The Reopening of Park MGM is Almost Here!

It’s been more than three months since Governor Sisolak began allowing casinos in Nevada to reopen. Nearly all of the major casino-resorts in the city of Las Vegas are now operational. News is now coming out that the reopening of Park MGM is taking place next month.

Park MGM Las Vegas Casino Logo

Park MGM is one of the newest hotel-casinos to open on the Las Vegas Strip. Many are excited to see this property up and running again. Today, we’re going to talk about what has led to this casino finally getting back on track.

Let’s get into it!

How is Casino Revenue Looking in Nevada Right Now?

The past six months have been the most unusual in the history of the casino industry. As most are aware of, all major casinos across the United States were forced to close their doors back in March. Most are now open, yet revenue earnings fluctuate from state to state.

Over in New Jersey, revenue earnings have been low. Casinos here weren’t able to open back up until July. Even with regulated sports betting and online casinos, gambling revenue has been significantly lower here than it was in 2019.

Things are different in Ohio. This state also started to allow its gambling venues to reopen in July. Analysts were torn on whether or not the casinos here would become successful after reopening. Incredibly, Ohio’s gaming revenue actually hit record levels in July.

Nevada’s casino revenue has been the center of major discussion over the past couple of months. Casinos were given permission to reopen here in June. As the months go on, revenue seems to be increasing here. Unfortunately, tourism rates remain low in major gambling cities such as Las Vegas.

Casino companies are certainly feeling the effects of this drop in tourism. Interestingly, most major casino-resorts are now open in Las Vegas. Only one of the big casinos on the Strip has remained closed. We’re now starting to hear about when this property will reopen.

The Reopening of Park MGM is Taking Place in October!

Las Vegas is filled with historic gaming properties. Many of them are located on the Las Vegas Strip. Back in 1996, The Monte Carlo Resort and Casino opened its doors on the Strip and for a time, was a major success. The property went through several renovations over the years and rumors of its rebranding began to surface around 2016.

These rumors ended up being true. In 2018, the Monte Carlo officially became Park MGM, named after the nearby dining and entertainment area. The property was improved and visitation rates here quickly started to increase.

Like all other casinos, Park MGM was closed back in March. Unlike many other casinos, however, this venue has remained closed over the past few months. Fans of this casino have been asking when it would finally begin accepting guests again.

An update on the reopening of Park MGM has just come out. MGM Resorts sent out a press release that claims this venue will open its doors sometime in October.

“With the reopening of Empire City on Monday, September 21st, MGM Resorts will have reopened all of its domestic properties, with the exception of Park MGM and Four Seasons in Las Vegas, following temporary closure earlier this year amidst the COVID-19 crisis,” the statement reads. “Park MGM is expected to reopen within the next 30-45 days.”

It’s exciting news for gambling fans around the country. Park MGM has developed a huge fan base over the years. Many are also excited to see that all major casino-resorts are now open on the Las Vegas Strip.

We’ll be sure to report on any more updates over the next few weeks!

Will MGM Sell Any of Its Las Vegas Casinos?

As we mentioned earlier, the land-based casino industry has been taking a serious hit this year. That’s especially true in Nevada. Some of the largest casino companies in the state are now being forced to take new measures to generate revenue.

One of those measures include casino closures and sales. Caesars Entertainment recently sold one of its major casinos in Louisiana. It’s one of many casino sales the company has already made this year.

Station Casinos has opened all but four of its casinos in Nevada. Unfortunately, it appears the four casinos that haven’t reopened will never open to the public again. Company officials recently confirmed these rumors to the media.

Some are now asking whether or not MGM Resorts will be forced to sell some of its casinos. This company was one of the first to reopen its casino-resorts in Las Vegas. With revenue earnings still fairly low, some feel that selling casinos could be the best strategy moving forward.

There is still no indication that MGM plans to sell any of its major casinos, though. Officials within the company are instead focused on other ways to cut down on costs.

Are you happy to hear about the reopening of Park MGM? Do you plan on visiting Las Vegas before the end of the year? Let us know in the comments section below!

MGM Resorts is Concerned About Entering Japan’s Casino Industry

In 2018, Japan lawmakers shocked the world by legalizing casino gambling. It was a huge step forward for this country that had previously banned virtually all forms of gambling. Unfortunately, companies like MGM Resorts International are now wary of breaking into Japan’s casino industry.MGM Resorts International Logo

Casinos around the world are being devastated right now. Japan’s leaders are now struggling to find companies willing to operate a casino in their country. Today, we’re going to discuss why this process has been so difficult.

Let’s get into it!

Japan is Still Struggling to Finalize Casino Plans

The news of Japan’s decision to legalize casinos spread like wildfire. This country is home to a huge number of passionate gamblers. Unfortunately, no legitimate casinos have been able to operate here. Casino companies immediately saw the potential in this new market.

Japan eventually revealed that three casino-resorts would be allowed to open in the city. Different city officials quickly began preparing plans to host one of these new casinos. Residents around Japan seemed torn on whether or not these new gaming venues would benefit the country.

In 2018, analysts predicted that Japan would grow to become the third-largest casino market in the world. Obviously, casino companies began jumping at the opportunity to operate here. Las Vegas Sands, MGM Resorts International, and Wynn Resorts all expressed a desire to run one of the country’s three casinos. MGM planned to enter into Osaka, a city that’s been pushing hard to host one of these properties.

Unfortunately, Japan has struggled to get the licensing process finished. There seem to be several issues getting this industry moving. As of now, it’s still unclear where exactly the different casinos will be located.

Things have been made worse by the global pandemic. Casinos around the world have been forced to close down permanently. Many of the ones now open have seen their revenue earnings drop immensely.

It now appears another major casino company is dropping out of the race to enter this new market.

MGM Resorts International No Longer Seems Interested in Breaking Into Japan’s Casino Industry

It’s been incredible to watch how quickly Japan’s plans to revitalize its gambling industry have fallen apart. For several reasons, this no longer appears to be a strong location to open a casino-resort. That is the general consensus among major casino companies.

Over the past few months, Las Vegas Sands and Wynn Resorts have both decided to stay away from Japan. MGM Resorts International appeared to be one of the only major US companies interested in a casino license here. That may no longer be the case, though.

MGM Resorts is now slowly backtracking on its move into Japan. News is beginning to surface that the company only wants a minority stake in the Osaka casino. President and CEO Bill Hornbuckle spoke about this move to the media this week.

“[MGM will] only make this investment if we think it’s going to be prudent, if we think it’s going to pay the kind of returns that it needs to pay and to meet our expectation,” he said. 

MGM recognizes that public opposition to the casino plans has intensified over the past year. To make things worse, Prime Minister Shinzo Abe recently announced his resignation. The country’s next leader may have different plans for Japan’s casino industry.

Experts are questioning whether or not it makes sense for Japan to welcome casinos right now. The country is still working hard to come up with plans for the 2021 Olympic Games. It may be best to put the casino plans on hold, for now.

Concerns About 2021 Olympic Games Linger in Japan

As most are aware, Japan was originally scheduled to host the 2020 Summer Olympic Games. The country had invested a huge amount of money into this event. In March, members of the IOC and Japan’s government were forced to announce the postponement of this global sporting event.

Event organizers then announced it would be pushed back to summer of 2021. Hope is that the global pandemic will be under control by then. Much of the country remains skeptical this will be the case.

Infection rates continue to increase around the world. Europe is beginning to enter into a second wave of infections. Japan continues to enter in lockdowns each time major virus clusters are spotted.

Some officials here are pushing to host the event next summer. Others point to the massive economic cost of doing so and feel it’s now better to simply cancel the event entirely. This entire situation is taking a toll on other industries, including Japan’s casino industry still struggling to come together.

There’s no telling how things will look by next summer. As of now, the likelihood of Japan hosting the Olympics in 2021 appears to be slimming. We’ll continue offering updates on this situation over the next few months.

Are you surprised to see more companies setting their plans to break into Japan aside? Let us know in the comments section below!

The Culinary Union’s Lawsuit Against MGM is Being Dropped

Most of the casinos in Las Vegas began operating again in June. Since that time, several union groups have complained that conditions are not safe enough for workers inside the gambling venues. This week, however, the Culinary Union’s lawsuit against MGM was dropped.MGM Resorts International Logo

Officials within MGM Resorts International have to be pleased with this decision. Now, the major hotel-casino operator needs to negotiate with the union to ensure things are safe moving forward. Now is the perfect time to look at what to expect for the future of Las Vegas’ casino industry.

Cases of Covid-19 Are Increasing in Clark County

As everyone is aware of, the novel coronavirus that first emerged in the US early this year continues to spread around the country. Cases of Covid-19 are increasing and no one seems to have an answer. Las Vegas began to reopen in June and, unsurprisingly, there’s been a steady increase of coronavirus cases here ever since.

Leaders of this city didn’t have many options. Keeping the casinos closed was devastating to the local economy. A huge number of individuals in Las Vegas are tied to these gambling venues in one way or another.

Unfortunately, many feel that things are not safe enough for the casino workers in this city. There have been reports that infection rates amongst casino workers are not even being accounted for. We do know that many of these employees have tested positive.

A recent report claims that 22 members of the Nevada Culinary Union, or their immediate family members, have died from complications from the virus. It’s unclear how many patrons inside the casinos here have been exposed. Obviously, this situation is a cause for concern.

Casinos have remained open, yet many are starting to implement more strict safety measures. Smoking at table games, for example, was just recently banned.

This week, news surfaced that the Culinary Union is dropping its major lawsuit against MGM Resorts International.

Here’s an Update on the Culinary Union’s Lawsuit Against MGM

Casino companies are trying hard to bring in players right now. As cases of Covid-19 increase, this is becoming increasingly difficult. Not long ago, the Nevada Culinary Union officially filed a lawsuit against MGM Resorts International due to their lack of safety measures for casino workers.

This week, news surfaced that the Culinary Union’s lawsuit against MGM is being dropped. Back in June, this union filed a lawsuit against the Signature at MGM Grand and Sadelle’s Cafe in The Bellagio. After weeks of discussion, the Culinary Union has announced it’s moving to dismiss the lawsuits.

Geoconda Argüello-Kline, Secretary-Treasurer for the Culinary Union, gave a statement to the media about the situation this week.

“This arbitration is a first step and the Culinary Union will continue to negotiate aggressively and take any other steps necessary to ensure workers and their families are protected from the spread of COVID-19 in the workplace,” Argüello-Kline said. 

Interestingly, Culinary Union 226’s lawsuits against a restaurant inside Harrah’s remain on-going. It seems the union has not come to any kind of agreement with the owners of this venue.

It’s still not clear exactly what MGM Resorts and this union have agreed to. We’ll continue offering updates on the situation over the next few weeks.

Safety Remains an Issue for All US Casinos

Las Vegas isn’t the only city that’s struggling to revitalize its casino industry. It’s obviously important to get the casinos here operational again. Doing so while protecting the public is proving much harder than some predicted.

Atlantic City is also struggling with this issue. Casinos here have been open for the past few weeks. Due to the rise of cases in nearby states and intense safety measures set inside the casinos themselves, this city is finding it difficult to bring in players.

We haven’t heard of any lawsuits being made against the owners of the casinos here. For now, most seem to feel that these companies are working hard to make things safe. If a spike in cases is seen, however, it wouldn’t be a surprise to see a civil suit made.

This is likely the toughest situation that casino companies have ever found themselves in. Not even the country’s top health experts can accurately say how things will look in six months. More casinos are now focusing on their online operations.

It’s interesting to hear that the Culinary Union’s lawsuit against MGM is being dropped. We’ll continue offering updates on this situation over the next few weeks.

How do you expect the US casino industry to look in 2021? Let us know in the comments section below!

The Opening Date of the Excalibur Has Just Been Revealed

Some of the most impressive hotel-casinos in the world are located directly on the Las Vegas Strip. There are still some fantastic budget options for visitors looking to stay for cheap. On that note, the opening date of the Excalibur has just been announced.Excalibur Hotel Casino

This hotel-casino is one of the least-expensive ones on the Strip. It’s not the flashiest venue in the city, yet it offers guests everything they need for a great vacation. Today, we’re going to look at what this property will look like once it opens back up.

Let’s get into it!

The Excalibur Hotel-Casino Remains One of the Most Popular Venues in Las Vegas

By looking at it, you might think that the Excalibur was built back in the 1960s. Many are surprised to find that this massive hotel-casino actually opened to the public in 1990. That makes it fairly new when compared to some of the other properties in this city.

The Excalibur has always been a popular choice for visitors looking to save some money on their Vegas trip. It’s not particularly flashy. In fact, many reviews made in recent years criticize this venue for its lack of renovations.

There’s some validity to these statements. Unlike many of the other properties here, The Excalibur has gone through very few major renovations over the years. It’s one of MGM Resorts’ lowest-earning venues and it seems they are uninterested in doing a major overhaul here.

Back in March, this venue was forced to close its doors to the public. It was disappointing news for many visitors here. This wasn’t unique to the Excalibur, though. Every hotel-casino in the city closed its doors in March.

Several of the biggest properties on the Las Vegas Strip finally reopened on June 4th. Unsurprisingly, this brought a huge surge of tourists into the city. New reports indicate the Excalibur will open its doors in just a few days.

Here’s An Update On the Opening Date of the Excalibur!

Officials in Las Vegas are doing everything they can to get the city back to normal. For months, tourism here was at an all-time low. Gambling revenue was almost non-existent and a huge number of residents here were left without work.

Tourism is starting to increase here once again. As we just mentioned, many venues here including The Bellagio, New York-New York, and The Venetian opened their doors on June 4th. Most visitors claimed they enjoyed their trip, despite some of the new safety measures set in place here.

According to new reports, the opening date of the Excalibur is June 11th. Bill Hornbuckle, President and CEO of MGM Resorts, spoke about this situation to the media this week.

“We are very pleased by the enthusiasm we are seeing from guests ready to come back to Las Vegas,” he said. “As business demand increases, we are able to open additional properties and bring more of our employees back to work.”

Many of the same measures set in the already-opened Las Vegas hotel-casinos will be set in The Excalibur. Company officials want to ensure that things are as safe as possible here. Reservations can already be made.

Soon, most states in the country will allow their casinos to reopen.

Atlantic City Casinos Expected to Open By July 4th

It’s been great seeing Las Vegas return to normal. This city relies on its tourism and gambling revenue and finally, these are starting to increase again. Many are now looking at Atlantic City, one of the other top gambling destinations in the country.

New Jersey Governor Phil Murphy recently spoke to the media about reopening the state’s casino industry. He seems to recognize how important this is. Murphy recently announced that Atlantic City casinos should be allowed to reopen by July 4th.

It’s great news for the state. New Jersey was one of the worst-affected states in the country from the new coronavirus. Fortunately, infection rates have been on the decline here for the past few weeks.

Just a few days ago, reports came out about what these venues will look like once they reopen. Social distancing measures will be set in place here. Some of the same things found in Las Vegas casinos such as plexiglass separators at table games will be set here.

The entire US casino industry is slowly getting back on track. Many states are starting to allow their gambling venues to open back up. Make sure to stay tuned for updates on how things go in Las Vegas over the next few weeks.

Are you excited to hear about the opening date of the Excalibur? Do you plan on staying in this venue? Let us know in the comments section below!

Sisolak Approves LV Casinos to Open on June 4th

Las Vegas is just a little over a week from getting back to some sense of normalcy. Earlier this week, Nevada Governor Steve Sisolak approved plans to reopen many of the state’s major casinos. The current plan is for LV casinos to open on June 4th.

Governor Sisolak

Just about everyone in Nevada is anxious to see these gambling venues reopen. As most know, they provide a huge amount of money and jobs to the state. Today, we’re going to discuss which venues plan to reopen, and what this means for Nevada’s economy.

Let’s get into it!

Reopening the Casinos in Nevada Hasn’t Been Easy

Every state in the country has been economically affected by the new coronavirus spreading around the world. Some, obviously, are being hit harder than others. There are some that feel Nevada is being the worst-affected in terms of direct money and job loss.

Casinos in this state were forced to close down back in March. This instantly left hundreds of thousands of individuals without work. Many of the casino companies here also began losing millions of dollars each week.

Nevada’s tourism industry immediately came to a halt. That proved to be devastating for many of the restaurants in this city that rely on outside visitors. It’s easy to see how so many businesses started to suffer due to the shutdown of major casino-resorts.

Carolyn Goodman, the mayor of Las Vegas, controversially called for the city to start opening up weeks ago. Governor Sisolak didn’t budge, and continued to tell the media it was too early. Residents around the city eagerly awaited news on what was to come.

Now, it appears state officials feel things are safe enough to finally open back up. Many of the biggest casino-resorts are expected to open their doors next week. Here’s what we know about this situation.

Governor Sisolak Gives Green Light For LV Casinos to Open

Forcing all of the casinos in Las Vegas to close was completely unprecedented. Never before has this taken place in this city. It’s likely that most felt doing so would be impossible. For the past couple of months, the focus has been on getting back to normal.

Governor Sisolak has been cautious in allowing the state’s casinos to start accepting guests again. That’s perfectly understandable, as these venues are easy places for a contagious respiratory virus to spread. Sisolak seems content with the safety measures set in place and has given the green light for LV casinos to open their doors on June 4th.

Josh Swissman, one of the founders of The Strategy Organization, believes that opening back up will be a learning process for many of the casino companies here.

“Once their doors re-open on the 4th, operators are going to learn so much from those critical first few hours and days,” he said. “There will undoubtedly be tweaks and fine-tuning made to their re-opening procedures as a result of what they will see. Marketers should be watching visitation volume and guest behavior closely, and should look to pivot quickly if changes to their marketing plans need to be made.”

Not all of the casinos in Las Vegas are going to open back up at once. It will be a slow process and companies will look to slowly figure out what works and what doesn’t. The important thing will be to encourage social distancing on the casino floor.

Which Las Vegas Casinos Will Open Up Next Month?

The casino industry in Las Vegas is the biggest in the country. More than 40 million people flock to this city every year to enjoy the entertainment and gambling options available. With Sisolak’s approval for LV casinos to open next month, many of the major casino companies are gearing up to start accepting guests.

Caesars Palace and The Flamingo are scheduled to be the first casino-resorts to reopen. These venues will be accepting guests starting on June 4th. These venues will offer free parking and plan to open many of their restaurants, pools, and casino options.

MGM Resorts International claims that New York-New York and The Bellagio will be their first properties to reopen. A specific opening date for these venues has not been officially revealed.

Wynn Resorts has just recently announced that both of its Las Vegas properties will reopen to the public on June 4th.

“We are ready to provide our guests with a full Las Vegas experience with a collection of luxury amenities and unmatched service,” Wynn Resorts CEO Matt Maddox told the media. “The entire Wynn team is looking forward to welcoming our guests back.”

If all goes according to plan, all of the casinos in Nevada will start accepting guests next month. Hope is that enough tourists begin flocking to Las Vegas to keep these properties profitable.

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

Is Now the Perfect Time to Make Las Vegas Travel Plans?

For the past two months, tourism into Las Vegas has been almost non-existent. As time goes on and casinos begin opening back up, many expect visitors to start flocking to this city. This week, several experts revealed that now might be the perfect time to make Las Vegas travel plans.Welcome Sign In Las Vegas

Prices in this city are expected to drop considerably. It may be the most affordable time to visit in recent memory. Today, we’re going to discuss what deals may become available over the next few months.

Let’s get into it!

Gambling Revenue in Las Vegas Continues to Fall

Just a few months ago, the idea of shutting down Las Vegas was incomprehensible. This city draws more than 40 million visitors every single year and generates an incredible amount of money for the state of Nevada. The gambling industry in Las Vegas alone employs hundreds of thousands of people.

In March, Governor Steve Sisolak announced that all non-essential businesses were being forced to close down. That includes casinos. It was an important decision, as rates of Covid-19 were beginning to appear in Clark County.

Closing down the casinos is having some major consequences, though. As we just mentioned, many people are directly employed by these casino companies. Nevada’s gambling industry is also responsible for drawing in tourism.

Revenue in Las Vegas has plummeted over the past two months. In March, revenue in the state fell by 39.6%. Things were even worse on the Las Vegas Strip, where revenue fell by an incredible 45.7%.

All experts feel that revenue in April will be considerably lower than it was in March. Casinos in the state were closed down for that entire month. Many state leaders recognize that things need to change if Las Vegas wants to survive as a city.

Fortunately, it appears that casinos may be preparing to reopen. Many now believe that this is the perfect time to start booking your travel to Sin City.

Experts Feel Now is the Time to Make Las Vegas Travel Plans

Things are still far from being normal in Las Vegas. Based on the way things are moving, though, it seems that many businesses will be allowed to open here in June. It’s for that reason that some are advising people to start booking their travel.

Earlier this week, Allegiant Airlines started offering up to 25% off their routes. Several of the top casino companies in the city also began offering major deals last month. Some experts believe more of these deals will start to emerge as summer draws closer.

Gabe Saglie spoke to the Las Vegas Review-Journal this week and claims Las Vegas will be very cheap to visit this summer.

“Post-COVID travel, I think, will be pretty inexpensive because of this desire to incentivize travelers to hit the road,” he said. “We’ll see some great rates at hotels; we’ll see airfare sales. You’re seeing an amazing amount of hotel prices well under $100 or $50 a night. The industry is just now starting to put ad dollars behind promoting this stuff. … I think you’ll see a more concentrated push (in the weeks to come), and those deals will become much more visible.”

That has to be exciting news for some people around the country. Not long ago, several analysts predicted that tourism would start to surge in this city once casinos reopen. That seems more likely if prices become more affordable.

Many feel that casinos are just a few weeks away from opening to the public. Here’s what we know about this situation.

Casinos in Las Vegas May Reopen in June

Just about everyone wants to see casinos reopened in Las Vegas. Most people also recognize that these venues are easy places for the coronavirus to spread. Officials around Nevada are doing everything they can to get casinos up and running in the safest way possible.

Not long ago, Nevada’s Gaming Commission approved a set of guidelines to safely reopen casinos. There are many measures being set in place to avoid major infection surges. That includes hand sanitizing stations on the casino floor, social distancing measures, and requiring face masks.

It’s beginning to look more likely that casinos will be allowed to reopen their doors in June. Several of the top casino operators in Las Vegas are preparing to open some of their casinos. MGM Resorts claims it will most likely open the New York-New York Hotel & Casino, and The Bellagio Casino-Resort first.

Of course, everything depends on Nevada’s fight against Covid-19. If a massive spike in cases is recorded here, things will be delayed. In the meantime, some of the country’s top travel experts are advising that people begin to make Las Vegas travel plans. Things may be cheaper now than ever before.

Next month will tell a lot about the future of this city. There’s a chance we’ll see tourism here start to boom again. This will be a welcome relief for many workers here.

Are you planning to make Las Vegas travel plans anytime soon? Let us know in the comments section below!

MGM Resorts Delays Move into Japan Due to Coronavirus

In 2018, lawmakers in Japan officially approved a bill to allow three casino-resorts to open in the country. As a result, almost all major casino companies in the United States are trying to break into the Japanese casino industry. According to new reports, MGM Resorts is now delaying its move into the city of Osaka.MGM Resorts Logo

It’s been a long road to start building casinos in this country. With the spread of Covid-19, things have gotten even worse. Today, we’re going to look at why exactly MGM is choosing to stay out of Japan right now.

Let’s get into it!

Japan Continues to Work On Casino Regulations

For many years, Japan had very strict gambling laws set in place that prohibited all casinos. In fact, the laws here banned almost all traditional forms of gambling. In mid-2018, things took a major turn in this country.

That year, lawmakers in Japan decided to legalize casino-resorts. The government announced it would allow three gambling venues to start operating in three different cities. As of now, it looks like Tokyo, Osaka, and Yokohama are the most-likely cities to open casinos.

It was unclear when the first gambling venue would open in Japan. Lawmakers in the country wanted to ensure that issues like gambling addiction and crime were avoided. Since passing the bill, government officials have been working to come up with specific regulations for the country’s casino industry.

Back in December, news broke that Japan was studying the Las Vegas casino model for guidance. It makes sense, as Las Vegas is home to many of the biggest and most successful casinos in the world. This process is still taking place.

Most analysts predict that it will be years before the first casino-resort in the city opens up. Due to the spread of Covid-19, things may be pushed back even further. It now appears that one of the biggest casino companies in the US is postponing its move into the country.

MGM Resorts Offers New Timetable for Osaka Casino

MGM Resorts International is one of the largest casino companies in the world. It operates several major casino-resorts in Las Vegas and has been pushing hard to gain a casino license in Japan. This company has not been granted an official license to run a casino-resort in Osaka yet almost all experts agree that it will eventually be granted the license.

Unfortunately, it may take longer to open a gambling venue in this city than initially expected. City officials have scrapped plans to open the casino-resort by 2025. Now, it appears that MGM plans to build a casino here in 2026.

Ed Bowers, CEO of MGM Resorts Japan LLC, claims that the spread of Covid-19 is not affecting plans to open a casino in Osaka.

“MGM will continue to proceed with our efforts to create a proposal that will be appreciated by the entire Osaka community, taking into account the schedule announced by the government,” he said.

The new coronavirus is already taking a massive toll on the land-based casino industry around the world. In the US, all casinos are now shut down. This is costing many US casino companies millions of dollars every single day.

Other countries in Asia are just beginning to open their casino industries, yet it does not appear they’re bringing in much revenue.

Macau Casinos Struggle to Bring in Players

China was the first country hit by the novel coronavirus now spreading around the world. Within weeks, officials decided to close down all of the casinos in Macau. This was devastating to the local economy, which relies almost entirely on tourism and gambling revenue.

The closure of these Macau casinos also impacted many US casino operators. This includes the aforementioned MGM Resorts International. Just recently, officials in Macau decided to reopen all of the casino-resorts in the city.

Unfortunately, these casinos are having an extremely difficult time generating revenue. There are still heavy restrictions set in place in Macau. Very few gamblers are now flocking to this city and some casinos are in danger of failing.

In time, however, Macau may prove to be the saving grace for some US casino companies. As we’ve already mentioned, all land-based casinos in the United States are now shut down. Many with property in Macau are now relying on the city to help make up for the revenue they are losing in America.

MGM Resorts doesn’t expect to open its Osaka casino anytime soon. At the moment, this company is likely focused on surviving while its US properties are shut down.

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

Here’s What We Know About the MGM Resorts Hack

Yesterday, news broke that MGM Resorts was hacked last summer. According to reports, more than 10 million individuals had their personal information posted online. Today, we’re going to explain what we know about the MGM Resorts hack so far.MGM Resorts Logo

Many were unaware that this hack even took place. It’s likely that many individuals had their information posted and didn’t know about it. Before we get into the details of this hack, we’ll look at some of MGM’s recent company changes.

Let’s get into it!

Jim Murren Officially Steps Down As CEO of MGM Resorts

Since the 90s, MGM Resorts has been run by Jim Murren. During his tenure with the company, Murren has helped to significantly expand and improve this property. Recently, he announced that he’s stepping down as CEO of the company.

Murren’s contract was set to expire soon. It appears he’s ready to call it a day just a little earlier than expected. Now, officials within MGM Resorts are working to find a suitable replacement. As of now, it’s still unclear who will step into the CEO role.

Many are sad to see Jim Murren leave. He’s been a huge part of the company for years and is widely credited for helping to save the company during the financial crisis of 2008-2009. He’s also responsible for some of the company’s major Las Vegas casino-resort sales over the past few years.

His departure comes at an interesting time. MGM Resorts is currently dealing with several things at once. For weeks, it’s been forced to deal with issues in Macau. Fortunately, that situation seems to be improving.

News reports now claim that the company was hacked last year. It’s the last thing MGM Resorts needed right now. Here’s what we know about this hack.

MGM Resorts Hack Affects 10.6 Million Individuals

MGM Resorts International is one of the biggest casino companies in the world. It’s based in Las Vegas and owns many of the world’s most profitable gaming venues. This company also offers M Life Rewards, one of the most popular casino loyalty programs in the country.

Unfortunately, even MGM isn’t safe from hackers. According to the website ZDNet, the information of 10.6 million individuals was posted online. The site eventually asked about the MGM Resorts hack to company officials, who offered this response.

“Last summer, we discovered unauthorized access to a cloud server that contained a limited amount of information for certain previous guests of MGM Resorts,” MGM said. “We are confident that no financial, payment card or password data was involved in this matter.”

The personal information on millions of tourists, which include government officials, tech CEOs, and reporters was posted to a popular hacking website. The information posted includes full names, home addresses, and phone numbers. MGM Resorts claims the informed the affected individuals last year.

The exact identity of this hacker is still unknown. Reports indicate that they are a part of GnosticPlayers, a hacking group that’s illegally claimed more than a billion personal records over the past few years. We’ll need to wait and see if any individuals affected by the MGM Resorts hack decide to take legal action in any way.

MGM Resorts’ Operations in Massachusetts Finally Improve

As we already mentioned, MGM Resorts is going through a lot right now. This includes the aforementioned departure of Jim Murren. For years, this company has also been working to bring in new gamblers to the MGM Springfield property in Massachusetts.

Lawmakers in Massachusetts decided to allow land-based casinos in the state back in 2011. The first casino to open here was the MGM Springfield. Initially, analysts predicted that this would be one of the most successful new casinos in the country.

Unfortunately, this has not been the case. Since opening in 2018, MGM Springfield has struggled to generate revenue. Things got even worse once the Encore Boston Harbor casino-resort opened to the public last year.

Fortunately, things seem to be finally improving here. Last month, gambling revenue increased here considerably. Interestingly, Encore Boston Harbor’s revenue dropped. Company officials hope this trend continues.

The MGM Resorts hack is very unfortunate. We’re likely to hear more about this over the next few months. Stay tuned for updates!

Revenue at MGM Springfield Jumped in January

Massachusetts’ casino industry continues to change. After months of disappointing results, it appears revenue at MGM Springfield is finally increasing. It’s fantastic news for the owners of this venue, who have invested millions of dollars to bring in more players.Revenue Increase Figure

Today, we’re going to discuss the history of the MGM Springfield Casino. We’ll also look at what this recent spike means for the property moving forward.

Let’s get into it!

MGM Springfield Has Been a Major Disappointment

Since 2011, Massachusetts has given three casinos permission to operate in the state. The first gambling venue to open here was MGM Springfield. MGM Resorts International built this property, which many believed would be extremely lucrative.

It was widely believed that Massachusetts would become one of the country’s next major gambling hubs. A huge number of individuals here make trips to Atlantic City in order to gamble inside casinos. With local casinos, this would no longer be necessary.

At first, MGM Springfield proved to be successful. As time went on, however, visitation here dropped. In June of 2019, Encore Boston Harbor opened up near Boston and captured a huge percentage of the state’s casino market.

Many gamblers who previously played inside MGM Springfield quickly made the switch to the Wynn Resorts-owned casino. As a result, revenue at MGM Springfield began to plummet. It seemed like just a matter of time before this casino was sold to the highest bidder.

That hasn’t been the case, though. Despite poor revenue figures, MGM Resorts continues to invest money here. Now, it appears that decision may be paying off.

Revenue at MGM Springfield Finally Increases

The fact that MGM Resorts continued to invest in their Massachusetts property was a little surprising. On the surface, it looked like this was a property that was bleeding money. Perhaps company officials saw something no else did.

Recent reports indicate that gambling revenue at this property officially increased in January. The casino’s gross gambling revenue was $20.6 million, compared to just $18.9 million in December. It’s not a massive increase, yet company officials have to be pleased.

Initial estimates predicted that revenue at MGM Springfield would be close to $34.8 million per month. Unfortunately, the most this property ever brought in during a single month was around $27 million. Overall, the casino brought in close to $252 million last year.

This wasn’t for a lack of trying, though. Back in early January, MGM Resorts decided to appoint a new president of this casino. Hope was that the change in leadership could help to turn things around. As of now, this strategy appears to be working.

MGM Springfield isn’t the only casino that experienced a revenue jump last month. Is this a sign that the state’s casino industry is in for a major change?

Plainridge Park Casino Revenue Jumps, Encore’s Drops

Right now, there are three different casinos operating in Massachusetts. As we mentioned earlier, the Encore Boston Harbor has proven to be the most successful of the three. That wasn’t the case in January, though.

Last month, the Plainridge Park Casino saw its gross gaming revenue increase by an astounding $876,913. This comes after seven straight months of revenue decreases. This venue managed to bring in around $11 million in January.

Encore Boston Harbor, however, saw its revenue drop. In January, this casino brought in $49 million. That’s down considerably from December’s $54 million. Wynn Resorts appears to be targeting more of a casual gambler demographic to help make up for these revenue drops.

The casino has also recently chosen to lower its minimum bet limit on several table games. Free parking is also beginning to be offered here. More strategies will be discussed during the company’s upcoming quarterly conference call.

Revenue at MGM Springfield officially jumped last month. Hopefully, this trend continues for the rest of the year.

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

MGM Springfield Continues to Disappoint

In August of 2018, MGM Springfield officially opened its doors to the public. Since that time, the Springfield, Massachusetts gambling venue has struggled to generate revenue. Officials within MGM Resorts International spoke about the low revenue figures to the media this week.MGM Springfield

This venue has been a major disappointment for one of the country’s biggest casino operators. Today, we’re going to talk about why this is. We’ll also discuss what steps MGM may take to change this downward trend.

Let’s get into it!

Massachusetts Proves to Be a Difficult Casino Market

For many years, lawmakers in Massachusetts banned all forms of casino gambling. In 2011, the state finally agreed to a set of laws that allows three new land-based casinos to open. In 2018, MGM Resorts International opened the state’s first gambling venue in the city of Springfield.

Expectations for this venue were high. Many considered Massachusetts to be one of the most lucrative new casino markets in the country. By the time MGM Springfield opened up, almost everyone agreed it would be extremely successful.

For a time, these theories were correct. MGM Springfield drew in many visitors early on and began generating serious revenue. As time went on, however, these earnings began to drop. One reason for this was the opening of Wynn Resorts’ Encore Boston Harbor casino-resort.

This new casino instantly captured a huge portion of the MA casino market. Many gamblers who previously gambled inside MGM Springfield began making the switch to the Encore. It was a tough break for MGM Resorts International, who didn’t anticipate their market to be taken over so quickly.

Despite the company’s best efforts, things don’t seem to be improving for MGM Resorts. A company official spoke about this disappointing performance to the media this week.

MGM Springfield Still Struggles to Generate Revenue

MGM Resorts International has been undergoing some massive changes in recent months. Last year, the company sold some of its biggest properties in Las Vegas. Just last week, CEO Jim Murren announced he’s stepping down.

There’s a lot to juggle here. Murren is continuing to run the company until a replacement is chosen. This week, Murren commented on the MGM Springfield property and doesn’t seem pleased with the venue’s performance.

“MGM Springfield has admittedly performed below our expectations, and we’ve recently made some changes there to better position the property,” he said. 

It’s surprising for some to hear that MGM continues to invest in this venue. Many expected the company to sell it and simply take the losses. That does not appear to be the case.

For now, MGM Resorts International wants to continue running its only Massachusetts property. With some changes, perhaps this venue can once again capture the state’s market.

Massachusetts isn’t the only area that MGM is continuing to invest in.

Macau May Soon Become Profitable Again For MGM Resorts

Macau is one of the world’s largest gaming markets. Many of the world’s top casino companies invest in property here, including MGM Resorts. Unfortunately, revenue from this territory has been dropping for more than a year.

Throughout 2019, tourism in Macau was down. The US-Chinese trade war had taken a toll on China’s economy, causing fewer nationals here to gamble. Macau relies on Chinese high rollers and as less began visiting here, revenue started to tumble.

Recently, the coronavirus has hurt this territory. As the 2019-nCoV virus spreads throughout China, less people are able to travel into Macau. Recently, officials in this territory decided to shut down all the casinos in order to prevent infections.

This casino shutdown is costing companies millions of dollars a day. It finally seems as if infection rates are beginning to even out and Macau may finally become a profitable casino market once again. Several investment groups have recommended people buy stock in MGM Resorts as the Macau situation improves.

2020 will be an important year for MGM Resorts. Hopefully, the company’s new CEO can be even more successful than Jim Murren.

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