Tagged mgm macau

Dividend decisiveness for MGM China Holdings Limited

March 27, 2020

Casino News, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Macau

Macau casino operator MGM China Holdings Limited has reportedly announced that its board has recommended spending just over $40.69 million so as to pay investors a final dividend on its 2019 financial performan...

MGM Resorts International cancels share buy-back plans

Adam Morgan

March 13, 2020

Latest Casino and Gambling News, Las Vegas, Casino News, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships

Anxieties over the financial impact of the ongoing coronavirus outbreak have reportedly prompted American casino operator MGM Resorts International to cancel its plan to buy back shares worth approximately $1.2...

MGM China Holdings Limited suffering from coronavirus fears

Adam Morgan

March 12, 2020

Casino News, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Macau

The price of shares in Asian casino operator MGM China Holdings Limited reportedly fell to its lowest level in just over four years on Tuesday due to investor anxieties over the ongoing outbreak of a coronaviru...

Pansy Ho offloads another significant MGM Resorts International stake

Adam Morgan

November 23, 2019

Latest Casino and Gambling News, Economy/Finance, Macau, Mergers, Acquisitions & Partnerships

In Macau, the Co-Chair for local casino operator MGM China Holdings Limited, Pansy Ho (pictured), has reportedly made approximately $140.2 million after offloading a 0.87% stake she held in parent firm MGM Reso...

Macau recovers to post improved June aggregated gross gaming revenue figures

Adam Morgan

July 2, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

The over 35 casinos in Macau had a great June after seemingly weathering an ever-slowing Chinese economy and associated high-roller timidity to post a 5.9% increase year-on-year in aggregated gross gaming reven...

MGM Resorts International remains on the lookout for more Japanese partners

Adam Morgan

April 30, 2019

Casino proposals, Casino News, Latest Casino and Gambling News, Economy/Finance, Japan, Mergers, Acquisitions & Partnerships

The boss for American casino operator, MGM Resorts International, has reportedly declared that his firm is interested in attracting even more partners to help it win the right to bring an integrated casino reso...

Cost-saving initiative leads to job losses at MGM Resorts International

Adam Morgan

April 26, 2019

Latest Casino and Gambling News, Las Vegas, Economy/Finance, Labor Relations

American casino operator, MGM Resorts International, has reportedly followed through with a portion of a cost-saving initiatives first unveiled in January by announcing the immediate elimination of some 254 sen...

MGM Resorts International establishes Japanese partnership

Adam Morgan

March 25, 2019

Casino proposals, Casino News, Latest Casino and Gambling News, Economy/Finance, Japan, Mergers, Acquisitions & Partnerships

American casino operator MGM Resorts International has reportedly inked deal that is to see it partner with local financial services firm Orix Corporation in hopes of bringing an integrated casino resort to the...

MGM China Holdings Limited to benefit from contract extension

Adam Morgan

March 18, 2019

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Economy/Finance, Licenses, Macau

The recent decision by the government of Macau to extend the casino license of MGM China Holdings Limited by a further two years will allow the operator to improve its ‘capacity to finance the business’ and pre...

MGM China Holdings Limited benefits from MGM Cotai launch

Adam Morgan

February 14, 2019

Latest Casino and Gambling News, Casino News, Casino project updates, Economy/Finance, Macau

Asian casino operator, MGM China Holdings Limited, has released its financial results for 2018 showing that it had experienced a 33% increase year-on-year in group-wide revenues to $2.44 billion alongside an as...

Wynn Macau Limited to hand out employee ‘winter bonus’

Adam Morgan

January 16, 2019

Latest Casino and Gambling News, Economy/Finance, Macau, Labor Relations

Asian casino giant Wynn Macau Limited has reportedly declared that it will be rewarding eligible employees at its Wynn Palace Cotai and Wynn Macau integrated casino resorts with a ‘winter bonus’ set to be equiv...

MGM 2020 initiative launched by MGM Resorts International

Adam Morgan

January 4, 2019

Latest Casino and Gambling News, U.S.A., Economy/Finance

After recently seeing the value of its shares hit a two-year low, global casino operator MGM Resorts International has announced the launch of a new strategy that it hopes will reduce costs and improve efficien...

American gaming industry sees annual stock values decline

Adam Morgan

January 2, 2019

Casino Sales, Las Vegas, Latest Casino and Gambling News, Game manufacturers, Economy/Finance, Macau

The past twelve months have reportedly seen the aggregated value of stocks in the majority of Las Vegas-based gaming firms decline by over 30% year-on-year as investors wrestled with fears of a looming recessio...

MGM Cotai to begin utilizing junket operators

Adam Morgan

August 22, 2018

Casino News, Latest Casino and Gambling News, Macau, Mergers, Acquisitions & Partnerships

In Macau, the recently-opened MGM Cotai venue is reportedly going to allow a pair of external junket operators to set up in-house VIP services from next month before bringing in a further trio of such partners ...

MGM Resorts International agrees NBA data and branding partnership

Adam Morgan

August 1, 2018

NBA, Latest Casino and Gambling News, U.S.A., Sports betting, Mergers, Acquisitions & Partnerships

Yesterday saw American casino giant MGM Resorts International ink a partnership deal with the National Basketball Association (NBA) only a day after finalizing a related joint venture agreement with British onl...