Tag Archives: MGM Resorts
- MGM’s Bridgeport casino plan targets Connecticut tribes
September 18, 2017
Casino operator MGM Resorts is upping the stakes in its war against two tribal gaming operators by announcing plans to develop a Connecticut gaming venue. On Monday, MGM announced it had inked a deal with developer RCI Group to build a $600m resort casino in Bridgeport, the largest city in...
- MGM loses bid to halt Connecticut tribes’ third casino
September 11, 2017
Casino operator MGM Resorts has lost yet another round in its quest to overturn a Connecticut law granting a third casino to local tribal gaming operators. In June, a federal appeals court rejected MGM’s bid to overturn a Connecticut court’s dismissal of MGM’s challenge of a state law authorizing a...
- Las Vegas casinos hit by President Trump’s DACA
September 7, 2017
Las Vegas casino giants MGM Resorts International and Caesars Entertainment have called on members of Congress to immediately pass a law to shield undocumented immigrants from possible deportation. MGM and Caesars made the call just days after the Trump administration announced that it will rescind protections for young people brought...
- MGM’s Maryland casino National Harbor sets new revenue record
MGM Resorts’ National Harbor casino set a new gaming revenue record in August just as MGM was selling the ground underneath it. Figures released Wednesday by the Maryland Lottery and Gaming Control Agency show the state’s six casino operators reporting combined gaming revenue of just under $137.5m, up 37.1% from...
- MGM punts on affluent masses in Macau
August 14, 2017
MGM Resorts International wants to lure more affluent Chinese masses in the coming years as it plays catch-up in Macau’s economic resurgence. Bloomberg reported that the casino operator is set to open its $3.3 billion MGM Cotai integrated resort on the Cotai Strip in the fourth quarter, which, according to...
- MGM Resorts revenue rises, just not on a ‘same store’ basis
July 28, 2017
Casino operator MGM Resorts posted higher revenue in Q2 but analysts are fretting that the gains were largely due to new venues, not ‘same store’ growth. MGM says revenue rose 16.3% year-on-year to $2.64b in the three months ending June 30, but operating income fell more than one-third to $501m...
Parisian Macao battling Legionnaires’ Disease outbreak
April 25, 2017
MGM’s Maryland casino National Harbor sets new revenue record
September 7, 2017