Business
December 14, 2021
HRI to Acquire The Mirage from MGM Resorts in a $1BN Deal
An iconic guitar-shaped hotel will be arriving on the Strip in Las Vegas under a new agreement between Hard Rock and MGM Resorts. Hard Rock International to Acquire the Operations of The Mirage The legendary hospitality and entertainment company, Hard Rock International (HRI), announced on Monday that it agreed to acquire the operations of The […]
Business
December 2, 2021
MGM Could Consider New Vegas Strip Property
MGM Resorts International could add a second resort-casino to the south end of the Las Vegas Strip. They are also working on a strategy that will attract more regional customers to Las Vegas. MGM chief financial officer Jonathan Halkyard spoke Wednesday to investors at Morgan Stanley’s Virtual Global Consumer & Retail Conference, where he made […]
Business
November 22, 2021
Two MGM Resorts Casinos in Mississippi Apply for Mobile Wagering Licenses
Two MGM Resorts casinos have expressed interest in on-site mobile betting, as the Mississippi Gaming Commission (MGC) confirms. While speaking to Gambling.com, the MGC executive director, Jay McDaniel, stated that no other casinos have approached him about offering mobile sports betting services on-site. The new sports betting bill could be introduced by the start of […]
Business
November 4, 2021
MGM Resorts Initiates Plans to Sell Its Mirage Casino in Vegas
On MGM Resorts International’s latest earnings call this week, CEO Bill Hornbuckle revealed that MGM Resorts International was in the initial stages of selling The Mirage’s operations. The Mirage, which opened on the Las Vegas Strip in 1989, has been an emblematic property of the Vegas action since then. There were no deadlines or potential […]
Casino
October 13, 2021
MGM Northfield Reaches Tax Settlement Deal With Ohio School System
The Nordonia Hills School District in Ohio will receive a $15 million payment from MGM Northfield Park as a tax settlement over the Northfield racino, as announced on Monday. The fiscal office records of Summit County reported that the lots where various harness racing and casino operations are taking place at Summit County’s northern edge […]
Industry
September 28, 2021
MGM Resorts Wins a Race in Which It Was the Only Participant
It’s almost impossible to lose a race in which you’re the only competitor, so it’s likely that MGM Resorts International wasn’t too concerned about not being selected as a casino operator for Osaka, Japan. The prefecture is hoping to win approval to host an integrated resort (IR) and, leading up to the close of the […]
Industry
September 24, 2021
The Nevada Gaming Commission Bids Farewell to its Chair and to Dubai World
Thursday was the D-Day for Dubai World, as the Nevada Gaming Commission (NGC) has signed off on Dubai World’s exit. Dubai World, a Dubai investment arm in the UAE, had a 14-year partnership with MGM Resorts International in developing Las Vegas’ own CityCenter. Chairman John Moran also said goodbye to the Commission who has been […]
Business
September 10, 2021
MGM Has Ambitions to Be a Global Online Gaming Powerhouse
Digital is the future. Online education, remote offices, online movie and video game streaming, ordering Pizza with Alexa are just some of the options that are becoming more prominent. While it doesn’t yet command as much attention as its land-based cousin, online casinos are gaining more traction and the iGaming segment continues to become stronger. […]
Business
August 6, 2021
MGM Resorts to Trim Back Its Corporate Structure, Possibly Explore More Online Ops
For those who missed the memo, the US gambling industry is about to embark on a journey into the unknown. There was a time, in the not-so-distant past, that just the mention of “online gaming” caused land-based casino executives’ hearts to skip a beat. Not anymore, though, and changes are coming. MGM Resorts International isn’t […]
Business
August 4, 2021
VICI Properties to Acquire MGM Growth Properties for $17.2B
Portfolio enhancement and diversification at VICI Properties continue as the real estate investment trust (REIT) announced it would acquire MGM Growth Properties. Payment Consideration VICI Properties, MGM Growth Properties (MGP), and MGP’s controlling shareholder, MGM Resorts International, signed a definitive agreement for the acquisition of MGP by VICI for total consideration of $17.2 billion, inclusive […]