MGM CEO admits Las Vegas hotel prices are too high, saying “shame on us.” The executive called for more affordable rates to attract visitors amid rising travel costs, signaling potential changes ahead.
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The estate of the late “Lioness” actor has filed a wrongful death lawsuit against MGM Resorts following a fatal cardiac event at one of their properties, USA Today reports. Legal proceedings are underway as details emerge.
MGM Resorts reported earnings below estimates, citing weak performance in its Las Vegas operations. The casino operator highlighted challenges in visitor spending amid a slower-than-expected recovery in the market.
MGM Resorts announced furloughs for 140 managers across its Las Vegas properties amid a significant business slump, aiming to cut costs as the hospitality sector faces ongoing challenges.