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Showing posts from October, 2020

MGM Resorts Named One of World's Best Employers by Forbes - PRNewswire

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MGM Resorts Named One of World's Best Employers by Forbes - PRNewswire MGM Resorts Named One of World's Best Employers by Forbes - PRNewswire Posted: 15 Oct 2020 12:00 AM PDT LAS VEGAS , Oct. 15, 2020 /PRNewswire/ -- MGM Resorts International (NYSE: MGM ) was ranked No. 107 on Forbes' list of 750 World's Best Employers for 2020. MGM Resorts is the only company on the Las Vegas Strip to make the list. Forbes partnered with market research firm Statista to compile their fourth-annual list of the World's Best Employers. They surveyed 160,000 full-time and part-time workers from 58 countries working for businesses with operations in multiple nations or regions. The final list is composed of 750 multinational and large corporations headquartered in 45 countries. Other U.S. companies listed in the Travel & Leisure category include Marriott International (No. 28), Royal Caribbean Cruises (No. 134), Hyatt Hotels

Las Vegas continues to struggle through COVID-19 pandemic: MGM Resorts reports $495M loss - USA TODAY

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Las Vegas continues to struggle through COVID-19 pandemic: MGM Resorts reports $495M loss - USA TODAY Las Vegas continues to struggle through COVID-19 pandemic: MGM Resorts reports $495M loss - USA TODAY Posted: 30 Oct 2020 12:54 PM PDT CLOSE The coronavirus pandemic has taken a toll on MGM Resorts. USA TODAY LAS VEGAS  ­–  A slow return of travel and fewer tourists on The Strip translated to a third quarter operating loss of $495 million for MGM Resorts. That's a steep drop from the $238 million in operating income recorded in the third quarter of 2019. Those figures refer to income or losses calculated after operating expenses such as payroll and equipment are subtracted. The owner of 10 resorts on the Strip reported net third quarter revenues of $1.1 billion – a 66% decrease. "Amid this uncertainty, we are charting a plan for growth," CEO Bill Hornbuckle said during a Thursday earni

“Las Vegas continues to struggle through COVID-19 pandemic: MGM Resorts reports $495M loss - USA TODAY” plus 1 more

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“Las Vegas continues to struggle through COVID-19 pandemic: MGM Resorts reports $495M loss - USA TODAY” plus 1 more Las Vegas continues to struggle through COVID-19 pandemic: MGM Resorts reports $495M loss - USA TODAY Posted: 30 Oct 2020 12:54 PM PDT CLOSE The coronavirus pandemic has taken a toll on MGM Resorts. USA TODAY LAS VEGAS  ­–  A slow return of travel and fewer tourists on The Strip translated to a third quarter operating loss of $495 million for MGM Resorts. That's a steep drop from the $238 million in operating income recorded in the third quarter of 2019. Those figures refer to income or losses calculated after operating expenses such as payroll and equipment are subtracted. The owner of 10 resorts on the Strip reported net third quarter revenues of $1.1 billion – a 66% decrease. "Amid this uncertainty, we are charting a plan for growth," CEO Bill Hornbuckle said during a

“Biography of Casino Mogul Kirk Kerkorian - History of Las Vegas - BestUSCasinos.org” plus 1 more

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“Biography of Casino Mogul Kirk Kerkorian - History of Las Vegas - BestUSCasinos.org” plus 1 more Biography of Casino Mogul Kirk Kerkorian - History of Las Vegas - BestUSCasinos.org Posted: 30 Oct 2020 12:32 PM PDT These days, monolithic corporations like Caesars Entertainment, MGM Resorts, and Boyd Gaming own and operate most of the casinos in Las Vegas. As such, a revolving door of company presidents and chief executive officers remains largely in charge of how your favorite casino resorts operate. But it wasn't always this way, as Sin City's glory days were built by enterprising entrepreneurs who applied their own personality to the venues they controlled. There's Bugsy Siegel, Howard Hughes, Frank "Lefty" Rosenthal, and plenty more. And this page covers Kirk Kerkorian, a true Las Vegas legend who brought the world's largest hotel resort to town not once, not twice, but three times. Below, you'll learn al

Good Samaritan disarms suspect in MGM Grand; Metro detectives seek to identify people involved - KLAS - 8 News Now

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Good Samaritan disarms suspect in MGM Grand; Metro detectives seek to identify people involved - KLAS - 8 News Now Good Samaritan disarms suspect in MGM Grand; Metro detectives seek to identify people involved - KLAS - 8 News Now Posted: 03 Oct 2020 12:00 AM PDT LAS VEGAS (KLAS) — A shooting inside the MGM Grand Hotel and Casino came as a result of a Good Samaritan stepping in, according to Metro Police. On Friday morning, Metro Police responded to the call of a shooting at around 2:30 a.m. inside the MGM Grand. Following an investigation, Metro Police determined a group of people had been involved in an argument inside of the casino. Two people broke away from the group, where one of them pulled out a handgun. At that point, a Good Samaritan noticed the man pulled a gun and attempted to disarm him. As they struggled over the gun, one round was fired and the gun was dropped. The Good Samaritan picked up the gun and turned it over

New Circa Resort & Casino Launches In Downtown With Visionary Las Vegas Amenities - PRNewswire

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New Circa Resort & Casino Launches In Downtown With Visionary Las Vegas Amenities - PRNewswire New Circa Resort & Casino Launches In Downtown With Visionary Las Vegas Amenities - PRNewswire Posted: 30 Oct 2020 06:00 AM PDT Conceived by  developer and CEO Derek Stevens , Circa's opening marks a series of firsts and achievements for Las Vegas: One of the most ambitious projects in downtown Las Vegas' 115-year history and the area's first resort-casino built from the ground up in four decades. World's largest sportsbook with a 78-million-pixel screen viewable to up to 1,000 people Vegas' first adults-only resort  Country's largest destination pool experience for sports fans, open 365 days a year with a 14-million-pixel screen  New-to-Vegas food & beverage concepts by renowned chefs and restaurateurs from across the country  Nevada's longest indoor bar spanning 165 feet   First Las Vegas resor

“MGM reports $535M loss, but CEO sees signs of recovery - Las Vegas Review-Journal” plus 1 more

“MGM reports $535M loss, but CEO sees signs of recovery - Las Vegas Review-Journal” plus 1 more MGM reports $535M loss, but CEO sees signs of recovery - Las Vegas Review-Journal Posted: 29 Oct 2020 02:13 PM PDT Despite the challenges presented by COVID-19, MGM Resorts International is focusing on growth. The company reported a net loss of $535 million in the third quarter, largely driven by pandemic-related operational restrictions, casino closures and limited traffic in Macao and Las Vegas. Net revenues were $1.1 billion, down 66 percent year over year. But the company has a strong liquidity position — nearly $4.5 billion in domestic operations as of Sept. 30 — and is focusing on investments in Macao, Japan and its sports betting platform, BetMGM. "Even amid this uncertainty, we are charting a plan for growth," said CEO Bill Hornbuckle during a Thursday earnings call. "Respond, adapt and plan to grow has become the phil

MGM reports $535M loss, but CEO sees signs of recovery - Las Vegas Review-Journal

MGM reports $535M loss, but CEO sees signs of recovery - Las Vegas Review-Journal MGM reports $535M loss, but CEO sees signs of recovery - Las Vegas Review-Journal Posted: 29 Oct 2020 02:13 PM PDT Despite the challenges presented by COVID-19, MGM Resorts International is focusing on growth. The company reported a net loss of $535 million in the third quarter, largely driven by pandemic-related operational restrictions, casino closures and limited traffic in Macao and Las Vegas. Net revenues were $1.1 billion, down 66 percent year over year. But the company has a strong liquidity position — nearly $4.5 billion in domestic operations as of Sept. 30 — and is focusing on investments in Macao, Japan and its sports betting platform, BetMGM. "Even amid this uncertainty, we are charting a plan for growth," said CEO Bill Hornbuckle during a Thursday earnings call. "Respond, adapt and plan to grow has become the philosophy that go