Business
January 7, 2021
Snow Lake Capital Urged MGM Resorts to Sell 20% in MGM China
MGM Resorts would achieve synergies and ensure a retendering of the MGM China concession in Macau if it sells a 20% stake from its Chinese subsidiary to a strategic partner from the internet or travel and leisure industries in China, Sean Ma, Founder and CEO of Snow Lake Capital investment fund wrote in a letter […]
Business
January 7, 2021
MGM Resorts Appoints Jonathan Halkyard as CFO
MGM Resorts has appointed Jonathan Halkyard to the position of Chief Financial Officer at a crucial time for the recovery of the company. New CFO Named at Crucial Time US leading gaming operator MGM Resorts International announced on January 6 the appointment of former Caesars Entertainment executive Jonathan Halkyard as its new Chief Financial Officer. […]
Business
January 5, 2021
MGM Says Proposal for Merger with Entain on Table
After Entain’s confirmation, MGM Resorts International has now acknowledged publicly that it has indeed pitched a proposal for a merger with Entain, looking to consolidate the companies’ footprint globally and in the United States. MGM Confirms Proposal for Merger with Entain MGM Resorts International has confirmed that it has made a proposal to merge […]
Business
January 4, 2021
MGM Resorts Attempting to Buy Entain, Says WSJ
MGM Resorts has reportedly made an offer for Entain’s business that includes a substantial stock component, after the company previously rebuffed a $10 billion all-cash bid, Wall Street Journal has reported. Entain Reportedly in Acquisition Talks with MGM Resorts MGM Resorts is looking to buy out Ladbrokes owner Entain, the company which recently rebranded from […]
Sports
December 19, 2020
BetMGM’s Sports Betting App Goes Live in Pennsylvania
Sports betting and online casino operator BetMGM announced Friday it launched its sports wagering app in Pennsylvania to allow state bettors to take advantage of MGM Resorts’ rewards program and further expand its presence in sports betting jurisdictions nationwide. Excitement for Sports Fans The announcement for the sports betting app going live in the Keystone […]
Business
December 5, 2020
MGM Resorts Shakes Up Corporate Team, Appoints New COO
MGM Resorts International announced Friday major changes in its corporate leadership team while naming long-term executive Cory Sanders as COO. The End of MGM Resorts’ Corporate Reorganization US hospitality and entertainment group MGM Resorts International appointed chief financial officer Corey Sanders to chief operating officer on Friday. Until the company finds a replacement for the […]
Industry
December 4, 2020
MGM Resorts and MGM Growth Properties Announce Redemption of $700 Million Partnership Units
MGM Resorts had $700 million as part of its agreement with MGP to exchange $1.4 billion of the MGP Operating Partnership units owned by MGM Resorts for cash by February 2022. MGM Resorts Left with 53% Stake in MGM Growth Properties On Wednesday, MGM Resorts announced it has reduced its ownership stake in its real […]
Casino
November 21, 2020
MGM’s Mandalay Bay and Mirage to Remain Shut Monday-Thursday
MGM Resorts International is experimenting with operational times, cutting mid-week schedule for The Mirage and Mandalay Bay. Mandalay Bay and Mirage Shut-down during Mid-week The Las Vegas Strip is handling the covid-19 outbreak in a piecemeal way. On the one hand, you have Nevada Gov. Steve Sisolak who tested positive for the novel coronavirus and […]
Business
November 18, 2020
MGM Growth Properties Offers Senior Unsecured Notes for $750M
MGM Growth Properties is looking to raise $750 million of senior unsecured notes, priced at 3.875% and due 2029 at par, the real estate trust announced Tuesday. The offering which was upsized by $250 million from the initial $500 million, is expected to close November 19, subject to customary closing conditions. MGM Resorts’ Redemption Right […]
Business
November 13, 2020
BetMGM Appoints Former MGM Chief Corporate Counsel Hagopian
BetMGM, the sports betting brand of the joint venture of GVC Holdings and MGM Resorts, Roar Digital, announced Thursday a new addition to its executive team, as Andrew Hagopian, former Chief Corporate Counsel of MGM Resorts, is joining as its Chief Legal Officer. Responsible for Legal and Compliance Departments Hagopian, who holds a J.D. from […]