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MGM’s China joint venture inks deal for MGM Shanghai

MGM Resorts’ China joint venture has signed a management agreement that will bring the MGM brand to Shanghai’s iconic West Bund.

BetMGM partners with Sony, IGT to launch online wheel of Fortune Casino

Leading sports betting and iGaming operator BetMGM, announced an agreement with Sony and IGT to launch Wheel of Fortune Casino, set to become the first full brand-led online casino in North America. 

BetMGM and Carnival partner to offer cruise ship gaming

Collaboration between industry leaders BetMGM and Carnival Corporation to provide innovative sports betting and iGaming experiences to cruise ship guests

MGM team wins nine awards in Macau vocational skills competition

The MGM Golden Lion Team has attained a record-breaking achievement of winning nine distinguished honors, which are the highest in their categories, in the 4th Macao Integrated Tourism and Leisure Enterprises Vocational Skills Competition. 

China police catch man suspected of double MGM Cotai homicide

Police in Guangdong have detained a man suspected of killing two women in an MGM Cotai hotel room earlier this month, local media reports. 

MGM China board agrees to grant 480,000 share options

MGM China said its board of directors has agreed to grant 480,000 share options to eligible staff members, not including its CEO or directors.

Fitch maintains negative ratings watch on MGM Resorts on concession risks

Fitch Ratings has maintained its negative ratings watch on MGM Resorts International, due mainly to  regulatory uncertainty relating to MGM China’s gaming concession in Macau. 

MGM China hosts 10th business matching session to help SMEs

MGM China said it collaborated with Macao Chamber of Commerce (MCC) and 12 local youth associations to co-organize “MGM SME Business Matching - Young Entrepreneur Session”, with the support of the Economic and Technological Development Bureau (DSEDT), Macao Trade and Investment Promotion Institute (IPIM) and Macau Productivity and Technology Transfer Center (CPTTM).

MGM Resorts 1Q22 tops analysts’ forecasts on booming U.S., but Macau still facing headwinds

Shares in MGM Resorts gained on Tuesday after the company posted stronger-than-expected 1Q22 earnings, helped by its U.S. operations, as Macau continues to lag.

MGM China reports 25 percent drop in GGR for 1Q22

First-quarter market-wide GGR was down by 25% year-over-year to MOP17.8 billion while daily GGR was at 25% of 2019 fourth-quarter pre-pandemic level, MGM China Holdings Limited announced in a filing for the first quarter of 2022.