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MGM Springfield Cleans House, New Executives Named to Jumpstart Casino Resort
MGM Springfield has replaced two key executives in hopes of reenergizing the struggling $960 million integrated casino resort. Property President Michael Mathis is exiting the role after six years. He was named...
MGM Testing Obscure Sports Betting Appetite With National Lacrosse League Partnership
MGM Resorts's BetMGM unit, that company's partnership with GVC Holdings, unveiled a deal with the National Lacrosse League (NLL), marking the first wagering compact for that sport in the US. Financial terms...
Connecticut and Massachusetts Casinos Struggle in December, MGM Springfield Posts Worst Month Ever
Connecticut and Massachusetts casinos struggled last month, as gross gaming revenue (GGR) declined at each of the tribal and commercial gaming properties. In Connecticut, Foxwoods and Mohegan Sun both reported reduced win...
MGM Analysts Cheer Latest Asset Sales, Some Forecast Cash For Japan, More Real Estate Moves
On Tuesday, MGM Resorts International (NYSE:MGM) announced the sales of Mandalay Bay and MGM Grand for $4.6 billion, moves that are being cheered by analysts that see cash being freed up to...
MGM Resorts Selling Mandalay Bay, Grand to Blackstone, MGP For $4.6 Billion, Will Leaseback Strip Venues
MGM Resorts International (NYSE:MGM) is selling the MGM Grand and Mandalay Bay on the Las Vegas Strip to a joint venture controlled by MGM Growth Properties (NYSE:MGP) and Blackstone Real Estate Income...
Nevada Regulators Green-Light MGM-GVC Sports Betting Venture ROAR Digital
The Nevada Gaming Control Board (NGCB) gave preliminary approval Wednesday to ROAR Digital, the joint online sports betting venture between MGM Resorts International and GVC. Barring an unlikely veto from the Nevada...
MGM Resorts CEO Jim Murren Praises Gaming Industry, Says Casino Operators ‘Pioneering Corporate Cultures’
MGM Resorts CEO Jim Murren had no qualms identifying the numerous ways in which the gaming industry is benefitting society as a whole across the United States and beyond. In a commentary...
Nevada Gaming Commission Signs off on MGM $825 Million Circus Circus Sale to Ruffin
The Nevada Gaming Commission (NGC) on Thursday gave the green light to MGM Resorts International for its $825 million sale of the Circus Circus to billionaire Phil Ruffin. MGM, the largest operator...
Pansy Ho Continues Reducing MGM Resorts Investment, Stake Down to 1.78 Percent Following Latest Sales
Pansy Ho, the eldest daughter of Macau gaming mogul Stanley Ho, continues paring her stake in MGM Resorts International (NYSE:MGM). From Nov. 26 through Dec. 12, Ho sold nearly 2.45 million shares...
MGM Springfield Casino Win Declines Six Percent, Massachusetts Gaming Industry Passes Milestone
MGM Springfield once again reported troubling gross gaming revenue (GGR) on its casino floor. The property disclosed that win declined more than six percent in November. The $960 million integrated casino resort,...