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The Latest Breaking News from MGM

Caesars, MGM, and the Famed Las Vegas Strip Have a New Rival

A new player has emerged and Las Vegas visitors may opt to check it out instead of staying on The Strip.

The Street

Caesars Likely to Sell an Iconic Las Vegas Strip Casino

The casino operator plans a move that may surprise MGM (and the rest of its rivals).

The Street

Sony To Snap Haven Entertainment Studios For Undisclosed Sum

Sony Group Corp (NYSE:SONY) Sony Interactive Entertainment LLC agreed to acquire Haven Entertainment Studios Inc. The financial terms of the transaction remain undisclosed. Haven was a development studio formed by developer Jade Raymond, founder of Ubisoft Toronto and Motive Studios and one of the creative forces behind the blockbuster Assassin’s Creed franchise. Also…

Benzinga

From analysis to the latest developments in health,
read the most diverse news in one place.

DraftKings, FanDuel Distancing Themselves From The Competition In Online Sports Betting

Online gaming stocks have taken a big hit in recent months, but Bank of America analyst Shaun Kelley said Monday that U.S. digital gross gaming revenue (GGR) was up 58% in the month of February.

Benzinga

Amazon Closes $8.45Bln MGM Studio Acquisition

Amazon.com Inc on Thursday said it had closed its $8.5 billion deal to buy Metro-Goldwyn-Mayer (MGM) media company, combining the fabled moviemaker with the online retailing giant as it looks to draw consumers through more streaming video A press statement said the storied, nearly century-old studio—with more than 4,000 film…

Asharq Al-Awsat

Las Vegas Gets a Huge Sporting Event (Along With the Super Bowl)

Sin City has become a major location for the sporting world and that's great news for Caesars and MGM which dominate the iconic Las Vegas Strip.

The Street

Benchmark Remains Cautious On Netflix - Read Why

Benchmark analyst Matthew Harrigan reiterated his Hold rating on Netflix Inc (NASDAQ:NFLX). Harrigan remains cautious on the stock citing elevated global streaming competition and possible overseas member growth fallout from geopolitical uncertainty, even excluding de minimis direct effect from exiting Russia. Also Read: Evercore ISI Sees 44% Upside In Netflix, Reiterates Rating, Amazon Consummates MGM Deal Post Clean Chit From Regulators…

Benzinga

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Amazon Prime Members About to Get a Ton of New Content

The streaming service is now a legitimate competitor for "best site for film snobs.'

The Street

Amazon Can't Get Streaming Right. Will Buying MGM Change That?

Amazon needed help to become a major streaming player, and now it has it.

The Street

Regulator Defers MGM Stakeholder's Nevada Gaming License By 1 Month

Nevada Gaming Commission shelved MGM Resorts International (NYSE:MGM) stakeholder Barry Diller’s licensing by a month until an April commission meeting, the Wall Street Journal reports. The move coincided with insider-trading investigations by federal authorities into his share purchases of Activision Blizzard Inc (NASDAQ:ATVI). In 2020, Diller and his internet holding company, IAC/InterActiveCorp (NASDAQ:IAC), admitted spending over $1 billion for…

Benzinga

Russia averts default on foreign dollar-denominated bond payments

Russia has reportedly made $117 million in bond payments, managing so far to avoid its first default on foreign debt since 1918. Billions more are due within weeks as sanctions continue to hammer the Russian economy in response to the war in Ukraine. Plus, Amazon closes in on its acquisition…

France 24

Amazon acquires MGM for $8.5 billion

This merger comes shortly after Amazon raised the price of its Prime membership for the first time since 2018

Salon

It's official: MGM belongs to Amazon now

After months of parsing through the fine details, Amazon officially owns the legacy media empire.

Input

Amazon closes $8.5-billion purchase of MGM, giving it broader sway in Hollywood

Amazon has closed its $8.5-billion acquisition of movie and TV studio MGM, the companies said Thursday.

Los Angeles Times

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The Street

Another Big Sports Team Likely to Land on the Las Vegas Strip

The Las Vegas Golden Knights and Raiders may soon have some company and that's very good new for Strip leaders Caesars and MGM.

AFP

Amazon says MGM studios buyout is complete

Washington (AFP) - Amazon has closed its $8.45 billion deal to buy the storied MGM studios, the online giant said Thursday, boosting its streaming ambitions with a catalog including the James Bond and Rocky film franchises.

Benzinga

Amazon Consummates MGM Deal Post Clean Chit From Regulators

Amazon.com Inc (NASDAQ:AMZN) closed the $8.5 billion acquisition of film studio Metro-Goldwyn-Mayer after a clean chit from the U.S. FTC and EU. The EU contended that the deal would not hamper competition as the two companies did not significantly overlap in content production, the Wall Street Journal reports. The FTC also did not…

The Independent UK

Amazon lands rights to catalogue of 4,000 films and 17,000 TV episodes as MGM deal finalised

Including James Bond, ‘Rocky’ and ‘The Pink Panther’...

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The Independent UK

Amazon closes $8.5B deal to acquire Hollywood studio MGM

Amazon has closed its $8.5 billion acquisition of Hollywood studio MGM, two days after European regulators said the deal “would not significantly reduce competition” in European markets

The Street

Las Vegas Casino Player Makes a Big Play In Sports Betting

The company wants to target an audience that Caesars and MGM may struggle to reach.

The Independent UK

EU regulators clear Amazon's $8.45 billion purchase of MGM

European regulators have cleared Amazon’s purchase of Hollywood studio MGM, saying the deal doesn’t raise any competition concerns

The Street

Why Fontainebleau Could Become a Las Vegas Strip Casino Leader

A new mega-casino on the North Las Vegas Strip has its sites set on business dominated by Caesars and MGM.

The Street

Las Vegas Casinos Get Some Potentially Bad News

Caesars and MGM have made a huge comeback on the Las Vegas Strip but there's a potential storm cloud coming.

The Street

Another New Casino Coming to Las Vegas (It's 20 Years in the Making)

Sin City has a huge construction boom and it's not just the big Las Vegas Strip players Caesars and MGM that are making moves.

Benzinga

Stock Wars: MGM Resorts International Vs. Wynn Resorts

Benzinga’s weekly Stock Wars matches up two leaders in a major industry sector with the goal of determining which company is the better investment.

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