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MGM Resorts Selling $750M in Debt to Retire 2025 Issue
MGM Resorts International (NYSE: MGM) announced Monday that it will sell $750 million in corporate bonds to fund the retirement of debt coming due next year. The Bellagio operator said it is...
MGM China, Wynn Macau Deliver Unexpected Special Dividends
Heading into 2024, it was widely expected that most, if not all, of the six Macau concessionaires would delay the resumption of dividends. It was expected? to fortify their balance sheets and...
MGM Contemplates Potential Sale of Massachusetts and Ohio Locations
MGM Resorts International (NYSE: MGM) is rumored to be mulling sales of the operating rights to its regional casinos in Massachusetts and Ohio. Citing unidentified sources with knowledge of the matter, Bloomberg...
MGM Credit Rating Affirmed at Junk Status By Moody’s
MGM Resorts International’s (NYSE: MGM) noninvestment-grade credit rating of “B1” was affirmed by Moody’s Investors Service, which maintained a “stable” outlook on the gaming company’s credit profile. The “B1” grade is four...
BetMGM, Marriott Bonvoy Team Up on Loyalty Points Deal
BetMGM and Marriott Bonvoy, the hotelier’s customer loyalty platform, are teaming up on a program that allows the gaming company’s clients to earn travel rewards. Bettors in the states in which BetMGM...
MGM Requests Yonkers Zoning Changes in Hopes of Winning NY Casino License
MGM Resorts International is asking the city of Yonkers, home of the operator’s Empire City Casino, for various zoning changes. The move comes in advance of New York regulators awarding three downstate...
MGM Resorts Says Macau’s Foreigner-Only Gaming Zone Plan Was a Clunker
Efforts to introduce foreigner-only gaming zones at Macau casinos have fallen flat with international gamblers, according to MGM Resorts CEO and president Bill Hornbuckle. As first reported by Inside Asian Gaming, Hornbuckle...
VEGAS MYTHS BUSTED: MGM Grand Fire Victims Died Because They Wouldn’t Leave Slots
This is by far the most repulsive myth we’ve had the displeasure of busting. Enough real lessons were learned from the MGM Grand Hotel fire, which claimed 87 lives on Nov. 21,...
MGM Resorts Refutes Report Claiming Bruno Mars Owes it $50M Gambling Debt
UPDATE: Via a statement issued on Monday to the Las Vegas Review-Journal newspaper, MGM Resorts said that Bruno Mars "has no debt with MGM,"? adding: "MGM and Bruno's partnership is longstanding and...
MGM Open to Casino Opportunities in Thailand, UAE, Says CEO Bill Hornbuckle
The United Arab Emirates is a “fascinating” jurisdiction, and Thailand could be a market that MGM Resorts International (NYSE: MGM) eventually pursues, according to CEO Bill Hornbuckle. He made remarks to that...