MGM Resorts is one of the biggest casino brands in the world and it is constantly looking for opportunities to expand into new markets and territories. It will come as no surprise to see that it has now entered the Ohio casino market, taking over the largest casino resort in the state – the Hard Rock Rocksino.
Recent moves by MGM Resorts
The gambling industry across the world has been changing rapidly as of late. In the United States the Supreme Court ended the federal ban on sports betting in May 2018. Significant countries such as Japan and Greece have legalized casino resorts and are currently accepting bids for these licenses.
There is more opportunity now than ever before for the likes of MGM Resorts to expand their influence globally.
One of their major moves in the US during 2018 was the opening of the MGM Springfield in Massachusetts. This was the first casino resort to be opened in the state and it came seven years after this type of casino was first legalized.
Almost $1bn (£750m) was invested in this project and it is estimated that the state will receive tax revenue of around $100m (£75m) annually from the casino. It will be a boost to tourism in the region and will see about 3,000 jobs created. The casino opened its doors for business on August 24, 2018.