MGM Resorts says next three months to be “as hard as it’s ever going to get” as it targets Osaka IR opening in 2030
MGM Resorts has announced that it is hoping to break ground on its Osaka integrated resort project “either late this year or first part of next year,” noting that it is hoping to open within the first or second quarter of 2030.
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 and BetMGM introduce “MGM Riches”
MGM Resorts International and BetMGM, a leading sports betting and iGaming operator, have launched MGM Riches, the companies' first custom slot experience that can be played both online via BetMGM and as a traditional slot game at MGM Resorts properties throughout the U.S.
MGM Resorts appoints Emmy award-winning producer to its board
MGM Resorts has announced that it has appointed award-winning director and producer Ben Winston to its Board of Directors.
MGM Resorts becomes first gaming company to sign United Nations’ CEO Water Mandate
MGM Resorts International has announced it endorsed the United Nations' CEO Water Mandate – a global initiative and coalition of hundreds of major companies making bold commitments to address water crises and challenges. MGM Resorts is the first gaming company to endorse the mandate.
MGM Resorts unveils Bellagio Fountains Grandstands for F1 LV GP 2023
MGM Resorts International will construct one of the world's most exclusive live sports-viewing experiences for the FORMULA 1 HEINEKEN SILVER LAS VEGAS GRAND PRIX 2023, offering guests the opportunity to witness the race from grandstands built on the Bellagio lake where the resort's iconic Fountains dance daily.
MGM Resorts issues $750mln loan to MGM China
MGM Resorts International (MRI) is issuing a loan of ‘up to $750 million’ to MGM China, according to an announcement by the company on Thursday. The group notes that the loan ‘highlights both MRI’s and the company’s confidence in the long-term growth potential of Macau’.
MGM Resorts disburses $2 million in grants to US nonprofit organizations
MGM Resorts Foundation awarded nearly $2 million in the form of 82 grants to nonprofit organizations located in communities around the country in which MGM Resorts operates in the US.
MGM Resorts to chop 50 percent of the projected capex for Asian markets
Following the severe downfall in 2Q22 MGM Resorts International is chopping its capex plans for China and cautiously continue with Asia market plans including Macau, Japan and UAE.
Fitch maintains negative ratings watch on MGM Resorts on concession risks
Felix Ng -
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.