Sunday, November 29, 2020

Tag: MGM Resorts

Hornbuckle takes the MGM helm as Murren heads Covid-19 taskforce

MGM Resorts Las Vegas
Stepping down from his role of MGM CEO months earlier than expected, Jim Murren will lead Nevada’s battle against COVID-19 as COO Bill Hornbuckle accepts a promotion to acting CEO and president to give

MGM Resorts finalises $825m sale of Circus Circus to Phil Ruffin

MGM resorts Phil Ruffin
MGM Resorts International has wrapped up the sale of the Circus Circus Las Vegas to Phil Ruffin, with the entrepreneur revealing a range of new plans..

MGM Resorts sells Bellagio to Blackstone Group

Bellagio Las Vegas Blackstone Group
The Bellagio will be put into a joint venture controlled by Blackstone as part of the sale-leaseback deal, with MGM set to continue operating the property, while the company is..

MGM Resorts enters boutique hotel space

MGM Resorts enters boutique hotel market
MGM Resorts has acquired a 50 percent stake in Sydell Group, which operates the boutique NoMad hotels and five other brands, a move analysts propose could

MGM experiences tough Q1 in Vegas, implements layoffs as part of MGM 2020 plan

MGM Resorts Las Vegas
MGM Resorts saw a 13 percent fall in gaming revenues on the Strip during Q1 2019 which it attributed to a decline in its high-end baccarat business, while..

Osaka says hai to IRs following April elections

Japan Street Osaka
Osaka has launched its request-for-concept application phase with the local government accepting operator proposals to develop an integrated resort in the region, following April’s Unified Local Elections.

MGM Resorts’ Springfield casino opens for business

MGM Resorts
The first Vegas- style casino in Massachusetts has arrived in Springfield, seven years after a tornado devastated much of the city. It might have been a long road - not a yellow brick one, but one involving a tornado nevertheless - yet last month finally saw the opening of MGM Springfield. The $960m venture from MGM Resorts represents the first Vegas-style...

MGM Springfield chooses Gasser Chair

GasserMGM Springfield
Gasser supplied more than 5,000 chairs for the new Massachusetts casino resort. Youngstown, Ohio-based Gasser Chair Company’s seating solutions are now helping enhance customers' experience at the new $960m MGM Springfield in Springfield, Massachusetts. Spanning three downtown city blocks, MGM Resorts International opened its 14-acre casino hotel and resort on 24 August. After securing the orders in late 2017, totalling more than...

Murren sets out vision for MGM Springfield

James Murren MGM
MGM’s CEO, James Murren, has confirmed that the company's new casino in Springfield will employ 3,000 people and provide annual payments of $25m to the city and $60m to local businesses. “I like being able to go into a community and make a difference. Boston’s doing great. I want to help western Massachusetts,” Murren stated, speaking at the Worcester Regional...

MGM’s strong Q1 performance in Macau undermined by so-so US results

Mandalay Bay
MGM Resort income rose 8.5 percent to $233m for Q1, but while MGM China saw a strong quarter in Macau, in the US room revenue dropped five percent primarily due to lower occupancy at the company’s Las Vegas properties. MGM Resorts net revenue for Q1 2018 rose 3.9 percent, but a boost from the opening of its new casino in...

IGT’s sports betting platform deployed in Atlantic City

ICR 189 SUPPLIER IGTSPORTSBETTING
MGM Resorts International has opted for IGT's sports betting platform to run its retail sports betting operations following New Jersey's legalisation of sports betting. IGT was selected by MGM Resorts to provide its end-to-end sports betting solution at the Borgata Hotel Casino and Spa in Atlantic City, New Jersey. The Borgata has opened for sports betting with IGT's retail point-of-sale system,...

MGM Cotai opening will see ‘a level of cannibalisation’

Glenn McCartney mgm cotai
  Glenn McCartney, Associate Professor in International Integrated Resort Management at the University of Macau, considers the prospects for MGM Cotai and discusses the effect of concession expiration on the territory's operators.   International Casino Review: What is your view on the MGM Cotai opening - how will it impact the Cotai Strip and is there a risk of cannibalisation at the...

ICE London to host Japan Networking Breakfast

Lawrence Ho ICE Japan Networking Breakfast
Gaming organisations targeting the significant business opportunities in the emergent Japanese integrated resort sector, are being invited to participate in a networking breakfast taking place at ICE London on Wednesday 7th February (8.30 - 10am, stand, N5-260).   The Japan Networking Breakfast, is being organised by Clarion Gaming ahead of its 2018 Japan Gaming Congress (JgC) which has received the endorsement of numerous...

Tribes finally get green light for third Connecticut casino

Casino Review Mohegan
The legislative sessions have finally drawn to a close, and the exclusive right to open a third casino in Connecticut has been handed to a joint tribal venture, leaving commercial operators out of luck. The protracted battle for the rights to operate a third casino venture in the north eastern state of Connecticut has drawn to a close with a...

Major operators keep a close eye on Brazilian market despite political setbacks

ICR - Brazilian legislation ccj
With the Brazilian government once again in turmoil and the mandate of President Michel Temer hanging by a thread after he was alleged to be linked to a corruption scandal in May, Casino Review looks at the prospects for the legalisation of gambling in the country.   With the Japanese market opening, the Brazilian region remains gaming’s last frontier, while the...

MGM Resorts confirm no nonsense deal for Responsible Gambling

Casino Review MGM Resorts Responsible Gambling
MGM to adopt BCLC’s GameSense program and increase awareness about responsible gambling.   The internationally recognised hospitality company, MGM Resorts International, is raising awareness about responsible gambling by adopting BCLC’s GameSense program. The agreement will see BCLC, British Columbia’s provincial gambling corporation, integrate its player-focused responsible gambling program into all MGM properties across the USA within the year. BCLC and MGM confirmed the...

MGM Resorts complete Borgata casino takeover

Casino Review, MGM Resorts, Borgata
MGM Resorts has taken over the Borgata after acquiring Boyd’s 50 percent stake. The $900m (€809.0m) deal will see Boyd Gaming receive $589m (€529m) after debt deduction.   MGM Resorts International has finalised its takeover of the Borgata casino, the highest grossing gaming venue in Atlantic City, US.   Already holding a 50 percent stake, the operator acquired Boyd Gaming’s half of the...

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