Casino offers $1 billion bonanza for players

Las Vegas-based casino operator MGM Resorts International has announced that it will be showering its players with a $1 billion bonus bonanza. The move, which is being billed as the largest in casino history, is aimed at boosting MGM's share of the global gaming market.

The bonus bonanza will be offered in the form of refunds on all losses incurred by players at MGM's properties between September 1st and December 31st of this year. In order to be eligible for the refund, players must have wagered at least $250 during the promotional period.

MGM has also announced that it will be increasing its match bonuses and other rewards programs for high rollers. The company is hoping that the bonus bonanza will help it to catch up to its rivals in terms of market share.

The global gaming market is currently worth an estimated $500 billion, and is expected to grow by another 10% over the next year. In 2017, MGM Resorts International generated revenue of $10.8 billion, making it one of the world's largest gaming operators.

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