MGM Resorts Reports Record Quarterly Revenue on Macao Success
MGM Resorts International’s $4.5 billion in consolidated revenues is a second-quarter record high for the casino operator, with further cheer coming from gaming tables in Macao.
MGM Resorts International’s $4.5 billion in consolidated revenues is a second-quarter record high for the casino operator, with further cheer coming from gaming tables in Macao.
The days of casino operators MGM Resorts International and Caesars Entertainment as publicly listed companies appear limited, with Nevada regulators approving plans that could eventually see them move off the stock exchange.
The Nevada Gaming Commission has approved key regulatory steps for separate take-private transactions involving MGM Resorts International and Caesars Entertainment.
MGM Resorts International and BetMGM have renewed their partnerships with Major League Baseball (MLB). The agreements, which originated in 2018, designate MGM Resorts and BetMGM as the league's inaugural Official Gaming and Sports Betting Partners.
MLB has agreed to extend its business relationships with MGM Resorts International and BetMGM, continuing partnerships spanning nearly a decade.
Shares of MGM China Holdings fell about 6.4% on Monday after disclosure that Chair and Executive Director Pansy Ho sold her entire stake in parent company MGM Resorts International.
People Inc. has made submitted an offer worth roughly $18 billion in an attempt to take control of MGM Resorts International by acquiring the casino operator outright.
People Incorporated, formerly IAC, has launched an $18bn (£13.4bn) bid to take control of gambling giant MGM Resorts International.