Casino
November 11, 2020
Detroit Casinos Report $101.4 Million Revenue in October, 18.9% Drop Year-on-Year
Aggregated revenue from Detroit’s three casinos totaled $101.4 million while operating at 15% since reopening this summer. October Results Better Than September Detroit’s three casinos reported $101.4 million in revenue in October. Compared with September’s results, revenue increased by 6.7%. Casinos still operate at 15% capacity to limit the spread of Covid-19. Slot machines and […]
Casino
October 31, 2020
MGM Planning Mid-Week Change of Schedule for Strip Casinos
MGM revealed that it may change the mid-week schedule for some of its Las Vegas Strip casinos. Upon releasing Q3 results, the operator marked a 68% net revenue decrease for the Las Vegas Strip properties when comparing year-on-year results. MGM May Introduce Mid-week Change of Schedule for Some Strip Properties The gaming industry giant MGM […]
Casino
October 21, 2020
MGM Resorts to Restart Live Entertainment at 3 Strip Venues
MGM Resorts has announced the return of live entertainment options at three locations on the Las Vegas Strip starting on November 6. Entertainment Returns to MGM Properties on the Las Vegas Strip The push for the normalization of the casino industry in one of America’s main gambling arteries – Las Vegas – is going at […]
Business
October 16, 2020
MGM Resorts Only Vegas Strip Giant on Forbes’ Best Employer List
MGM Resorts International has been added on the list of 750 World’s Best Employers for 2020 compiled by Forbes with the help of Statista. Forbes Distinguishes MGM Resorts International as Employer Forbes has distinguished MGM Resorts International in its list of 750 World’s Best Employers for 2020. The casino giant secured 107th place. MGM Resorts […]
Business
October 13, 2020
MGM Resorts Completes $750M Senior Notes Offering Due 2028
MGM Resorts International announced in an investor update today it successfully completed a previously announced issuance of senior notes to the amount of $750 million due 2028 and priced at 4.75% annually. The new debt issuance was initiated in April, amid the uncertainty regarding the ongoing health crisis which forced federal and state authorities to […]
Business
October 10, 2020
SEIA Recognizes MGM Resorts for Success in Clean Energy
The Solar Energy Industries Association has recognized MGM Resorts International for sustainability and clean energy in the latest Solar Means Business report. MGM Resorts International Receives Recognition for Clean Energy Commitment The future of the casino industry is greener, cleaner and sustainable. Or, so the latest Solar Means Business report compiled by the Solar Energy […]
Casino
October 9, 2020
MGC Allows Commercial Casinos to Reintroduce Roulette Tables
MGM Springfield and Encore Boston Harbor have been allowed to reintroduce roulette gaming as the Massachusetts Gaming Commission (MGC) approved the health and safety measures related to roulette gambling and reversed its July and August decisions. Allow State Roulettes or Risk Player Outflow During its meeting Thursday the MGC decided to finally allow the two […]
Casino
September 15, 2020
Park MGM Reopens Smoke-Free on September 30
Park MGM and NoMad Hotel will reopen for visitors on September 30. MGM Resorts announced on Monday that both properties will be completely smoke-free once they reopen doors. Closed Back in March, MGM Park Reopens at the End of September The last MGM property which is still closed – Park MGM will reopen on September […]
Business
September 11, 2020
Former MGM CEO Mulls New Gaming & Entertainment Projects
Former MGM Resorts International CEO Jim Murren is pursuing potential deals in online gaming, live events and other entertainment-related businesses, according to a Bloomberg report. Murren, who led the casino company for more than a decade before stepping down in March teamed up with Edward King and Daniel Fetters, both Morgan Stanley veterans, in search […]
Casino
September 2, 2020
Las Vegas Unions Agree on Health Benefits for Casino Employees
Some 36,000 employees of MGM Resorts and Caesars will receive health benefits until March 1, 2021, following a recent agreement with two unions in Las Vegas. Culinary Union executive Geoconda Argüello-Kline said that the agreements are “historic”. Las Vegas Unions in an Agreement with MGM Resorts and Caesars Thousands of working and furloughed employees at […]