Organizations

MGM Resorts

MGM Resorts to lay off 18,000 furloughed U.S. employees

MGM Resorts to lay off 18,000 furloughed U.S. employees

Source: Reuters
Date of Publication: August 28th, 2020
Casino operator MGM Resorts International (MGM.N) informed its staff on Friday it would lay off 18,000 furloughed employees in the United States as the coronavirus-induced travel curbs hurt its operations.
MGM Resorts Revenue Falls 91%

MGM Resorts Revenue Falls 91%

By: Katherine Sayre
Source: The Wall Street Journal
Date of Publication: July 30th, 2020
MGM Resorts International posted a 91% decline in quarterly revenue, the latest casino operator to reveal the continuing financial blow of pandemic shutdowns and curtailed global travel on the gambling industry.