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Showing posts from August, 2020

MGM Resorts (MGM) Hits 6-Week High After Layoff News - Investopedia

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MGM Resorts (MGM) Hits 6-Week High After Layoff News - InvestopediaMGM Resorts (MGM) Hits 6-Week High After Layoff News - InvestopediaPosted: 31 Aug 2020 07:10 AM PDT MGM Resorts International (MGM) stock rose nearly 5% to a six-month high on Friday after the company announced that it would lay off 18,000 furloughed workers due to continued headwinds from the COVID-19 pandemic. The company had approximately 70,000 employees at the end of 2019, so the job cuts represent about one-quarter of the total workforce. MGM is a top Las Vegas employer, making it likely that other resorts will follow suit with layoffs in coming weeks.Key TakeawaysMGM Resorts will lay off one-quarter of its workforce due to reduced visitation as a result of the pandemic.The stock has entered a major downtrend after topping out in 2018.Price action needs to mount tough resistance in the mid-$20s to improve the long-term outlook. Just prior to the news, the Nevada Gaming Board reported a 26.2% year-over-year decline …

10 Best Cheap Hotels in Paris, According to Hotels.com - Travel + Leisure

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10 Best Cheap Hotels in Paris, According to Hotels.com - Travel + Leisure10 Best Cheap Hotels in Paris, According to Hotels.com - Travel + LeisurePosted: 20 Jun 2020 12:00 AM PDT 10 Best Cheap Hotels in Paris | Travel + Leisure | Travel + LeisureTop NavigationCloseExplore Travel + LeisureProfile MenuFollow us

PLAYSTUDIOS Introduces New mySTRIP Feature In myVEGAS Mobile Slots Showcasing Iconic MGM Resorts International Properties - PRNewswire

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PLAYSTUDIOS Introduces New mySTRIP Feature In myVEGAS Mobile Slots Showcasing Iconic MGM Resorts International Properties - PRNewswirePLAYSTUDIOS Introduces New mySTRIP Feature In myVEGAS Mobile Slots Showcasing Iconic MGM Resorts International Properties - PRNewswirePosted: 17 Aug 2020 12:00 AM PDTmySTRIP allows players to explore their virtual world from a sidewalk-level perspective while completing daily missions, activating new game challenges, collecting valuable in-game items, and competing for additional prizes in special "Spotlight Events." Throughout the gameplay experience, players can also "visit" iconic MGM Resorts properties and interact with "Only in Vegas" pedestrians that present "daily missions" – all while being immersed in the sights, sounds, and even traffic of The Strip. "With mySTRIP, we are adding a new level of depth to the myVEGAS experience and we're putting it in the palm of your hand," says PLAYSTUDIOS Fo…

Hotel and casino group MGM Resorts lays off 18,000 - Bangkok Post

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Hotel and casino group MGM Resorts lays off 18,000 - Bangkok PostHotel and casino group MGM Resorts lays off 18,000 - Bangkok PostMGM Resorts (MGM) Hits 6-Week High After Layoff News - InvestopediaBarry Diller's IAC bets $1 billion on gambling giant MGM Resorts - New York Post Hotel and casino group MGM Resorts lays off 18,000 - Bangkok PostPosted: 28 Aug 2020 05:45 PM PDTMGM Resorts closed all of its US-based properties as the coronavirus pandemic arrived in March, and has slowly been reopening them. NEW YORK: Hotel and casino giant MGM Resorts on Friday said 18,000 furloughed employees in the United States would be permanently laid off as the hospitality industry struggles amid the coronavirus pandemic."Federal law requires companies to provide a date of separation for furloughed employees who are not recalled within six months," CEO Bill Hornbuckle said in a letter seen by AFP."Regrettably, August 31, marks the date of separation for thousands of MGM Resorts …

Everi Digital Launches High Performing Slot Content at Borgata Online Casino, BetMGM and Party Casino New Jersey - GlobeNewswire

Everi Digital Launches High Performing Slot Content at Borgata Online Casino, BetMGM and Party Casino New Jersey - GlobeNewswireEveri Digital Launches High Performing Slot Content at Borgata Online Casino, BetMGM and Party Casino New Jersey - GlobeNewswirePosted: 03 Aug 2020 12:00 AM PDTLAS VEGAS, Aug. 03, 2020 (GLOBE NEWSWIRE) -- Everi Digital, the online gaming division of Everi Holdings Inc. (NYSE: EVRI) ("Everi" or the "Company"), the casino gaming industry's single source provider of gaming products, financial technology and loyalty solutions, has partnered with ROAR Digital LLC, a joint venture created by MGM Resorts International (NYSE: MGM) and GVC Holdings Plc (LSE: GVC), to launch three of its long-time player popular three-reel mechanical titles on Borgata Online Casino, BetMGM, and Party Casino New Jersey.
Smokin' 777®, Meltdown®, and Double Ruby® are available for play now on these market leading brands for online real-money gaming in New Jersey…

“MGM Resorts International closes all of its Las Vegas hotels and casinos - Daily Mail” plus 1 more

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“MGM Resorts International closes all of its Las Vegas hotels and casinos - Daily Mail” plus 1 moreMGM Resorts International closes all of its Las Vegas hotels and casinos - Daily MailPosted: 16 Mar 2020 12:00 AM PDTMGM casinos set to close on MondayThe Bellagio MGM GrandMandalay BayThe MirageLuxorNew York-New York ExcaliburPark MG  Advertisement MGM Resorts International announced on Sunday that it will be halting the operations of all of its Las Vegas hotels and casinos as the coronavirus continues its spread in Nevada.It means some of the most well-known hotels, casinos and mega resorts in the city that employ tens of thousands of workers, such as The Bellagio, the MGM Grand and Mandalay Bay, will close their doors.The company said they will cease casino operations on Monday followed by the hotel operations on Tuesday.The Mirage, Luxor, New York-New York, Excalibur and Park MG will also shut, MGM confirmed. Wynn Resorts also said in a statement on the same day that Wynn Las Vegas and…