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BetMGM Sees 2023 Sales at Top End of Range, Profitability in Second Half
Online casino and sportsbook operator BetMGM said Monday that its 2023 revenue will come in at the high end of a previously forecast range of $1.8 billion to $2 billion while reiterating...
MGM Grand Detroit Workers Finally End Strike
Hospitality workers at MGM Grand Detroit approved a new contract this past weekend and brought their 47-day strike to a halt. The unionized employees voted for the new deal on Saturday, calling...
MGM Unveils Empire City Overhaul in Hopes of Securing New York Casino License
MGM Resorts International unveiled Wednesday the company's vision for what its Empire City Casino might look like if the property is awarded one of the three downstate New York gaming concessions that...
MGM CFO Halkyard Says F1 Broke Vegas Records, Sees More Share Buybacks
The November 18 Las Vegas Grand Prix, Formula One’s (F1) first visit to Sin City in four decades, delivered for Strip operators as the event represented the highest-grossing weekend in the history...
MGM Top-Ranked Casino Company for Veterans Employment
MGM Resorts International is one of the highest-ranked employers for military veterans, and the only casino operator to appear on MiltaryTimes’ ?“Best for Vets 2023 Employers” list. Overall, the largest operator on...
Pansy Ho Not Liquidating MGM China Equity Stake
Pansy Ho, cochairperson at MGM China, is unlikely to materially alter her stake in the gaming company, despite a recent move that suggests otherwise. Ho, Macau casino patriarch Stanley Ho’s eldest daughter,...
MGM Resorts Workers Overwhelmingly Approve New Contract
Hospitality employees at Las Vegas’ MGM Resorts strongly voted Tuesday for a new labor agreement. When the votes were tallied, 99% of Culinary Union members voted for the five-year deal. The contract...
Las Vegas Grand Prix Most-Wagered F1 Race in BetMGM History
Last Saturday’s inaugural Las Vegas Grand Prix was the most bet-on Formula One (F1) race in the history of BetMGM. The race was won by Dutchman Max Verstappen, F1's three-time defending champion....
Las Vegas Caesars Workers Agree to New Contract- Wynn, MGM Votes Next
A new hospitality workers’ contract is in place at Caesars Entertainment properties in Las Vegas. That's after it was overwhelmingly approved by rank-and-file union members on Monday. Thousands of Culinary Union members...
Detroit Casinos Strike Ends at Hollywood, MotorCity, But Not For MGM
After more than a month on the picket lines, workers at two Detroit casinos are returning to work this week. However, the strike continues at the city’s third major casino. Workers at...