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The company's background can be traced to 1969, when airline and casino tycoon Kirk Kerkorian bought a controlling stake in the Metro-Goldwyn-Mayer (MGM) film studio. [14] In 1970 and 1971, Kerkorian struggled with debt from his acquisitions of MGM and Western Airlines, and was forced to sell a majority of his casino company, International Leisure, to Hilton Hotels at a steep discount.
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The program was later enhanced and became MGM Rewards to allow both gaming and non-gaming guests to earn credits towards rewards, including dining, entertainment, travel and hotel stays. [6] In 2012, Hornbuckle was appointed President of MGM Resorts International, and in 2019 he became Chief Operating Officer and President of MGM Resorts International.
As well as legal land-based gambling, those living in or visiting Michigan can now sign up and play at online casinos. On December 20, 2019, Governor Gretchen Whitmer signed Bill 4311 and legalized online gambling within state lines.
MGM Resorts (MGM) continues to focus on sports betting expansion. BetMGM announces the launch of BetMGM Casino in West Virginia.