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Atlantic City Casinos Win $250.7M in April, MGM Resorts Developing Marina District Condos
Atlantic City casinos won more than $250.7 million in land-based, online, and sports betting gross gaming revenue (GGR) last month, which is a nearly 17 percent year-over-year gain. The beachfront town's nine...
MGM Resorts Director Paul Salem Invests Over $20M in 800K Company Stock Shares
Paul Salem -- recently appointed member of MGM Resorts International's?board of directors -- is betting on higher prices for the casino operator's stock. A filing with the Securities and Exchange Commission (SEC)...
MGM Resorts Officially Announces Japan IR Partnership With Orix
The first Japan IR (integrated resort) consortium has officially been unveiled, and comes from MGM Resorts and financial services firm Orix. News of the partnership surfaced in late March, but it was...
MGM Resorts Stock Drops on Q1 Earnings, Company Focused on ‘2020 Plan’ and Job Cuts
MGM Resorts shares on NASDAQ fell this week after the company revealed its quarter one earnings that came in far below expectations. The consensus among Wall Street analysts called for Q1 adjusted...
MGM Resorts’ Mountain of Debt Not Deterring Investors, at Least for Now — Q1 Earnings Report Coming Monday
As of April 24, MGM Resorts' market capitalization (the amount of shares outstanding multiplied by the stock price) was $14.94 billion, meaning MGM market value is roughly equivalent to its debt. That...
MGM Resorts Announces 254 Managerial Layoffs Days After Being Named to ‘Best Large Employer’ List
MGM Resorts is terminating 254 managers, as Nevada's largest employer continues to cut overhead in an effort to save $100 million by the end of the year. The Las Vegas Review-Journal says...
MGM Resorts Ventures Beyond Gaming Universe for Talent in Branding, Digital Initiatives
MGM Resorts has gone to the outside to select Atif Rafiq -- a pioneering chief digital officer -- as its first president of commercial and growth. The recent appointment comes as company...
MGM Springfield Casino Win Soars 19 Percent, $25.7M Haul Resort’s Second All-Time Best Month
MGM Springfield enjoyed a prosperous March where the integrated resort saw its casino floor win $25.7 million, an increase of 19 percent compared to the prior month. The $960 million property opened...
MGM Resorts Enters Ohio Gaming Market as MGM Northfield Park Opens Its Doors
From Wednesday, gamblers visiting the Northfield Park racino, near Cleveland, will be greeted by a?seven-foot-tall statue of Leo the Lion. That’s because the track, known as "the Home of the Flying Turns"...
Maryland Casinos Report Record Win, Live! Gains Market Share on MGM National Harbor
Maryland casinos won $163.2 million last month in, a record haul in terms of gross gaming revenue (GGR). MGM National Harbor again led the way, with the property reporting more than $62.7...