mgm resorts
MGM Resorts’ Joint Venture Signs Implementation Agreement for Integrated Resort in Osaka, Japan
MGM Resorts International | September 28, 2023
Marks Finalization of the Certification Process LAS VEGAS, Sept. 28, 2023 -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today announced that Osaka IR Corporation, a joint venture with ORIX Corporation ("ORIX") established to develop the Osaka IR Project, signed an agreement with Osaka Prefecture and Osaka City to implement the Specified Integrated Resort Facilities Area Development Plan for Yumeshima, Osaka. MGM and ORIX, together with Osaka IR Corporation, will contribute to the sustainable growth and development of tourism and the economy of Osaka and the Kansai region, as well as Japan through this fir...
Analyzing MGM and Caesars Cyberattacks: Lessons in Cybersecurity Preparedness
Mark Munger | September 26, 2023
By Mark Munger In the wake of recent cyberattacks targeting industry giants MGM Resorts and Caesars Entertainment, it’s imperative to examine both the commonalities and disparities in these incidents. These high-profile breaches offer valuable insights into the ever-evolving realm of cybersecurity threats within the gaming industry. Furthermore, they underscore the importance of proactive cybersecurity measures and preparedness. General Considerations Before delving into the specifics of these cyberattacks, it’s essential to emphasize the significance of proactive cybersecurity measures. Post-breach recovery efforts are undoubted...
Cherokee Nation Businesses Completes Acquisition of Gold Strike Casino Resort for $450 Million
Cherokee Nation Businesses | February 16, 2023
TUNICA, Miss., Feb. 16, 2023 -- CNE Gaming Holdings LLC, an indirect subsidiary of Cherokee Nation Businesses, officially assumed operations of Gold Strike Casino Resort after receiving approval from the Mississippi Gaming Commission. "This is a historic day of growth for our hospitality portfolio as we enter the commercial gaming industry, and we welcome the wonderful team at Gold Strike to the family," said Mark Fulton, president and chief operating officer of Cherokee Nation Entertainment. "For years, we've set the standard of excellence in gaming. We are excited to invest in this beautiful property and bring our th...
MGM and VICI to Sell Operations of Gold Strike Tunica for $450 Million to Cherokee Nation Entertainment
MGM Resorts International | June 10, 2022
LAS VEGAS, June 10, 2022 -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today announced that it has reached an agreement to sell the operations of Gold Strike Tunica ("Gold Strike") to Cherokee Nation Entertainment Gaming Holdings, LLC ("CNE"), a subsidiary of Cherokee Nation Businesses, for $450 million in cash, subject to customary adjustments. "I want to thank all of our Gold Strike employees who have consistently delivered world-class gaming and entertainment experiences to our guests," said Bill Hornbuckle, CEO & President, MGM Resorts International. "Gold Strike is a wonderful property with a bright...
VICI Properties Inc. Completes $17.2 Billion Strategic Acquisition of MGM Growth Properties
VICI Properties Inc. | May 2, 2022
– Adds 15 Marquee Assets Expanding Real Estate Portfolio to 43 Class-A Properties – – Increases Annual Rent by Over $1.0 Billion – – Diversifies Tenant Base to Eight Best-In-Class Operators – – Closes on $5.0 Billion of Investment Grade Senior Unsecured Notes – – Settles the Exchange Offer and Consent Solicitation for Notes Originally Issued by MGP NEW YORK--May 2, 2022--VICI Properties Inc. (NYSE: VICI) (“VICI,” “VICI Properties” or the “Company”), an experiential real estate investment trust, today announced it has closed on the previously announced acquisition of MGM Growth Properties LLC (NYSE: MGP) ("MG...
MGM Resorts International Names Jonathan Halkyard as Chief Financial Officer
MGM Resorts International | January 6, 2021
LAS VEGAS, Jan. 6, 2021 -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or "the Company") today announced Jonathan Halkyard will become Chief Financial Officer for the global gaming, hospitality and entertainment organization. Halkyard is a senior corporate executive who spent 13 years in leadership roles at Caesars Entertainment and was more recently the President and Chief Executive Officer of Extended Stay America, Inc. and ESH Hospitality, its paired-share REIT. He will report to Bill Hornbuckle, President and CEO, and succeeds Corey Sanders, who was recently appointed Chief Operating Officer of the Company. "Jonathan brings th...
MGM Resorts International Reports First Quarter Financial and Operating Results
MGM Resorts International | May 5, 2020
The health and safety of our employees, guests, and communities are our top priority The Company has proactively reduced its cash outflows to $270 million per month during closures, excluding MGM China and MGP, and is well-positioned given its strong liquidity and recent $750 million senior notes offering Sports Betting, Japan and Macau remain priority long-term strategic initiatives LAS VEGAS, May 5, 2020 -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today reported financial results for the quarter ended March 31, 2020. "The year started strong with results ahead of expectations, however the ...
MGM Pledges $1 Million for Employee Emergency Fund and Donates Close to Half a Million Pounds of Food, Equivalent to 400,000 Meals Across the US
MGM Resorts International | March 23, 2020
LAS VEGAS, March 23, 2020 - MGM Resorts International (NYSE: MGM) today announced an array of initiatives intended to support those impacted economically by the coronavirus (COVID-19) pandemic, including a $1 million crisis and disaster relief pledge into an employee emergency grant fund and donating the equivalent of 400,000 meals across the United States. "As we confront extraordinary events and an unprecedented global pandemic crisis, we know that this is an extremely challenging and uncertain time for many of our employees, their families, friends and neighbors and we are committed to help those in need," said Bill Hornbuckle,...
