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Bellagio
News

MGM Sells Bellagio, Circus Circus For More Than $5B

... . The property will be leased back to a subsidiary of MGM Resorts for an initial rent of $245M/year. For Blackstone, the ... leader in sports betting in the U.S., according to MGM Resorts International CEO Jim Murren. In another major recent hotel trade ...

Oct 16, 2019
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MGM Makes $900M Investment In Atlantic City
News

MGM Closes $900M Deal For Atlantic City Hotel

... successful casino in the NJ gambling market—from Boyd Gaming. MGM Resorts will operate the hotel, but will sell the entire ... plan to sidestep a bankruptcy filing by the city. MGM Resorts CEO Jim Murren tells Bloomberg the deal would strengthen the ...

Jun 01, 2016
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MGM Growth Properties Raises $1.05B In IPO
News

MGM Growth Properties Raises $1.05B In IPO

... to heat up.The REIT invests in casino resorts and priced its IPO at $21/share— ... Journal reports. The REIT was spun off from MGM Resorts last year, in the company's effort ... market calms down, perhaps giving MGM Growth Properties the environment it needs. [WSJ]

Apr 20, 2016
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MGM Appoints CEO And CFO To Lead New REIT
News

MGM Chooses Industry Veterans To Power New REIT

MGM Resorts has scooped up two former managing directors at Greenhill & Co. ... Properties, the hotel giant’s recently announced REIT. MGM Resorts CEO Jim Murren says the vets' combined 40 years of ...

Jan 19, 2016
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MGM, Wynn Call Off Encore Boston Harbor Sale Talks
News

MGM, Wynn Call Off Encore Boston Harbor Sale Talks

... nearly complete $2.6B Encore Boston Harbor, MGM Resorts International and Wynn Resorts announced late Tuesday they were no longer in ... Steve Wynn. Industry experts told the Boston Globe Wynn Resorts felt it was treated poorly by Massachusetts despite it ...

May 23, 2019
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MGM Casino Fails to Sway Liberty Village Residents, Businesses
News

MGM Casino Fails to Sway Liberty Village Residents, Businesses

With the casino debate heating up, MGM Resorts International was in town this past weekend pitching the 10, ... and want to go double or nothing on the size.)MGM and partner Cadillac Fairview have been on a full-court ...

Mar 19, 2013
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Las Vegas Helps MGM Make Up for Macau Losses
News

Las Vegas Helps MGM Make Up for Macau Losses

MGM Resorts' revenue slipped 11% in the first quarter as the ... a 45% dive in VIP table revenue and cut overall MGM China revenue by one-third, to $630.1M. ... for celebration than Far East holdings. Occupancy rates at MGM's hotels on the Strip slid to 90% from ...

May 04, 2015
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MGM Grand
News

VICI Properties Buying MGM Growth Properties For $17.2B

... including debt. The company is a REIT spun off by MGM Resorts International in 2016 but still controlled by the hospitality giant ... asset focused” REIT. The deal represents the latest move by MGM Resorts in a long-term disposition drive. In 2019, the company ...

Aug 04, 2021
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MGM Springfield
News

Following Worst Month For Gaming Revenue, MGM Springfield Replaces Its President

... is slated to come from one of MGM Resorts’ Midwestern casinos. MGM Northfield Park President and Chief Operating ... take over for Mathis pending regulatory approval, MGM Resorts announced Tuesday. MGM Springfield Vice President and Chief Financial Officer ...

Jan 21, 2020
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Hyatt To Expand All-Inclusive Portfolio With $2.6B Acquisition Of Playa Hotels & Resorts
News

Hyatt To Expand All-Inclusive Portfolio With $2.6B Acquisition Of Playa Hotels & Resorts

... Hyatt Zilara hotels, as well as Wyndham Hotels & Resorts-branded hotels, according to its website.  “This pending ... brand.  Marriott International announced licensing agreements with MGM Resorts International and Sonder Holdings in 2023 and 2024, ...

Feb 10, 2025
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