MGM Resorts said it has upsized a public note offering from US$500 million to US$750 million and will use the proceeds to refinance existing debt and for general corporate purposes.
MGM Resorts upsizes notes offering to $750m (SEC filing)
MGM Resorts’ third quarter results revealed a net loss widening to US$534.7 million, a figure that was worse than what some analysts had predicted. MGM China reported an Adjusted EBITDA loss of HK$730.6 million (US$94 million) during the same period. Bill Hornbuckle, CEO of MGM Resorts International, stated, “We remain focused on responding to the […]
MGM Resorts International (NYSE: MGM) was ranked No. 107 on Forbes' list of 750 World's Best Employers for 2020, the only company on the Las Vegas Strip to make the list.
MGM Resorts began laying off 18,000 furloughed workers on Monday as the impact of the pandemic drags on.
A year ago there were many things uncertain about IR development in Japan, but if there was one thing you could depend upon—one prediction that could be made with near total confidence—it was that the man-made island of Yumeshima in Osaka Bay was destined to become host to one of the biggest and grandest IRs in the world.
In an earnings conference call held at the end of last week, MGM President and CEO Bill Hornbuckle revealed that his firm was not committed to moving forward with its multi-billion dollar IR investment at Yumeshima, Osaka. “There are a great deal of things to be worked out there,” Hornbuckle stated, “and we’ll only make […]
MGM Resorts International has reported a combined US$1 billion for the quarter ending on June 30 on the back of a 91 percent fall in net revenues. The company statement explained that these losses were “driven by the temporary suspension of the company’s domestic casino operations, continued travel restrictions in Macau, restrictions on the number […]
MGM International has announced that William Hornbuckle has become the firm’s new president and CEO, effective immediately. He had previously been holding these offices in an acting capacity since March. Hornbuckle succeeds Jim Murren, who first indicated his intention to step down before the expiry of his contract in February. Chairman Paul Salem, who also […]
Roar Digital, a U.S. sports betting and online gaming company, said its shareholders, MGM Resorts and GVC have committed to a second round of investment, bringing the total to $450 million.
Incorrectly entered start times on Korean and Chinese baseball matches lead to a quarter of a million in winning wagers at MGM Resorts over the weekend, in what may be the biggest loss ever in Las Vegas on games that have already started, according to local media reports.
Casino operator MGM Resorts has announced it has attained seven accolades both regionally and globally in relation to its human resources and talent development efforts. In the first five months of 2020, the company was honored with seven HR awards from four renowned institutions, including the global BEST Award from the Association of Talent Development […]