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"MGM Resorts International" Tag Results

MGM Resorts International Offers to Acquire LeoVegas
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MGM Resorts International Offers to Acquire LeoVegas

On Monday, MGM Resorts International announced a $607 million deal to purchase LeoVegas AB, a Swedish online gaming company. This move paves the way for the American casino operator’s ambitious plan to expand and grow in the lucrative European gambling market. In its offer, MGM submitted a recommended public tender offer for 61 crowns ($6.20) […]
Barry Diller on the Spot for Insider Trading, Nevada Pauses License Application
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Barry Diller on the Spot for Insider Trading, Nevada Pauses License Application

Insider trading by Barry Diller is now the center of focus for the US Justice Department and the Securities and Exchange Commission. Diller is a millionaire who also owns a stake in MGM Resorts International. Nevada Puts a Hold on Barry Diller’s License Application Following the recent accusations of insider trading, the Nevada Gaming Commission […]
Wynn Resorts Agrees to $5.6m Settlement with Dealers
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Wynn Resorts Agrees to $5.6m Settlement with Dealers

Wynn Resorts Ltd. has agreed to pay $5.6 million to 1,000 current, and former dealers who have been working at Wynn Las Vegas and Encore, court documents seen by the Las Vegas Review-Journal have revealed.  Based on a ruling signed by US District Judge Andrew Gordon,: “the court [found] the proposed settlement is a fair […]
Las Vegas Strip Rio Casino Resort Plans a Return in December
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Las Vegas Strip Rio Casino Resort Plans a Return in December

Caesars is preparing to restart the off-Las Vegas Strip Rio Casino Resort, said chief executive Tom Reeg on Thursday. With 2020 proving difficult, Caesars managed to keep most of its 56 gaming properties open, with just the Rio having to suspend operations. Now, Reeg believes that the resort can restart operations as early as next […]
Fitch Predicts 2024 Recovery for Las Vegas Casinos
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Fitch Predicts 2024 Recovery for Las Vegas Casinos

Fitch Ratings Service has predicted a lengthy road to recovery for Las Vegas casinos. While many jurisdictions have been recovering fairly quickly, Las Vegas seems to be struggling to fill up its 150,000 hotel rooms and bring back faithful casino players and business travelers who are not too reluctant to return, but local regulations may […]
Pennsylvania Looking to Expand Video Gambling in Bars
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Pennsylvania Looking to Expand Video Gambling in Bars

A Senate panel has been presented with a new proposal that outlines the possible expansion of video gaming terminals to taverns, bars and social clubs in Pennsylvania. The issue has been the subject of some intense debating between various lobbyists who have been pushing for new gaming solutions, including video-game style devices and games of […]
Park MGM Casino Becomes First Smoke-Free Casino
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Park MGM Casino Becomes First Smoke-Free Casino

The COVID-19 lockdown has sent the casino industry into action and looking for ways to enhance health and safety measures on the casino floor. Smoking has been cited as one of the risk factors that helps spread the novel coronavirus. While casinos have had a hard time whether to suspend smoking on the casino floor, […]
MGM Announces Plans to Reopen The Mirage on August 27
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MGM Announces Plans to Reopen The Mirage on August 27

With Las Vegas waking up from its frantic slumber, Governor Steve Sisolak and businesses in the Silver State are trying to keep it together. The latest step towards some form of normalcy comes from The Mirage, the iconic MGM Resorts International property, which is planning to restart operations on August 27. The hotel and casino […]
Las Vegas Sands Promises to Pay Employees Through at Least October 31
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Las Vegas Sands Promises to Pay Employees Through at Least October 31

While most casino and hospitality companies have laid off or furloughed their staff en mass, Las Vegas Sands, the company owned and controlled by casino mogul Sheldon Adelson, has bucked the trend. In an official letter earlier this week, Adelson said that Las Vegas Sands will continue paying its 10,000-strong work force through at least […]
US Casinos Continue Reopening With Reduced Capacity
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US Casinos Continue Reopening With Reduced Capacity

The United States’ casino industry is slowly waking up with a string of reopenings across the country. After Las Vegas last week, more properties, cities and states are following suite and restarting their operations. We cover the most important developments from the week in the US casino industry, covering the period June 8 – June […]