Articles tagged “mgm resorts”

MGM Resorts Completes Layoffs in Cost-Cutting Effort

MGM Resorts Completes Layoffs in Cost-Cutting Effort

Associated Press

MGM Resorts tried to get ahead of the curve by downsizing before a potential economic downturn hits. The hospitality company can now focus on developing new experiences and products to drive revenue and truly future-proof its business.

2 weeks ago

Wynn Resorts May Sell New Boston-Area Casino to MGM Resorts

Wynn Resorts May Sell New Boston-Area Casino to MGM Resorts

Christopher Palmeri, Bloomberg

Wynn Resorts fought hard to win the right to open this casino outside Boston. But business priorities change, and this seems less important to the company now.

4 weeks ago

MGM Resorts’ New Exec Hire Signals a Transformation to an Experience Platform

MGM Resorts’ New Exec Hire Signals a Transformation to an Experience Platform

Deanna Ting, Skift

It likely won't be the only, or the last, hospitality company to do the same.

2 months ago

MGM Resorts Embarks on Two-Year Cost-Cutting Plan

MGM Resorts Embarks on Two-Year Cost-Cutting Plan

Christopher Palmeri, Bloomberg

MGM Resorts' CEO says it clearly: We're in the last stages of economic expansion this cycle. Hotel chains will begin to prepare themselves for what comes next.

5 months ago

China’s Slowdown Is Driving Away Some of Macau’s High Rollers

China’s Slowdown Is Driving Away Some of Macau’s High Rollers

Daniela Wei, Bloomberg

The Macau casino stock index has slumped to its lowest level in a year. No wonder. Deutsche Bank has cut its 2019 outlook for casino revenue to 4 percent, from 11 percent, as China feels the pressure of the trade war and other factors.

9 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.

10 months ago

MGM Sues Las Vegas Mass Shooting Victims to Avoid Being Sued By Them

MGM Sues Las Vegas Mass Shooting Victims to Avoid Being Sued By Them

Associated Press

Last October's mass shooting in Las Vegas has had a negative impact on MGM Resorts' profits and will likely continue to do so for some time. But let's not forget that it also took the lives of 58 people and seriously injured hundreds more. This legal maneuvering by MGM is rightfully earning the company outrage in the public sphere.

11 months ago

Labor Unions Threaten a Las Vegas Strike That Might Cost Casinos Millions

Labor Unions Threaten a Las Vegas Strike That Might Cost Casinos Millions

Regina Garcia Cano, Associated Press

Take the union numbers quoted in this article with a grain of salt, as their remarks may be inflated as a negotiating tactic. But there's no doubt a labor strike could hurt Las Vegas resort groups.

1 year ago

Vegas Workers Threaten Over Wages, Safety and Robots, But Owners Don’t See Strike

Vegas Workers Threaten Over Wages, Safety and Robots, But Owners Don’t See Strike

Christopher Palmeri , Bloomberg

The issues at the center of labor unrest in Las Vegas translate across the entire U.S. economy: a decent wage, workplace safety and losing your job to a robot. The culinary workers and bartenders' contract is up June 1. Let's see what owners can guarantee.

1 year ago

The Most Highly Compensated Hotel CEOs of 2017

The Most Highly Compensated Hotel CEOs of 2017

Deanna Ting, Skift

We can only hope that a large portion of Steve Wynn's $34 million compensation from last year will go to his multiple alleged victims.

1 year ago

MGM CEO Criticizes ‘Hypocritical’ Investors on Diversity

MGM CEO Criticizes ‘Hypocritical’ Investors on Diversity

Christopher Palmeri , Bloomberg

It's been proven that diversity can often lead to better business success, and boost bottom lines. Kudos to this CEO for imploring shareholders to start caring more about diversity, and realizing how important it is to have in any industry.

1 year ago

The Park MGM Hopes to Be Part of the Transformation of Las Vegas

The Park MGM Hopes to Be Part of the Transformation of Las Vegas

Nikki Ekstein and Kate Krader, Bloomberg

Reinvention is the perennial name of the game when it comes to Las Vegas casino resorts, and it sounds like MGM made a smart bet on working with Sydell Group to transform the aging Monte Carlo hotel.

1 year ago