Tag Archives MGM

MGM Resorts International contemplating further casino sales

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The boss for American casino operator, MGM Resorts International, has reportedly announced that his firm is working to implement an ‘asset-light’ strategy that could soon see it offload its giant, MGM Grand Las Vegas venue. According to a report from the Las Vegas Review-Journal newspaper, Jim Murren serves as Chairman and Chief Executive Officer ...

MGM Resorts International agrees ‘historic partnership’ with Verizon Media

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American digital media innovator, Verizon Media, has announced the signing of a multi-year deal that is to see casino behemoth MGM Resorts International serve as an official sportsbetting partner for its Yahoo! Sports division. Verizon used an official press release to declare that the alliance is to involve MGM Resorts International and its Roar ...

MGM Resorts International close to selling Circus Circus Las Vegas

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American casino operator, MGM Resorts International, is reportedly in advanced talks to offload its family-friendly Circus Circus Las Vegas property to an entity controlled by the man behind the nearby Treasure Island Las Vegas venue. According to a Monday report from the Las Vegas Review-Journal newspaper, the Las Vegas-headquartered firm reached a handshake agreement ...

Pole position for MGM Resorts International in Osaka casino license race

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American gambling behemoth, MGM Resorts International, reportedly looks best placed in the race to be selected to run the integrated casino resort being planned for the giant Japanese city of Osaka. According to a report from GGRAsia, this is the opinion of global credit ratings firm, Fitch Ratings Incorporated, following recent decisions by rival ...

Holding firm of late Kirk Kerkorian sells remaining shares of MGM

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The business that once connected the late Kirk Kerkorian and MGM Resorts International (NYSE:MGM) is no more after on Monday the Las Vegas-based global hospitality and entertainment company revealed that the holding firm, Tracinda Corporation, owned by MGM’s late founder, has sold its remaining shares in the casino giant. Kerkorian passed away on June ...

MGM Resorts International eyeing MGM Grand and Bellagio Las Vegas sales

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American casino operator, MGM Resorts International, is reportedly engaged in advanced negotiations that could see it sell its MGM Grand and Bellagio Las Vegas properties to private equity firm, Blackstone Group, for approximately $7 billion. According to a Monday report from the Bloomberg news service, the giant casino firm is said to be exploring ...

MGM Springfield boss remaining optimistic despite disappointing financials

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In Massachusetts and the boss for the $960 million MGM Springfield has reportedly asserted that the city-center property is headed in the right direction despite being on track to post disappointing first-year gross gaming revenues. According to a Monday report from The Boston Globe newspaper, Michael Mathis serves as President and Chief Operating Officer ...

MGM Resorts files federal lawsuit against the US Interior Department over East Windsor, Connecticut tribal casino

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In the seemingly endless drama surrounding a proposed East Windsor casino, American global hospitality and entertainment company, MGM Resorts International has sued the U.S. Interior Department over changes it approved in the state’s gaming compacts with the Mashantucket Pequot and Mohegan Indians in March. Filed on August 7 in U.S. District Court in Washington, ...