https://www.casinogaminginst.com Your source for breaking casino news. Mon, 29 Jul 2024 13:54:45 +0000 en-US hourly 1 https://wordpress.org/?v=6.1.1 https://www.casinogaminginst.com/betmgm-anticipates-250m-core-loss-in-2024-amid-aggressive-marketing-push-114515 https://www.casinogaminginst.com/betmgm-anticipates-250m-core-loss-in-2024-amid-aggressive-marketing-push-114515#respond Mon, 29 Jul 2024 13:54:45 +0000 https://www.casinogaminginst.com/?p=114515

BetMGM, a joint venture between MGM Resorts and Entain, has recently announced that its financial losses for the year are expected to?surpass earlier projections. This news comes as the company aggressively ramps up its marketing strategies to compete in a fiercely competitive sports betting market. Financial performance and market challenges: In a detailed financial update, […]]]> https://www.casinogaminginst.com/betmgm-anticipates-250m-core-loss-in-2024-amid-aggressive-marketing-push-114515/feed 0 https://www.casinogaminginst.com/greektown-casino-hotel-in-detroit-to-lay-off-43-union-employees-from-sept-28-due-to-covid-19-pandemic-83484 https://www.casinogaminginst.com/greektown-casino-hotel-in-detroit-to-lay-off-43-union-employees-from-sept-28-due-to-covid-19-pandemic-83484#respond Tue, 08 Sep 2020 22:05:13 +0000 https://www.casinogaminginst.com/?p=83484

A week after rival MGM Grand Detroit laid off some 1,100 employees, and Greektown Casino-Hotel now says 43 workers will be laid off due to lost revenues resulting from the coronavirus pandemic. In a statement announcing the layoffs, the company reportedly said… “These layoffs at Greektown Casino-Hotel are the unfortunate result of COVID-19 related business […]]]> https://www.casinogaminginst.com/greektown-casino-hotel-in-detroit-to-lay-off-43-union-employees-from-sept-28-due-to-covid-19-pandemic-83484/feed 0 https://www.casinogaminginst.com/fiscal-office-of-general-assembly-predicts-connecticut-could-lose-over-68m-once-mgm-resorts-opens-35908 https://www.casinogaminginst.com/fiscal-office-of-general-assembly-predicts-connecticut-could-lose-over-68m-once-mgm-resorts-opens-35908#respond Wed, 12 Oct 2016 15:07:21 +0000 https://www.casinogaminginst.com/?p=35908

By fall of 2018, MGM Resorts International intends to open a casino near Springfield, Massachusetts. Two federally recognized tribes of the state warned legislators that the two casinos operated by the tribes would suffer due to the new venue. According to a new analysis by the fiscal office of the General Assembly, as much as […]]]> https://www.casinogaminginst.com/fiscal-office-of-general-assembly-predicts-connecticut-could-lose-over-68m-once-mgm-resorts-opens-35908/feed 0