Tag: MGM

Business

Investors Pour Into Chinese Stock Funds in Reopening Bet

February 14, 2023
Henry Club

Market finance Funds buying equities from China have seen inflows for five consecutive weeks, stemming the…

Business

Blackstone Stake Sale Values MGM Grand, Mandalay Bay at $5.5 Billion

December 2, 2022
Henry Club

The deal will net the investment firm more than $700 million in less than three years,…

Business

American Casino Giants Win 10-Year Macau License Renewals

November 26, 2022
Henry Club

Six casino operators in Macau won provisional licenses to continue operating in the Chinese gambling hub…

Business

American Casino Giants Face Wild-Card Rival as Macau Opens License Bids

September 16, 2022
Henry Club

HONG KONG—Casino operators in Macau have seen their fortunes slip as China’s “zero-Covid” policy cut the…

Business

Go Big in Vegas—Stocks, That Is

August 25, 2022
Henry Club

Macau’s gambling revenue in July plunged, while U.S. casino-gambling revenue hit a record in the second…

Business

MGM China Pumps $594 Million Into Macau Casino Unit Ahead of License Bid

August 22, 2022
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HONG KONG—The Chinese unit of U.S. gambling company MGM Resorts International said it would pump almost…

Business

FanDuel, DraftKings and Others Scale Back Marketing as NFL Season Arrives

August 17, 2022
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Some companies are cutting back their promotions in states where they already have a foothold as…

Business

Las Vegas Casinos Boom Despite Fears of a U.S. Bust

August 4, 2022
Henry Club

Listen to article (1 minute) Vegas is still booming. Despite inflation at a four-decade high, and…

Business

Macau casinos to reopen on Saturday after Covid-19 shutdown

July 21, 2022
Henry Club

Updated July 20, 2022 at 5:49 pm ET listen to the article (two minutes) Casinos in…

Business

Casino stocks fall as Macau closes business amid COVID-19 outbreak

July 12, 2022
Henry Club

Shares of casino companies operating in Macau’s gambling enclave fell after city officials ordered all businesses…