Articles tagged “mgm resorts international”

MGM Resorts Leads U.S. Travel Sector With Job Cuts So Far in 2019

MGM Resorts Leads U.S. Travel Sector With Job Cuts So Far in 2019

Sean O'Neill, Skift

The U.S. is enjoying a tight labor market. But not every company is thriving. Data exclusively compiled by outplacement firm Challenger, Gray & Christmas reveals the most notable job cutbacks in 2019 by companies in the hotel, attractions, airline, and airport sectors.

5 months ago

MGM Likely to Sell Circus Circus and Other Las Vegas Resorts

MGM Likely to Sell Circus Circus and Other Las Vegas Resorts

Christopher Palmeri and Gillian Tan, Bloomberg

Circus Circus, probably worth at least $1 billion, would be easy to carve out. MGM Resorts has never included the popular Las Vegas resort in its loyalty program, for instance. But why rush to sell 100 acres on the ever-valuable Las Vegas strip?

5 months ago

Hoteliers Take a Harder Look at How They Set Room Rates

Hoteliers Take a Harder Look at How They Set Room Rates

Sean O'Neill, Skift

Amateurs cut rates to fill hotel rooms. Pros take more sophisticated approaches, such as coordinating to stimulate demand from the most profitable customers.

6 months ago

Lawyers for Vegas Shooting Victims Criticize MGM Resorts

Lawyers for Vegas Shooting Victims Criticize MGM Resorts

Regina Garcia Cano, Associated Press

The far-reaching toll of gun violence knows no bounds.

2 years ago

Japan Legalizes Casino Gambling in a Boon to Resort Developers

Japan Legalizes Casino Gambling in a Boon to Resort Developers

Lisa Du and Maiko Takahashi, Bloomberg

After years of debate, Japan legalized casino gambling and created a path for three casino resorts to be built. Operators are lining up for their chance to get in on the building boom.

2 years ago

MGM Resorts Struggles to Recover Financially After Las Vegas Shooting

MGM Resorts Struggles to Recover Financially After Las Vegas Shooting

Christopher Palmeri, Bloomberg

The company isn’t recovering as quickly as expected from last October's mass shooting in Las Vegas, the worst in U.S. history. That's understandable news, and shows the far-reaching toll of gun violence.

2 years ago

The Prospect of China Opening Up Hainan to Gambling Could Impact the Global Travel Industry

The Prospect of China Opening Up Hainan to Gambling Could Impact the Global Travel Industry

Bloomberg

The issue of opening up Hainan to gambling could have a huge impact if it signals more broadly that China wants to turn more inward and keep its growing middle class traveling at home rather than abroad.

2 years ago

Profits in Vegas Give MGM Resorts a Second Quarter Boost

Profits in Vegas Give MGM Resorts a Second Quarter Boost

Christopher Palmeri, Bloomberg

MGM Resorts is smart to diversify its portfolio throughout the U.S., and not just to concentrate it in major gaming destinations like Vegas and Macau.

4 years ago

Massachusetts Likely to Sign MGM as First Casino Operator

Massachusetts Likely to Sign MGM as First Casino Operator

Philip Marcelo, Associated Press

As Massachusetts gears up to approve its first casino operator, other U.S. states with gaming are fighting for the right to allow online gambling in a bid for higher profits and broader marketing channel.

6 years ago

Caesars and MGM Consider Building $4.8 Billion Casino in Japan

Caesars and MGM Consider Building $4.8 Billion Casino in Japan

Shigeru Sato, Emi Urabe, and Yuki Yamaguchi, Bloomberg

Japan was the fastest growing tourism destination in 2013 and arrivals will continue to increase in the lead up to the 2020 Olympic games, making Japan a very attractive market for casino giants bolstered by success in Macau and Singapore.

6 years ago

MGM Resorts Wins Bid to Build Casino Near Washington, D.C.

Christoper Palmeri and William Selway, Bloomberg

U.S. states are opening up to the gaming business in an effort to attract visitors and gain tax contributions for local governments.

6 years ago

MGM Resorts’ Losses Shrink in Second Quarter As More Gamble in Nevada

MGM Resorts’ Losses Shrink in Second Quarter As More Gamble in Nevada

Christopher Palmeri, Bloomberg

Although this progress is encouraging, MGM has a long way to go to recover its pre-recession glory.

7 years ago