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MGM Resorts Sells Springfield Casino Real Estate to MGP for $400M
MGM Resorts International (NYSE:MGM) is selling its MGM Springfield integrated resort to MGM Growth Properties (NYSE:MGP), the gaming company's primary landlord, for $400 million in cash. The deal is a sale-leaseback transaction,...
MGM Resorts U-Turns Free Las Vegas Parking Policy, Charges Return June 1
MGM Resorts was the driving force behind eliminating in 2016 the one comp that was afforded for decades to Las Vegas Strip visitors of all tiers: free parking.? During the 2020 pandemic,...
MGM National Harbor Opens Outdoor Gaming and Smoking Terrace
MGM National Harbor is ready for the warm summer months, as well as guests who might prefer to light up a cigarette while gambling on a slot machine. The $1.4 bill integrated...
MGM’s Borgata Drops Trade Secrets Lawsuit Against Atlantic City Rival Ocean Casino
A lawsuit brought by Borgata and its parent company, MGM Resorts International, against its Atlantic City competitor Ocean Casino Resort has been settled, according to a statement issued this week from MGM....
Chicago Officials Remain Optimistic About Casino Interest Despite MGM Pass
Officials in Chicago remain optimistic regarding interest for the city's lone gaming license, despite MGM Resorts announcing this week that the odds of it making a bid are long. During the company's...
Chicago Not MGM Kind of Town, Says CFO Halkyard
MGM Resorts International (NYSEARCA:MGM) is weighing domestic expansion opportunities. But Chicago isn't part of those plans. CFO Jonathan Halkyard said there are complexities associated with bringing an integrated resort to the third-largest...
Late MGM Resorts Founder Kirk Kerkorian Finally Gets Wish, as US Recognizes Armenian Genocide
Kirk Kerkorian, the founder of MGM Resorts, wanted the United States to formally recognize the Armenian genocide for much of his life. Nearly six years after his passing in June of 2015...
BetMGM Penalized $10K Plus Fine For NFL Playoff Typo
During the NFL AFC Divisional Round playoff game between the Cleveland Browns and Kansas City Chiefs in January, a technical glitch on the BetMGM online sportsbook platform ended up costing the operator...
BetMGM Has Analysts Fawning for MGM Stock
MGM Resorts International (NYSE:MGM) is one of the largest operators of land-based casinos in the world, managing some of the most well-known venues on the Las Vegas Strip and elsewhere. But it's...
BetMGM Forecasts $32 Billion iGaming, Sports Betting Market, Aims for 25 Percent Share
BetMGM is targeting a long-term market share of 20 percent to 25 percent in the booming US online casinos and sports betting industries. Recent data confirm the operator is well on its...