Articles tagged “mgm”

Barry Diller Shares Pandemic Highs and Lows, Snapping Up MGM Resorts Stake While Rescuing Expedia With Debt

Barry Diller Shares Pandemic Highs and Lows, Snapping Up MGM Resorts Stake While Rescuing Expedia With Debt

Dennis Schaal, Skift

Both of Barry Diller's companies, IAC and Expedia, are now invested in a travel recovery, which he thinks will arrive in only a matter of time. Count Diller on the side of those who believe the new normal will resemble its former self more than many people imagine.

1 month ago

Barry Diller’s IAC Takes $1 Billion Stake in MGM Resorts With Eye on Online Gaming

3 months ago

Travel CEO Video Messages: Best Practices for the Coronavirus Pandemic

Travel CEO Video Messages: Best Practices for the Coronavirus Pandemic

Dennis Schaal, Skift

Like any great speech, CEO videos about the coronavirus crisis need to be straightforward, authentic, and personal — and most important there needs to be substance to reinforce the message. Some brands have been able to deliver these crisis communications messages much better than others.

7 months ago

MGM Resorts Enters Deal With Private Equity Giant Blackstone Over Las Vegas Properties

MGM Resorts Enters Deal With Private Equity Giant Blackstone Over Las Vegas Properties

Nancy Trejos, Skift

MGM Resorts has agreed to sell two of its most notable Las Vegas properties, MGM Grand and Mandalay Bay, to a joint venture including real estate giant Blackstone. The company is going asset-light following its sale of the Bellagio last year.

10 months ago

MGM on Hunt for Investor to Join Las Vegas Property Venture

MGM on Hunt for Investor to Join Las Vegas Property Venture

Christopher Palmeri and Gillian Tan, Bloomberg

Like other hospitality companies, MGM is pivoting towards an asset-light model and has spent the last year or so preparing for an economic downturn. It should be in good shape if the worst happens.

12 months ago

MGM Settles Las Vegas Shooting Lawsuit for Up to $800 Million

MGM Settles Las Vegas Shooting Lawsuit for Up to $800 Million

Associated Press

While it's good MGM is shelling out money for its role in the mass shooting, it's hard to forget that the company actually filed a lawsuit against some of the shooting's survivors two years ago.

1 year ago

Wynn Resorts Banks On International Gamblers at New Boston-Area Casino

Wynn Resorts Banks On International Gamblers at New Boston-Area Casino

Randall Williams, Bloomberg

Wynn Resorts is betting on overseas visitors, including Asian parents dropping off their children at Boston’s many colleges, to flock to its just-opened casino. Will a Vegas-style concept in the heart of New England work?

1 year ago

Wynn Resorts Bets on Vegas-Style Glitz for New Boston-Area Hotel

Wynn Resorts Bets on Vegas-Style Glitz for New Boston-Area Hotel

Christopher Palmeri , Bloomberg

Usually casinos outside major cities lack some of the polish of Las Vegas. But with its new hotel outside Boston, Wynn is trying something different. The Encore Boston Harbor will be a Vegas-style operation. Will it work?

1 year 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 years ago

Hotels Missing Out on Federal Security Protections

Hotels Missing Out on Federal Security Protections

Regina Garcia Cano, Associated Press

Many hotels, including some in Las Vegas, already have systems to monitor guests for security threats, especially after the MGM Resorts massacre in Sin City. They could probably do more to get certified for federal protections.

2 years 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

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.

3 years ago