Friday, September 24, 2021

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MGM Macau Hotels fully adopted natural gas

MGM Macau Hotels fully adopted natural gas in line with Macau’s green policies following an an agreement with Nam Kwong Natural Gas Company Ltd.

DraftKings acquisition of Entain would require MGM consent

MGM Resorts says it is aware of DraftKings recent $20 billion offer to acquire Entain Plc, noting that the parties would require MGM’s consent...


BetMGM is a partnership between MGM Resorts International and Entain Holdings that is revolutionizing sports betting and online gaming in the United States. BetMGM is the...

BetMGM, PointsBet and WynnBET sign sportsbook with NFL

The NFL announced reached agreements with BetMGM, PointsBet, and WynnBET to become Approved Sportsbook Operators for the 2021 season.

MGM Resorts requiring vaccination as condition of employment

MGM Resorts International is “now requiring COVID-19 vaccination as a condition of employment for all salaried employees and new hires throughout the United States”.

MGM Resorts to auction off 11 Picassos worth $100m

MGM Resorts is planning to auction off 11 Picasso paintings as it seeks to further diversify its art collection. The auction is expected to fetch some $100 million, one of the most valuable auctions of the author’s work.

MGM Cotai gets second consecutive award for best MICE venue

MGM COTAI was named the “Best Meeting & Conventions Hotel in Macau” award for two consecutive years at the 14th TTG China Travel Awards.

MGM China recovery stumbles on China outbreaks in 2Q21

MGM Resorts China facing business saw sequential improvement over 21Q1, though its post-pandemic recovery hasn’t come as far along as it has for Las Vegas. 

MGM sells MGP, builds $11.6b cash pile for expansion

MGM Resorts said it has sold its stake in MGM Growth Properties in a transaction that will boost its available cash pile for future expansion to $11.6 billion.

MGM-Orix consortium proposes US$9.1 billion IR for Osaka

In what is widely regarded as positive news by local observers, it has emerged that the MGM-Orix consortium is proposing a JPY1 trillion (US$9.1 billion) investment level for its Osaka Yumeshima IR.