Casino
March 16, 2023
Borgata’s Water Club Hotel to Get New Look, Name
This is part of the renovation plan that MGM Resorts International has put forward, announcing a $55-million revamping of the property. The company is doubling down on its brand name by renaming the hotel to MGM Tower and focusing the limelight on the MGM image and likeness. Borgata Rebrands Water Club Hotel to MGM Tower […]
Business
March 2, 2023
MGM Resorts Brings Ben Winston as Member of the Board of Directors
Ben Winston is now the 12th member of the board and he is also a founding partner of Fulwell 73, a production company, and a prominent name in the industry. Professionally, Winston is the youngest show producer of a late-night program in the United States. He worked on The Late Late Show with James Corden […]
Casino
March 1, 2023
MGM Resorts, BetMGM & Everi Launch Omnichannel Slot MGM Riches
Using their powerful synergy, the S&P 500 global gaming and entertainment company and the leading sports betting and iGaming operator have created a unique slot experience for US players. Called MGM Riches, the slot game will enable players to engage in both online gameplay using BetMGM‘s iCasino platform available in New Jersey, Pennsylvania, and Michigan, […]
Casino
March 1, 2023
MGM Resorts Runs the Most Profitable Property Outside of Las Vegas
One such company is MGM Resorts International which owns the MGM National Harbor in Oxon Hill, Maryland. The gross gaming revenue generated by the property in 2022 was enough to place it as the most profitable casino outside of Nevada. Regional Casinos Caught in an (Un)fair Race National Harbor, which services both Maryland and Washington, […]
Industry
February 21, 2023
MGM – First Operator to Sign CEO Water Mandate
MGM Resorts has become the first gambling company to support the United Nations’ CEO Water Mandate. The latter initiative seeks to raise awareness of water crises and address the problem. The CEO Water Mandate was established in collaboration between the UN Secretary-General, the UN Global Compact and the Pacific Institute. It seeks to encourage companies […]
Business
February 16, 2023
MGM Resorts International Sells Gold Strike Tunica to CNE Gaming for $450M
The NYSE-listed Standard and Poor’s 500 international entertainment company has inked the transaction for $450 million in cash received from the Cherokee Nation Businesses’ subsidiary. The company with an impressive portfolio consisting of 31 global hotel and gaming destinations used Weil, Gotshal & Manges LLP as a legal counsel to complete the sale. MGM Resorts, Ready […]
Business
February 9, 2023
MGM Q4 2022 Results Reveal Record Quarter for Las Vegas Properties
MGM Resorts International saw a significant boost in its earnings for the year 2022 with a revenue of $13.1 billion, a surge of 36% from the previous year’s $9.7 billion. This figure encompasses the financial results of several properties, including the newly acquired Cosmopolitan in Las Vegas, and the full-year operations of Aria and Vdara. […]
Casino
November 8, 2022
MGM Resorts Is Distinguished as a Leading Inclusion Index Company
MGM Resorts has been shortlisted and recognized as one of only 36 companies to achieve full inclusivity across their entire organization. The Leading Inclusion Index Company award was granted to the casino and entertainment company at the 2022 Seramount Inclusion Index, which saw 175 companies apply, but only a handful dozen making the final cut. […]
Business
November 3, 2022
MGM Posts Q3 Results, Enjoys 26% Revenue Growth to $3.4bn
The global hospitality and entertainment company, MGM Resorts International, released its latest results, outlining the performance for the third quarter of 2022. MGM Resorts Revenue Soars in Q3 On Wednesday, the company unveiled its unaudited results, acknowledging that it has seen strong growth in the three months ended September 30, 2022. Total net revenues in […]
Business
October 21, 2022
MGM Vows $1M Contribution to Grant a Gift Autism Foundation-Ackerman Center
MGM Resorts International, the leading global hospitality and entertainment company, announced Thursday a new collaboration with the Grant a Gift Autism Foundation-Ackerman Center (GGAF). MGM Partners with GGAF for a New Program Under the terms of the new collaboration, the company pledged $1 million toward a new vocational job placement program. The funding is expected […]
