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Tag Archives: MGM Resorts

Blame it on the pandemic, MGM Resorts posts $247M Q1 loss

Mounting damage from pandemic-related closures was the culprit as MGM Resorts posted a huge $247 million loss for the first quarter of 2021. But company officials are optimistic about a recovery. ... Read more

BetMGM partners with TopGolf on sports betting and entertainment

BetMGM continues its march across the far edge of cross-marketing with a new partnership with TopGolf for sports betting and entertainment. MGM is an operator that's serious about market share. ... Read more

MGM Resorts clocks 53% Q4 revenue drop

MGM Resorts felt the trauma of 2020 in a major way as they reported revenue dropping 53 percent in the last quarter of the annus horribilis. But their sports betting arm could save the day. ... Read more

MGM Resorts looking to absorb Entain in big-time gambling merger

MGM Resorts is looking to absorb Entain, the UK operator of Ladbrokes, in a deal meant to solidify the company's US sports betting ops. But is $11 billion enough for Entain? ... Read more

MGM Resorts talks about casino re-opening and post-COVID life

MGM Resorts CEO Jim Hornbuckle recently told investors what post-COVID-19 casino re-openings might look like for the company worldwide. In Las Vegas that involves leaning on drive-in traffic. ... Read more

MGM Resorts announces budget cuts and layoffs for 2020

MGM Resorts is doing a bit of housecleaning in an effort to reduce their overall spending by $300 million over the next three years. That housecleaning, however, involves a lot of personnel layoffs. ... Read more

NBA Partners with MGM Resorts in Historic Sports Betting Deal

MGM Resorts is teaming with the NBA in a historic deal as the league's official gaming partner for both promotions and data. This is a big win for MGM. ... Read more

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