In recent developments,
MGM Resorts International (MGM) has faced tough consequences for enforcement violations, with financial penalties totaling $8.5 million. MGM is also grappling with a data protection failure leading to class action lawsuits with
settlement costs reaching $45 million. The company has, however, made substantial progress, including expanding its partnership with
Marriott Bonvoy, introducing new perks for planners and attendees, and striking an agreement with Marriott International to launch W Las Vegas. Progress continues with a new dining experience in Las Vegas in partnership with
Netflix. A state-of-the-art live dealer studio for online gambling has begun operation in a Las Vegas casino. Notably, MGM is about to announce its
Quarterly Earnings. An $8.9 billion project broke ground in Osaka, marking Japan's first casino. MGM's revenue boost is expected via fee increases in Las Vegas. Despite regulatory fines, the company received praise for maintaining a 'culture of compliance'. MGM's digital revenue surged due to impending betting platform launches. Despite mixed analyst predictions, MGM's China Casino shows strong financial performance as the factor driving the company's record revenue.
Mgm Resorts International MGM News Analytics from Mon, 21 Oct 2024 07:00:00 GMT to Sat, 26 Apr 2025 19:21:59 GMT -
Rating 2
- Innovation 7
- Information 7
- Rumor -2
