MGM Resorts’ shares slide on grim status update, forecast
MGM Resorts says business was booming prior to COVID-19, but shares slide as company cops to "substantial operating losses."
MGM’s Murren got $32m golden handshake, 75k staff share $1m
MGM redefined reasons behind CEO Jim Murren's exit so he wouldn't miss out on $32m golden handshake, while 75k staff must split a $1m coronavirus fund.
Bill Hornbuckle takes over as head of MGM following Murren’s exit
The president and COO of the casino company will step in as interim CEO following Jim Murren’s departure.
What happens next
Feeling queasy? Goosebumps? Not sure where the world is heading? At least you’re still alive. That’s a good thing.
Casinos all over the world shutting down due to coronavirus
With so many countries trying to grapple with coronavirus, major resorts operators aren’t taking any chances.
MGM Resorts calls off share buyback plan
The weak market and the coronavirus force the casino operator to alter its plans.
Casino employee-turned-arsonist left trail of evidence
A former MGM employee claimed she had been raped, set a hotel room on fire seeking revenge against MGM.
MGM alters share buyback plan as prices continue to slide
With a data breach and the coronavirus playing havoc on MGM’s share prices, the company may believe they are currently undervalued.
MGM sued over massive breach of guests’ data
Although MGM defends the leaked data as already being publically available, John Smallman disagrees, and he’s taking them to court.
MGM Resorts admits to 10 million customers data being hacked
A hack that was discovered last year caught the contact details of MGM Resorts customers, with celebrities and government officials falling victim.
