MGM

MARRIOTT INTERNATIONAL AND MGM RESORTS INTERNATIONAL ANNOUNCE LONG-TERM LICENSE AGREEMENT AND CREATION OF "MGM COLLECTION WITH MARRIOTT BONVOY"

Retrieved on: 
Monday, July 17, 2023

BETHESDA, Md. and LAS VEGAS, July 17, 2023 /PRNewswire/ -- Marriott International, Inc. (Nasdaq: MAR) and MGM Resorts International (NYSE: MGM) announced today an exclusive long-term strategic licensing agreement and the creation of MGM Collection with Marriott Bonvoy, which will launch in October 2023, and encompass 17 of MGM's unrivaled resorts, representing more than 40,000 rooms in Las Vegas and other cities across the U.S.

Key Points: 
  • These resorts will continue to be available on MGM Resorts' channels, including MGMRewards.com and the MGM Resorts mobile app.
  • "This historic, long-term agreement brings together two of the most trusted and iconic brands in hospitality and entertainment," said Bill Hornbuckle, President and Chief Executive Officer, MGM Resorts.
  • Five MGM Resorts in other U.S. locations will also join MGM Collection with Marriott Bonvoy:  Borgata (Atlantic City, New Jersey), Beau Rivage (Biloxi, Mississippi), MGM Grand Detroit (Michigan), MGM National Harbor (Maryland), and MGM Springfield (Massachusetts).
  • Marriott Bonvoy members will enjoy benefits at MGM Collection with Marriott Bonvoy resorts and MGM Rewards members will receive certain benefits at Marriott Bonvoy's global portfolio of more than 8,500 properties, while members of both programs will also be able to exchange MGM Rewards points for Marriott Bonvoy points and vice versa.

MGM HOTEL & CASINO WORKERS VOTE UNANIMOUSLY TO JOIN TEAMSTERS

Retrieved on: 
Friday, June 30, 2023

WASHINGTON, June 30, 2023 /PRNewswire/ -- Parking ambassadors at the MGM National Harbor Hotel & Casino in Maryland have voted unanimously to join Teamsters Local 639.

Key Points: 
  • Workers Choose Teamsters Local 639 to Improve Pay, Working Conditions
    WASHINGTON, June 30, 2023 /PRNewswire/ -- Parking ambassadors at the MGM National Harbor Hotel & Casino in Maryland have voted unanimously to join Teamsters Local 639.
  • "Congratulations to the MGM National Harbor Hotel & Casino workers on their successful organizing victory," said Bill Davis, President of Local 639 in Washington, D.C. "These workers provide exceptional service to casino visitors and play a pivotal role in MGM's daily operations.
  • "We provide a key service for visitors at MGM National Harbor and deserve to be compensated fairly," said Steve Williams, parking ambassador at MGM National Harbor Hotel & Casino.
  • Teamsters Local 639 represents workers in a wide variety of industries throughout Washington, D.C., Maryland, and Virginia since 1934.

MGM RESORTS DONATES $25,000 TO SUPPORT LGBTQ+ ENTREPRENEURSHIP

Retrieved on: 
Thursday, June 29, 2023

LAS VEGAS, June 29, 2023 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") reaffirmed its commitment to supporting LGBTQ+ entrepreneurship businesses with a $25,000 donation to the Nevada Gay and Lesbian Chamber of Commerce (GLCCNV).

Key Points: 
  • LAS VEGAS, June 29, 2023 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") reaffirmed its commitment to supporting LGBTQ+ entrepreneurship businesses with a $25,000 donation to the Nevada Gay and Lesbian Chamber of Commerce (GLCCNV).
  • The donation was presented in a special ceremony during a Pride Month event held at MGM Grand's Level Up.
  • "MGM Resorts is honored to support the Nevada Gay and Lesbian Chamber of Commerce in their mission of uplifting LGBTQ+ community through entrepreneurship and opportunity," said Jyoti Chopra, Chief People, Inclusion & Sustainability Officer at MGM Resorts.
  • MGM Resorts has a longstanding commitment to fostering diversity, equity and inclusion and continues to advocate for these values within the company and communities in which it operates.

MGM Resorts International Announces Second Quarter 2023 Earnings Release Date

Retrieved on: 
Tuesday, June 27, 2023

LAS VEGAS, June 27, 2023 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") will release its financial results for the second quarter 2023 after the market closes on Wednesday, August 2, 2023.

Key Points: 
  • LAS VEGAS, June 27, 2023 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") will release its financial results for the second quarter 2023 after the market closes on Wednesday, August 2, 2023.
  • MGM Resorts will host a conference call that day at 5:00 p.m. Eastern Time, which will include a brief discussion of the results followed by a question and answer session.
  • In addition, supplemental slides will be posted prior to the start of the call on MGM's Investor Relations website at http://investors.mgmresorts.com .
  • The call will be accessible via the Internet through http://investors.mgmresorts.com/investors/events-and-presentations/ or by calling 1-888-317-6003 for domestic callers and 1-412-317-6061 for international callers.

Cybin Announces Appointment of Sanford R. Climan as Strategic Advisor

Retrieved on: 
Tuesday, June 27, 2023

Cybin Inc. (NYSE American:CYBN) (NEO:CYBN) (“Cybin” or the “Company”), a clinical-stage biopharmaceutical company committed to revolutionizing mental healthcare by developing new and innovative psychedelic-based treatment options, is pleased to announce that Mr. Sanford R. Climan has joined Cybin as a strategic advisor.

Key Points: 
  • Cybin Inc. (NYSE American:CYBN) (NEO:CYBN) (“Cybin” or the “Company”), a clinical-stage biopharmaceutical company committed to revolutionizing mental healthcare by developing new and innovative psychedelic-based treatment options, is pleased to announce that Mr. Sanford R. Climan has joined Cybin as a strategic advisor.
  • Widely viewed as a media visionary, Mr. Climan is an active venture investor, board member, and senior advisor to a wide range of transformational companies spanning healthcare, media, and technology.
  • Mr. Climan previously served as a member of the Advisory Committee to the Director of the Centers for Disease Control and Prevention.
  • Mr. Climan commented, “Cybin is a leader in the development of new therapeutics that have the potential to meaningfully impact the current crisis in mental health and wellness.

Eminence Capital Sends Open Letter to Entain Board of Directors Following Value Destructive Equity Offering

Retrieved on: 
Friday, June 16, 2023

Eminence Capital, LP (“Eminence,” “we” or “us”) today issued the following open letter to Entain plc’s (LSE: ENT) (“Entain” or the “Company”) Board of Directors (the “Board”) following the Company’s recently announced proposed acquisition of STS Holdings and concurrent equity offering.

Key Points: 
  • Eminence Capital, LP (“Eminence,” “we” or “us”) today issued the following open letter to Entain plc’s (LSE: ENT) (“Entain” or the “Company”) Board of Directors (the “Board”) following the Company’s recently announced proposed acquisition of STS Holdings and concurrent equity offering.
  • To the Board of Directors of Entain plc:
    Eminence currently has an economic interest (physical shares and total return swaps) of approximately 13.2 million shares of Entain, representing approximately 2.1% of the shares outstanding.
  • The market reaction to this equity offering should be a wake-up call to Entain’s tone deaf Board and management team.
  • Eminence will continue to make its voice heard in an effort to ensure Entain’s Board and management do not make any further value destructive decisions.

Korea Pavilion at US AUTOMATE 2023 Garners Significant Response

Retrieved on: 
Friday, June 16, 2023

SEOUL, June 16, 2023 /PRNewswire/ -- AUTOMATE 2023, renowned as the largest automation trade show in North America, was held from May 22nd to 25th in Detroit, Michigan.

Key Points: 
  • SEOUL, June 16, 2023 /PRNewswire/ -- AUTOMATE 2023, renowned as the largest automation trade show in North America, was held from May 22nd to 25th in Detroit, Michigan.
  • Korea Pavilion organized by Korea Association of Robot Industry(KAR) participated in this show, and received an overwhelmingly positive response; 9 companies in Korea Pavilion made their successful debuts at the show by presenting their flagship products and cutting-edge technologies.
  • In addition to this, we have already accomplished one of our main goals of participating in AUTOMATE 2023 : to enter Mexican market.
  • The official viewed Korean companies' participation in AUTOMATE 2023 as a significant milestone towards successful entry into the North American market.

Kyber Knight Capital Launches With a $120 Million Inaugural Fund

Retrieved on: 
Monday, June 12, 2023

SAN FRANCISCO, June 12, 2023 (GLOBE NEWSWIRE) -- Kyber Knight Capital, a pioneering new venture capital firm focused on pre-seed and seed investments in early stage technology start-ups, launched today with a $120 million inaugural fund.

Key Points: 
  • SAN FRANCISCO, June 12, 2023 (GLOBE NEWSWIRE) -- Kyber Knight Capital , a pioneering new venture capital firm focused on pre-seed and seed investments in early stage technology start-ups, launched today with a $120 million inaugural fund.
  • Senior financial industry titans from KKR, Oaktree, Apollo, Goldman Sachs, and New Enterprise Associates are also part of the Kyber Knight cap table.
  • Kyber Knight is also supported by institutional investors including consulting behemoth McKinsey, the Smithsonian Museum Endowment and a major California pension fund, among others.
  • Kyber Knight plans to invest in approximately 40 to 50 companies with its debut fund.

Diaoyutai MGM Hospitality's debuts with its first dual-brand project in Qingdao

Retrieved on: 
Monday, June 12, 2023

QINGDAO, China, June 12, 2023 /PRNewswire/ -- On June 10, Diaoyutai MGM Hospitality's inaugural dual-brand project, Diaoyutai Hotel Qingdao and MGM Qingdao, marked its official opening in Laoshan District, Qingdao.

Key Points: 
  • QINGDAO, China, June 12, 2023 /PRNewswire/ -- On June 10, Diaoyutai MGM Hospitality's inaugural dual-brand project, Diaoyutai Hotel Qingdao and MGM Qingdao, marked its official opening in Laoshan District, Qingdao.
  • Celebrating the theme of "Light and Shadow - Making a Beautiful City Dream Come True" at the breathtaking Qingdao Financial Center, the opening ceremony of Diaoyutai Hotel Qingdao and MGM Qingdao was a remarkable affair.
  • The collaborative effort marks Diaoyutai MGM Hospitality's debut under two distinct names, highlighting its investment and management by SID (Qingdao) Investment Development.
  • Diaoyutai Hotel Qingdao draws inspiration from the timeless elegance of ancient Chinese architecture and the exquisite pavilions found in classical gardens.

Roku Announces the Election of Jeff Blackburn to its Board of Directors

Retrieved on: 
Thursday, June 8, 2023

Roku, Inc. (NASDAQ: ROKU) announced it has expanded its Board of Directors with the election of Jeff Blackburn, who has a strong background in digital media and entertainment, at the company’s annual shareholder meeting.

Key Points: 
  • Roku, Inc. (NASDAQ: ROKU) announced it has expanded its Board of Directors with the election of Jeff Blackburn, who has a strong background in digital media and entertainment, at the company’s annual shareholder meeting.
  • “Jeff’s extensive experience in digital media and technologies makes him a great addition to our Board of Directors,” said Roku Founder and CEO Anthony Wood.
  • Prior to joining Amazon, Blackburn was an investment banker, holding positions at Morgan Stanley and Deutsche Bank.
  • Roku previously filed a proxy statement on April 27, 2023, where it announced the proposed change to its Board of Directors to shareholders.