{"id":17573,"date":"2024-03-22T15:36:24","date_gmt":"2024-03-22T15:36:24","guid":{"rendered":"https:\/\/instantcasinos.com\/?p=17573"},"modified":"2024-03-22T15:36:24","modified_gmt":"2024-03-22T15:36:24","slug":"mgm-resorts-to-make-decision-on-possibly-selling-massachusetts-ohio-casinos","status":"publish","type":"post","link":"https:\/\/instantcasinos.com\/blog\/2024\/03\/22\/mgm-resorts-to-make-decision-on-possibly-selling-massachusetts-ohio-casinos\/","title":{"rendered":"MGM Resorts To Make Decision On Possibly Selling Massachusetts & Ohio Casinos"},"content":{"rendered":"

MGM Resorts is reportedly debating the possibility of a sale for its casinos in Ohio and Massachusetts, after a disappointing stock performance.<\/strong><\/p>\n

MGM Resorts Debate Sale Of OH & MA Casinos<\/h2>\n

The two casinos in question are located in Northfield Park, Ohio and Springfield, Massachusetts and MGM Resorts is yet to confirm its stance on a sale.<\/p>\n

However, sources in and around the industry have suggested that MGM Resorts is now looking into the idea of selling both properties – but it is still in the early stages.<\/p>\n

The reasoning for the possible sale comes down to the underwhelming performance in the stock market, with both venues seeing little growth.<\/p>\n

Each casino has been in the positive region for profit and sales since 2022, as MGM Resorts continues to be a leading casino business in Las Vegas.<\/p>\n

Despite this dominance, MGM still want to develop as a leading operator in both LV and the global casino gambling market.<\/p>\n

The future of MGM resorts has been in discussion recently, as CEO, Bill Hornbuckle, spoke about the company’s expectations at a forum.<\/p>\n

MGM are planning on opening up for business in the UAE, Thailand and Asia as a whole – while also furthering their grasp in America and New York.<\/p>\n

Empire City Casino, owned by MGM Resorts, has brought huge success and the betting operator is preparing to secure three more casino licences – opening a new building in 2026.<\/p>\n

MGM opened its casino in Ohio during 2019, purchasing the building from Hard Rock and the site offers horse tracks\/casino betting.<\/p>\n

Similarly, the Massachusetts location began its tenure in 2018 after the state legalized casino gambling but has not followed the necessary requirements for success.<\/p>\n

Hornbuckle expected the Springfield site to reach a certain financial bracket, but he has now admitted that it has failed to meet these standards – despite making $278 million through gambling revenue.<\/p>\n

Visit Instant Withdrawal Casinos<\/a> for more on fast payouts in the casino industry.<\/p>\n","protected":false},"excerpt":{"rendered":"

MGM Resorts is reportedly debating the possibility of a sale for its casinos in Ohio and Massachusetts, after a disappointing stock performance. MGM Resorts Debate Sale Of OH & MA Casinos The two casinos in question are located in Northfield Park, Ohio and Springfield, Massachusetts and MGM Resorts is yet to confirm its stance on … <\/p>\n","protected":false},"author":60,"featured_media":17633,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[30],"tags":[],"class_list":["post-17573","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feature"],"acf":[],"yoast_head":"\nMGM Resorts Debating Possible Sale Of OH & MA Casinos<\/title>\n<meta name=\"description\" content=\"MGM Resorts is debating the possibility of selling its casinos in OHand MA, after a disappointing stock performance. 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