Live Entertainment To Return At MGM’s Las Vegas Properties Next Month

Outside of MGM in Las Vegas

MGM is bringing back live entertainment back to Las Vegas. In a statement released on Tuesday, MGM Resorts announced the return of various live shows to some of its Las Vegas casinos.

Said George Kliavkoff, MGM Resorts President of Entertainment and Sports:

“After eight months, it’s time to bring entertainment back to the Entertainment Capital of the World. While there is still a long road in our city’s recovery, the reintroduction of these shows is an important first step. November 6 is going to feel very special as we welcome back team members and guests and bring the curtains up for that first time.”

Seven Shows To Return on November 6th

According to its website, MGM will return seven shows beginning November 6th. These shows are David Copperfield, Carrot Top, Brad Garrett’s Comedy Club, Fantasy, Jabbawockeez, The Australian Bee Gees, and Thunder From Down Under. These shows will go live at MGM Grand, Luxor, and Excalibur.

Some shows will be transferred to bigger Las Vegas casinos in order to satisfy the state’s health and safety protocols. Currently, Nevada allows a maximum audience of 250 guests, separated six feet apart from one another, and a 25 feet distance between the stage and the closest audience. As a result, the following venue changes were announced:

  • David Copperfield will return to the David Copperfield Theater at MGM Grand
  • Jabbawockeez will bring its signature moves and “Timeless” show to the MGM Grand Garden Arena
  • Brad Garrett’s Comedy Club will take to the stage in the resort’s Studio A & B Ballrooms
  • Carrot Top will perform in the Luxor Theater
  • Fantasy will perform in the Luxor Theater
  • The Australian Bee Gees will perform in the resort’s Thunderland Showroom at the Excalibur
  • Thunder From Down Under will perform in the resort’s Thunderland Showroom at the Excalibur
  • MGM’s move comes after Caesars Entertainment also announced that it will be returning three of its shows on the Strip. “X Country” is slated to return on
  • October 22nd while “Absinthe” and “Piff The Magic Dragon” will go live again at the end of this month.

Convene With Confidence Plan

MGM Resorts has formulated its own Seven Point Safety Plan and the “Convene With Confidence” Program for meetings and conventions which outline the health and safety measures that the company has put in place to protect its guests and employees. A specific “Convene With Confidence” program for entertainment and sporting events has also been developed and it will be implemented when the shows open on November 6th.

The comprehensive plan includes the health screening questionnaires, mandatory wearing of masks, social distancing, sanitation stations, regular cleaning of venues in between shows, and the encouraging of digital ticket sales and their contactless scanning to minimize touch points.

Detroit’s Casino Reopening Plans Include Smoking, Poker, and Buffet Bans

MGM Grand DetroitWhen Detroit’s three casinos finally reopen, it’s going to come alongside some big changes.

On Monday, the Michigan Gaming Control Board approved reopening guidelines that will require visitors to wear face masks, undergo a temperature check upon entering, and not smoke, play poker, or eat at the buffet.

Detroit casinos, per the guidelines, will also be limited to 15 percent maximum capacity initially.

Currently, Michigan Governor Gretchen Whitmer has yet to lift the coronavirus shutdown order that was put into place nearly three months ago, on March 16.

While casinos don’t have a definitive start date just yet, tribal casinos in the state have already reopened to the public.

Casinos in Las Vegas finally reopened last Thursday, but with Michigan’s heightened number of coronavirus cases and deaths as compared to Nevada and other states that have reopened, they’re taking the right precautions to make sure the state is in good condition to reopen casinos safely.

According to gaming board Executive Director Richard Kalm, CDC recommendations, Nevada Gaming Board guidelines, and data from the National Indian Gaming Commission was carefully considered in crafting the reopening guidelines.

Reopening Guidelines for MGM Grand, MotorCity and Greektown Casinos

The COVID-19 safety guidelines for commercial casinos in Detroit’s three casinos, MGM Grand, MotorCity, and Greektown, were developed in considering the initial reopening. It’s unsure yet how long these particular measures will be in effect, but let’s take a look into the specific protocols below.

Guest and Employee Casino Entry

Entry points into all three casinos will be reduced, with signage visibly seen upon entering reminding guests of the CDC’s guidelines for social distancing, proper handwashing, how to wear facial masks and to stay home if feeling sick.

A non-contact thermometer or thermal scanner device will record the internal temperature of every entrant, making sure that they are not above the temperature danger zone of 100.4 degrees. Anyone who exceeds the appropriate temperature will be denied access and directed otherwise.

Guests must be wearing a face mask that covers their nose and mouth in order to gain access into the casino. For patrons who need to be identified by security or other staff members, they may be asked to lower their masks to confirm identity.

Casino personnel stationed at entry points will receive additional training in how to properly identify guests who may be exhibiting signs or symptoms of COVID-19, and incident protocols.

Occupancy will be monitored and enforced to ensure that the maximum limit of 15 percent isn’t gone over.

COVID-19 Preparedness Plan

Each of Detroit’s three casinos must be in compliance with local, state, and federal COVID-19 health requirements. Recommendations are also to be strongly considered and implemented.

Employees are to receive thorough COVID-19 training, discussing symptom identification, incident protocols, and proper use and disposal of personal protective equipment.

All employees will also be required to undergo a temperature check at the start of every shift to ensure their internal temperature is below 100.4 degrees.

Signage with CDC reminders will be placed throughout back-of-house areas to remind staff on how to conduct themselves to avoid the spread of COVID-19.

Cleaning and Disinfecting

All publically-available items throughout the casinos which are regularly touched and used will be sanitized frequently. Those items include ATM machines, counters, door handles, elevator panels and buttons, restrooms, chairs, light switches, phones, kiosks, clocks, etc.

As often as available, disinfectant wipes will be placed throughout the casino to allow guests to disinfect surfaces after using them.

Enhanced cleaning protocols will be implemented throughout the front-of-house and back-of-house areas.

Slot Machines

All casinos are to schedule frequent cleanings of slot machines. To the extent available, disinfectant wipes should be made available near slot machines so players can use them to wipe down machines before use.

Casinos are to support the CDC’s social distancing guidelines by either installing plexiglass barriers between machines, removing every other chair from certain machines, or disabling certain slot machines altogether.

Table Games

In the casinos’ initial reopening, poker rooms will not be available.

All table games will be limited to three players each, with midi-baccarat games being limited to four players each, and craps games limited to six players each.

All dealers are to wear face masks or face shields when dealing with players.

Playing cards are to be replaced at the start of every shift, with casinos developing their own plans for having chips cleaned and sanitized daily.

For every new shooter, dice must be disinfected.

Those who are not playing at the table are not to congregate table games or stand behind players.

Queuing Areas

Queuing areas throughout the casino floors but be marked with floor markers to identify proper social distancing placement when in lines or other areas.

Elevator areas are to include signage requirement that no more than four people are to use an elevator at once.

Food and Beverage Service

Casino employees are to wear face masks throughout their shift and be conscious of practicing social distancing with every guest interaction, as feasibly possible, such as in the dispensation of food and drinks.

Prohibited Activities

The following activities are prohibited in the initial reopening of the casinos: Poker rooms, smoking on the casino floor, concerts, nightclubs, and all other forms of live entertainment, valet services, coat check, buffets, self-serve soda and coffee stations.

Sportsbook

Sportsbooks are to be rearranged to support social distancing among bettors. Floor marking at to be utilized in designated line areas, high-touch surfaces like tables, seats, and kiosks, must be frequently cleaned and sanitized, and ticket writers are to either wear face masks/shields and gloves or have a plexiglass barrier installed between them and sports bettors

Current COVID-19 Trends in Michigan

As of Monday, the state has reported 64,701 known cases of COVID-19 and 5,912 related deaths.

The new daily cases of COVID-19 continue to fall throughout the state, averaging 193 new daily cases currently, compared with the average of 283 daily cases over the previous five-day period.

Daily death trend is also falling, with an average of 21 deaths over the last five days, as compared with 33 days over the previous five-day stretch.

Stay Tuned

With Detroit casinos gearing up to reopen in the near future, it’s good to see that they’ve publically released their reopening safety protocols to instill some confidence in guests anxious to return.

What do you think of the restrictions? Will you be going to visit one of Detroit’s three casinos once they reopen?

Let us know in the comments below!

MGM Employee Fund Reaches $11M Thanks to Vegas Headliners

MGM Grand Resort Las VegasLas Vegas headliners are showing their generous support to the city that lets them rock out on stage on most nights.

With casino closures in full effect until April 30, and nowhere for them to play their normal sets, these headliners are still going above and beyond to help support the Vegas economy that’s been rocked the hardest during these challenging times.

Some of those headliners include David Copperfield, Jay Leno, the Jabbawockeez, Shin Lim, and Boyz II Men. According to the company, all in all, their contributions have helped the MGM Resorts’ employee fund reach an incredible $11 million.

MGM made a statement on Tuesday that acknowledged their entertainment partners aid in helping provide necessary short-term financial relief to their employees and their immediate families through the Employee Emergency Grant Fund.

“We are incredibly humbled by the support of our entertainment partners, who have come together to assist the people who, during normal times, are committed to creating incredible experiences for our guests from around the world,” said acting CEO Bill Hornbuckle.

The Generous List Of Stars Who’ve Donated

A slew of other celebrities donated to the fund and deserve a round of applause and many thanks.

Those stars include Bill Maher, Kathleen Madigan, David Spade, Brad Garrett, Carrot Top, Terry Fator, Ray Romano, Thunder from Down Under, Hans Klok, Australian Bee Gees, and Fantasy and Bill Blumenreich Presents, according to MGM.

We must also give an honorable mention to singer-songwriter Bruno Mars, who was in the midst of his Las Vegas residency at Park MGM when operations got shuttered. Alone, he donated $1 million to the fund.

The estate of late the Las Vegas businessman and philanthropist, Kirk Kerkorian, donated $2 million to the emergency fund.

How The Fund Is Being Distributed

According to MGM officials, payments from the fund will go directly to service providers. It will cover costs for employees including their mortgages, rent, utilities, and/or medical bills.

These short-term grants are aimed at helping the company’s full-time, on-call, laid-off, furloughed, or separated employees.

This fund should be a big help to those MGM employees, especially with the property being shutdown since March 18, and not expected to open back up until April 30.

MGM Gives Back During This Time of Need

While this is a challenging time for not only MGM Grand but all gaming venues in the state, MGM is still finding ways to give back.

So far, they’ve donated at least 454,000 meals through local food banks to help provide food so that those in need of it in communities across the country don’t go hungry.

The company is working with local food banks, ensuring that the fresh, available food from their resorts is being safely and quickly donated to charitable organizations in underserved areas in the community.

“We’ve also stepped up our commitment to communities around the country. Over the past week, MGM has donated the equivalent of 400,000 meals through local food banks to alleviate food insecurity in the United States,” Hornbuckle said.

Holding Onto Hope For A Brighter Tomorrow

Currently, MGM Grand’s lit-up marquee sign reads “We don’t have to be together to stand together.”

We’re happy to see this scale of community effort on the part of major casino operators and celebrities. Right now, everyone could use a little bit of help, and we’re glad to see the ways in which the city of Las Vegas has risen to the challenge, despite the blow their economy is facing.

We have no doubt that Las Vegas will come back even stronger once the dust settles.

What kind of acts of generosity or donations have you been seeing in your local community? We’d love to know. Share your stories with us below!

Post Malone Postpones Saturday Show at MGM Grand

Post Malone PerformingRapper, singer/songwriter, and record producer, Post Malone, has postponed his show at MGM Grand scheduled to take place this Saturday, according to ticketing website AXS. The show was postponed due to coronavirus concerns.

The show was close to being sold out, with only single tickets left on Friday before the announcement was made.

AXS advised ticket-holders to hold onto their tickets since they can be used for a future, to-be-determined date:

“At this time, we don’t have information on a new date. Hold onto your tickets’ there is nothing you need to do and they will still be valid for the rescheduled date.”

While the Post Malone show has been canceled, the show for American rock band 311, which is taking place across the street at Park MGM, is still on for their Friday set. That show is completed sold out.

The last time Post Malone performed in Vegas was last September, for the annual Life is Beautiful festival downtown.

Post Malone’s scheduled March 19 concert at the Chase Center in San Francisco is also being listed as “canceled or postponed — TBD,” in a statement from the venue.

Due to coronavirus concerns, a number of events at Chase Center have been affected.

“We will continue to monitor this evolving situation closely to determine next steps for future games and events. We appreciate the understanding and patience of our fans, guests, and partners during this unprecedented time,” a statement from the venue read.

Upcoming Las Vegas Concerts & Shows that Have Been Cancelled or Postponed

The Post Malone show cancelation joins a hefty list of other scheduled Las Vegas concerts and shows that have either been canceled or postponed. The trend seems to be cancellation or postponement of shows happening in either March or April, as the coronavirus outbreak news is at its peak.

Take a look at the current list of concerts and shows that have been affected:

  • Dance Gavin Dance, Brooklyn Bowl, March 13, postponed
  • Lionel Richie, Encore Theater at Wynn Las Vegas, March 13-14, postponed
  • Boyz II Men, The Mirage Theater, March 13-15, canceled
  • Bill Maher, The Mirage Theater, March 13-14, canceled
  • Il Volo, Pearl at the Palms, March 15, canceled
  • Andre Rieu, T-Mobile Arena, March 20, postponed
  • Viva Ska Vegas, Fremont Country Club, March 20-21, postponed to Sept. 11-12 (tentative)
  • Galactic, Brooklyn Bowl, March 25, canceled
  • Zac Brown Band, T-Mobile Arena, March 27, postponed
  • Bad Religion and Alkaline Trio, Brooklyn Bowl, March 27, postponed
  • Wilco, Brooklyn Bowl, April 4, postponed
  • Insomnium, Backstage Bar & Billiards, April 5, canceled
  • Diana Ross, Encore Theater, April 8, 10, 11, 15, 17 and 18, postponed
  • Viva Las Vegas, The Orleans, April 9-12, postponed to 2021
  • Ween, Brooklyn Bowl, March 19-21, postponed to Oct. 2-4
  • Baby Shark, Orleans Arena, April 2, postponed.
  • Vonda Shepard, The Smith Center, March 20-21, postponed.
  • Kansas, The Smith Center, March 21, postponed.
  • Mary Wilson, The Smith Center, March 28-29, postponed.
  • Liquid Stranger, Downtown Las Vegas Events Center, March 14, canceled.
  • Tchami, Downtown Las Vegas Events Center, March 27, canceled.
  • Reggae Rise Up, Downtown Las Vegas Events Center, April 18-19, canceled.
  • Brantley Gilbert, The Cosmopolitan of Las Vegas, March 28, postponed.
  • 5 The Bull’s All-Star Guitar Pull, The Cosmopolitan of Las Vegas, April 2, canceled.
  • Sech, The Cosmopolitan of Las Vegas, April 4, postponed.
  • Letterkenny Live, The Cosmopolitan of Las Vegas, April 18, postponed.
  • Bill Burr, The Cosmopolitan of Las Vegas, March 21, postponed.
  • Ana Gabriel, Mandalay Bay Events Center, March 21, postponed.
  • Jonas Brothers, Park MGM, April 1-18, canceled.
  • Prince Royce, Palms, March 21, postponed.

About Post Malone

Known as Pop’s new “King of Heartbreak” the 24-year-old rapper from Syracuse, New York is known for cranking out catchy pop anthem hits like “Sunflower” and “Goodbyes.” The industry is calling him the most reliable hitmaker in America right now.

Jabbawockeez Latest Production ‘Timeless’ Arrives at MGM Grand Friday

Jabbawockeez Dance CrewLast month the Jabbawockeez, an American hip-hop crew famously known for being the masked first-season winners of America’s Best New Dance Crew, celebrated an impressive 2,000 shows performed at their own theater at the MGM Grand.

This year marks another big feat for them, with it being a decade since the group has been performing on the Las Vegas Strip. Within the span of a high-performance decade for the dance crew, they’ve played between different casinos, all while continuing to improve and evolve their show and the unique choreography that goes along with it.

Jabbawockeez finished out their most recent production, “Jreamz,” last month. Jreamz featured a “dynamic mix of awe-inspiring choreography, pulse-pounding music, and stunning special effects.”

“Timeless” marks the fourth revision of the crew’s show, which debuts at the 350-seat Jabbawockeez Theater this Friday. It will feature original choreography danced to a backdrop of an ultimate pop music playlist featuring multiple genres.

“It’s been a decade since we’ve been here and it just makes sense. Why not celebrate with a brand-new show and give people new content and new music to bob their heads to?” says Phi Nguyen, one of the group’s original founding members.

About Jabbawockeez

Known for their signature white masks, precise and intricate dance moves, and identical hip-hop uniforms, the Jabbawockeez catapulted into the international spotlight after winning the first season of MTV’s “America’s Best Dance Crew,” and they’ve been on a whirlwind ever since.

The crew, who originally hails from San Diego, quickly positioned themselves as the world’s most influential dance crew. The unique “Jabbawockeez” crew name was inspired by Lewis Carroll’s poem, “Jabberwocky.”

 “A Jabberwocky is a mystical, dragon-like creature who roams the king’s forest, and that’s what the Jabbawockeez are, mystical and free,” saud Rynan Paguio, one of the crew’s founding members.

The crew also utilize their signature white mask to create unity on the stage.

“The idea of the mask is to remove all ethnic and social barriers when we perform” expressed Eddie Gutierrez, another crew member.

In total, there are 11 original members on the Jabbawockeez: Phil Tayag, Gary Kendell, Rynan Paguio, Randy Bernal, Eddie Gutierrez, Saso Jimenez, Ben Chung, Chris Gatdula and Jeff Nguyen.

Kendall, the crew’s oldest member, passed away from meningitis in 2007. And while the crew has never had a designated team leader, the credit Kendall for nurturing the overall success and style of the crew.

“The Jabbawockeez are 10 members, and one is spiritual,” Paguio said. “He was the glue that really held us together in the beginning, making sure we didn’t lose sight of this unique thing we were creating.”

Voted “Best Family Show” and “Best All Ages Show” for three years in a row, Jabbawockeez at MGM Grand is a laugh-out-loud, dance spectacle that has something for everyone to enjoy.

Other Upcoming MGM Resorts Shows

  • Pac-12 Women’s Basketball Tournament at Mandalay Bay, March 6 – 8
  • UFC 248 at T-Mobile Arena, March 7
  • KÀ by Cirque du Soleil at MGM Grand Las Vegas, Multiple dates
  • Bruno Mars at Park MGM, Multiple dates

Have you seen the Jabbawockeez perform live at the MGM Grand? Let us know what you thought and if it left you dancing out of the theater!

MGM Grand Detroit’s New President, David Tsai, Will Help Implement Sports Betting

MGM Grand Detroit in Detroit, MichiganMGM Grand Detroit announced last Friday that David Tsai has been appointment president and COO. Tsai served in the same capacity since 2018 in his most recent position at Gold Strike Casino Resort in Mississippi, which is apart of the MGM Resorts.

He was responsible for launching Gold Strike’s first sports wagering operations stats during his time with the company and will bringing his expertise to Grand Detroit.

Here’s a glimpse into some of the insight he gained through launching Mississippi’s first legalized sports betting outlet:

“We’ve created an exceptional state-of-the-art venue that brings together sports, gaming, entertainment, dining and nightlife. These continued capital investments combined with our innovative service culture and M life Rewards loyalty program make Gold Strike the region’s premier sports entertainment destination.”

Regional portfolio president for MGM Resorts International, Jorge Perez, says that Tsai is taking the reigns in Detroit at an exciting and opportune time, as legalized sports wagering has been introduced to Michigan. He believes the leadership and experienced he gained in Mississippi, being the first to market its sports betting operations, will be a great, much-needed benefit for MGM Grand Detroit and its customers.

Tsai’s 13-Year Industry Experience

Tsai first joined MGM Resorts back in 2007. He served as senior vice president of corporate strategy and analytics at CityCenter/ARIA. He then served as senior vice president and CFO for Monte Carlos in Las Vegas. One of his biggest undertakings while at Monte Carlo was preparing the property for their successful transformation to Park MGM and NoMad.

During Tsai’s time as CFO for Monte Carlo, he invested a lot of the money in bringing local desert shrubbery, trees and plants for the communal space that leads into the T-Mobile Arena, saying that a lot of time and effort was spent making sure the landscape and paving was designed to be unique and comfortable.

Shifting gears forward to his latest role, Tsai says, “MGM Grand Detroit is the casino of choice in the region because of its outstanding team and their commitment not only to customers but to the community.” He continues:

“At a time of unprecedented change and opportunity for Michigan with the passage of sports betting, I am honored to be joining MGM Grand Detroit and look forward to continuing to bring our customers exceptional entertainment offerings and service, and working with the community.”

Tsai has an MBA degree from Stanford University, where he also completed his undergraduate studies.

How MGM Grand Detroit is Preparing for Legalized Sports Betting

Back in October, MGM Grand Detroit opened up their $6 million sports bar, Moneyline, as the perfect placeholder until sports betting becomes officially legalized in the state.

As of now, it serves as a fully-functioning sports bar, complete with 60 televisions, a capacity of 280 and three sections of VIP seating. It also features couches and high-top seating, and personalized game sound. It is 21-and-older, and is smoke-free, with business hours currently from 11:30 a.m. to 1:30 a.m.

Located off the front entrance to the casino near the hotel lobby, it’s in a prime spot to becoming a major attraction with legalized sports betting.

 

The Mandalay Bay Sale is Important For Several Reasons

Last week, news broke that MGM Resorts International had agreed to sell the MGM Grand and Mandalay Bay Casino-Resort. It wasn’t entirely surprising, as the company has been involved in several major sales over the past few months. The Mandalay Bay sale comes at an interesting time, though.

Mandalay Bay Las Vegas Casino Logo

A little over two years ago, this popular hotel-casino was the sight of the worst mass shooting in US history. Fortunately, the venue is moving past this tragedy. Today, we’re going to look at why exactly MGM Resorts decided to put this property up for sale.

Let’s get into it!

MGM Resorts Continues to Sell Major Las Vegas Properties

A decade ago, it was fairly uncommon for major US casino operators to sell any properties on the Las Vegas Strip. This area is home to many of the most lucrative gambling venues in the world and not many companies are willing to put them for sale. In recent years, however, these sales are becoming much more common.

This is especially true with MGM Resorts International. The Las Vegas-based casino company has sold some of its biggest venues over the past several months. It’s an interesting trend that other companies are taking notice of.

In October of 2019, MGM officially sold The Bellagio to the Blackstone Group for an astounding $4.2 billion. It was the largest sale in Las Vegas casino history. MGM Resorts is now leasing the property back for $245 million per year.

The company also sold Circus Circus, one of its worst-performing venues in Las Vegas. It went to Phil Ruffin, who plans to renovate the old hotel-casino. As we’ve already mentioned, MGM Resorts recently announced that several more venues are being let go.

Both Mandalay Bay and MGM Grand are being sold. Rumors have circulated over the sale of these venues for months.

Many are happy that the Mandalay Bay sale is officially taking place. It comes a little over two years since the horrific shooting that took place from inside this venue. It appears that things are finally back to normal at this southern-strip property.

The Mandalay Bay Sale is Officially Moving Forward

For MGM Resorts International, Mandalay Bay is one of the most important properties in Las Vegas. Since opening in 1999, its been a serious money-maker for the company. In the wake of the 2017 shooting, however, business slowed down considerably here.

MGM Resorts chose not to change the name of this venue. They worked to move through this tragedy, rather than around it. This proved to be a smart decision. Before long, it was once again one of the most profitable casino-resorts on the Las Vegas Strip.

Officials within the company now feel it’s the perfect time to sell this venue. That doesn’t mean they’re saying goodbye forever, though. The Mandalay Bay sale is similar to the Bellagio sale in that it will be leased back over the next few years.

MGM Resorts and the Blackstone Group have formed a new joint venture to control these venues. MGM will hold 50.1% of the venture. The Blackstone Group holds the other 49.9%.

Not everyone is rejoicing at this new sale-heavy approach from MGM Resorts. Some feel that it’s not fair to the company’s employees, many of whom have been let go. Is there some validity to these complaints?

Are More MGM Sales On the Horizon?

At this point, anything is possible. MGM Resorts has already sold some of its most profitable venues. It all comes as part of their new cost-cutting strategy. The money they’re earning from these sales is also going towards investments overseas.

In 2018, officials in Japan officially legalized casino gambling. Soon, three major casino-resorts will begin operating in this country. Unsurprisingly, all of the top US casino companies are pushing to obtain a Japanese casino license.

MGM Resorts wants to ensure that they have the necessary capital on hand to construct a new integrated resort in Japan. The Mandalay Bay sale will certainly help with this. The property is being valued at more than $2 billion.

It’s certainly that officials in MGM Resorts decide to sell more venues. The strategy of leasing these properties back is working well. Exactly which casinos may be sold is still unknown.

Mandalay Bay has gone through a lot over the past few years. Fortunately, the future looks bright for this casino-resort.

Stay tuned for more Las Vegas casino news over the next few months!

What Properties is MGM Resorts Selling in Las Vegas?

MGM Resorts International is one of several US casino companies that’s interested in selling property in Las Vegas. It’s a new strategy that many companies are taking in order to invest more money in different US cities and abroad. For now, MGM Resorts selling some of its major properties makes sense.MGM Resorts Logo

This week, the two properties that MGM is interested in selling were revealed. Today, we’re going to look at which hotel-casinos could be sold and how this will affect the company’s future plans.

Let’s get into it!

MGM Resorts International Sells Bellagio and Circus Circus

Las Vegas is home to the country’s biggest and best hotel-casinos. Interestingly, several companies own a huge number of gambling venues here. MGM Resorts International, for example, owns more of these hotel-casinos than any other company.

MGM Resorts is one of the most profitable casino companies in the world. Recently, it’s begun looking at new ways to invest in properties overseas. In order to achieve this goal, MGM has begun selling some of its major Las Vegas properties. Just last month, two popular hotel-casinos here were officially let go.

First, MGM Resorts sold Circus Circus. The property was purchased by Phil Ruffin, who already owns Treasure Island on the Las Vegas Strip. Circus Circus was sold for $825 million.

Just days after, news broke of MGM Resorts selling The Bellagio Hotel & Casino. This legendary casino-resort was sold to the Blackstone Group for an astounding $4.2 billion. MGM is now leasing the property back for a rent of $245 per year.

This company is prepared to keep these property sales up. Officials have confirmed that two other venues could soon be sold.

Is MGM Resorts Selling Too Many Properties?

MGM Resorts is making it clear that they are willing to give up their most profitable casinos. The Bellagio is considered to be one of the most popular and lucrative casino-resorts in the country. It now appears that two additional properties in Las Vegas will soon be sold.

The Las Vegas Review-Journal is covering the news of MGM Resorts selling these venues. The company is interested in selling the MGM Grand and Mandalay Bay Hotel & Casino. These venues could be purchased by MGM Growth, a major real estate investment trust.

MGM Growth departed from MGM Resorts International more than three years ago. Now, officials are discussing plans for MGM Growth to acquire the real estate assets of both MGM Grand and Mandalay Bay.

It’s one of the biggest deals in MGM Growth’s history. The company is now planning to sell more than 24 million shares to fund this new deal with MGM Resorts.

Based on the new reports, MGM Grand will be purchased by MGM Growth and then leased-back to MGM Resorts. It’s a similar deal made with the Blackstone Group.

Eldorado Resorts Prepares for Las Vegas Casino Sales, As Well

As we mentioned earlier, several companies have recently begun selling property in Las Vegas. Eldorado Resorts is nearly finished with its acquisition of Caesars Entertainment. It’s likely that immediately afterward, this company will choose to sell some of its venues.

It cost $17.3 billion for Eldorado Resorts to purchase Caesars Entertainment. Property sales are necessary to help make up for this cost. Exactly which venues will be sold is still unknown.

Shareholders within Caesars Entertainment have just recently approved the merger with Eldorado Resorts. It’s now awaiting regulatory approval.

Eldorado Resorts and MGM Resorts selling property in Las Vegas is reasonable. Both companies want to begin investing more in operations overseas.

Stay tuned for more Las Vegas casino news over the next few months!

The Las Vegas MGM Grand Could Soon Go for Sale

Not long ago, two of the most popular hotel-casinos on the Las Vegas Strip went for sale. Now, reports are surfacing that more of MGM Resorts’ Las Vegas could be put up for sale. Amazing, the Las Vegas MGM Grand could soon go for sale.

Las Vegas MGM Grand

This hotel has long been considered MGM Resorts’ flagship property. For many, it’s a surprise to hear that this venue could potentially be sold. Let’s look at why exactly this company is selling so many of its hotel-casinos.

MGM Resorts Recently Sells Circus Circus and Bellagio

MGM Resorts owns more hotel-casinos in Las Vegas than any other company. Recently, officials within MGM revealed plans to sell some of the company’s biggest properties. Before long, the company did exactly that.

News quickly broke that MGM had sold Circus Circus to Phil Ruffin, owner of the Treasure Island Hotel & Casino. Ruffin purchased the property for $825 million. It’s still unclear exactly what plans Ruffin has for this popular venue.

Amazingly, MGM Resorts also sold the Bellagio Hotel & Casino in October. The Bellagio is widely considered to be one of the best casino-resorts in the world. The Blackstone Group purchased this venue for an astounding $4.2 billion, the biggest hotel-casino purchase in Las Vegas history.

This is all a part of MGM’s “asset-light” strategy. Essentially, the company wants to sell properties in order to help grow the company. The money earned is used to help expand the company in the US and abroad.

Now, reports are surfacing that one of MGM Resorts’ flagship venues could soon go for sale.

Las Vegas MGM Grand Could Soon be Sold

In a conference call, CEO of MGM Resorts Jim Murren commented on the company’s new property selling strategy. Murren confirmed that the company is interested in selling the Las Vegas MGM Grand. This is all a part of the company’s strategy to “unlock” the value from different properties.

Murren claims that MGM Resorts is currently in the process of “monetizing the real estate” of the Las Vegas MGM Grand. More details of this deal are scheduled to come out over the next few months.

The MGM Grand is one of the most popular gambling venues in Las Vegas. It opened in 1993 and quickly rose to become a hotbed of the city. It features a casino floor larger than 170,000 square feet.

This property also holds a massive entertainment area. The MGM Grand Garden Arena has hosted many of the biggest sporting events in the world. A number of major combat sporting events have been hosted here.

It’s unclear how much the MGM Grand will be sold for. It will likely earn MGM resorts billions.

According to Jim Murren, even more sales are currently being discussed.

More MGM Property Sales Are On the Horizon

MGM isn’t the only company prepared to sell some of its major properties. Eldorado Resorts, which is scheduled to merge with Caesars Entertainment, is also currently in the process of selling some of its major Las Vegas venues.

MGM Resorts, however, is selling more properties than any other company. According to new reports, this company is preparing to sell several other properties including the Aria, Vdara, and MGM Springfield in Massachusetts.

Selling the MGM Springfield property isn’t entirely expected. This hotel-casino has struggled to generate revenue for many months. Much of this is due to the success of the recently-opened Encore Boston Harbor, which has captured much of the Massachusetts gambling market.

Jim Murren claims these sales will help the company break into the Japanese casino market. MGM is one of the biggest US casino companies working to obtain a Japanese casino license. The additional revenue earned from property sales may go towards an integrated resort in this country.

We’ll need to wait and see who purchases the Las Vegas MGM Grand and for how much money. Stay tuned for more updates over the next few months!