Wednesday, June 26, 2024

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MGM Resorts International to acquire Push Gaming by subsidiary LeoVegas

MGM Resorts International announced its wholly owned subsidiary, LeoVegas, has entered into an agreement to acquire the majority of game developer Push Gaming Holding Limited and its subsidiaries, and the future operating commitment of the founding management team.

MGM Resorts International to buy back $2 billion in shares

MGM Resorts International on Wednesday announced a new $2.0 billion share repurchase program, which it said is designed to return value to the company’s shareholders.

Playtech partners with MGM Resorts for Live Casino content

Playtech, the leading platform, content and services provider in the online gambling industry, is pleased to announce a new strategic partnership with MGM Resorts International to produce proprietary, live casino content directly from the gaming floor at two of their resorts on the Las Vegas Strip.

MGM planning major expansion of Macau IRs beyond casino floors: Report

MGM China Holdings is potentially planning a major expansion of its resort properties in Macau as it seeks to diversify beyond traditional casino operations and cater to the growing mass-market tourist segment.

MGM China to issue $500M in new debt financing: Moody’s

MGM China, a majority-owned subsidiary of MGM Resorts International, will issue $500 million in new senior unsecured notes, rating agency Moody's Ratings stated.

Wynn Resorts’ joint IR project construction to ‘significantly’ boost Ras Al Khaimah GDP: Fitch

The ongoing Wynn Resorts joint integrated resort projects in Ras Al Khaimah's (RAK), UAE are expected to provide significant short-term growth momentum to the emirate, and serve as a catalyst to attract further investment, Fitch Ratings predicted in a recent analysis.

Thai gaming market extremely compelling, UAE casino still on the radar: MGM CEO

The cost of doing business in Thailand and the estimated margins make the possible future gaming market very compelling, while the UAE holds potential, notes the CEO and President of MGM Resorts International.

MGM Osaka secures $3.4 billion loan from banks

The group behind the multi-billion-dollar integrated resort in Japan, led by MGM Resorts, has closed a deal for a $3.4 billion loan from a group of banks.

MGM Resorts sues US Federal Trade Commission over cyber-attack investigation

MGM Resorts is suing the United States Federal Trade Commission (FTC) in efforts, claiming that the regulatory body is overstepping its bounds in its investigation into the cyber-attack on the gaming operator last September.

Daily Asia Gaming eBrief: Newport World Resorts targeting high-end play/non-gaming

The first integrated resort in Manila, Newport World Resorts has reached a certain level of maturity, underlined by now being under a single umbrella group. Hakan Dagtas, COO of the IR, says that 2023 was the best results year for the property since its opening.