MGM Resorts International and Caesars Entertainment Corp. on Tuesday announced reopening plans that will expand hotel and casino capacity in the city.
Acting CEO of MGM Resorts International Bill Hornbuckle says the reopening of the Las Vegas has been “amazing.”
Jim Murren worked as the chief financial officer of MGM Resorts International from 1998 until March 2020. He is now leading Nevada’s COVID-19 Response, Relief and Recovery Task Force.
Jim Murren worked as the chief financial officer of MGM Resorts International from 1998 until March 2020. He is now leading Nevada’s COVID-19 Response, Relief and Recovery Task Force.
The furloughs of almost 63,000 MGM Resorts International employees could turn into layoffs starting starting August 31.
MGM expects to see “weakened demand” at its properties with reduced domestic and international travel restrictions, consumer fears and reduced consumer discretionary spending. (Michael Quine/Las Vegas Review-Journal)
From April 14 to April 30, chefs from the MGM Resorts International will cook and donate 1,000 hot meals a day for Catholic Charities of Southern Nevada. (Bizuayehu Tesfaye/Las Vegas Review-Journal) @bizutesfaye
Johnny Kats interviews New York New York president and COO Cindy Kiser Murphey about the lighting of the Las Vegas Strip with messages of hope amid the coronavirus crisis.
Nevada Governor Steve Sisolak’s 30 day nonessential business closure shuts down 440 licensed casinos and leaves tens of thousands of employees out of work.
Lines formed early Tuesday morning at the One Stop Career Center after school closures and layoffs in the Las Vegas tourism industry. (Michael Quine/Las Vegas Review-Journal)
Tourists like David and Emma Walker, who are visiting from Scotland, found out about MGM Resorts’ property closures through Google, instead of the Luxor where they are currently staying. The Walkers are upset with how MGM has handled the situation by not making their customers aware of the closures first. (Cassie Soto/Las Vegas Review-Journal)
Japan is getting ready to issue three highly coveted gaming licenses. The country’s gaming market is estimated to be worth more than $25 billion a year once resorts open in 2025. If the estimates stand up, Japan would become the second-largest gaming market in the world behind Chinese gaming enclave Macau. MGM and at least eight other companies had been vying for the Japanese licenses. In 2019 Las Vegas Sands Corp. and Wynn Resorts Ltd. turned their attention to other areas. Caesars Entertainment Corp. dropped out of the race altogether. MGM teamed up with Japanese financial services group Orix for its bid for a gaming license. MGM/Orix group was the only one to participate in the RFP process. “We think MGM is in a very good position in Osaka at this point” – Union Gaming analyst John DeCree (Las Vegas Review-Journal)
MGM Resorts International and the Las Vegas Raiders announced their partnership Thursday morning, Jan. 23, 2020. MGM Resorts has been named the official gaming partner of the Raiders. (Las Vegas Review-Journal)
MGM Resorts International executive and professional poker player Bobby Baldwin is set to leave MGM.
Massachusetts’ first hotel-casino opens in downtown Springfield. The $960 million MGM Springfield has 252 rooms and 125,000-square-feet of casino. (K.M. Cannon/Las Vegas Review-Journal)
Victims of the Las Vegas shooting gathered at the Newport Beach Marriott Bayview in California on Monday, June 23, in response to two federal lawsuits filed by MGM Resorts International in an effort to avoid liability for the events of Oct. 1. (Briana Erickson/Las Vegas Review-Journal)
MGM Resorts International is planning to power Las Vegas Strip casinos using solar arrays. MGM Resorts is partnering with a Chicago-based renewable developer on a new 100-megawatt photovoltaic array set to go online in 2020, about 25 miles northeast of Las Vegas. The dedicated solar array will be capable of supplying up to 90 percent of daytime demand at the company’s 13 Las Vegas casinos. The array will consist of 336,000 solar panels capable of producing enough power for about 27,000 homes. Construction is slated to start next year, and is expected to employ about 350 people during construction . All of the electricity generated by the array will go to MGM Resorts under a 20-year agreement.
MGM Resorts International plans to raise their resort fees at some properties. The timing or size of the fee increase wasn’t given, but hinted they might soon push them up to Caesars’ level. Caesars raised resort fees at their eight Las Vegas Strip properties on Feb. 1. The rise in resort and other fees, like parking, will help offset inevitably higher labor costs, executives said. MGM spokeswoman Mary Hynes says the market “has experienced recent increases, and we subsequently anticipate making adjustments in the near future.” In January, MGM announced it would increase parking fees at 11 of its 12 Strip properties.
The Culinary union will ask Las Vegas casinos and hotels to supply guest room attendants with panic buttons amid national attention to the issue of workplace sexual harassment. The proposal is part of the union’s demands as it readies for talks for 50,000 of its 57,000 employees on a five-year contract with casinos next month, said Bethany Khan, a spokeswoman for Culinary Local 226. Panic buttons would allow guest room attendants to notify security if they are in an uncomfortable or threatening situation. The union will be renegotiating contracts with Caesars, MGM Resorts International and several downtown casinos starting in mid February.
Several Las Vegas-based operators have casinos in states likely to enact legislation to regulate sports betting, according to Eilers & Krejcik Gaming, assuming a favorable U.S. Supreme Court decision.
14 more people are seeking damages following the Oct. 1 mass shooting. The lawsuit includes people attending the Route 91 festival and at least one person working the event. According to the lawyer filing the suit, the 14 cases include a wrongful death suit and many people hurt by shrapnel or during the escape. The lawsuit was filed against MGM Resorts International, music festival organizers, and a bump stock manufacturer. One of the lawyers said even more lawsuits are likely to be filed.