MGM Resorts has acknowledged that its summer pricing in Las Vegas sparked a public backlash and forced the company to make rapid changes. Executives said the controversy began when reports surfaced of steep markups on basic items, most notably a $26 bottle of water at one of its Strip hotels. The episode crystallized customer anger about perceived gouging and made pricing a public relations problem for the operator. On an earnings call, MGM Resorts’ leadership admitted the company “lost control of the narrative” and described the episode as a mistake. The CEO said the company reviewed its own practices after…

MGM Resorts International reported a drop in profits from its Las Vegas operations during the third quarter, as hotel renovations and softer visitor demand slowed performance. The company said net revenue from its Las Vegas properties declined about seven percent to roughly two billion dollars compared to the same period last year. Overall, MGM Resorts posted adjusted earnings of twenty-four cents per share, falling short of analyst projections that averaged around forty cents. Total company revenue increased slightly, rising about 1.6 percent to 4.25 billion dollars, helped by strong results from its China operations, which grew more than seventeen percent…

The chief executive of MGM Resorts addressed skepticism over the future of Las Vegas tourism this week, pushing back against criticism and offering a more optimistic view of the city’s prospects. Their CEO, Bill Hornbuckle, spoke before Nevada gaming regulators as part of MGM’s licensing review, calling negative narratives about Las Vegas tourism “silly.” He argued that long-term trends point to steady gains, and that recent soft spots are part of a normal cycle. According to Hornbuckle, Las Vegas gaming revenue has grown on average 4.5 to 5 percent per year over the past 30 years. He said that claims…

Las Vegas is set to welcome two new MGM residencies this year. Iconic music legends Boyz II Men and Lenny Kravitz return for exclusive engagements this summer at The Cosmopolitan resort and the Dolby Live Theater at Park MGM. Boyz II Men, the best-selling R&B group of all time, will take the stage at The Chelsea at The Cosmo for a four-night residency in August. The group, known for timeless hits like End of the Road and I’ll Make Love to You, will perform on August 8th, 9th, 15th, and 16th, 2025, with shows beginning at 8 p.m. Their return…

With March Madness upon us, it was nice to see the College Basketball Crown enter into a partnership with gambling giant MGM Resorts. By becoming an Official Partner of the post-season tournament, MGM has positioned themselves at the heart of one of college basketball’s most exciting new events, which is set to take place in Las Vegas next month. The College Basketball Crown post-season tournament will be presented by FOX Sports and AEG, and it will feature 16 top teams from major conferences like the Big Ten, Big 12, and Big East, as well as additional at-large participants. Set to…

They’re at it again. Back in January we reported that MGM resort fees has been raised by quite a bit across all of their properties in Las Vegas. That increase saw the daily fee at their most expensive resorts rise to $50 per night, but apparently they were not done. Now, less than a year removed from the last rate increase, the resort fees have gone up again. This time, they’ve hit $55 per night at their flagship properties in Sin City. While MGM resort fees at Bellagio, Aria, Vdara, and The Cosmopolitan, have increased to $55 per night, other…