Casino
April 7, 2021
MGM Resorts Remains Only Suitor for an Osaka Integrated Resort
It might be taking longer than expected, but Japan’s attempt to bring integrated resorts (IR) to the country is moving forward. There are several cities still vying for position as one of the first three to be selected to host a major casino, and Osaka remains at the top of the list. As anxious as the city is to […]
Business
March 30, 2021
MGM Appoints Jeff Mochal as SVP of Corporate Communications
Global entertainment and hospitality operator MGM Resorts International announced a new addition to its ranks as Jeff Mochal joined the company as Senior Vice President of Corporate Communications. Corporate Communication and Strategy Former LPL Financial Senior Vice President for Marketing and Communication Jeff Mochal will be based in Las Vegas and tasked with responsibilities around […]
Legal
March 12, 2021
MGM Violates Consumer Protection Act by Charging Resort Fees
A lawsuit against MGM Resorts International arguing resort fees the casino and hospitality operator charges at its MGM National Harbor violate the District of Columbia’s Consumer Protection Act. “Resort fees are a clear violation of DC’s consumer protection laws.” Lauren Wolfe, Counsel, Travelers United Resort Fees Are Deceptive The lawsuit for charging “deceptive” resort fees […]
Industry
March 9, 2021
MGM Resorts and BetMGM Raise Awareness of Problem Gambling
MGM Resorts and BetMGM will work with the National Council on Problem Gambling to educate workers and customers on responsible gambling and gambling addiction. MGM Resorts and BetMGM Join Forces With NCPG US-based casino and hospitality company MGM Resorts and its online sports betting venture BetMGM have joined forces with the National Council on Problem […]
Business
February 12, 2021
MGM Resorts to Expand iGaming Operations, 2020 Revenue Down 60%
MGM Resorts announced it will focus on its iGaming operations after reporting a 60% drop in revenue for 2020. Operations Strongly Affected by Covid-19 in 2020 Leading casino operator MGM Resorts reported a 60% decrease in revenue in 2020, down $1.03 billion to $5.16 billion year on year, and announced it will expand its online […]
Business
January 22, 2021
BetMGM Raises 2020 Revenue Forecast Ahead of Michigan Launch
Sports betting brand BetMGM raised its 2020 revenue forecast following strong performance in the fourth quarter during which the company saw the number of active customers nearly double the one from the previous quarter. Double Digit Raise in Revenue Forecast BetMGM announced in October expectations for net gaming revenue (NGR) between $150 million and $160 […]
Business
January 19, 2021
MGM Resorts Would Not Table a Firm Takeover Bid for Entain
Las Vegas-based gaming and hospitality company MGM Resorts announced Tuesday it would not proceed with a firm bid for Entain PLC after having its latest proposal worth $11 billion rejected. All-Stock Bid Swiftly Rejected MGM Resorts offered an all-stock deal to Entain shareholders in which each share at the Isle of Man-registered gaming group would […]
Business
January 15, 2021
Entain Looking to Appoint Jette Nygaard-Andersen as CEO: Sources
In the midst of a takeover bid from North American partner MGM Resorts, the rebranded GVC Holdings, Entain, is reportedly seeking to appoint Jette Nygaard-Andersen as permanent CEO to take over from departing CEO Shay Segev. Jette Nygaard-Andersen to Potentially Take Entain’s Top Job Entain is reading up to inaugurate its first female chief executive, […]
Industry
January 10, 2021
IAC to Support MGM Entain Takeover Bid
MGM Resorts shareholder IAC ready to invest US$1 billion in Entain acquisition MGM and Entain Could Become Global Gaming and Entertainment Leader Media and internet company IAC/InterActiveCorp vowed to help MGM Resorts International in its bid to acquire British online betting firm Entain PLC. The US media giant, founded by Barry Diller, boasts a 12% […]
Business
January 8, 2021
MGM China Has No Plans for Company Restructuring
MGM China, following a statement from its parent company MGM Resorts in response to a letter sent by the Chinese subsidiary’s largest public shareholder Snow Lake Capital, released a statement of its own, claiming the company has no plans for ownership restructuring. Open Letter to MGM Resorts The letter from Snow Lake Capital which holds […]