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MGM Resorts’ Jim Murren Says Sands Hasn’t Been Loyal to Osaka, as Casino Giants Battle for License
MGM Resorts boss Jim Murren admits opening an integrated casino in Osaka by 2025 will be difficult, but he believes his company can get the job done in time for Japan's hosting...
MGM Resorts Announces Second Round of Layoffs, 1,033 Positions Now Eliminated
MGM Resorts is meeting with 557 employees today to inform them their services are no longer needed. It's the second round of layoffs in as many months for the casino giant that...
Despite Recent Returns, Analysts Bullish on MGM Resorts Stock as Company Seeks to Control Costs
Shares of MGM Resorts International are up just 5.3 percent year-to-date, barely more than half the year-to-date gain of rival Las Vegas Sands Corp. and just over a third of the returns...
MGM, Wynn Agree to Back Down from Talks Regarding Encore Boston Harbor
MGM Resorts will not end up buying Wynn Resort’s soon-to-open Encore Boston Harbor after all. Both companies announced the decision Tuesday night, less than a week after they jointly announced the start...
Analyst Trims Price Targets on MGM, Sands, and Wynn as Macau Revenues Drop
Citing a variety of factors, Union Gaming analyst John DeCree -- who heads up the company's North America Equity/High Yield Research division in New York -- has forecast a larger decline in...
MGM in Talks to Buy $2.6 Billion Encore Boston Harbor from Wynn Just Weeks Before Grand Opening
Wynn Resorts is mulling the sale of its $2.6 billion Encore Boston Harbor in Everett, Massachusetts, to MGM Resorts. The two companies confirmed a sale could be in the cards in a...
MGM Estimates $800 Million Settlement for Las Vegas Shooting Victims, ‘Not Even Close,’ Says Lawyer
MGM Resorts International said Thursday it could reasonably expect to pay around $800 million to settle lawsuits related to the 2017 Las Vegas shooting. In a filing to the Securities and Exchange...
MGM Springfield GGR Plummets 15 Percent in April, Casino Nearly $100M Short of Expectations
Massachusetts' MGM Springfield reported a month-to-month 15 percent gross gaming revenue (GGR) decline for April, but company officials aren't overly concerned with the $960 million integrated casino resort's performance. Financial data supplied...
MGM-GVC Venture, Roar Digital, Launches Borgata-Branded Online Sports Betting Platform in New Jersey
In a week that marked one year since the US Supreme Court shot down the federal ban on sports betting, Atlantic City’s Borgata Casino launched its own online wagering platform, BorgataSports.com. The...
MGM China CEO Grant Bowie Confident in Macau Despite US-China Trade War
MGM China CEO Grant Bowie told reporters this week that he remains bullish on Macau's economy and gaming industry despite the ongoing trade war between the United States and China. Speaking with...