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MGM Faces DC Lawsuit from Travelers’ Group Over Resort Fee Practice
A nonprofit organization that represents travelers’ interests has filed a lawsuit in the District of Columbia against MGM Resorts International. The suit claims the hospitality and gaming company deceives customers by hiding...
Maryland’s MGM National Harbor Bloody Shooting and Robbery Has New Details
Specifics were reported this week six months after a man was shot twice in the groin during an armed robbery at Maryland’s MGM National Harbor casino-hotel. He had won $60,000 earlier at...
MGM Stock Pops as Analyst Forecasts Benefits from Nevada Capacity Increase
Domestic gaming equities are scuffling Tuesday, but MGM Resorts International (NYSE:MGM) is soaring. That's on the back of an analyst upgrade and upward price target revision. In a note to clients today,...
Las Vegas Sands, MGM, Wynn Highlighted by Wells Fargo as COVID-19 Rebound Plays
Several well-known gaming companies are among the consumer discretionary names favored by Wells Fargo, as the bank upgrades the sector, citing an unusual consumer strength. In a note out today, the bank...
BetMGM Seeks to Build Sports Betting Brand Through Partnership with Topgolf
BetMGM has found another partner to help promote the mobile sports betting and iGaming product to a new customer base. On Friday, the company announced it reached an agreement with Topgolf Entertainment...
MGM Resorts Resuming Weekly Hotel Operations at Mandalay Bay, Mirage, and Park MGM
MGM Resorts announced today that weekly hotel operations are resuming at three of its casino resorts located on the Las Vegas Strip. Effective March 3, the hotels at Mandalay Bay, The Mirage,...
MGM Execs Discuss Paring MGP Stake, Wall Street Focusing on Sports Betting, Strip Recovery
MGM Resorts International (NYSE:MGM) reported fourth-quarter results after the close of US markets Wednesday and in a subsequent conference call with analysts. The BetMGM unit and the operator's plans for its equity...
MGM Pops After Board Member Meister Touts Sports Betting Prospects
Shares of MGM Resorts International (NYSE:MGM) rallied ahead of the company's earnings report later today. That's after board member Keith Meister talked up the operator's sports betting prospects in an interview with...
Jim Murren Blank-Check Firm Acies Merging with MGM-Backed Playstudios in $1.1 Billion Deal
Acies Acquisition Corp. (NASDAQ:ACAC), a special purpose acquisition company (SPAC) started by former MGM Resorts International (NYSE:MGM) CEO Jim Murren, is merging with social casino developer Playstudios, Inc. The transaction values the...
The Athletic, BetMGM Strike Latest Betting/Media Partnership
BetMGM and The Athletic are teaming up in the newest agreement between a sportsbook operator and a media property. The financial terms of the pact weren't disclosed. But BetMGM is becoming the...