MGM Resorts brought on over $2. 7 billion in revenue for the third quarter of this year. However, the company still wants to sell their Mirage Casino and Hotel property on the Las Vegas Strip. Their announcement does come as a bit of a surprise if you consider the earnings report they just released showed […]
Tag: MGM Resorts
MGM Resorts to Buy Operation of the Cosmopolitan
MGM Resorts has announced an agreement with the Blackstone Group which will allow them to acquire operation of The Cosmopolitan at City Center on the Las Vegas Strip. The deal includes a cash consideration of over $1. 6 billion. What’ s unique about this agreement is that it separates the physical property from the operations […]
MGM Resorts Vaccinations Required for New Hires
In a move that just about everyone saw coming, MGM Resorts vaccinations will be required in order to work for the company. Newly hired individuals who work for MGM on an hourly basis must show proof of a vaccination by August 30th. Salaried employees, whether newly hired or not, must show proof by October 15th. […]
MGM Resorts Makes Clorox ‘Official Disinfectant’
MGM Resorts has many partnerships in place. But one that guests may appreciate is their newest deal with Clorox to be their exclusive provider for disinfectant wipes and hand sanitizer. In a statement made via their Twitter account, MGM says that their guests health and safety remain a top priority. Therefore, they made Clorox the […]
BetMGM Growing into Sports Betting Giant
Last year, BetMGM began by operating in just three states. And despite the challenges of a pandemic (or perhaps helped by the pandemic keeping people home) they had grown to operating in ten states. The money was better than expected, too. Bringing in over $178 million in net revenue, significantly beating their target of $150 […]
Park MGM in Las Vegas to Open September 30th
MGM Resorts has announced that Park MGM Las Vegas will open their doors on September 30, completing the reopening of all of its properties around the world following closures earlier this year amid the Covid-19 crisis. Upon reopening, Park MGM will be The Strip’s first fully smoke-free casino resort. “Opening Park MGM and NoMad represent […]