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First African American Woman to Lead Atlantic City Casino Appointed by MGM Resorts
MGM Resorts has named Melonie Johnson the next president of Borgata. She is the first African-American woman to lead an Atlantic City casino. Johnson arrives in town from MGM National Harbor, where...
MGM Analysts Divided on Stock as Executive Upheaval Continues
On Friday, a day after MGM Resorts International (NYSE:MGM) reported a first-quarter loss of 45 cents per share on a precipitous 29 percent drop in revenue, investors were treated to a nearly...
MGM Resorts Reshuffles, Consolidates Leadership as Las Vegas Strip Remains in Limbo
MGM Resorts International streamlined top management at its properties Friday. The news came on the heels of Gov. Steve Sisolak announcing that Nevada casinos will not be among the first businesses to...
MGM Earnings Sag on Virus Woes, Company Slashes Dividend by 98 Percent, Sees Bellagio Among First Reopenings
MGM Resorts International's (NYSE:MGM) first-quarter earnings drastically slid, as temporary closures and travel controls forced by the coronavirus stoked a 29.2 percent year-over-year decline in revenue. But the company did provide some...
MGM Resorts Cancels May Reservations Taken for Las Vegas Properties
MGM Resorts International has canceled bookings at its Las Vegas hotels for between May 1 and 21, as hospitality and gaming companies continue to plan for their reopening after closing because of...
MGM Note Offering Increased by 50 Percent Amid Strong Appetite for Gaming Paper
MGM Resorts International (NYSE:MGM) priced $750 million worth of senior notes coming due in 2025 on Thursday, a transaction that's slated to close on May 4. Normally, that would be no more...
MGM Q1 Results Cramped by COVID-19, Mulls Taking CARES Act Cash
MGM Resorts International (NYSE:MGM) was likely net income negative in the first quarter, excluding one-time items, as revenue tumbled 29 percent because of gaming property closures forced by the coronavirus. The Las...
MGM’s Bill Hornbuckle Says Casinos Will Look Different When They Reopen After Pandemic
MGM Resorts International’s new leader said in a video message to employees Tuesday to expect changes to how the Las Vegas-based company’s casinos will operate once they’re given the green light to...
MGM Investors on Roller Coaster Ride, Stock Among Most Volatile Since February Top
Like every other name in the gaming industry, MGM Resorts International (NYSE:MGM) stock is being punished as the coronavirus forced the closure of all domestic casinos. But there's more to the story....
MGM China Has Resources to Last 15 Months, Don’t Bet on Parent Selling Stake, Say Analysts
MGM China, the Macau gaming business majority owned by MGM Resorts International (NYSE:MGM), has the financial resources to survive up to 15 months if scant visitation to the Special Administrative Region (SAR)...