MGM Resorts International announces its second major partnership of the week, confirming that its has secured a ‘first of a kind’ sports betting arrangement with National Basketball Association (NBA). NBA Chief Commissioner Adam Silver and MGM Resorts President & CEO Jim Murren announced the partnership this afternoon in New York city. For the first time, the NBA will open its …
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As anticipated FTSE-listed GVC Holdings has this morning confirmed the establishment of its 50-50 US joint venture with MGM Resorts International (MGM). Updating the market, GVC governance states that the joint-venture will significantly expand its US position granting direct access to regulated US states, with both venture parties securing ‘meaningful early mover advantages.’ “With a proven track record as partners-of-choice, …
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Sky News has this morning reported that FTSE-listed gambling group GVC Holdings is set to unveil it’s $/£ multi-million US strategic partnership with MGM Resorts International next week. According to city insiders, GVC governance is finalising plans on a long-term 50-50 joint venture with MGM Resorts, considered the US’ largest casino operator. Both parties will commit an initial $100 million …
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US industry trade group the American Gaming Association (AGA) has established a seven-strong ‘search committee’ to assist with the leadership replacement of Geoff Freeman, who ends his 5-year CEO tenure to join America’s Grocery Manufacturers Association (AGMA) at the end of July. The AGA’s search committee will be led by Penn National Gaming Chief Executive Tim Wilmott, who seeks to find …
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New York-listed gambling and leisure group MGM Resorts International, has confirmed the executive appointment of Scott Butera as new President of Interactive Gaming. A 25-year gambling and hospitality leadership veteran, Butera has formerly served as President of Foxwoods Resorts and as Commissioner of the Arena Football League. In its corporate update, MGM governance details that Butera will be primarily tasked …
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MGM Resorts International’s New Jersey property the Borgata Hotel Casino & Spa will have its sports betting systems and terminals powered by industry technology provider IGT Group. Issuing a market update, New York-listed IGT Group confirms that it has secured the retail betting systems contract to service MGM Resorts Atlantic City property. Both parties have a prior relationship, with IGT …
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US casino and leisure operator Boyd Gaming Corporation (Boyd) has agreed to sell its 50% stake in Atlantic City’s Borgata casino complex to MGM Resorts International (MGM) for a reported $900 million. Boyd’s stake is set to be acquired by MGM property subsidiary ‘MGM Growth Properties’ with the deal expected to be completed by Q3 2016. MGM will take over …
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Nevada based MGM Resorts International has announced that it has completed the sale of Reno leisure/gambling asset Circus Casino and its 50% stake in the Silver Legacy Resort to Eldorado Resorts Inc. First agreed in July, the transaction sees Eldorado pay $73 million in cash for the combined assets. Eldorado are further set to commit $8 million in working capital …
Read More »When Jim Murren, the chief executive of MGM Resorts International, suggests that change is coming to the slots floors of Las Vegas, it makes sense that participants in the online world as much as their land-based brethren should pay attention to his comments. Murren said in July that US casinos would “look different” in years to come with “more social …
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GTECH Interactive has announced a multi-year deal to provide MGM Resorts International with sports betting technology. The deal will cover 12 MGM properties with GTECH ‘OnPremise’ mobile sports betting and casino gaming at 10 MGM properties in the US state of Nevada. The agreement represents GTECH’s first planned sports betting and GTECH OnPremise mobile gaming deployment in the US. “This sports …
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