More Information on MGM Rewards Has Just Come Out

MGM Resorts International - MGM Rewards Cards

2021 proved to be an incredible year for MGM Resorts International. Officials within the company have big years for the future and have just revealed their new rewards program. Today, we’ll talk about MGM Rewards and how it is changing from the current rewards system set in place.

It appears as if 2022 will be another hugely successful year for the US casino industry. Casino companies want to ensure they capitalize on what will likely be major surges of visitors.

Here’s what you need to know!

Details on MGM Rewards Have Finally Surfaced

MGM Resorts International is one of the most successful casino operators in the world. It launched in 1986 and now operates a huge number of world-class casinos around the world. That includes some of the most popular gambling venues on the Las Vegas Strip.

For years, MGM Resorts has been offering a unique rewards system known as Mlife Rewards to its members. It was a popular program, yet faced criticism from some who claimed there were not enough benefits for those uninterested in gambling. It seems that officials within the company took note of those complaints.

More information on MGM Rewards, the company’s new loyalty program, is starting to surface. This five-lever tiered program will officially begin on February 1 and is meant to accommodate more non-gaming amenities. The tiered structure can be seen below.

  • Sapphire Tier: 0 – 19,999 credits.
  • Pearl Tier: 25,000 – 74,999 credits.
  • Gold Tier: 75,000 – 199,999 credits.
  • Platinum Tier: 200,000 credits+.
  • Noir Tier: Invitation only.

Each of these tiers offers members unique rewards. The higher the tier, the better these rewards are. Anil Mansukhani, MGM Resorts’ vice president of loyalty marketing, spoke to the media about this change over the weekend.

“MGM Rewards was developed as a direct result of customer feedback and now offers more ways to earn, more ways to redeem and more exclusive benefits at MGM Resorts’ more than 20 destinations nationwide,” Mansukhani said. 

Gamblers are no longer the only ones able to benefit from the rewards structure at MGM Resorts. We’ll be sure to offer more information on this program as its launch date next month approaches!

MGM Resorts Considers More Property Sales

Things are constantly changing in Las Vegas. Some of the most popular casinos in Las Vegas have been bought and sold over the past few years. Some of these sales and purchases have been initiated by MGM Resorts International.

MGM made headlines last year by taking control of The Cosmopolitan. This property is widely considered to be one of the best gambling and entertainment venues in the city. It chose not to purchase the casino’s real estate and instead has simply taken over its operations while paying a fee for the land and venue owners.

News also broke that MGM Resorts International was choosing to sell The Mirage to Hard Rock International for just over $1 billion. This move comes as a surprise to some, as The Mirage has been one of the company’s most popular venues for years. Hard Rock International has been working hard to break into Nevada and now owns its first casino located on The Strip.

Some feel that more of these types of property sales will take place in 2022. MGM Resorts has expressed a desire to break into new US markets and selling casinos in Las Vegas could help to facilitate these moves. Exactly which casinos the company may decide to sell is still unknown.

It’s a very interesting time for the entire US casino industry. The sports betting industry continues to grow, too.

Sports Betting Revenue is Expected to Surge This Year

Casinos around the country posted impressive revenue gains throughout 2021. Most sports betting operators did, too. Many states chose to launch their first regulated sportsbooks last year and even more seem determined to do so in 2022.

It seems very likely that this will be the best year in history for the US sports betting industry. The past few days are lending credibility to that idea. All reports claim sports betting revenue is already surging around the country.

New York just launched its first online sportsbooks. In just the first few days of operating, these online betting platforms reported more than 5 million transactions. That is far beyond what any other state reported in the same time period.

Many other states including California, Massachusetts, and Kansas seem likely to approve sports betting bills over the next few months. Sports betting is very likely to be legal across the entire country within the next couple of years. We’ll be sure to offer updates on the spreading legalization of this form of gambling as the months continue.

What do you think of the new MGM Rewards? Will more non-gaming rewards be beneficial to members? Let us know in the comments section below.

More of MGM Resorts’ Plans for 2022 are Starting to Surface

Las Vegas Sign With MGM And Strip Background

Few casino companies have quite as large of a name as MGM Resorts International. 2021 has been a big year for this company and it seems as if next year will be even better. This week, more of MGM Resorts’ plans for 2020 started to surface.

It’s clear that this major gaming operator has plans for expansion. Today, we’ll talk about some of the things that MGM is looking to accomplish.

Let’s get into it!

Here’s a Quick Look at MGM Resorts’ Plans for 2022

The US gambling industry has been faring extremely well through 2021. That is incredible to see when considering how difficult things were for gambling operators here in 2020. MGM Resorts International is one company to see consistent revenue increases throughout the year. It has recently gone through several major casino sales and seems interested in more in the future.

2021 is slowly coming to an end and casino companies are starting to look ahead. Several of these companies have begun announcing important plans for next year. That includes MGM Resorts, which appears to have several important ideas for the future.

New reports claim that MGM is looking into the possibility of opening a new casino on the Las Vegas Strip. The company appears to be working toward securing land near The Excalibur. It’s unclear how large this new property would be, yet many remain interested in seeing what MGM is planning.

MGM Resorts also seems focused on expanding its betting operations around the country. This company was one of the few to obtain an online sports betting license in New York. Many feel that New York will grow to become one of the largest sports betting industries in the country and will likely bring companies like MGM Resorts a huge amount of revenue.

More details on MGM Resorts’ plans for 2022 are expected to come out over the next few months. We’ll be sure to offer more details on this company’s big moves as 2022 goes on.

State Reports on Casino Revenue Continue to Surface

Casinos around the US have seen incredible revenue earnings throughout 2021. In fact, the American Gaming Association’s prediction that this would be the best year in history for the casino industry has turned out to be correct. Most states have posted several record-breaking revenue figures throughout the year.

Many states are now beginning to release revenue reports for the month of November. Analysts are surprised to see how well various gambling hubs are faring. Some reported better earnings over the month than others.

Ohio has just released its revenue reports for November. The casinos here managed to bring in $178.8 million over the month. That represents a slight month-on-month dip, yet is a huge increase when compared to November of 2020.

Maryland is another state that is experiencing a huge year-on-year casino revenue increase. The gambling properties here reported $160.4 million over November. That is a 23% jump in revenue and shows how popular casino gambling is in the state.

Casinos are still faring very well right now. It seems likely that gambling revenue will increase significantly throughout 2022. Stay tuned for updates!

Sports Betting Revenue is Surging Around the US Right Now

The casino industry is far from the only one that is succeeding right now. The US sports betting industry has grown tremendously over the past couple of years. Sports betting revenue has been consistently increasing throughout 2021 and has apparently brought in a huge amount of money in November.

Oregon is one state to report major sports betting revenue growth. The online sports betting industry here reported a total handle of $32.6 million. The lone online sports betting app here managed to bring in $4.4 million in gross gaming revenue.

Nevada, New Jersey, and Pennsylvania all saw a huge amount of sports betting revenue flow in during November. Most of the wagers have been on the ongoing NFL season. Football betting is expected to intensify as the playoffs approach.

A huge amount of states have recently legalized sports betting, too. That includes Ohio and Maryland. Most analysts expect to see a number of more states choosing to legalize sports gambling in 2022.

What do you think of MGM Resorts’ plans for 2022? Will next year be just as successful for the sports betting industry? Let us know in the comments section below.

Here’s What We Know About MGM Resorts’ Mirage Sale

The Mirage For Sale By Owner Sign MGM

Las Vegas played host to several major casino sales over the past year. There is no sign of this trend slowing down anytime soon. Today, more information on MGM Resorts’ Mirage sale was officially released to the public.

A lot has been changing with MGM Resorts lately. Now is a great time to talk about why this company is interested in selling one of its most popular Las Vegas casinos. We’ll also discuss some of the recent moves that other companies have been taking to increase profits.

Let’s get into it!

Details on MGM Resorts’ Mirage Sale are Now Beginning to Surface

The past two years have been some of the most unusual in history for Las Vegas. Throughout 2020, casinos were forced to remain closed and gambling revenue in the city hit record-low numbers.

Things completely turned around in 2021. Tourism has been increasing throughout the year and gambling revenue has been steadily rising. The casino industry in Las Vegas broke monthly revenue records on several occasions.

MGM Resorts International is one of the most successful casino companies in Las Vegas. This week, news broke that the company is now in the process of selling The Mirage, a popular casino on the Las Vegas Strip. CEO Bill Hornbuckle spoke about MGM Resorts’ Mirage sale to the media earlier today.

“We believe is best for the long-term success of both the property and MGM Resorts,” Hornbuckle said. “[MGM Resorts is] committed to continuing to maintain and develop our existing Las Vegas portfolio with no plans for other changes on the Strip at this time.”

This is likely a move to boost the company’s revenue figures for 2021’s fourth quarter. We’ll be sure to offer more updates on this major sale over the next few months.

Caesars Entertainment is Also Planning a Las Vegas Casino Sale

MGM Resorts is far from the only successful casino company operating in Las Vegas right now. Caesars Entertainment has been running casinos in this city for decades. Not long ago, this company released its third-quarter revenue reports and revealed it saw a major revenue decline.

Shortly after this news broke, Caesars’ share prices took a major dip. The company’s share prices quickly rose again after news of an upcoming Las Vegas casino sale broke. Caesars confirmed it is planning to sell one of its Las Vegas Strip properties, yet it’s unclear which venue will soon be up for grabs.

Many of the other casino operators in Las Vegas may look at property sales in the future, too. A growing number of smaller US gaming companies are expressing interest in breaking into the city’s market. These sales may provide the perfect pathway for that to happen.

The US casino industry remains in a good position. Tourism into major gambling hubs remains strong and new casinos are opening around the country. It remains to be seen if 2022 will be an even more successful year than the record-breaking 2021, though.

Many of the top US casino operators remain focused on their operations in Macau. Here’s a quick update on how Asia’s top gambling destination is faring right now.

Macau’s Gambling Revenue Continues to Disappoint

Macau has been one of the most successful gambling destinations for years. Prior to 2020, this territory would draw in millions of people on a monthly basis to gamble inside its world-class casinos. Unfortunately, this city has struggled immensely since the start of the Covid-19 pandemic.

Analysts remain uncertain of when things will recover here. Intense health regulations remain in place here that are keeping tourists away. Mainland China continues to implement certain restrictions on travel here, too.

This has been devastating news for the US casino companies based in this city. Las Vegas Sands, in particular, has struggled immensely due to its operations in Macau. It owns and operates several properties in this territory, all of which are still struggling to generate revenue.

Officials in Macau are now in the process of renewing the casino licenses for US casino operators. There is some concern that these licenses will not be renewed. Casino executives remain confident in obtaining another license and continue to tell the media they expect casino revenue to increase throughout 2022.

Are you surprised to hear about MGM Resorts’ Mirage sale? Which casino do you expect this company to sell? Let us know in the comments section below.

Here’s What We Know About the New Las Vegas Airport Hotel-Casino

Dream Casino Las Vegas Sign Background

Las Vegas is home to many of the world’s best casino-resorts. It appears this city may soon welcome a brand new gambling property located right next to the airport. Today, we’ll talk about some of the details of this new Las Vegas airport hotel-casino.

Many have been calling for an exciting new gambling property to open new the Las Vegas airport. Those calls have finally been answered.

Here’s what you need to know about this venue.

More Details on the Las Vegas Airport Hotel-Casino are Coming Out

Some of the biggest and best casinos in the world are based in Las Vegas. The Las Vegas Strip, in particular, is where several multi-billion dollar properties are located. That includes famous venues such as The Venetian, Caesars Palace, and The Bellagio.

For years, residents and tourists have been calling for a new hotel-casino to open directly next to the airport. City officials have pushed against these plans. These officials often argue that even the hotel-casinos on the Las Vegas Strip are close to the airport and investing in a new gambling venue directly next to McCarren Airport is unnecessary.

This week, the Clark County Commission voted 6-1 in favor of allowing Dream Las Vegas to open at the airport. This is a 20-story hotel and casino and will be separated by the airport by just a chain-linked fence. This property is expected to cost a staggering $500 million to construct and may open its doors within a few years.

Several questions over security have been raised with this property’s plans. Several government agencies have voiced concern about the danger it poses to McCarren Airport. Despite the concerns, it appears this property is gaining support from the necessary state groups.

If all goes according to plan, groundbreaking will take place on this property by 2022. Stay tuned for more updates on the proposed Las Vegas Airport hotel-casino over the next few months.

Casinos Continue to Experience Shake-Ups in Las Vegas

The Las Vegas casino industry is bigger and better than ever before. Most of the country’s most successful casinos are also currently based in this city. Recently, several of these companies have been involved in major sales and purchases.

Las Vegas Sands has been experiencing some major difficulties over the past two years. Consistent revenue declines from the company’s venues in Macau have made things difficult. Earlier this year, news broke that Las Vegas Sands had agreed to sell The Venetian, one of its most popular gaming venues.

MGM Resorts International has been involved in several major sales in recent years. The includes the sale of The Bellagio and Circus Cirus to Blackstone Group. This multi-billion dollar deal allows MGM to lease back these properties.

Most recently, news broke that MGM Resorts had agreed to acquire The Cosmopolitan. Moving forward, MGM Resorts International will be taking control of this venue’s operations. It has chosen not to buy the real estate, though.

It seems likely that several more property sales will be announced over the next few years. Several companies, including Caesars Entertainment, have expressed interest in buying more properties here. Gambling revenue continues to surge in Las Vegas and now may be the perfect time for companies to break into this market.

Some feel that it’s time for Nevada to begin allowing online casinos to operate. Here’s a quick look at when this change might take place.

Casino Executives Support Move to Legalize Online Casinos in NV

Casino gambling has been an integral part of Nevada’s economy. Over the past few decades, this state has transformed into the world’s premier gambling destination. Land-based casinos have experienced huge growth over the last few years.

Some of the casino companies have expressed concern about the state’s growing interest in legalizing online casino gambling. Doing so, these companies argue, would take away from their revenue figures. Many of the executives within these companies are now beginning to change their stance.

That includes MGM Resorts CEO, Bill Hornbuckle. He spoke to the media recently about the growing push to legalize internet casinos. To many people’s surprise, he voiced support for this move and claims it will help to grow the entire country’s gaming industry in the long run.

“If you look at what the opportunity could be, I look forward to just talking more about all of it,” Hornbuckle said. “It could be significant not only for the state, but for the industry and nationally, and potentially even on a global basis.”

Casino companies seem to be interested in launching their own internet casinos in the state. It will take several steps for any of these platforms to launch. Time will tell how Nevada’s leaders view these measures.

Are you excited to see the new Las Vegas airport hotel-casino gaining approval to open? Will this be a popular venue? Let us know what you think in the comments section below.

MGM Resorts Supports Legal Online Casinos in Nevada

MGM Grand With Online Gambling Background

MGM Resorts remains one of the biggest and most profitable casino companies operating in the United States. It’s been working hard to expand in recent years and even appears interested in breaking into the online gambling industry. New reports indicate this company supports a move to allow legal online casinos in Nevada.

Many of the top casino companies in Nevada have pushed against this idea. It seems MGM now has a different take on the situation.

Here’s what you need to know.

MGM Officials Support Push to Allow Legal Online Casinos in Nevada

Nevada is known for being home to one of the largest casino industries in the country. It’s here that many major gaming operators are based. That includes MGM Resorts, Caesars Entertainment, and Las Vegas Sands.

Historically speaking, these companies have been against the push to allow legal online casinos in Nevada. Allowing these internet gaming platforms, the companies argued, would significantly reduce the amount of revenue their land-based casinos bring in. That has been the general consensus for years.

It seems things are changing, though. Officials within MGM Resorts International spoke to the media this week and claimed they are open to Nevada allowing online casino gambling. CEO Bill Hornbuckle claims this move would likely help casino companies, the state, and the entire US gaming industry.

“If you look at what the opportunity could be, I look forward to just talking more about all of it,” Hornbuckle said. “It could be significant not only for the state, but for the industry and nationally, and potentially even on a global basis.”

It remains to be seen if other Nevada-based casino companies feel the same way. Stay tuned for updates on Nevada’s growing push to regulate online casino gambling over the next few months.

New Jersey’s Online Casino Industry Continues to Thrive

Certain lawmakers in Nevada seem interested in allowing online casinos. These state officials may be taking a close look at how much money this industry is bringing the state of New Jersey. This was one of the first states to legalize and regulate internet casinos years ago. 2021’s second quarter was a particularly good one for the gaming industry here.

August proved to be a successful month for the online casino operators here. The total online gaming revenue here came out to $113.2 million over the course of the month. That represents an increase of 29% when compared to the same month in 2020.

The land-based casinos here performed fantastically, as well. Total land-based gaming revenue came out to $262.4 million in August. That is a staggering 32% increase from August of 2020 when the casinos here were still struggling to stay afloat.

The Golde Nugget saw the largest year-on-year increase. This property managed to bring in $15.8 million this August, up 70% from August of 2020. The Tropicana came next with an increase of 44%, followed by Resorts at 35%.

The entire US casino industry appears to be performing well right now. Expect to see these revenue figures increasing as the year goes on.

US Sports Betting Revenue Likely Increased This September

2021 has been the most successful year for the US sports betting industry in history. Many states launched their first sportsbooks this month. That includes Connecticut, Arizona, and Washington. Each has seen impressive revenue figures flowing in from this form of gambling.

August was a slow month for many US sports betting markets. September, however, is expected to be the opposite. The start of the 2021/2022 NFL season is expected to result in massive revenue surges for sports betting operators around the country.

Numerous sports betting operators have been reporting huge surges in sports betting revenue. That is likely to continue as the season goes on. It’s an exciting moment for the entire industry and is making more states look into the legalization of sports betting.

2022 is expected to be the year that several more states approve sports gambling bills. That includes California, the most populous state in the country. Even certain lawmakers in Texas seem interested in getting sports betting legalized!

Are you surprised to see MGM Resorts supporting the move to allow legal online casinos in Nevada? Will the state allow these internet gambling platforms anytime soon? Let us know in the comments section below.

How are MGM Resorts’ Casinos in Macau Impacting the Company?

MGM China Casinos Background

MGM Resorts International is one of the largest and most successful casino companies in the world. Lately, analysts have been questioning how MGM Resorts’ casinos in Macau are affecting the company. Things have been far from ideal in this Chinese territory, to say the least.

China continues to implement intense safety measures here. The future of one of the world’s biggest gambling hubs remains uncertain. Today, we’ll discuss how things may change here in the future.

Let’s get into it!

MGM Resorts’ Casinos in Macau Continue to Struggle

Macau has been one of the world’s most profitable gambling destinations for decades. Lately, however, this territory has seen its casino industry struggling to stay afloat. Much of this is due to the intense new regulations being set in place from Mainland China.

MGM Resorts International is one company suffering from this increase in regulations. This major gaming operator owns two casino-resorts in Macau. Revenue from these properties has remained extremely low since that pandemic began in early 2020.

Officials within MGM Resorts don’t seem overly concerned. Bill Hornbuckle, CEO and president of MGM Resorts International, spoke with the media recently about China’s impact on the company’s operations in Macau.

“Until proven wrong, I’m not and we’re not overreacting to what is being hyped or said,” Hornbuckle said. “We are hoping rational minds control in the end because this is the Macau economy… [Local and national officials] recognize the value that it [casino industry] brings and ultimately the value that we’ve brought as operators to the greater community. I mean we do a lot in the community just beyond employment, which is a big piece of it, of course. So I, I think we’re all in good standing.”

It’s likely that MGM Resorts’ Casinos in Macau will continue to suffer. Fortunately, this company has been performing well with its operations throughout the United States.

Will MGM Resorts Expand Further in Las Vegas?

Macau remains the biggest casino hub in Asia. Over in the United States, Las Vegas still holds that title. It’s here that some of the biggest and most expensive casinos ever built are located. That includes the recently opened Resorts World Las Vegas, which cost an incredible $4.3 billion to construct.

MGM Resorts owns many popular gambling venues in Las Vegas. This company is showing a new motivation to expand in Sin City, too. News broke recently that this company is set to acquire The Cosmopolitan Resort for $1.6 billion.

Moving forward, MGM Resorts will take control over The Cosmopolitan’s operations. It will not own the real estate; instead choosing to pay $200 million in annual rent. That number will increase by 2% to 3% over the next 30 years.

There is no doubt that MGM Resorts is focused on expansion. Las Vegas has bounced back tremendously from the events that unfolded in 2020 and continues to break gaming revenue records. It seems that MGM Resorts is interested in breaking into the US online casino industry, as well.

It’s an interesting time for the entire US casino industry. Things are also ramping up for US sports betting operators with several new states set to launch their first sportsbooks soon.

States Continue Preparing for First Sportsbook Launches

Sports betting was limited to Nevada for most of the past few decades. Finally, in 2018, the US Supreme Court struck down PASPA. This opened the door for every state in the country to legalize and regulate this popular form of gambling.

The past couple of years has proven how large of a demand there is for sports betting throughout the US. More than half the nation now has regulated sports betting options available. Several more states are preparing to launch their first sportsbooks in the near future.

Florida is one of those states. Lawmakers here technically legalized this form of gambling earlier this year. Unfortunately, legal battles between several pari-mutuel companies have delayed the launch of any regulated sportsbooks here. Hope is that these sportsbooks go live in early 2022.

Louisiana is another state working hard to get its sports betting operations live. Several delays have come up in the process.

Those hoping to see Massachusetts legalize sports betting in 2021 might be out of luck. The State Senate recently announced it has no plans to approve a sports betting bill this year. Residents here are now looking head to 2022 for this to take place. Stay tuned for updates!

Are you surprised at how MGM Resorts’ casinos in Macau have been faring? Will casino companies soon decide to leave Macau entirely? Let us know in the comments section below.

Here’s What We Know About MGM Resorts’ Vaccine Rule

MGM Resorts Picture

MGM Resorts International has been working hard to increase its revenue figures while maintaining a safe environment in its casinos for patrons and employees. This company is now deciding to take a major step in its attempts to keep things as safe as possible. Today, we’ll discuss the details of MGM Resorts’ vaccine rule.

More casino companies across the country are being forced to make difficult decisions with regard to the pandemic. It’s an unusual situation for this industry, to say the least.

Here’s a look at what exactly is happening with MGM Resorts.

MGM Resorts’ Vaccine Rule is the First of its Kind for Casino Companies

Most of the world’s most powerful casino companies are based in the United States. That includes MGM Resorts International, founded back in 1986. This casino operator has expanded over the years and now owns successful properties around the world. That includes many popular casino-resorts in Las Vegas.

Throughout 2020, MGM Resorts experienced massive revenue losses. This company certainly wasn’t alone with those losses. Most casinos around the country were shut down for months in 2020 and all major gaming operators experienced huge monetary drops throughout the year.

MGM Resorts managed to stay afloat, due in part to its successful online gambling operations. Things have turned around massively for this company in 2021. Land-based casino revenue has been surging and casinos are reporting record revenue gains almost every single month.

Covid-19 infections have been rising around the country due to the new Delta variant. As a result, casino companies have been forced to look into adding new restrictions to protect their patrons and employees. That includes MGM Resorts International, which just recently announced that all of its employees now need to receive the Covid-19 vaccine.

MGM Resorts’ vaccine rule is the first of its kind for casino companies. MGM Resorts spokesperson Brian Ahern spoke about the company’s decision earlier this week.

“Our goal is to get as many people vaccinated as possible,” Ahern said. “We’re continuing to explore a variety of ways to do that, including expanding vaccination requirements among our workforce. This is an incredibly complex situation and we’re examining how expanded policies would potentially work and be implemented.”

Will this lead to more casino companies implementing intense Covid-19 restrictions?

Casinos Face More Pressure to Implement Health Restrictions

For a time, it seemed as if the United States had turned a corner with the pandemic. Cases were dropping quickly and hospitalizations were lower than ever. Things have begun to devolve once again, however, and many states are once again reporting large spikes in their infection rates.

This is making it difficult for casinos around the country. These properties were exposed last year for their inability to adapt. When tourism stopped, many of the most powerful casino companies around the country saw their revenue figures plummet.

There is now real pressure on many of these companies to begin setting new health restrictions in place. Some are already choosing to do so. That includes Caesars Entertainment, which recently announced it is now requiring patrons to provide either proof of vaccine or a negative PCR test to enter its Harrah’s New Orleans property.

MGM Resorts’ vaccine rule is another example of the changing times. All employees will need to submit proof of a vaccine in order to remain with the company. Some feel many other gaming companies will take this step within the next few weeks.

Las Vegas is now requiring masks to be worn at all times inside casinos. Some feel capacity limits and the closure of certain indoor venues could be around the corner. Gaming analysts are interested to see how the casinos here respond to these new rules.

There is still positive news coming from the US gambling industry. Assuming nothing dire happens, this industry remains on track to break all-time records.

Casino and Sports Betting Revenue Continue to Surge

The US gambling industry has been expanding rapidly over the past few years. That is particularly true for the sports betting industry. More than half the country now has a sports gambling industry set in place helping to bring in a huge amount of revenue each month.

2021 is shaping up to be the best year in history for the entire US gambling industry. The year’s second quarter proved to be the most successful in history. Gambling hubs across the country reported massive gains in their sports betting and casino revenue figures.

The American Gaming Association reported that 22 out of 25 states showed revenue gains when compared to the second quarter of 2019. Several of these states saw double-digit gains. There is a strong indication that overall revenue from the US gambling industry will surpass the $44 billion mark.

The start of the 2021/2022 NFL season should help to fuel revenue growth. This season is already expected to be the most-wagered-on in history. Several more states are working to launch their first sportsbooks by the start of the regular season.

Casinos will need to decide how to best approach the rise in infections around the country. Hope is that improvements are seen in the coming months. We’ll be sure to offer updates as the year goes on.

What do you think about MGM Resorts’ vaccine rule? Do you expect more casino companies to implement this measure? Let us know in the comments section below!

BetMGM App Goes Live at Nationals Park

Person Browsing a Sports Betting Site on a Tablet

The Entain-MGM Resorts owned BetMGM App went live in DC last Thursday, bringing the MGM brand to th D.C. sports betting market.

Said BetMGM CEO Adam Greenblatt in a statement:

“Launching in Washington, D.C. at Nationals Park sets the stage for our plans to expand BetMGM within the region, as we’ve already seen great success in Virginia. The Washington Nationals have been a fantastic partner, committed to innovating the in-stadium fan experience and we’re looking forward to opening our retail sportsbook at the stadium later this year.”

Part of Exclusive Partnership With Nationals

The launch of the BetMGM App is part of the exclusive partnership that MGM Resorts signed with the Washington Nationals five months ago. Under that agreement, BetMGM will also build a retail sportsbook connected to Nationals Park. That project is expected to launch later this year.

Meanwhile, the BetMGM App can now be downloaded by DC residents via Android or iOS. While the app can be downloaded and accessed throughout the region, wagers can only be placed within a two-block radius from Nationals Park, as per DC law.

Since the BetMGM App is integrated with MGM Resorts M Life Rewards Program, Nationals fans can redeem their gameplay for world-class experiences at all MGM properties across the United States.

Completing Presence in DMV

BetMGM’s mobile app launch in D.C. also completes its presence in the Washington Metroplex known as the DMV ( D.C.-Maryland-Virginia ).

Last January, the BetMGM mobile sports betting app launched in Virginia. BetMGM is also set to have a presence in Maryland where voters approved to legalize sports betting last year. MGM Resorts also operates the MGM National Harbor Casino in Oxon Hill, just outside of DC.

The BetMGM App is the second mobile sports betting app attached to a sports team in DC. Last summer, William Hill launched in the nation’s capital via its partnership with the Washington Wizards and Washington Capitals. Like BetMGM, wagers placed via the William Hill app have to be placed withing a two-block radius from the Capital One Arena.

What’s Happening With MGM Springfield Right Now?

MGM Springfield MA

Massachusetts is home to a relatively small casino industry compared to many areas of the country. With that being said, this state is home to some world-class casino-resorts. Today, we’ll talk about what is happening over at MGM Springfield.

This gaming venue has been struggling over the past few years. There are some signs that things are beginning to bounce back, though.

Here’s what you need to know about this property!

US Gambling Revenue Surged in 2021’s First Quarter

The US gambling industry was devastated by the events that unfolded in 2021. Early in the year, all land-based casinos across the country were forced to shut down. It took months for any casinos to begin operating again.

2021 is proving to be a much different story. Major casino companies are now reporting consistent revenue surges every month. Not long ago, reports surfaced that showed just how much US gambling revenue has been increasing.

Incredibly, gambling revenue through 2021’s first quarter increased by 17.7% when compared to the same quarter in 2020. It’s also risen by 4.1% compared to 2019’s first quarter. It goes to show how far things have come over the past few months.

Overall, gambling revenue throughout the country surpassed $11 billion. That makes it the highest-earning quarter in the history of the US gambling industry. Much of this is due to the massive surge of revenue earned during the month of March.

Both casino gambling and sports betting revenue have been steadily increasing lately. Major casino hubs such as Las Vegas and Atlantic City are starting to see massive surges in their tourism figures. Many expect this trend to ramp up over the summer months.

The casinos in Massachusetts are beginning to experience a comeback. Here’s a look at what is happening with one of the most popular casino-resorts here.

Here’s an Update on the MGM Springfield

For many years, Massachusetts banned most forms of traditional gambling. Even casinos were prohibited from operating in this state. Things changed about a decade ago and there are now several popular gaming venues operating around the state.

The MGM Springfield first opened its doors to the public in 2018. As the name suggests, this property is owned and operated by MGM Resorts. It quickly became the most popular casino-resort in the city and drew in many gamblers from neighboring states.

Eventually, the Encore Boston Harbor opened its doors here. This ended up capturing much of the state’s casino market. As the years went on, MGM Springfield’s revenue figures began to decrease.

News broke this week that MGM Resorts has sold MGM Springfield to the company’s real estate trust. This will not have any impact on the casino-resort’s day-to-day operations. MGM Resorts will now lease the property and continue running it as before.

MGM Resorts CEO Bill Hornbuckle spoke to the media this week and claimed this transaction “serves the best interests of the shareholders of both companies and further advances our asset-light commitment… [MGM Springfield] has exhibited strong financial performance as it emerges from the pandemic.” 

It’s interesting news. MGM Resorts is clearly happy with the progress that this MA-based casino is making right now. It has received a large sum of money for the recent transaction and can still retain control of its operations. We’ll be sure to offer more updates on this situation over the next few months!

New Jersey Casinos Brace for Summer Tourism Boom

Massachusetts is far from the only casino hub on the East Coast. As many are aware, New Jersey is still home to the biggest casino market in this area of the country. Lately, the casinos here have been seeing a major surge of tourism and revenue.

Gambling revenue has been steadily rising here throughout 2021. Some of the gambling venues here are experiencing bigger monetary increases than others. Most analysts expect a huge surge of tourism here by the time summer rolls around.

As a result, some of the casino companies here have recently announced upcoming renovations. The Ocean Casino-Resort is set for a $15 million renovation over the next few months. Caesars Entertainment has also announced it will invest $400 million into its Atlantic City properties over the next few years.

More entertainment options are becoming available in this city. It seems likely that major shows will be able to take place at 100% crowd capacity by the time July rolls around. This should help to boost tourism rates in the city as the months go on, too.

In the meantime, the state’s online gambling options have been growing steadily. Internet sports betting is more popular here than ever before. Hope is now that the land-based casinos here will see pre-pandemic revenue figures over the next few months.

Are you surprised to hear what is happening with MGM Springfield? Let us know in the comments section below!

MGM Resorts Passes on Running the Chicago Casino

Chicago Casino

For years, officials in Illinois have been working on ways to build and open a new casino-resort in Chicago. Many are now beginning to question which company will choose to operate this gaming venue. New reports indicate MGM Resorts has no desire to operate the proposed Chicago.

There are several reasons why this is. Today, we’ll explain what has led to MGM Resorts passing on this venue. We will also talk about when and where this property could finally open its doors.

Let’s get into it!

Gaming Revenue Continues to Ramp Up Around the US

The US casino industry has been in a major recovery over the past few months. States around the country continue to report increases in revenue. Some, of course, are seeing more impressive revenue figures than others.

Nevada had a hugely impressive month during March. That month, the state saw an amazing 67% jump in overall gambling revenue. The Las Vegas Strip ended up bringing the largest revenue figures, yet the entire state saw a big increase.

New Jersey also experienced a major revenue boost during March. The casinos here reported an increase of 75% in revenue when compared to the same month in 2020. Both casino and sports betting revenue are up here.

Many of the country’s smaller gaming hubs have been seeing revenue increases, too. As a result, many states are once again looking at expanding their gambling industries. Many exciting new casino-resorts are expected to open around the country over the next few months.

Casino companies are seeing their stock prices increase. This trend is expected to continue as tourism rates into major gambling hubs increase. It’s an extremely exciting time for the country’s gambling industry as a whole.

Illinois is one state looking hard to open new casinos. That includes one in Chicago. Unfortunately, officials here are finding it difficult to find companies willing to operate this property.

MGM Resorts Shows No Desire to Operate the Chicago Casino

The US is home to many of the biggest, most successful casino companies on the planet. That includes MGM Resort, which owns and operates a huge number of major casino-resorts in Las Vegas. This company has expanded around the country over the past few years.

Interestingly, MGM Resorts is showing no desire to operate the proposed Chicago casino. Like many other companies, MGM feels there are too many issues surrounding this venue. That includes the high tax rate set in place here.

Company officials have confirmed that they are unlikely to apply for a casino license here. Instead, MGM is focused on locations such as Japan, Florida, and New York. Officials within the city of Chicago released a statement on this news this week.

“MGM Resorts is a respected company and Chicago would have been delighted to receive an MGM casino proposal,” the statement said. “We understand each casino operator will need to determine which opportunities are best suited for their organization and that MGM has prioritized its focus for several years on opportunities in Japan and its mobile wagering businesses. However, we believe other well-respected casino operators have a different view of this once-in-a-lifetime opportunity in Chicago, and we expect to receive outstanding proposals for the Chicago casino.”

Many believe it’s time for Chicago to update its regulations. The tax rate set for the casino here is still considerably too high. Until this changes, more companies are likely to pass on applying for a license here.

Many are still asking where this new casino will be located. We are beginning to hear more about that as the year goes on.

What is the Most Likely Location for the Casino in Chicago?

There has been a huge amount of attention placed on Chicago’s casino plans in recent months. Officials here are realizing how much revenue can be earned from the gambling industry. Mayor Lori Lightfoot has been working hard to get this venue up and running as soon as possible.

Not long ago, reports surfaced that officials want to get this casino operational by 2025. It’s exciting news for gambling fans in the state. Of course, there is still no confirmation of where this casino will be located.

Eleven different companies have voiced their opinions on where this casino should be located. Most of them are favoring a downtown location. Ultimately, the location will be chosen by the company that receives permission to develop this property.

Hope is that this casino ends up being a major revenue-generator for the state. Many of Illinois’ lawmakers are expecting big things from this venue. If all goes according to plan, it will help to significantly boost tourism rates in Chicago.

The state’s sports betting industry continues to expand, too. Revenue from this industry continues to increase with each passing month. It’s an exciting time for the gaming market here.

Are you surprised to hear that MGM Resorts isn’t interested in opening the Chicago casino? Let us know in the comments section below!