Interactive Corp, AKA IAC, has taken a $1 billion stake in MGM. The news catapulted shares yesterday by 14%.
IAC has purchased a 12% stake in the casino operator, hoping to leverage its position to push for online gambling expansion.
The casino operator’s latest marketing initiative looks to turn its venues into remote worker hubs.
BetMGM is expecting it can achieve its mission of U.S. dominance with a bit of golf.
MGM Resorts reports revenue down 91% and books $857m net loss in Q2 but company claims its reopened casinos are seeing higher margins due to cost cuts.
Bill Hornbuckle has done enough in the last 4 months to get promoted from interim CEO to permanent CEO.
MGM has agreed to go to the bargaining table in an effort to protect their employees, but Caesars is holding out.
The Massachusetts casino is now back in action, but wants its home city to ease up on its financial obligations.
GVC Holdings and MGM Resorts pledge to boost investment in US-facing Roar Digital online gambling/betting joint venture by another $250m.
The Las Vegas rumor mill is talking about a possible demolition of the long-standing casino.