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MGM/Entain Merger Speculation to Continue Lingering, Says Analyst
It's been more than three months since MGM Resorts International (NYSE:MGM) attempted to acquire Entain Plc (OTC:GMVHY), its partner on the BetMGM business. At least one analyst believes speculation on this matter...
MGM CEO Hornbuckle Says Las Vegas Is Back, Eyes Foothold in New York Sports Betting
MGM Resorts International (NYSE:MGM) CEO Bill Hornbuckle says the Las Vegas recovery trajectory is solid, and the gaming company is taking steps to rejuvenate vital convention business that suffered at the hands...
MGM, Wynn Resorts Hunting for Big-Time Development Opportunities, Says Moody’s
MGM Resorts International (NYSE:MGM) and Wynn Resorts (NASDAQ:WYNN) will mull new, large-scale development opportunities around the world. That could result in the operators taking on significant debt, according to Moody's Investors Service....
MGM Still Lone Wolf in Osaka Integrated Resort Bidding Process
Last month, the Osaka Prefecture government announced that April 6 is the deadline for companies to submit request-for-proposal (RFP) to potentially bid on an integrated resort in Japan's third-largest city. That deadline...
Caesars, MGM Upgraded by Morgan Stanley, Bank Says ‘Demand for Vegas Is There’
In another sign that Las Vegas is on the mend, Morgan Stanley today upgraded Caesars Entertainment (NASDAQ:CZR) and MGM Resorts International (NYSE:MGM), citing strength in the largest domestic gaming hub. The bank...
MGM Resorts, Caesars Entertainment Offering Vaccines for Their Las Vegas Casino Workers
MGM Resorts and Caesars Entertainment, the two largest employers on the Las Vegas Strip, are offering their workers COVID-19 vaccines. Nevada expanded the eligibility for the coronavirus vaccine earlier this month to...
Massachusetts’ MGM Springfield Fined $18K for Underage Player Incidents Since Christmas ?
MGM Springfield was fined $18,000 recently by Massachusetts regulators for allowing underage patrons on the casino floor over the prior few months. One of the minors also got a free alcoholic drink....
Osaka Sets April 6 Deadline for Casino Submissions, MGM Resorts Sole Bidder
The Osaka Prefecture government announced today that its request-for-proposal period for a potential integrated casino resort will run through April 6. Currently, only MGM Resorts has submitted a qualifying scheme. Osaka is...
MGM Hauls in $1.2 Billion Through Further Reduction of MGP Stake
MGM Resorts International (NYSE:MGM) continues thinning its position in its real estate partner MGM Growth Properties (NYSE:MGP). Late Monday, the casino operator said it redeemed another 37.1 million units of the gaming...
MGM Stock Extends Rally as Jefferies Issues ‘Buy’ Rating, Price Target Raised to $50
MGM Resorts International (NYSE:MGM) is extending its bull run Monday, after Jefferies analyst David Katz raised his rating on the stock to “buy” from “hold.” The Katz call comes after the Mandalay...