MGM Resorts recently shattered a long-standing taboo when they signed Davante Adams on as their first active National Football League (NFL) athlete brand ambassador. While celebrity endorsements, including former athletes, are commonplace in the gaming world, grabbing a player on the roster of an NFL team is another thing entirely. Adams, who plays wide receiver…
MGM Resorts is a step closer to significantly expanding its global footprint after LeoVegas shareholders overwhelmingly approved the company's $640 million buyout offer. Under the terms of the acquisition deal, LeoVegas shareholders will receive SEK61 ($5.67) for each outstanding share in their possession. That marks a sweet 44 percent premium from the day the deal…
MGM Resorts is making a major move on the global gaming market with the announcement of a $607 million offer to purchase the Swedish operator LeoVegas. The offer, which already has the support of the LeoVegas Board of Directors, would put MGM Resorts in a position to compete in the growing US online casino market,…
MGM Resorts has spent much of 2020 and 2021 in the same tenuous position as every gambling operator with a large portfolio of land-based casinos. That position, unfortunately, was challenging on a good day and horrific in its darkest hours. That position also resulted in their recent announcement that they're down $246.7 million from Q1…
In the Wild West atmosphere of the wide open US regulated sports betting market, customer acquisition is the prize that every operator is chasing. With nearly every American consumer on the line, there's not a corner of the country where sports betting operators aren't willing to go to grab them. That's why a recent announcement…
MGM Resorts reported an astonishing 53 percent revenue drop in Q4 2020 over Q4 2019 in a recent earnings report. It's another mind-bending number from a year that didn't ease up on the pain even for a moment. But company officials are betting on their sports betting division, BetMGM to save the day and bring…
MGM Resorts is looking to absorb UK operator Entain in a mega-deal that's anything but finalized and could well be the kind of deal that becomes more common as the US sports betting market continues to explode. According to published reports in the UK Guardian and Bloomberg, MGM Resorts is offering $11.1 billion (£8.1 billion)…
MGM Resorts CEO Jim Hornbuckle spoke this week with investors about the current state of the company and what casino re-openings might look like in Nevada and Macau. Hornbuckle, who has only been with MGM Resorts since March, painted an optimistic picture and spoke freely of casinos re-opening and travelers walking through their doors, even…
2019 is only days old but workers at MGM Resorts are already looking forward to 2020 with a sense of dread and unease. That’s because the gaming industry giant is preparing to boost profits by as much as $300 million and that boost is going to be funded by as many as 2,000 layoffs. MGM…
Regulated sports betting in America is starting to produce some very strange bedfellows. Earlier this week, MGM Resorts entered into a $25 million agreement with the National Basketball Association (NBA) that places MGM as the "official gaming partner" of the NBA. It's an interesting deal that provides MGM with branding rights, an official data stream…
