Casino
September 23, 2022
Class Action Lawsuit Alleges MGM Shortchanges Players for Millions
Shortchanging is when somebody is cheating by giving back less change than the transaction requires, so usually, we’re talking about a few cents or a few bucks at the very most. However, when it’s on the scale of an MGM gambling hall, that could mean potentially millions of dollars, as a new class action lawsuit […]
Business
September 1, 2022
LeoVegas Shareholders Vote Overwhelming in Support of MGM Offer
MGM Resorts will be completing the acquisition of LeoVegas after 96% of the latter’s shareholders accepted the takeover bid which is due to complete on September 7. The public offer tabled by the US-based hospitality and entertainment group is valued at SEK61 ($5.72) per share and the deal is estimated at $604 million presently, below […]
Industry
September 1, 2022
MGM Resorts and BetMGM Commit to Responsible Gambling Education Month
MGM Resorts and BetMGM have vowed to promote and spearhead a new initiative focused on responsible gambling during Responsible Gambling Education Month or RGEM for short. September is designated as a month focused on raising awareness about the hidden dangers of the gambling industry which could have ruinous consequences for vulnerable consumers who fall into […]
Casino
July 13, 2022
MGM Resorts Becomes Official Partner for MLB Players
MGM Resorts International has secured a new partnership with Major League Baseball players which will see the former partner access marketing and branding rights. Thanks to this multi-year arrangement, the hospitality company has become the Official Partner for MLB Players Inc, which means that the prominent gaming brand will have access to the image and […]
Business
February 15, 2022
MGM Resorts Continues Buying Back Shares
Along with one of its major stockholders, MGM Resorts International is taking back more control of the company. MGM announced this week that it and IAC/InterActiveCorp (IAC), a US media and technology firm, will acquire 4.5 million shares of MGM Resorts common stock from another shareholder, Corvex Management LP. MGM Resorts Takes Back Control MGM […]
Industry
December 30, 2021
MGM Resorts Tweaks Testing Protocols for Unvaccinated Employees
MGM Resorts has been one of the most patient companies when it comes to unvaccinated employees. It has also been one of the most adamant when it comes to enforcing vaccination rules and testing protocols for those who opt out of getting the jab. Now, MGM CEO Bill Hornbuckle penned a new letter to Las […]
Casino
November 18, 2021
MGM Resorts Raises On-Sites COVID Tests’ Price to $38
In a letter sent out to employees of the casino and hospitality company MGM Resorts on November 16, the company’s chief executive officer, Bill Hornbuckle, informed unvaccinated hourly employees that the price of COVID-19 tests will more than double up. MGM Resorts Increases Price of On-Site COVID-19 Tests This decision came in response to the […]
Casino
November 10, 2021
MGM and Orix Ready to Spend $10B on Osaka Integrated Resort
Japan’s Osaka prefecture has a favorite for a future casino complex developer as part of the integrated resort (IR) that will transform the country into one of the most important destinations in Asia for gambling. The consortium led by MGM Resorts, in collaboration with Orix Corporation, is proposing to invest $10 billion in building an […]
Casino
October 21, 2021
MGM Resorts Calls Max Vaccination Program a Success
MGM Resorts has become one of the latest hospitality and casino operators to have successfully incentivized its workforce into taking a COVID-19 jab. The company announced in August that its workforce would have two months to vaccinate or start taking mandatory COVID-19 tests if they want to show up for work. The deadline set for October 15 has […]
Casino
September 27, 2021
MGM Resorts Agrees to $1.6B Cosmopolitan Operations Purchase
MGM Resorts signed a definitive agreement with Blackstone to acquire the operations at The Cosmopolitan of Las Vegas for $1.625 billion in cash, the casino company announced today. Buy the Operations, Rent the Property The price of the transaction that is expected to close in the first half of 2022, subject to regulatory approvals and […]