Tag Archives MGM

MGM China Holdings Limited details dire second-quarter financials

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The MGM China Holdings Limited subsidiary of American casino operator MGM Resorts International has reportedly released its second-quarter financial results showing that its net revenues tumbled by 95% year-on-year to just $33.2 million. According to a report from Inside Asian Gaming, business at the operator’s two venues in Macau has been severely damaged by ...

Minority stake for MGM Resorts International in planned Osaka casino project

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The newly-installed boss for American casino operator MGM Resorts International has reportedly revealed that his company will hold a minority stake in the gambling-friendly development it is working to bring to the Japanese city of Osaka. According to a report from GGRAsia, Bill Hornbuckle (pictured) was officially appointed to serve as the latest President ...

MGM Resorts International appoints Bill Hornbuckle full-time boss

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American casino operator, MGM Resorts International, has announced that it has named long-time company executive Bill Hornbuckle (pictured) to serve as its latest official President and Chief Executive Officer. The Las Vegas-headquartered firm used a Wednesday press release to state that Hornbuckle temporarily replaced the its outgoing boss, James Murren, in March but has ...

MGM Resorts International to layoff entertainment and sports division employees

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On Monday, MGM Resorts International alerted employees of its sports and entertainment divisions that layoffs are coming. The majority of employees in these two sectors will be laid off starting on August 31. These employees had been furloughed and were receiving benefits through next month. On September 1, the benefits will no longer be ...

MGA extends temporary shutdown of Encore Boston Harbor, MGM Springfield and Plainridge Park until May 4

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Consistent with Gov. Charlie Baker’s (R) recent order to extend a stay-at-home advisory until the first week of May, the Massachusetts Gaming Commission on Friday voted to add another month to the temporary shutdown of the state‘s three commercial casinos. Held remotely due to the fast-spreading coronavirus, the unanimous vote by the Gaming Commission ...

Brian Sandoval leaving international post at MGM Resorts International

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American casino operator, MGM Resorts International, has reportedly announced that Brian Sandoval (pictured) has resigned as its Global Gaming Development President so as to pursue the top administrative job at the University of Nevada Reno. According to a Wednesday report from the Reno Gazette-Journal newspaper, 56-year-old Sandoval served as the Governor of Nevada for ...

Bill Hornbuckle appointed new boss of MGM Resorts International

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American casino operator, MGM Resorts International, has announced that Bill Hornbuckle (pictured) has been selected to replace the outgoing James Murren as its latest Chief Executive Officer. The Las Vegas-headquartered firm used an official Sunday press release to declare that Hornbuckle is ‘a four-decade veteran of the gaming industry’ and most recently worked as ...

Coronavirus sees Wynn & MGM suspend ops in Las Vegas: temporary closings also in NY, MA, MI, OH and CA cardrooms

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There will be a little less “sin” in Sin City for the foreseeable future after two of the biggest operators in Las Vegas, MGM Resorts International and Wynn Resorts, announced they would be closing their flagship properties in an effort to stem the spread of the coronavirus (COVID-19). According to the Sunday announcement from ...

MGM Resorts International cancels share buy-back plans

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Anxieties over the financial impact of the ongoing coronavirus outbreak have reportedly prompted American casino operator MGM Resorts International to cancel its plan to buy back shares worth approximately $1.25 billion. According to a Thursday report from the Las Vegas Review-Journal newspaper, the New York-listed casino giant revealed that it had abandoned the scheme ...

MGM Resorts International introducing BetMGM to its Las Vegas estate

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American casino operator MGM Resorts International has announced that its nine venues in Las Vegas have begun rolling out the new mobile-friendly BetMGM sportsbetting service so as to give aficionados the ability to place wagers on a wide range of professional and collegiate sporting events. The Las Vegas-headquartered firm used an official Friday press ...

Computer hackers target MGM Resorts International customer information

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American casino operator MGM Resorts International was reportedly the victim of a cyber-security breach last summer that is said to have led to the personal data of some ten million customers being exposed. According to a report from NBCNews.com, the hacked dataset included the full names, addresses, birthdates, telephone numbers and e-mail details of ...

James Murren stepping down as boss of MGM Resorts International

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American casino operator MGM Resorts International has announced that its Chairman and Chief Executive Officer, James Murren (pictured), is to step down before the expiration of his current contract. The Las Vegas-headquartered firm used an official Wednesday press release to detail that Murren joined its ranks in 1998 as Chief Financial Officer and has ...

MGM Resorts Incorporated inks lease-back deals for pair of Las Vegas venues

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After inking a lease-back agreement for its Bellagio Las Vegas venue in October and American casino giant MGM Resorts International has now announced the signing of a similar deal covering its MGM Grand Las Vegas and Mandalay Bay Resort and Casino Las Vegas venues. The Las Vegas-headquartered firm used an official Tuesday press release ...

Pansy Ho offloads another significant MGM Resorts International stake

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In Macau, the Co-Chair for local casino operator MGM China Holdings Limited, Pansy Ho (pictured), has reportedly made approximately $140.2 million after offloading a 0.87% stake she held in parent firm MGM Resorts International. According to a Thursday report from GGRAsia, the sale of some 4.5 million shares was conducted over a five-day period ...

MGM Resorts International soliciting interest in pair of Las Vegas properties

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After recently inking lease-back deals for a pair of its properties and American casino operator MGM Resorts International is now reportedly trying to similarly offload its MGM Grand Las Vegas and Mandalay Bay Resort and Casino Las Vegas venues. According to a Monday report from the Bloomberg news service citing anonymous sources, the Las ...

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 ...