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VICI Properties Wraps Up $17.2B Purchase of MGM Growth
VICI Properties (NYSE:VICI) has closed its $17.2 billion acquisition of MGM Growth Properties (NYSE:MGP), creating the largest casino landlord on the Las Vegas Strip in the process. The all-stock transaction was announced...
MGM Grand, David Copperfield Get Supportive Decision from Nevada Court
The Nevada Supreme Court has upheld a jury verdict that neither David Copperfield nor the MGM Grand Las Vegas were financially responsible for the brain injuries allegedly suffered by an audience member....
Activision Receives Subpoena on Insider Trading, MGM Investor Diller Not Mentioned
Activision Blizzard (NASDAQ:ATVI) said it’s aiding federal authorities probing insider trading activity in the video game publisher’s equity and derivatives prior to a January takeover offer by Microsoft (NASDAQ:MSFT). MGM Resorts International...
VICI Extending Deadline for Exchange of MGM Growth Notes
Casino landlord VICI Properties (NYSE:VICI) is extending the deadline for MGM Growth Properties (NYSE:MGP) investors to exchange notes in that company for comparable instruments issued by the Caesars Palace owner. The exchange...
Aerosmith Relaunches Las Vegas Residency on June 17 at Park MGM
Grammy-winning rockers Aerosmith are back in the saddle again for a Vegas residency that begins at Dolby Live at Park MGM on June 17, 2022. The stand is for three multiple-night runs,...
MGM Springfield Crook Who Cheated Table Game Ordered to Repay Casino $30K
MGM Springfield will be made whole on more than $30,000 a Massachusetts man pleaded guilty to swindling from the casino. Massachusetts Attorney General Maura Healey announced last week that a Holyoke resident...
MGM Credit Rating Lowered Further Into Junk Territory by Moody’s
Moody’s Investors Service has trimmed MGM Resorts International’s (NYSE:MGM) credit rating to “B1” from “Ba3,” moving the casino operator’s grade one notch further into non-investment grade territory. Among other issues, Moody’s cites...
MGM Osaka Resort Receives Required Prefecture and City Approvals for IR Bid
MGM Resorts International, through its MGM Japan subsidiary, has been cleared to move forward with presenting its JPY1.08 trillion (US$8.8 billion) integrated resort (IR) concept to Japan's central government. MGM is leading...
BetMGM Mishap Leads to $25k in New Jersey Fines
Last year, BetMGM took a small amount of wagers on New Jersey college basketball teams. But the state prohibits bets on games involving local universities, leading to a fine for the gaming...
GAN Hits MGM Resorts with Patent Infringement Suit
Gaming technology provider GAN Ltd. (NASDAQ:GAN) is suing MGM Resorts International (NYSE:MGM). It alleges the Mandalay Bay operator is infringing on one of the tech company’s patents to link its casino and...