Casino
October 13, 2022
Mandalay Bay Convention Center Receives $100 Million Glow Up
MGM Resorts International, the company managing Mandalay Bay, one of the USA’s biggest convention centers, made an official press release detailing its plans to invest $100 million in a thorough redesign of the complex. The operator aims to create a more vibrant and welcoming atmosphere, bring the convention facility’s technical systems up to date and […]
Industry
October 5, 2022
LeoVegas Group Hires New Sports Strategy Lead
Per Carlander is the new director of sports strategy at LeoVegas Group. The operator recently experienced several notable management-level shifts after its acquisition by MGM Resorts International and had to appoint a new board of directors. Carlander’s appointment likely signifies a further shift towards MGM’s vision for the company. LeoVegas Gains a Reliable and Experienced […]
Casino
September 29, 2022
MGM Resorts Hires ExteNet Systems for 5G Connectivity
Provider of LTE/5G wireless and fiber-neutral host communications infrastructure ExteNet Systems signed a partnership with MGM Resorts International to build and operate advanced in-building signal and connectivity solutions across MGM properties nationwide. Help Elevate Guest Experience The groundbreaking partnership between MGM Resorts and ExteNet will see the communications infrastructure solutions supplier bring a new distributed […]
Business
August 29, 2022
MGM Stock Remains a Buy Option for WSJ Analyst
Casino stocks have been associated with slumping performance over the past two years, but most assets have rallied magnificently, despite facing multiple challenges on the international market. Going global has been a strong diversification strategy and a risk for some companies, but the bid has mostly paid off. Macau to Not Put Dent on MGM […]
Business
August 29, 2022
MGM Resorts’ Shareholder IAC Increased Stake to 16.5%
MGM Resorts International announced in a filing to the Securities and Exchange Commission (SEC) that the digital media and internet services company InterActiveCorp (IAC) has increased its stake in the business. Buying when the Market Is Down According to the regulatory filing under Schedule 13D/A, the business led by mogul Barry Diller has been actively […]
Casino
August 24, 2022
MGM Expects Osaka IR to Contribute $775M to Taxes
MGM Resorts expects its Japanese integrated resort to contribute a stellar $775 million to local taxes. Ed Bowers, president of global development at MGM Resorts International, revealed more on the matter. MGM Plans to Build a Huge Integrated Resort in Osaka During the opening day of G2E Asia 2022, Bowers spoke about the company’s business […]
Industry
August 22, 2022
MGM Resorts Receives Government Clearance for LeoVegas Bid
Looking to further expand its global presence, the leading hospitality and entertainment company, MGM Resorts International, announced plans to acquire the Swedish gaming and sports betting company LeoVegas. MGM Resorts Receives Approval for LeoVegas Takeover The company unveiled its ambitious plan back in May, but it has now completed another major step forward. Late last […]
Casino
August 18, 2022
MGM Resorts Foundation Donates Almost $2M to 82 Local Charity Projects
MGM Resorts International’s charity initiative, the MGM Resorts Foundation, has donated almost $2 million via 82 grants to various non-profit organizations across the towns and regions where MGM Resorts has its operations. MGM Resorts Foundation 82 Grants Will Benefit Local Communities The MGM Resorts Foundation was founded in 2002 and gives the opportunity to MGM […]
Business
August 4, 2022
MGM Resorts Uses Q2 Earnings Call to Stake out Thailand Interest
MGM Resorts may be among the parties interested to join Thailand in the country’s pursuit of an integrated casino resort. This is the faint signal sent by company CEO and president Bill Hornbuckle who has outlined the hospitality behemoth’s interest in exploring this opportunity further. MGM Resorts Looks into Asian Market Thailand is currently in […]
Business
July 15, 2022
MGM Resorts International to Buy Genting Singapore, Reports State
US gambling giant MGM Resorts International has been reportedly taking a closer look into the possibility of acquiring Genting Singapore. According to reports, MGM has already held talks with the Lim family to either invest in Genting or acquire it in its entirety. Genting is the parent firm of Resorts World Sentosa. COVID-19 Restrictions Are […]
