In what became a very tense meeting, the Nevada Gaming Control Board approved the extension of licenses for two online poker operators. MGM Resorts and Z4Poker both appeared in front of the NGCB and stated their reasons for asking for the extensions, which were accepted by the Board. In extending them for another year, however,… Read more »
Shockingly easy Many of MGM Resorts’ systems were crippled because of cyberattack this past Monday and now the group responsible for it has been unmasked. According to vx-underground, a group that curates what it calls the “largest collection of malware source code, samples, and papers on the internet,” it was the ALPHV/BlackCat ransomware group that… Read more »
MGM Resorts properties appear to be fully operational once again, a day after the company experienced a significant disruption because of an alleged cyberattack. The company did not disclose specifics as to what exactly happened, calling it simply a “cybersecurity issue.” In a statement published to social media on Monday, MGM that once the problem… Read more »
Continues the real estate/operation split MGM Growth Properties has acquired the real estate of MGM Springfield in Massachusetts from MGM Resorts International for $400 million cash. The purchase is a leaseback deal in which MGM Resorts will continue to operate the property and pay MGM Growth $30 million per year in rent. In Tuesday’s announcement,… Read more »
MGM Growth Properties, a real estate investment trust (REIT), indicated on Monday that it could be interested in acquiring another property on the Las Vegas Strip. During a third quarter earnings call, CEO James Stewart said that his company was definitely looking to expand, but only with large casino properties that would “move the needle.”… Read more »
While it has not been proven to be an actual plan for the future of one of Las Vegas’ most powerful casino conglomerates, there is an alleged plan for the opening of the MGM Resorts properties making the rounds on social media. The plan, while logical, may be rooted in information that came from a… Read more »
We are in an unprecedented time in the history of this country, if not the world. Everyday life has pretty much ground to a halt and those pastimes that we used to turn to for a respite – be it sports, casino gaming or poker – have been taken away as well. With the breakout… Read more »
In a move that surprised some in the casino and gaming industry, American Gaming Association Chief Executive Officer Geoff Freeman has decided to step down as the head of the powerful trade organization. “The AGA accomplished many important successes during Geoff’s tenure, most notably the recent Supreme Court ruling declaring the Professional and Amateur Sports… Read more »
