BetMGM Responsible Betting at NFL Stadiums

As we begin the new American football season, there will be more betting at NFL stadiums that anytime before. In fact, the BetMGM sports betting app will be available at several stadiums across the country. And that means that MGM Resorts is thinking about responsible gaming. Their program is called GameSense, and it will be available anywhere betting at NFL stadiums takes place. In addition to introducing GameSense to NFL stadiums, MGM and BetMGM have jointly committed to contributing a minimum of $1 million annually to support responsible gaming initiatives. These initiatives will focus on relevant research, advocacy, and prevention…

MGM Resorts Plans to Sell The Mirage Casino

MGM Resorts brought on over $2.7 billion in revenue for the third quarter of this year. However, the company still wants to sell their Mirage Casino and Hotel property on the Las Vegas Strip. Their announcement does come as a bit of a surprise if you consider the earnings report they just released showed revenue growth of 140%. Also, MGM Resorts did just purchase the operational rights to The Cosmopolitan property on the Strip at City Center. Their CEO, Bill Hornbuckle, stated that MGM had another strong quarter which was primarily due to domestic operations, adding that the results showed…

MGM Resorts to Buy Operation of the Cosmopolitan

MGM Resorts has announced an agreement with the Blackstone Group which will allow them to acquire operation of The Cosmopolitan at City Center on the Las Vegas Strip. The deal includes a cash consideration of over $1.6 billion. What’s unique about this agreement is that it separates the physical property from the operations of the resort. Blackstone has said Monday it will sell the property itself for $5.65 billion, but MGM now has a 30-year lease agreement. The Cosmo originally opened in December of 2010, but was purchased by Blackstone in 2014. MGM Resorts CEO Bill Hornbuckle stated that they…

MGM Resorts Vaccinations Required for New Hires

In a move that just about everyone saw coming, MGM Resorts vaccinations will be required in order to work for the company. Newly hired individuals who work for MGM on an hourly basis must show proof of a vaccination by August 30th. Salaried employees, whether newly hired or not, must show proof by October 15th. No details were provided about what actions may be taken if an employee does not get the vaccination or refuses to comply. However, it’s safe to assume that (at a minimum) they would not be scheduled to work at an MGM property or office. This…

MGM Resorts Makes Clorox ‘Official Disinfectant’

MGM Resorts has many partnerships in place. But one that guests may appreciate is their newest deal with Clorox to be their exclusive provider for disinfectant wipes and hand sanitizer. In a statement made via their Twitter account, MGM says that their guests health and safety remain a top priority. Therefore, they made Clorox the “Official Guest Disinfectant and Hand Sanitizer Brand of MGM Resorts.” A news release stated that wipes and hand sanitizer would be made available in guest areas such as the casino floor, as well as restaurants and other shared spaces. MGM Resorts has a Seven-Point Safety…

BetMGM Growing into Sports Betting Giant

Last year, BetMGM began by operating in just three states. And despite the challenges of a pandemic (or perhaps helped by the pandemic keeping people home) they had grown to operating in ten states. The money was better than expected, too. Bringing in over $178 million in net revenue, significantly beating their target of $150 million. The real profits still lie ahead, however, as the company fully expects to make over $350 million this year… and they are off to a nice start. January numbers are in, and the company has already seen well over $40 million in net revenue….