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MGM to Repurchase $2B Worth of its Own Stock
MGM Resorts International (NYSE:MGM) announced Wednesday that its board of directors approved a new $2 billion share repurchase plan. That marks one of the largest shareholder rewards programs in the gaming industry...
Problem Gambling Awareness Month Starts March 1, MGM Expanding GameSense
The National Council on Problem Gambling (NGCP) designates March as its "Problem Gambling Awareness Month." The annual event is a time for the US gaming industry to reflect on its progress made....
MGM National Harbor Fireworks That Caused Panic Were ‘Diversion for Thieves’
Fireworks set off inside Maryland’s MGM National Harbor Saturday caused a mass exit when patrons feared there was an active shooter inside the building. But police believe the pyrotechnics were conceived as...
MGM Japan Commits $175M for Yumeshima Subway, Osaka Ratifies IR Agreement
MGM Resorts Japan has committed to covering Osaka's infrastructure expenses in lengthening its subway system to Yumeshima Island. The US-based casino company's subsidiary is spearheading the group's integrated resort (IR) development efforts...
BetMGM, SportsGrid Unveil Content Partnership
BetMGM and SportsGrid, the only 24-hour sports wagering streaming network in the US, are unveiling a content partnership. The gaming company's content will be featured across SportsGrid's original, live programming and will...
MGM, IAC Buying $405M in Stock from Corvex Management
MGM Resorts International (NYSE:MGM) and Barry Diller’s IAC/InterActiveCorp (NASDAQ:IAC) announced today they are buying nine million shares of the casino operator. The purchase comes from shares held by Keith Meister’s Corvex Management...
BetMGM Debuts Sports Wagering in Puerto Rico Ahead of Super Bowl
Just in the nick of time for Super Bowl LVI, BetMGM is launching sports wagering in Puerto Rico -- the operator's initial foray outside the continental US. BetMGM is now available at...
Osaka Council Votes Against IR Referendum, Bettering MGM Casino Odds in Japanese City
For years, Osaka has been pursuing an integrated resort (IR). But as costs continue to soar and with the host city now expecting to be on the hook for approximately $1.37 billion,...
MGM on Buyback Binge, Sees Cosmopolitan Buy Closing in Q2
MGM Resorts International (NYSE:MGM) reported fourth quarter results that blew past Wall Street estimates. That's while noting it's buying back a significant amount of its stock, and that a pair of marquee...
Garth Brooks Las Vegas Residency Battle Intensifies Following Park MGM Show
Garth Brooks has been touring the world for decades, but the country music superstar hinted recently that he might be ready to settle down. And when he does, the Oklahoma native who...