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Tag Archives: MGM Resorts International

MGM confirms ‘compelling’ proposal for Entain shares

US casino giant MGM Resorts International has confirmed that it has proposed a merger with its US sports betting and igaming partner Entain plc, but has refused to say if a firm offer to acquire the company will follow. It has also been confirmed that the offer consists of 0.6 MGM shares for each Entain share, representing a value of …

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Philadelphia 76ers announce BetMGM as Official Betting Partner

BetMGM has been named the Official Betting Partner of the National Basketball Association’s (NBA) Philadelphia 76ers, shortly after the mobile casino and sportsbook app’s Pennsylvania debut. The recent agreement will see the firm launch a range of 76ers branded casino games, in addition to featuring across all of the team’s digital and social media platforms including the official 76ers app.  …

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MGM seeks new Chairman as Jim Murren ends leadership tenure

MGM Resorts International has revealed its transition plan following the news of chairman and CEO Jim Murren’s decision to step down before his contract expiration.  The search process is set to be run by a committee of independent directors formed by the board alongside a ‘nationally recognised’ executive search firm. In a statement issued, Murren expressed his gratitude to MGM …

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Japan gives the go ahead for new gambling resorts

Japan’s Prime Minister Shinzo Abe has given the green light to approve new gambling resorts across the country, with hopes to open the first resort in Osaka by 2024. The government approved the opening of casinos in 2016, followed by the approval of another bill which would pave the way for the legalisation of integrated resorts. It is hoped that …

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MGM Resorts vows to cut costs as part of MGM20 initiative

MGM Resorts International has vowed to cut costs, improve efficiencies and prepare for a period of growth as announced in its new company-wide ‘MGM 20′ initiative.  The company is striving to grow from its previous profit growth initiatives implemented in 2015, and expects to deliver annualised Adjusted EBITDA uplift of $300m (£238m) in aggregate, consisting of $200m (£159m) by the end of 2020 …

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Winning Post: Changing perceptions of animal betting sports

In play - Copyright: gabe123 / 123RF Stock Photo

Regulus Partners, the strategic consultancy focused on international gambling and related industries, takes a look at some key developments for the gambling industry in its ‘Winning Post’ column. US: Florida greyhounds – dog days are over Florida, home to the oldest continually operated dog track in the world (and one of the largest) has banned wagering on greyhound races in …

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