The Osaka Prefecture, which currently has MGM Resorts as a sole bidder for a license, has said it will consider further proposals, with documents to be submitted by April 6th.
Osaka IR starts additional open recruitment of businesses (Nikkei)
MGM Japan, hoping to build a major IR at Osaka’s Yumeshima island, is drawing attention to its recently concluded hospitality education program that it supported in partnership with Kansai Gaidai University.
MGM Resorts International announced that Jeff Mochal has joined the company as Senior Vice President of Corporate Communications. Mochal will oversee the company's corporate communications and strategic positioning, leading issues management strategy and proactive media relations, internal communications and social impact and sustainability messaging strategies for issues affecting MGM Resorts on a global scale.
Japan’s IR process appears to move forward in fits and starts, but there were two noteworthy events to emerge at the end of the week that advance the slow process towards the country's first casinos.
MGM Resorts International has announced the completion of the redemption of approximately 37.1 million of its operating partnership units of MGM Growth Properties Operating Partnership LP for aggregate cash proceeds of approximately US$1.2 billion. Following the redemption, MGM Resorts' ownership in the Operating Partnership was reduced from 53.0 percent to 42.1 percent.
MGM Resorts International and BetMGM have made a unified commitment to responsible gaming and to providing the tools needed to help players make responsible, informed decisions while playing.
MGM China Co-chair Pansy Ho has sold more of her shares in parent company MGM Resorts, this time offloading about $56.7 million. The move has reduced her position from 1.66 percent to 1.36 percent.
Pansy Ho, co-chair and executive director of MGM China, has sold one million shares, or more than 10 percent, of her stock in MGM Resorts International.
Shares in MGM Resorts rose almost 4 percent on Friday after investors applauded the casino operator’s latest foray into the online sphere.
BetMGM and Topgolf Entertainment Group announced today a new partnership centered around an integrated sports betting and entertainment experience. The two companies will collaborate on marketing and promotional offers through the BetMGM platform at select Topgolf venues and within WGT by Topgolf.
MGM Resorts has a "lot to be optimistic" about when it comes to igaming given its recent performance in the sector, Deutsche Bank said in a note on the company's Q4 results.