It was inevitable As the United States finally starts to embrace the seriousness of the novel coronavirus (COVID-19), social distancing has become the key tool in fighting the virus. By staying away from each other, by limiting crowds, we can help slow the spread of the coronavirus. To this end, MGM Resorts International announced on… Read more »
MGM Resorts International has announced the creation of a new live poker series, the MGM Resorts East Coast Poker Tour (ECPT). As the name implies, the tour will be hosted by MGM’s large casinos in the eastern United States. The ECPT will kickoff in February 2020. Like some regional or “minor league” poker tours, the… Read more »
MGM wants to get lighter MGM continues to look to shed properties, as Bloomberg is reporting that MGM Resorts International and MGM Growth Properties LLC, a real estate investment trust spinoff, are looking for an investor to buy the MGM Grand and Mandalay Bay. Bloomberg’s sources provided little detail and MGM Growth Properties did not… Read more »
Despite making a living in the gambling industry for nearly a decade and a half, I am not much of a gambler. I covered the World Series of Poker in person for a couple years and rarely actually played poker. I played some video poker on occasion when I took a break and would go… Read more »
MGM Resorts International announced on Tuesday that it has sold two of its Las Vegas Strip casinos: Circus Circus and Bellagio. The combined sales price of the two properties is $5.075 billion. Circus Circus The agreement to sell Circus Circus, one of the mainstays of the north end of the Strip, was rumored to have… Read more »
Bloomberg is reporting that Blackstone Group, Inc. is pursuing the acquisition of both the Bellagio and MGM Grand Las Vegas from MGM Resorts International. The financial media outlet’s sources say the two companies are talking, but no details are known yet and things could always fall apart. Bloomberg analysts estimate that the Bellagio could sell… Read more »
Two giants of the gaming industry, MGM Resorts International and Caesars Entertainment, have teamed up to create the non-profit Sports Wagering Integrity Monitoring Association (SWIMA), which is just as it sounds: a watchdog organization with the aim of maintaining the integrity of the growing U.S. sports betting industry. According to a press release, SWIMA is… Read more »
