Tag: mgm

MGM Adds Second Online Casino for New Jersey

MGM Resorts has officially launched its second internet casino in New Jersey, this one, called playMGM. The Las Vegas-based company’s new online destination in New Jersey will be offering poker and casino games under the more globally recognized MGM banner, and will also incorporate play into their rewards program. It all comes at a time…

MGM Says “No Deal” on Sands Bethlehem

The $1.3 billion deal to sell Sands Casino Resort Bethlehem to MGM Resorts International has collapsed, according to multiple sources. What would have been one of the largest property sales in the history of the Lehigh Valley faltered late last week and MGM ended its pursuit of the Bethlehem casino complex, sources with knowledge of…

MGM to Launch Real Money Online Gambling

MGM Resorts will make its first-ever splash into real money internet gaming this year when it becomes the newest entrant into New Jersey’s growing online gaming space. The Las Vegas-based casino operator announced Wednesday morning that it has sealed a partnership with GVC Holdings PLC, a global sports betting and online gaming provider, to launch…

MGM to Purchase Adelson’s Sands Bethlehem

A week ago came the first inklings that the second-largest casino operator might be interested in buying a property from the world’s largest, as MGM Resorts International was showing interest in perhaps purchasing the Sands Casino Resort Bethlehem in Pennsylvania from Las Vegas Sands. The Morning Call of Allentown was among the outlets reporting a…

MGM Launches Real Money Mobile Gambling

MGM Resorts has launched what it describes as the first real-money mobile gambling platform to be offered by a casino in the US. The easyPlay Mobile Tournaments platform, developed by mobile gaming technology company oneLIVE inc, allows guests at nine Las Vegas resorts to compete with other players in a variety of tournament games using…

MGM CEO: Online Gambling Ban ‘Ridiculous’

Murren’s comments came via an interview with News3LV in Las Vegas, in which he touched on a number of subjects. At the end, the interviewer broached the subject of online gambling; Murren spent more than four minutes talking about the issue, sometimes passionately. Loosely referencing the Sheldon Adelson-backed effort to ban online gambling at the…

MGM Wants Billion Dollar Casino in Atlanta

Casino operator MGM Resorts International wants to build a $1b gaming venue in Atlanta, but serious obstacles remain. On Wednesday, the Atlanta Journal Constitution reported that MGM was scouting suitable locations in downtown Atlanta for a complex that would feature a casino, a luxury hotel, a live entertainment venue and other non-gaming amenities. MGM spokesman…

MGM Resorts Founder Passes Away

Kirk Kerkorian, who made his name in Las Vegas when he built the International in 1969, has died. He was 98. Kerkorian’s death was confirmed Tuesday by MGM Resorts International, the Las Vegas-based gaming company he founded in the early 1990s. Kerkorian, who turned 98 on June 6, was the largest shareholder in MGM Resorts.…

Wynn and MGM Merger Speculation

Shares of Las Vegas-based casino operator Wynn Resorts ended Thursday’s trading day up over 7%, making it TheStreet’s Move of the Day. The reason was merger speculation. TheStreet’s Jim Cramer, portfolio manager of the Action Alerts PLUS Charitable Trust Portfolio, noted on CNBC there is speculation of a Wynn merger with Las Vegas-based competitor MGM…

MGM Resorts scores with mobile gaming strategy

Las Vegas Review Journal – MGM Resorts International supports the legalization of online wagering in the U.S. The casino giant holds an interactive gaming license in Nevada. But the company’s Internet presence is devoted to a free-to-play casino site that allows customers of its M Life loyalty program to earn rewards, which can be redeemed…

MGM is optimistic about 2019 Japan casino build

Reuters – The western Japanese city of Osaka could have a casino resort up and running by 2019, in time for the 2020 Tokyo Olympics, if a bill to legalize casinos is approved by parliament this year, executives of MGM Resorts International (MGM.N) said on Saturday. “If the first bill passes in the fall of…

MGM’s Park and the Future of the Vegas Strip

Vegas Seven – Jim Murren is playing the long game on the Strip. “We have a very strong feeling of what Las Vegas is going to look like five to 10 years from now,” the MGM Resorts International chairman said recently when describing the details of the Park, an entertainment and retail complex between the…

MGM assessing costs of operating online poker in Nevada

From Chicago Tribune MGM Resorts International CFO Dan D’Arrigo said the company was still deciding whether or not to launch an Internet poker website in Nevada and the state may be too small to provide a lucrative online market on a standalone basis. “We have to make an assessment on the cost to operate that…