Tag: MGM

Maryland Casinos Break New Revenue Records in 2018

gaming-revenue
January 8, 2019

Maryland’s six casino operators closed out 2018 with rather modest gaming revenue gains even though Horseshoe Casino Baltimore’s ongoing decline showed no signs of subsiding – only Horseshoe Casino saw revenue decline, which in this case was a 7.2 percent drop. According to figures released on Monday by the Maryland Lottery and Gaming Agency, statewide casino gaming revenue hit the $148.8 million mark in December 2018, a 5.2 percent increase over the same month in the previous years and an improvement of $8.4 million over what was recorded in November 2018. The Specifics Casino gaming revenue by itself contributed to… Read More

GVC and MGM Enter Into $200M Joint Venture

July 31, 2018

International gaming operators are becoming increasingly interested in America’s online gambling market, and a $200m deal has welcomed one of the UK’s biggest sports betting firms into the country. Recently GVC Holdings (the owner of Ladbrokes and Coral) has entered into a joint venue with MGM, and the two companies will work together to provide players across the country with access to top-quality sports betting systems. The Nitty Gritty The new joint venture will see MGM and GVC come together to create a sports betting platform that will cater to American players. Now that the Professional and Amateur Sports Protection… Read More

MGM Offering Increased

MGM
June 19, 2018

The Las Vegas Sands is not the only casino trying to raise money. A few days ago, the Las Vegas Sands was in the news about gaining more money by extending their loan. Now, MGM is in the news talking about their senior notes. The initial offering was going to be $500 million, but after a bit of a look through the books the company is going for a different sum. MGM is looking for a billion. The company has not provided a reason for why they need to increase the senior notes offering, which is double what it was… Read More

MGM Hurting Connecticut’s Third Tribal Casino

MGM
February 3, 2018

The third tribal casino that will soon be established in Connecticut is facing backlash from MGM thanks to MGM’s attempting to circumvent the construction process in every way possible. This past Thursday the Chairman of Mohegan Gaming & Entertainment or MGE announced that the casino brand would be entering into a joint venture with the Mashantucket Pequot tribe. He announced that the new casino would be built on the site where an old cinema currently stands in the East Windsor area. Why MGM Has Been Attempting to Stop This New Casino The proposal has been significantly hindered however by MGM… Read More