Diller’s gamble on MGM is misguided
Interactive Corp, AKA IAC, has taken a $1 billion stake in MGM. The news catapulted shares yesterday by 14%.
MGM Resorts gets a new backer determined to see online gaming
IAC has purchased a 12% stake in the casino operator, hoping to leverage its position to push for online gambling expansion.
MGM Resorts launches scheme to attract remote workers
The casino operator’s latest marketing initiative looks to turn its venues into remote worker hubs.
BetMGM partners up with the PGA Tour
BetMGM is expecting it can achieve its mission of U.S. dominance with a bit of golf.
MGM says COVID crisis creates need for casino experiments
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.
MGM gives Bill Hornbuckle permanent CEO title
Bill Hornbuckle has done enough in the last 4 months to get promoted from interim CEO to permanent CEO.
Culinary Union drops lawsuit against MGM but not Caesars
MGM has agreed to go to the bargaining table in an effort to protect their employees, but Caesars is holding out.
MGM Springfield hopes it can talk the city into cutting it some slack
The Massachusetts casino is now back in action, but wants its home city to ease up on its financial obligations.
GVC, MGM boost online gambling investment to crush US rivals
GVC Holdings and MGM Resorts pledge to boost investment in US-facing Roar Digital online gambling/betting joint venture by another $250m.
MGM’s Luxor loses luster in Vegas, may be erased
The Las Vegas rumor mill is talking about a possible demolition of the long-standing casino.
