MGM Resorts International has agreed to sell its MGM Northfield Park operations in Ohio to Canadian private equity firm Clairvest Group for $546 million in cash. The transaction is expected to be completed in the first half of 2026, pending regulatory approval. This sale will bring MGM approximately
Osaka Prefecture in Japan plans to develop new technology and leisure facilities on Yumeshima Island after the successful hosting of the 2025 World Expo, aiming to create a global tourism hub, with the core project being the MGM Osaka Integrated Resort. This resort is a joint venture between MGM Res
MGM Resorts unexpectedly announced its withdrawal from the New York State casino license competition, retracting its $2.3 billion renovation plan for the Empire City Racetrack Casino. The company was originally one of the four finalists, and the withdrawal was due to concerns about the newly defined
MGM Resorts International's Japan Integrated Resort (IR) project leader Ed Bowers stated at the G2E Asia forum that the Osaka Expo's performance exceeded expectations, proving that the Yumeshima area can accommodate 250,000 visitors per day, providing a positive signal for the "MGM Osaka" project. T
MGM Resorts recently announced two significant executive appointments. Ayesha Molino has been appointed as the new Chief Operating Officer, and Gary Fritz has taken the role of Chief Commercial Officer and President of Digital Business. These personnel changes, all from within the group, reflect the
Kambi Group has announced the extension of its partnership with renowned online gambling operator LeoVegas until 2027, continuing a long-term collaboration that began in 2016. The renewal also includes the integration of Kambi's Odds Feed+ solution into the operational platforms of LeoVegas and its
Thailand is accelerating its efforts to legally establish casinos. According to Deputy Finance Minister Julapan, the "Integrated Entertainment Complex" plan has received strong support from the Federation of Thai Industries and the Thai Chamber of Commerce. Both private sector representatives believ
According to the "Macau Daily News", Ed Bowers, the President of Global Development at MGM International, recently stated at the G2E Asia forum that Thailand is very likely to become the most attractive integrated resort investment destination in Asia with the gradual improvement of legislation and
The Thai gambling market is brewing a dramatic change. Industry insiders point out that once the relevant regulations are fully implemented, Thailand is expected to become the next growth engine of the gambling industry in Asia, with annual revenues possibly exceeding 10 billion US dollars.At the re
After announcing the FY24 results, Playtech CEO Mor Weizer revealed that Brazil has become the largest market in the live casino vertical globally for the supplier.Brazil began regulating online gaming earlier this year, making it one of the most watched regions in the global gaming field.Playtech p
MGM Resorts Executive to Retire After Three-Decade CareerA longtime executive at MGM Resorts International is set to retire next month after more than three decades with the company. Ann Hoff, who serves as president and chief operating officer of Bellagio and Park MGM, will step down from her role
MGM Resorts Posts Strong 2024 Report Despite Mixed Q4Gaming giant MGM Resorts has posted its results for 2024, reporting an all-time high net revenue, underpinned by the steady growth of MGM China. The BetMGM digital business, on the other hand, is nearing profitability.The Q4 Report Was MixedThe fo
MGM Resorts International posted record full-year revenue of $17.2 billion in 2024, a 7% increase from the previous year, driven by a strong performance from its Macau operations, the company said on Wednesday. MGM China, which benefited from Macau’s post-pandemic recovery, recorded a 25% year-over
During Wednesday’s earnings conference call, MGM Resorts CEO and President Bill Hornbuckle expressed optimism for 2025.“We are seeing positive indicators with revenues up in our domestic operations in January,” Hornbuckle said, “as well as ADR (average daily rate) is on pace to grow the rest of the
MGM Resorts on Wednesday reported revenue for the fourth quarter of 2024 was $4.3 billion, up 1 percent from the fourth quarter of 2023, and that revenue for the year reached $17.2 billion, up 7 percent from 2023.“MGM Resorts is proud to report the best full-year consolidated net revenues in the his
BetMGM will take over the operations of MGM Resort International’s Las Vegas sportsbooks this summer, a company legal counsel said Wednesday.BetMGM, the joint venture between Entain and MGM that operates across the U.S., introduced its mobile sports betting app to Las Vegas in early 2024, but MGM re
