Articles tagged “mgm resorts”

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.

2 weeks 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.

4 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.

5 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.

6 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.

8 months 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.

8 months 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.

8 months 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.

8 months 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.

8 months 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.

9 months ago

Wynn’s New Boston Casino Resort May Be Sold to MGM

Wynn’s New Boston Casino Resort May Be Sold to MGM

Christopher Palmeri, Bloomberg

So maybe MGM isn't buying all of Wynn Resorts, but hoping to settle for a piece of it in Boston?

9 months ago

CEO Interview: The Future of Boutique Hotels Is to Go Big

CEO Interview: The Future of Boutique Hotels Is to Go Big

Deanna Ting, Skift

Can such a thing as a boutique or lifestyle casino resort with nearly 3,000 rooms actually work? We'll find out soon.

11 months ago