18/2020

article MGM Resorts to bring back free parking on Las Vegas Strip
(Las Vegas) -- MGM Resorts International was an industry leader when the company announced in January 2016 it was implementing a parking fee to all guests. A business-...

5/13/2020

article MGM Resorts Plans Menus on Phones When Casinos Can Reopen in Las Vegas
(Las Vegas) -- MGM Resorts gets ready for the eventual reopening of casinos in the state with a seven-point safety plan with safety protocols meant to add procedures for...
article MGM unveils safety plan to reopen Las Vegas casinos, resorts
(Las Vegas) -- State governments are not the only large institutions planning reopenings: MGM Resorts International released a “seven-point safety plan” on...
article MGM, Caesars update player loyalty programs: Mr. AC Casino
(Atlantic City) -- MGM Resorts International and Caesars Entertainment Corp. have updated their player loyalty program rules. M life tier status earned in 2019 or 2020...
article OP/ED: Where Will MGM Resorts Be 1 Year From Now?
(Wall Street) -- Investors should typically have a long-term mindset when buying a stock, which means thinking about where a stock will be in the next three, five, or 10...

5/12/2020

article MGM plans to reopen by early June, releases health safety plan
(Las Vegas) -- MGM Resorts International said Tuesday it plans to reopen its Southern Nevada resort properties by early June and released a seven-point safety plan....
article MGM Resorts Unveils Its Health And Safety Plan For Re-Opening
(Worldwide) -- MGM Resorts International has released a new report that outlines the newly established health and safety protocols the company is planning to implement...
article MGM Resorts Unveils Reopening Plan for Las Vegas Casinos, Hotels
(Las Vegas) -- MGM Resorts International on Tuesday unveiled a "seven-point safety plan" to reopen its Las Vegas casinos and hotels. Expect no more buffet-...
article MGM’s seven-point health and safety plan includes mandatory usage of PPE, other measures
(Las Vegas) -- MGM Resorts International said its casinos nationwide will have self-screening temperature checks at all entrances for customers and employees while...
article Here are the 7 changes MGM is making before reopening in Detroit
(Detroit) -- MGM Resorts will make significant changes when it reopens in Detroit. The company, which has been closed since March, revealed seven distinct changes in its...
press release MGM Resorts International Releases Health And Safety Plan For Re-Opening United States Properties
(Worldwide) -- MGM Resorts International (NYSE: MGM) today released a report outlining the comprehensive health and safety protocols the company is implementing prior to...

5/11/2020

article CEO transition at MGM China
(Macau) -- MGM China CEO Grant Bowie is stepping down as CEO on May 31.
article Grant Bowie to retire as MGM China CEO on May 31
(Macau) -- Grant Bowie (pictured) is retiring as chief executive of Macau gaming operator MGM China Holdings Ltd with effect from May 31, the firm said in a Monday...
article Longtime Macao gaming executive Bowie retiring from MGM in May
(Macau) -- A longtime casino executive of MGM Resorts International’s Macao operations is retiring, according to a public filing. Grant Bowie, CEO and executive...

5/8/2020

article MGM Northfield Park says coronavirus shutdown threatens more than 900 jobs
(Ohio) -- MGM Northfield Park says if business conditions don’t pick up and it can’t reopen soon because of the coronavirus pandemic, some of the more than...

5/6/2020

article MGM Resorts Tells Furloughed Staff to Expect Layoffs This Summer
(Las Vegas) -- MGM Resorts, the largest employer in Nevada, may lay off staff already furloughed. The gaming company furloughed almost 63,000 employees in March when Gov...
article MGM Casinos Underpay Tipped Workers, Lawsuit Says
(Las Vegas) -- MGM Resorts International and its casinos have shortchanged tipped employees by paying them lower, credited wages when they aren’t eligible to do so...

5/5/2020

article Document: MGM Resorts furloughs could turn into layoffs Aug. 31
(Las Vegas) -- The furloughs of almost 63,000 MGM Resorts International employees soon could turn into layoffs. A legal notice sent to many employees Tuesday, obtained...
article MGM Resorts boss: Some employees ‘may not return to work this year’
(Las Vegas) -- Some of the 60,000 MGM Resorts International employees furloughed during the coronavirus pandemic may not be recalled, at least not anytime soon, the...
article MGM Resorts’ landlord says company meeting rent obligations
(Las Vegas) -- The real estate investment trust affiliated with MGM Resorts International has faith that its sole tenant will be able to continue paying rent for several...
article MGM Resorts Appoints First African-American Woman to Lead Atlantic City Casino
(Atlantic City) -- MGM Resorts has named Melonie Johnson the next president of Borgata. She is the first Africa-American woman to lead an Atlantic City casino.

5/4/2020

article Borgata casino gets first Black woman president
(Atlantic City) -- The new leader of Atlantic City’s Borgata casino is believed to be the resort’s first African-American woman to serve as a casino...

5/3/2020

press release MGM China Reports 2020 First Quarter Financial Data
(Macau) -- MGM China Holdings Limited ("MGM China" or the "Company"; SEHK Stock Code: 2282) today announced the selected unaudited financial data of...

5/2/2020

article MGM Analysts Divided on Stock as Executive Upheaval Continues
(Las Vegas) -- On Friday, a day after MGM Resorts International (NYSE:MGM) reported a first-quarter loss of 45 cents per share on a precipitous 29 percent drop in...
article MGM Resorts’ layoffs filled with Vegas industry vets
(Las Vegas) -- The aftermath of MGM Resorts International’s upper-level layoffs Friday: Fewer executives will have expanded responsibilities. High-ranking...
article New York-New York, Bellagio could be first MGM properties to reopen
(Las Vegas) -- New York-New York and Bellagio could be MGM Resorts' first properties to reopen on the Las Vegas Strip, the acting CEO said Thursday.

5/1/2020

article MGM Resorts lays off 4 hotel presidents
(Las Vegas) -- MGM Resorts International has reportedly laid off several high-level executives in sweeping moves Friday, including a quartet of hotel presidents. Sources...
article MGM Resorts Reshuffles, Consolidates Leadership as Las Vegas Strip Remains in Limbo
(Las Vegas) -- MGM Resorts International streamlined top management at its properties Friday on the heels of Gov. Steve Sisolak announcing that Nevada casinos will not...

4/30/2020

article MGM: 1Q Earnings Snapshot
(Wall Street) -- MGM Resorts International (MGM) on Thursday reported first-quarter earnings of $806.9 million. The Las Vegas-based company said it had profit of $1.64...
article Itching to visit Las Vegas again? MGM Resorts says these Strip hotels will reopen first
(Las Vegas) -- When will travelers be able to slide $20 bills into a slot machine, feast at a celebrity restaurant or see a show in Las Vegas again? MGM Resorts,...
article MGM CEO: Bellagio, New York-New York likely to reopen first after shutdown
(Las Vegas) -- In the rapidly changing coronavirus environment, acting MGM Resorts International CEO Bill Hornbuckle found some definitives among uncertainties in...
article MGM Resorts CEO Says Las Vegas Strip Reopening Will Start With Two or Three Casinos
(Las Vegas) -- Once the Las Vegas Strip is cleared to reopen, MGM Resorts International will open two or three of its casinos, including the flagship Bellagio, as part...
article MGM Growth Properties Is A Buy Because MGM Is Flush With Cash
(Wall Street) -- MGM Growth Properties (NYSE:MGP) is a triple-net REIT owning the casino properties of the casino giant MGM Resorts International (NYSE:MGM). In...

4/28/2020

article MGM Resorts CEO says company will be 'operating differently' upon reopening
(Las Vegas) -- Acting MGM Resorts International Chief Executive Officer Bill Hornbuckle on Tuesday delivered a message to employees to discuss the company's...

4/27/2020

article MGM Resorts Survey Gives Insights Into What May Lie Ahead
(Las Vegas) -- A survey sent to MGM Resorts loyalty club customers provides fascinating insights into the opportunities and challenges ahead for Las Vegas casino...

4/24/2020

article MGM Resorts cancels Las Vegas reservations through May 21
(Las Vegas) -- MGM Resorts International has automatically canceled all reservations between May 1 and May 21. The company’s website showed no open booking dates...

4/23/2020

article MGM reports revenue drop from outbreak, says worst is yet to come
(Las Vegas) -- MGM Resorts International won’t hold its first-quarter earnings call until next week, but a Thursday statement revealed that COVID-19 hit the...
article MGM Resorts sees interim Q1 sales down 29% Y/Y
(Wall Street) -- MGM Resorts International (MGM +4.5%) expects Q1 net revenue of $2.3B, a 29% Y/Y decrease, due to the continued impact of the outbreak of COVID-19.
article MGM Resorts Warns of Nearly 30% Drop in First-Quarter Revenue
(Las Vegas) -- Casino and hotel operator MGM Resorts International (MGM) - Get Report, reeling from the impact of the coronavirus pandemic shutdown, on Thursday warned...

4/21/2020

article MGM to be ‘operating differently’ upon reopening, CEO says
(Las Vegas) -- MGM Resorts International will be “operating differently” when its properties reopen, according to a Tuesday video from Acting CEO and...
article MGM's Hornbuckle: Virus to change gaming industry for 'foreseeable future'
(Las Vegas) -- MGM Resorts International acting CEO Bill Hornbuckle told the company’s employees in a recorded message on Tuesday that “our industry will...

4/19/2020

article MGM China Has Resources to Last 15 Months, Don’t Bet on Parent Selling Stake, Say Analysts
(Macau) -- The operator of the MGM Cotai and MGM Macau has $387 million in cash on hand and access to a bank line of credit worth $580 million, giving it the liquidity...

4/15/2020

article MGM Resorts bets on college football starting on time
(Las Vegas) -- Some college football insiders have expressed doubts that the season will start as scheduled, but bettors can act as if it will at MGM Resorts...
article VIDEO: Chefs from MGM Resorts donate meals to Catholic Charities
(Nevada) -- From April 14 to April 30, chefs from the MGM Resorts International will cook and donate 1,000 hot meals a day for Catholic Charities of Southern Nevada.

4/9/2020

article MGM raises $11 million to help employees with help of show headliners
(Las Vegas) -- MGM Resorts International has raised about $11 million for its Employee Emergency Grant Fund to assist employees impacted economically by the coronavirus...

4/3/2020

article Deutsche Bank Keeps Their Hold Rating on MGM Resorts (MGM)
(Wall Street) -- Deutsche Bank analyst Carlo Santarelli maintained a Hold rating on MGM Resorts (MGM) today and set a price target of $35.00. The company’s shares...

4/1/2020

article Former Gov. Brian Sandoval leaving MGM to pursue UNR presidency
(Nevada) -- Former Nevada Gov. Brian Sandoval is leaving an executive post at MGM Resorts International to pursue the presidency of UNR, the gaming company said today....
article Former Governor Sandoval exits MGM, will apply to lead UNR
(Nevada) -- Former Gov. Brian Sandoval has resigned from his position as an executive with MGM Resorts and has applied for the soon-to-be vacant position of president of...
article Coronavirus felt in casino industry; MGM executives take pay cuts, buy stock to build confidence
(Wall Street) -- MGM Resorts International acting CEO and president William Hornbuckle took a $300,000 pay cut this week and agreed to take his new $1.1 million salary...
article MGM Resorts insiders buy back stock, Hornbuckle’s new contract includes a pay reduction
(Wall Street) -- MGM Resorts International’s new chairman was one of four directors and executives who acquired stock in the casino giant Monday and Tuesday in an...
press release MGM Resorts Statement On Departure Of Governor Sandoval
(Nevada) -- MGM Resorts International ("the Company" or "MGM Resorts") (NYSE: MGM) today announced that former Governor and MGM Resorts President of...

3/31/2020

article MGM reports ‘substantial losses’ due to COVID-19 financial impact
(Las Vegas) -- MGM Resorts International issued Friday an update on its results for the first two months of the year, the impact of COVID-19 on its operations and an...

3/30/2020

article MGM Resorts Won’t Accept Coronavirus Bailout Money
(Las Vegas) -- MGM Resorts is the biggest casino operator on the Las Vegas Strip, and though all of its resorts in the country are closed and those it has in China are...

3/27/2020

article MGM Resorts Won’t Borrow From Uncle Sam, But Loan Guarantees Could be Useful if Closures Extend
(Las Vegas) -- Grappling with the financial impact of all of its domestic gaming operations being temporarily halted because of the coronavirus outbreak, MGM Resorts...
article MGM Resorts Falters Amid Gloomy Coroanvirus Financial Update
(Wall Street) -- MGM Resorts International’s (NYSE:MGM) stock more than doubled off the recently notched 52-week low, but that rally suffered a setback Friday when the...

3/25/2020

article MGM Cut $32 Million Pay Deal With CEO Who Left to Fight Pandemic
(Wall Street) -- Few businesses have been hit as hard by the coronavirus pandemic as MGM Resorts International. By last week, it had closed all its U.S. casinos,...
article BLOG: MGM Resorts' Digital Sports Betting Efforts Could Power a Recovery
(Las Vegas) -- With Las Vegas casinos dark since March 17, now seems like the wrong time to think about investing in the companies that operate them, right? Not really....

3/24/2020

article Citi-Led Group Stuck With Billions of Debt as MGM Offering Fails
(Wall Street) -- Citigroup Inc. and Deutsche Bank AG are among lenders stuck with billions of dollars of debt backed by MGM Grand and Mandalay Bay properties in Las...

3/23/2020

article Jim Murren appointed by governor to lead Nevada’s coronavirus economic recovery
(Nevada) -- Shortly after his departure became official Sunday, former MGM Resorts International CEO Jim Murren landed in a new role – helping Nevada’s economy recover...
article Jim Murren Departs MGM ‘With Immediate Effect’ To Lead Nevada Coronavirus Task Force
(Nevada) -- GM Resorts CEO Jim Murren has left the casino operator with immediate effect to lead a new coronavirus task force in Nevada. Murren previously announced...
article MGM Resorts gives $1M to employee emergency fund
(Las Vegas) -- MGM Resorts International is donating $1 million toward its employee emergency fund. “As we confront extraordinary events and an unprecedented...

3/22/2020

article MGM International names Bill Hornbuckle acting CEO; Jim Murren steps down amid coronavirus outbreak
(Las Vegas) -- MGM Resorts International, the parent company of MGM Springfield, announced Sunday that CEO Jim Murren has stepped down. Bill Hornbuckle, a longtime MGM...
article Outgoing MGM Resorts CEO Jim Murren to lead coronavirus task force
(Las Vegas) -- Outgoing MGM Resorts International CEO Jim Murren has been named leader of a new public-private partnership meant to help distribute resources to mitigate...

3/19/2020

article After the pandemic, Costa at MGM to go full steam ahead with Italian rebranding
(Massachusetts) -- It’s been a hard break for Gary Evangelista and the staff at Costa at MGM Springfield. Just after the restaurant reopened after a rebranding,...
article MGM National Harbor lays off employees amid coronavirus shutdown
(Maryland) -- MGM National Harbor resort and casino, shut down amid the novel coronavirus outbreak, has laid off 85 employees, according to a notification it sent...
article MGM National Donates Food To Aid Families Impacted By Coronavirus
(Maryland) -- Children and families from Prince George's and Montgomery counties will have something to eat in the coming days thanks to the combined efforts of a...
article COVID-19 Crisis: Casino Operator MGM Lays Off 70,000 Employees And Is Seeking Bailout From Feds
(Las Vegas) -- MGM Resorts International survived the 2008 financial crisis and a murderous gunman who killed 58 concert-goers in 2017 but now the biggest casino...
article MGM Insiders, Including Murren, Rush to Support Sagging Stock
(Wall Street) -- MGM Resorts International (NYSE:MGM) board directors and executives are stepping up to support a stock hammered by the coronavirus pandemic – one...

3/18/2020

article 16 MGM directors, execs buy thousands of shares amid virus stock impact
(Wall Street) -- Sixteen board directors and executives are betting big on MGM Resorts International stock, purchasing deferred and restricted shares, according to...

3/17/2020

article Guests check out of MGM, Wynn on Strip before they go dark
(Las Vegas) -- Guests at MGM Resorts properties and Wynn Las Vegas packed their bags and checked out Tuesday, leaving only employees to see to the final details of the...
article MGM Resorts expands pay to part-time employees during closures
(Las Vegas) -- All furloughed part-time hourly employees of MGM Resorts International can now expect two weeks of pay, according to a Tuesday statement from the company...
article Murren visits White House, hopes for 'productive dialogue,' says MGM has 'new bookings for June onward' after crisis passes
(Washington D.C.) -- MGM chief Jim Murren was among the tourism industry executives who met with President Donald Trump Tuesday, as measures to stop the spread of the...

3/15/2020

article MGM ordered to close MGM Grand Detroit amid virus spread
(Las Vegas) -- Following an order from the Michigan Gaming Control Board, MGM announced Sunday evening it will temporarily suspend gaming operations at MGM Grand Detroit...
article MGM Resorts to suspend operations in Las Vegas because of COVID-19
(Las Vegas) -- MGM Resorts International will suspend operations at its Las Vegas properties beginning Monday to help thwart the spread of the coronavirus, the company...

3/14/2020

article COVID-19: MGM closes properties in three states — Las Vegas hotel-casinos will stay open.
(Las Vegas) -- Facing the intensifying spread COVID-19 across the U.S., MGM Resorts International has closed three hotel-casinos in three states. The Las Vegas company...
article Luxor Hotel & Casino employee tests positive for COVID-19
(Las Vegas) -- An employee at the Luxor Hotel & Casino tested positive for COVID-19. MGM Resorts International sent a letter company-wide revealing “several...

3/13/2020

article Furloughs, layoffs hit MGM Resorts; Ohio property to close tonight
(Las Vegas) -- Significant furloughs and layoffs have begun at MGM Resorts International properties in response to the coronavirus crisis and the resulting collapse of...
article Luxor Hotel & Casino employee tests positive for coronavirus
(Las Vegas) -- A Luxor Hotel & Casino employee has tested positive for the coronavirus, according to a statement from MGM Resorts International. “MGM Resorts...
article ‘Several’ MGM workers in Las Vegas presumptive positive for coronavirus
(Las Vegas) -- “Several” MGM Resorts International employees have tested presumptive positive for the coronavirus. In a letter sent to employees Friday...
article MGM Resorts calls off share buyback plan
(Wall Street) -- In the middle of last month, a day before Valentine’s Day, MGM Resorts thought it would show some love by offering to buy back $1.25 billion in...

3/9/2020

article BetMGM leads new wave of sports betting experiences into Las Vegas
(Las Vegas) -- MGM Resorts has confirmed the roll out of its BetMGM brand in Las Vegas as part of a raft of new sports betting experiences in the city. In partnership...
article How BetMGM Aims To Improve Cross-Sell From Yahoo Sports
(Las Vegas) -- BetMGM is aiming to boost customer acquisition through its Yahoo Sports partnership by tying the products together more seamlessly. That means introducing...

3/6/2020

article Feel like investing in 2 sprawling Vegas casino properties amid the coronavirus outbreak? Wall Street is betting on it
(Wall Street) -- Wall Street banks aren’t letting the spread of the coronavirus in the U.S. get in the way of a planned $2 billion property bond financing for the...

3/5/2020

article Henry Ford Health System Opens Pharmacy in MGM Grand Detroit
(Michigan) -- Detroit’s Henry Ford Health System has opened a retail pharmacy at the MGM Grand Detroit. The location will serve the needs of the casino’s 3,...
article MGM Resorts Revises $1.25 Billion Stock Buyback Plan
(Las Vegas) -- MGM Resorts announced it was revising its $1.25 billion share repurchase program after disappointing third-quarter results and the coronavirus outbreak...

3/4/2020

article Aria Casino Sued for Allegedly Withholding Workers’ Tips
(Las Vegas) -- Aria Resort & Casino operated an illegal tip pool that withheld more than $650,000 in tips from at least 40 workers over a nine-month period, a former...

3/3/2020

article MGM introduces financial assistance program for local SME vendors
(Macau) -- MGM China has announced the introduction of new relief measures for local SMEs, including a “Down Payment for Future Business” initiative and...

3/2/2020

press release MGM Resorts' Responsible Gambling Program Surpasses 1.25 Million Customer Interactions Nationwide
(Las Vegas) -- MGM Resorts International (NYSE: MGM) today announced that GameSense, an innovative responsible gaming initiative adopted by MGM Resorts in 2017, has...

2/27/2020

article Indiana sports betting: BetMGM launches sports betting app in Indiana
(Indiana) -- BetMGM sportsbook, a leading mobile sports betting app, launched throughout the state of Indiana Thursday, according to a release by Roar Digital, LLC,...

2/18/2020

article FREEMAN: Jim Murren: The leader the gaming industry needed
(Las Vegas) -- It’s one thing to lead a company – it’s a different challenge to lead an industry. Jim Murren leaves a legacy of doing both extremely...

2/17/2020

article MGM Springfield struggling, East Windsor expansion scaled back
(Massachusetts) -- The increasingly saturated New England market is making it tougher for casinos these days, and that is showing in the recent struggles of MGM...

2/16/2020

article SEC filing: Murren to receive almost $32 million to depart MGM Resorts
(Las Vegas) -- Departing MGM Resorts International Chairman and CEO Jim Murren will collect $31.9 million in salary, bonuses, stock, severance and monthly consulting...

2/15/2020

article Jim Murren to receive $32M exit package from MGM
(Las Vegas) -- Jim Murren is set to receive a nearly $32 million exit package from MGM Resorts International. A regulatory filing Friday said the 58-year-old CEO and...
article MGM’s REIT anticipates more growth after Mandalay, MGM Grand deals
(Las Vegas) -- The real estate investment trust affiliated with MGM Resorts International reported a 4.2 percent increase in revenue and 6.3 percent boost in net income...

2/14/2020

article Outgoing CEO Murren Leaves Behind A Complicated Legacy, Landscape At MGM
(Las Vegas) -- Casino giant MGM Resorts International is undergoing a change in leadership. Jim Murren announced on Wednesday that he will vacate the role of CEO prior...

2/13/2020

article Oakland, Macomb county businesses close for offering slot machines
(Michigan) -- Four Oakland County and three Macomb County businesses have shut down after the state accused them of operating illegal slot machines. A dozen businesses...
article Reduced Q4 results and lowered projections disappoint MGM Resorts investors
(Las Vegas) -- MGM Resorts International frustrated investors Wednesday with lower-than-expected fourth quarter results and then compounded the matter by lowering its...

2/12/2020

article Chairman, CEO of MGM Resorts Jim Murren stepping down
(Las Vegas) -- MGM Resorts International CEO Jim Murren will be stepping down as chairman and CEO. On an earnings call Wednesday, Murren,58, said he is stepping down...
article MGM Resorts CEO Jim Murren is stepping down, shares jump
(USA) -- MGM Resorts International chairman and CEO Jim Murren has told the company's board that he is stepping down, prior to his contract ending, the company announced...
press release MGM Resorts International Announces CEO Succession And Transition Plan
(Las Vegas) -- MGM Resorts International (NYSE:MGM) ("MGM Resorts" or the "Company") today announced that Jim Murren, Chairman and Chief Executive Officer, has informed...
article Updated: Jim Murren to step down as MGM Resorts Chairman, CEO
(Las Vegas) -- MGM Resorts International Chairman and CEO Jim Murren, who led the casino giant’s growth into new markets nationally and internationally while...
article VIDEO: MGM Resorts CEO Jim Murren Plans to Step Down
(Las Vegas) -- MGM Resorts International’s longtime chairman and chief executive officer, Jim Murren, plans to step down before his contract expires. Bloomberg's...

2/8/2020

article Springfield’s economic development future: MGM marks first year in business. What’s next?
(Massachusetts) -- There are no “drop the mic” moments in economic development. Or if there are, they’re relatively fleeting and urban planners need to...

1/31/2020

article MGM Japan to sponsor Osaka Evessa pro basketball team
(Japan) -- MGM Resorts Japan has announced that it is now an official platinum partner of Osaka Evessa, which plays in Japan’s professional basketball League....

1/25/2020

article MGM Resorts Named Official Gaming Partner of Las Vegas Raiders
(Las Vegas) -- MGM Resorts International and the NFL’s Las Vegas Raiders have announced an exciting new partnership. Mandalay Bay will be the official home for...

1/24/2020

article MGM believes its sports wagering approach is a good bet
(Massachusetts) -- Well after that day in the not-so-distant future when Massachusetts is expected to legalize sports betting, Jim Murren sees MGM’s mobile betting...
article MGM Grand Detroit hires new president to help implement sports betting
(Michigan) -- MGM Grand Detroit has hired a new president and chief operating officer with sports betting expertise and a decade of experience in the gaming industry....

1/23/2020

article MGM Springfield changes President amid record revenue low
(Massachusetts) -- MGM Springfield replaced its president following the lowest revenue-generating month since the Massachusetts venue opened. Chris Kelley will replace...

1/22/2020

press release MGM Resorts International Named a FORTUNE "World's Most Admired Company"
(Las Vegas) -- MGM Resorts International has been named among FORTUNE's 2020 list of the World's Most Admired Companies, available online at www.FORTUNE.com.

1/17/2020

article MGM Growth Properties: A Smart Bet
(Las Vegas) -- MGM Growth Properties, LLC (NYSE:MGP), along with Gaming and Leisure Properties (NASDAQ:GLPI) and VICI Properties (OTC:VICI), is one of three triple-net...

1/16/2020

article National Lacrosse League, MGM make sports betting deal
(Atlantic City) -- BetMGM has been named the official and exclusive gaming partner of the National Lacrosse League. The BetMGM app comes from Roar Digital, a joint...

1/15/2020

article MGM Resort’s ‘asset-light’ strategy is good for the company, but what about other casino operators
(Las Vegas) -- Before the year is out, it’s possible MGM Resorts International won’t own any of the casinos the company operates in the U.S. Following 12...

1/14/2020

article Blackstone Bankrolled $4.6 Billion Casino Deal on Main Street (SUB REQ)
(Las Vegas) -- A joint venture backed by Blackstone Group Inc. announced on Tuesday it agreed to acquire a stake in the MGM Grand and Mandalay Bay, a pair of marquee...
article MGM Resorts selling 2 properties on Las Vegas Strip
(Las Vegas) -- MGM Growth Properties and Blackstone Real Estate Income Trust are forming a joint venture to acquire the real estate assets of the MGM Grand and Mandalay...
article MGM Resorts sells casino property in $2.5bn deal
(Las Vegas) -- Blackstone doubled down on its bet on real estate in the US gambling capital on Tuesday, agreeing to partner with an affiliate of casino operator MGM...
press release MGM Resorts to sell MGM Grand Las Vegas for $2.5 billion
(Las Vegas) -- MGM Resorts International MGM, -0.51% announced Monday an agreement to sell the MGM Grand Las Vegas real estate assets in a deal valued at $2.5 billion,...
press release MGM Resorts Announces Agreement To Monetize Real Estate Of MGM Grand Las Vegas
(Las Vegas) -- MGM Resorts International (the "Company" or "MGM Resorts") MGM, +0.48% today announced that it has entered into a definitive agreement pursuant to which a...

1/13/2020

article MGM announces Discretionary Bonus for eligible staff
(Macau) -- MGM China has become the fourth of Macau’s concessionaires to declare a Discretionary Bonus for its employees. On Monday, the company announced that...
article MGM China flags bonus to staff, in two instalments
(Macau) -- Macau casino operator MGM China Holdings Ltd announced on Monday that it would pay a “discretionary bonus” to eligible non-management employees....
article Now Open: MGM Grand Gets Saucy with International Smoke Las Vegas
(Las Vegas) -- Chef Michael Mina and restaurateur Ayesha Curry bring the heat from the kitchen to the table with their wildly popular dining concept International Smoke...

1/8/2020

article MGM-GVC sports betting joint venture gains preliminary approval in Nevada
(Nevada) -- Nevada gaming regulators Wednesday granted tentative approval to the joint venture between MGM Resorts International and UK-based GVC Holdings to set up a...

12/27/2019

article Nearly 8,000 Cambodian Staff Lose Jobs Following Online Gambling Ban: Officials
(Cambodia) -- Nearly 8,000 Cambodian staff working in casinos in Preah Sihanouk province have lost their jobs after the government ordered the shutdown of online...
article MGM Resorts Sells Circus Circus for $825M
(Las Vegas) -- Citing its commitment to an asset-light strategy, MGM Resorts International has closed on the sale of the Circus Circus Las Vegas hotel and casino and a...

12/22/2019

article MGM Resorts Is Launching a Doggy Concierge Program to Check on Your Pooch While You Play
(USA) -- MGM is going to the to the dogs. Sure, we love a pet friendly resort, but often there’s the caveat that you can’t leave your fur baby in the room...

12/21/2019

article MGM Springfield unveils solar array; parking garage panels generate up to 10% of casino’s power
(Massachusetts) -- They are barely visible from the ground, but the 3,456 newly installed solar panels atop the eight-story parking garage at MGM Springfield are...

12/17/2019

article Key investor trims MGM Resorts stake
(Macau) -- Casino mogul Pansy Ho Chiu King sold almost 2.45M shares in MGM Resorts International (MGM) since the end of November, according to filings in Hong Kong.
article Pansy Ho Continues Reducing MGM Resorts Investment, Stake Down to 1.78 Percent Following Latest Sales
(Macau) -- Pansy Ho, the eldest daughter of Macau gaming mogul Stanley Ho, continues paring her stake in MGM Resorts International (NYSE:MGM). From Nov. 26 through Dec....

12/16/2019

article Cloud games tech poised for MGM Macau debut: GameSource
(Macau) -- Macau-based International Alliance Systems Ltd says its data-cloud-based electronic game platform GameSource is “ready” for its debut in Macau,...
article Making Sense Of MGM Resorts Decision To Sell Circus Circus And Lease Back Bellagio
(Wall Street) -- MGM Resorts (NYSE: MGM) is a holding company that owns and operates casino resorts, which include gaming, hotel, dining, entertainment, retail, and...

12/12/2019

article MGM Expands Pet Friendly Policy For Strip, Three Regional Properties
(Las Vegas) -- MGM Resorts International is hoping to gain traction with dog lovers, expanding its dog-friendly policy at select properties so guests can bring their...

12/4/2019

article Empire City Casino exec resigns after just a year on the job
(New York) -- It took less than a year on the job for Uri Clinton to decide to move on. He had been appointed as president and chief operating officer of Empire City...
article MGM’s Empire City Casino President and COO quits
(New York) -- Empire City Casino announced Wednesday that executive Uri Clinton has resigned, nearly a year after MGM announced that he had been tapped as president and...

12/3/2019

article Uri Clinton, Empire City Casino President, Former MGM Resorts Lobbyist in Connecticut, Resigns
(Connecticut) -- Uri Clinton led MGM Resorts’ lobbying effort in Connecticut and was appointed president and COO of Empire City in Yonkers, New York, a year ago...

11/29/2019

article Steven Cohen’s Point72 Asset Management Loads up on MGM Resorts Shares
(Wall Street) -- Point72 Asset Management, the family office run by former hedge fund boss Steven Cohen, gobbled up shares of MGM Resorts International (NYSE:MGM) during...

11/25/2019

press release MGM Resorts Outlines Vision for Social Impact and Environmental Responsibility
(Las Vegas) -- Earlier this month, MGM Resorts International launched a standards-driven social impact program called “Focused on What Matters: People, Community and...

11/19/2019

article MGM’s real estate investment trust confirms interest in MGM Grand
(Las Vegas) -- MGM Resorts International is in preliminary discussions with real estate investment trust MGM Growth Properties regarding the potential sale-leaseback of...

11/12/2019

article MGM Resorts honor more than 80 wounded warriors, guests
(Las Vegas) -- In celebration of America’s service members, MGM Resorts International hosted “A Salute to the Troops,” honoring more than 80 wounded...
article Can MGM Resorts Mine New York City Casino Gold Before 2023?
(New York) -- They say patience is a virtue, but MGM Resorts (NYSE:MGM) can't wait much longer: It wants the State of New York to grant its Empire City casino in...

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