Subscribe to our Daily Digest e-mail
MGM strikes agreement for casino in PG County

MGM Resorts International struck an agreement on Friday to build a casino destination at the National Harbor waterfront complex near the nation’s capital, if lawmakers end up allowing the casino and table games like blackjack while also cutting the state’s high tax on gambling proceeds.

share

MGM Resorts

10/17/2014

article MGM to sell Gold Strike Hotel & Gambling Hall
(Las Vegas) -- MGM Resorts International officials announced Thursday that the company plans to sell the Gold Strike Hotel & Gambling Hall to a company owned by...

10/16/2014

article MGM Resorts selling Gold Strike in Jean
(Nevada) -- MGM Resorts International is selling another casino. MGM announced today it has entered into an agreement to sell the Gold Strike in Jean to JETT Gaming, a...
article MGM Resorts sells Gold Strike to JETT Gaming
(Nevada) -- MGM Resorts International said Thursday it agreed to sell the Gold Strike in Jean to JETT Gaming, a company owned by members of the Herbst family. A sales...

10/13/2014

article From 2,500 Miles Away, an Online Gambling for New York
(New York) -- The postings, with their populist tone, started appearing on Facebook and Twitter a few weeks ago. Their message was simple: If people in New Jersey can...

10/10/2014

article MGM Resorts International Lifted to “Buy” at Craig Hallum (MGM)
(Wall Street) -- MGM Resorts International logoCraig Hallum upgraded shares of MGM Resorts International (NYSE:MGM) from a hold rating to a buy rating in a research...

10/5/2014

article Gambling equals big bucks
(Las Vegas) -- Did you hear that MGM Resorts International — purveyors of the M Life customer loyalty program — is suing a medical marijuana company calling...

10/2/2014

article MGM’s Las Vegas Arena good for Strip’s recovery: analyst
(Las Vegas) -- MGM Resorts International and Anschutz Entertainment Group Inc (AEG) on Wednesday announced a US$200 million bank facility to fund the development and...

9/30/2014

article MGM Resorts Considers Fantasy Sports Investment, CEO Says
(Las Vegas) -- MGM Resorts International (MGM), the largest operator of casinos on the Las Vegas Strip, is considering investing in fantasy sports leagues, Chief...

9/28/2014

article Shining on Major News: MGM Resorts (NYSE:MGM), Zynga Inc (NASDAQ:ZNGA)
(Wall Street) -- CASINO giant MGM Resorts International (NYSE:MGM) says the M’Life name obtained by a Las Vegas marijuana dispensary is too close to the resort...

9/24/2014

article MGM Resorts files trademark lawsuit against pot company
(Nevada) -- With the medical marijuana industry in Nevada on the horizon, gaming giant MGM Resorts International is going to court against a pot company for trademark...

9/23/2014

article NAC fines Jones, Cormier for brawl in MGM Grand lobby
(Las Vegas) -- Ultimate Fighting Championship light heavyweight stars Jon Jones and Daniel Cormier each took a slightly different approach in answering to the Nevada...

9/12/2014

article MGM Resorts Gets Approval to Regain 50% Stake in Borgata - Analyst Blog
(Atlantic City) -- MGM Resorts International ( MGM ) has received approval from casino regulators in New Jersey to keep its 50% stake in Borgata Casino and Spa. This...

9/11/2014

article MGM received regulatory approval on Wednesday to re-enter Atlantic City’s casino business and reclaim its 50% stake in Borgata
(Atlantic City) -- MGM Resorts International (MGM) gained regulatory approval from New Jersey Casino Control Commission to re-enter Atlantic City’s casino business...
article New Jersey Lets MGM Keep Half of Borgata Casino
(Atlantic City) -- New Jersey casino regulators on Wednesday let MGM Resorts MGM +0.25% back into the Atlantic City casino market. The Casino Control Commission voted to...

9/10/2014

article MGM Resorts cleared to re-enter ailing Atlantic City market
(Atlantic City) -- MGM Resorts International won regulatory permission on Wednesday to re-enter the Atlantic City casino market after a 20-month investigation focusing...
article How Are MGM's U.S. Slots Operations Trending?
(New York) -- MGM Resorts, unlike other casino operators, derives a majority of its revenues from its U.S. operations. Around 40% of these revenues are generated from...

9/9/2014

article While others exit, MGM wants back in to Atlantic City gambling
(Atlantic City) -- As other companies abandon the New Jersey gambling hub of Atlantic City, MGM Resorts International could learn on Wednesday whether it will be allowed...
article New Jersey might rule on Pansy Ho this week
(New Jersey) -- MGM Resorts International – 51 percent owner of Macau casino operator MGM China Holdings Ltd – could find out on Wednesday whether it will be...

9/8/2014

article MGM return on Casino Control Commission agenda this week
(New Jersey) -- The Casino Control Commission plans on Wednesday to consider the request of MGM Resorts International to return to Atlantic City and reacquire its stake...

9/6/2014

article MGM Resorts makes promotion, appointment
(Mississippi) -- Allison Smith Mitchell has been promoted to vice president of human resources Southern Operations, which includes Beau Rivage in Biloxi and Gold Strike...

9/5/2014

article Developer buying Railroad Pass from MGM
(Nevada) -- The state’s oldest continuously operated casino is changing hands. Railroad Pass is being acquired by Henderson-based commercial real estate developer...

9/1/2014

article MGM tapping into craft beer festivals
(Las Vegas) -- For the past year, beer festival organizer Motley Brews in Las Vegas has cornered the local beer fest market. Motley Brews drew 5,500 suds lovers to the...

8/24/2014

article New Hampshire couple wins long-awaited $2.4M jackpot at Las Vegas 'Lion's Share' machine
(Las Vegas) -- The most infamously stingy slot machine in Las Vegas has finally given up its bounty. A lucky New Hampshire couple will return from their Vegas vacation...
article US couple win slot machine's $2.4m jackpot after 20 years of waiting
(Las Vegas) -- An American couple have scooped $2.4m (£1.45m) after winning the most anticipated jackpot in Las Vegas slot machines. Walter and Linda Misco from...

8/23/2014

article Famously stubborn Vegas slot machine gives up $2.4 million jackpot
(Las Vegas) -- A pair of grandparents from New Hampshire has won $2.4 million at a notoriously stubborn MGM Grand slot machine. Walter Misco played for about five...
article Jackpot ends era of MGM slot machine
(Las Vegas) -- The legend of the Lion’s Share slot machine at the MGM Grand is at an end. After years of hoarding its progressive jackpot and gaining international...
article Man takes wife’s advice; wins $2.4 million
(Las Vegas) -- Walter Misco said it pays to listen to your wife. It paid off huge, in fact, about 11 p.m. Friday when he won $2.4 million on the MGM Grand’s Lion...
article New Hampshire couple got lucky in slot machine
(New Hampshire) -- MGM Grand slot machine winnerAt a notorious stubborn slot machine of MGM Grand, a couple that happened to be grandparents from New Hampshire won a...

8/22/2014

article MGM Settles Allegations In New Jersey To Regain Gaming License
(New Jersey) -- MGM Resorts International and Tracinda Corp. have agreed to pay a total of $225,000 to settle lingering allegations that the two entities violated New...
article MGM settles claim in prelude to N.J. licensing case
(New Jersey) -- MGM Resorts International and the investment arm of company founder Kirk Kerkorian have agreed to pay a $225,000 settlement to New Jersey regulators in a...

8/21/2014

article MGM working to regain Atlantic City casino license as future of gaming in Massachusetts remains unclear
(Massachusetts) -- With a ballot proposal to repeal the entire Massachusetts casino law still hanging over the already approved MGM Resorts International casino in...

8/19/2014

article MGM Resorts to pay settlement in effort to regain N.J. gaming license
(New Jersey) -- MGM Resorts International and the investment arm of company founder Kirk Kerkorian will pay a combined $225,000 to New Jersey gaming regulators as part...
article 80,000 nonemployees download MGM staff’s healthy eating app
(USA) -- MGM Resorts International em­­ployees who want to eat healthy while at work can check their progress on their smartphones. So can lots of others, it...

8/18/2014

article MOTLEY FOOL: 5 Things MGM Resorts' Management Wants You to Know
(New York) -- These words were spoken by MGM Resorts International (NYSE: MGM ) CEO James Murren in the conference call following the company's second-quarter...
article Turnaround story unfolds for MGM Resorts International
(Las Vegas) -- A few years ago, when the recession had a firm chokehold on the casino industry, MGM Resorts International was a mess. CityCenter opened in December 2009...

8/14/2014

article MGM Resorts: Place Your Bet
(Las Vegas) -- Travel & tourism is one of the most heavily cyclical industries. When times are tough, the first thing many families cut back on is the expensive...

8/10/2014

article Active Watch List : MGM Resorts International (NYSE:MGM), Zynga (NASDAQ:ZNGA)
(Wall Street) -- MGM Resorts International (NYSE:MGM) will build an outdoor events venue on the north Strip. The complex will be on 39 acres at the southwest corner of...

8/9/2014

article Vegas Wire: MGM's casinos on Strip retake winning streak from Macau
(Las Vegas) -- MGM Resorts International’s single casino in Macau has carried the company in recent quarterly reporting periods. But not for the three-month...

8/5/2014

article MGM Resorts returns to profit in 2nd quarter
(Las Vegas) -- MGM Resorts International, the owner of such iconic Strip properties as the MGM Grand, Bellagio and New York-New York, announced its second-quarter...
article MGM Resorts reverses second quarter net loss
(Las Vegas) -- MGM Resorts International reversed a second-quarter net loss thanks to results from the company’s Strip resorts.
article Strip properties power MGM earnings
(Las Vegas) -- MGM Resorts International’s single casino in Macau has carried in the company in recent quarterly reporting periods. But not for the three-month...
article Vegas is back! MGM is winning big in U.S.
(Las Vegas) -- Don't go all in on Macau just yet. The Chinese gambling mecca gets all the hype these days, but it was actually fireworks in Vegas that carried MGM...

8/2/2014

article MGM Grand goes local for chocolaty turndown service
(Detroit) -- MGM Grand Detroit is buying hundreds of thousands of chocolates from Clinton Township-based Sanders & Morley Candy Makers Inc.

7/17/2014

article MGM China 2Q EBITDA likely below consensus: analyst
(China) -- Union Gaming Research LLC is forecasting casino operator MGM China Holdings Ltd to post earnings before interest, taxation, depreciation and amortisation (...

7/16/2014

article MGM connects veterans with potential employers
(Las Vegas) -- MGM Resorts is looking for a few good men and women. The gaming giant hosted a job fair for military veterans to help veterans connect with potential...

7/8/2014

article MGM Resorts job fair to serve military veterans
(Las Vegas) -- Military veterans have a new enlistment opportunity ahead as MGM Resorts prepares to host a job fair this month.

7/7/2014

article MGM Resorts may borrow on credit line when building new casinos
(Maryland) -- MGM Resorts International may use a revolving credit line to supplement cash spending for building casinos in Maryland and Massachusetts, according to...

7/2/2014

article MGM Resorts sets plans for 40-acre recreation park hosting Rock in Rio and more
(Las Vegas) -- Except for potential parking problems, it should be a smooth zoning-approval process now that MGM Resorts International has set out its plans for the 40-...

6/21/2014

article Flawed Harmon hotel tower on Las Vegas Strip being dismantled; process expected to take 1 year
(Las Vegas) -- Crews have started dismantling the structurally flawed Harmon casino tower on the Las Vegas Strip, a process that's been delayed for years as the...
article MGM begins dismantling of structurally flawed Harmon hotel tower on Las Vegas Strip
(Las Vegas) -- Crews have started dismantling the structurally flawed Harmon hotel tower on the Las Vegas Strip, a process that's been delayed for years as the owner...

6/11/2014

article OSHA investigating employee's death at MGM Grand in Las Vegas
(Las Vegas) -- A federal investigation is underway into an accident that killed an employee at the MGM Grand hotel-casino on the Las Vegas Strip.

6/9/2014

article Gaming Commission to evaluate MGM’s project
(Massachusetts) -- The Massachusetts Gaming Commission will be in Springfield this week to potentially make MGM the first resort style casino company in the commonwealth.
article MGM nears final ruling on bid to become Massachusetts’ first licensed casino operator
(Massachusetts) -- MGM Resorts International is nearing a final ruling on its bid to become Massachusetts’ first licensed casino operator, with a proposed $800...

6/8/2014

article Nasal strip puts MGM Grand in winner’s circle
(Las Vegas) -- California Chrome’s Triple Crown bid took it on the nose Saturday but an MGM Grand marketing move paid off nicely. During a recent breakfast in San...

5/31/2014

article Inside Gaming: U.S. Gaming Revenue Up, MGM Sitting Tight, and John Daly’s Degeneracy
(USA) -- A recent study by the accounting and professional consulting firm RubinBrown LLP reports commercial and tribal casinos in the United States generated $66.3...
article INSIDE GAMING: MGM Resorts Takes Cautious Approach to Actual Real Money Internet Gaming
(Las Vegas) -- MGM Resorts International supports the legalization of online wagering in the U.S. The casino giant holds an interactive gaming license in Nevada.
article Insider Selling: MGM Resorts International EVP Unloads 5,687 Shares of Stock (MGM)
(Wall Street) -- MGM Resorts International logoMGM Resorts International (NYSE:MGM) EVP Christopher W. Nordling unloaded 5,687 shares of MGM Resorts International stock...

5/29/2014

article MGM Resorts Appoints New Compliance Committee Member
(Las Vegas) -- MGM Resorts International, a global hospitality company, has appointed Thomas Auriemma to its compliance committee, which is composed entirely of...

5/27/2014

article MGM Resorts takes cautious approach to actual real money Internet gaming
(Las Vegas) -- MGM Resorts International supports the legalization of online wagering in the U.S. The casino giant holds an interactive gaming license in Nevada.

5/22/2014

article Macau Remains The Key For MGM's Casino Operations, The Strip Is All About Hotels
(Macau) -- MGM Resorts in the first quarter posted its best quarterly performance since 2008. Net revenues increased by 12% to $2.63 billion and EBITDA (earnings before...

5/21/2014

article Macau Remains The Key For MGM’s Casino Operations, The Strip Is All About Hotels
(Macau) -- MGM Resorts in the first quarter posted its best quarterly performance since 2008. Net revenues increased by 12% to $2.63 billion and EBITDA (earnings before...

5/9/2014

article Plans move ahead for National Harbor’s MGM casino
(Maryland) -- After reviewing design plans for a planned MGM casino and hearing testimony from supporters and opponents of the project during a hearing Thursday in Upper...

5/8/2014

article MGM’s Vegas project not just any old walk in The Park
(Las Vegas) -- Days before it breaks ground on a new, $350-million arena just off the Las Vegas Strip, MGM Resorts International has announced plans for a tree-lined...
article MGM looking to Seaport District for a hotel
(Massachusetts) -- The ambitions of MGM Resorts in Massachusetts go beyond the company’s proposed $800 million Springfield casino. The casino giant is also...

5/5/2014

article MGM’s Park and the Future of the Strip
(Las Vegas) -- Jim Murren is playing the long game on the Strip. “We have a very strong feeling of what Las Vegas is going to look like five to 10 years from now,...
article 24 people injured in stampede at MGM after Mayweather win
(Las Vegas) -- Twenty-four people were transported to the hospital from MGM after being trampled in a crowd of panic after a loud noise occurred Saturday night.

5/4/2014

article 24 people injured in stampede at MGM after Mayweather win
(Las Vegas) -- Twenty-four people were transported to the hospital from MGM after being trampled in a crowd of panic after a loud noise occurred Saturday night.
article A Stampede at the MGM Grand
(Las Vegas) -- Soon after the Floyd Mayweather victory over the Marcos Maidana Saturday night, people started to spill out of the MGM Grand Garden Arena -- all ten...
article Loud noise probably sparked MGM stampede that injures 60
(Las Vegas) -- Sixty people were treated for injuries Saturday night in a stampede in a hallway just outside the MGM Grand Garden. The mass casualty situation happened...
article MGM Grand Shooting? Fight, ‘Riot’, and Gunfire Reported at Garden Arena and Casino After Floyd Mayweather-Marcos Maidana Fight
(Las Vegas) -- Reports on Saturday night said there was a “riot” and shots were fired at the MGM Grand Garden Arena in Las Vegas after the Floyd Mayweather-...

5/3/2014

article MGM Resorts, AEG break ground on 20K-seat arena on Las Vegas Strip
(Las Vegas) -- Officials have broken ground on a 20,000-seat arena along the Las Vegas Strip that's expected to improve the city's chances of attracting...

5/2/2014

article MGM Resorts arena will be a rockin’ venue in every which way
(Las Vegas) -- Combat or festival? This is one of the overarching questions for the new MGM Resorts arena as the groundbreaking of the 20,000-seat facility was...
article MGM Resorts unveils plans for The Park, forms joint venture with Hakkasan Group
(Las Vegas) -- MGM Resorts International has unveiled expanded plans and the first look at programming for The Park, a dynamic open-air, dining and entertainment...

5/1/2014

article MGM’s new arena won’t stop Goodman from pursuing facility downtown
(Las Vegas) -- As ground is broken today on a privately funded arena on the Strip, Las Vegas Mayor Carolyn Goodman remains adamant that a downtown stadium will be built...
article MGM details $80 million rebranding of The Hotel to Delano Las Vegas
(Las Vegas) -- MGM Resorts International released details Wednesday about the $80 million transformation of the The Hotel into the Delano Las Vegas, which includes...
article Reservations open at reinvented Delano hotel at Mandalay Bay
(Las Vegas) -- MGM Resorts says it's now accepting reservations at Delano Las Vegas, the reinvented hotel formerly known as THEhotel at the Mandalay Bay.

4/29/2014

article Q+A: MGM Resorts chief talks more parks on the Strip, pro sports team for new arena
(Las Vegas) -- Fast on the heels of MGM Chairman and CEO Jim Murren’s revelations Monday morning about the new Park and arena expanding behind New York-New York...
article MGM China Profit Misses Estimates as High Rollers Bet Less
(New York) -- MGM China Holdings Ltd. (2282), the Macau casino operator, reported first-quarter profit that missed analyst estimates as high-rolling gamblers spent less...
article MGM Resorts 1Q profit leaps on Macau strength
(New York) -- MGM Resorts International's first-quarter net income soared, bolstered by continued strength in Macau and improved room bookings on the Las Vegas Strip.
article MGM Resorts posts best quarterly operating performance since 2008
(Wall Street) -- MGM Resorts International on Tuesday reported its best quarterly operating performance in six years. Now, the casino company, whose Strip holdings...
article MGM Resorts Profit Surges on Revenue Growth, Continued Macau Strength
(New York) -- MGM Resorts International said its first-quarter profit surged on continued strength from its Macau operations, as well as lower expenses and more...
article MGM Resorts Shares Soar On Huge Income Growth
(New York) -- Stocks were rising across the casino industry Tuesday, making up prior day losses after a number of analysts lowered April daily revenue estimates for...
article MGM Resorts’ profits, revenues rise, aided by Macau casino
(New York) -- Boosted by results from its Macau casino, MGM Resorts International substantially grew its first quarter profits and revenues.

4/28/2014

article MGM aims to make a bit of the Strip a more interesting place to walk and play
(Las Vegas) -- MGM Resorts International today will unveil detailed plans for an eight-acre outdoor destination on the Strip that will connect the New York-New York and...
article MGM announces restaurant lineup, details for Strip plaza
(Las Vegas) -- MGM Resorts International today unveiled expanded plans for The Park, a project that will transform the Strip-facing fronts of New York-New York and Monte...

4/21/2014

article MGM Resorts, Cirque to build 33-acre, open-air venue to host Rock in Rio in Las Vegas
(Las Vegas) -- Rock in Rio, one of the world’s largest music festivals, is set for Las Vegas in May 2015 and is a partnership among MGM Resorts International,...

4/17/2014

article AEG-MGM arena project to break ground May 1
(Las Vegas) -- Entertainment powerhouse company AEG and MGM Resorts International — partners on a $350 million, 20,000-seat arena behind New York-New York on the...

4/14/2014

article MGM Resorts International Given Outperform Rating at Zacks (MGM)
(Wall Street) -- MGM Resorts International logoMGM Resorts International (NYSE:MGM)‘s stock had its “outperform” rating reiterated by Zacks in a report...
article MGM to Bring Tom's Urban, Shake Shack to Vegas - Analyst Blog
(Wall Street) -- As a part of the post-recessionary strategy, Las Vegas casino resorts are aggressively marketing its new convention facilities to cater to the customers...

4/11/2014

article Boxing promoter Bob Arum: MGM disrespected my fighters
(Las Vegas) -- A day after throwing verbal roundhouse punches at the MGM Grand for having more signs advertising the Floyd Mayweather-Marcos Maidana fight on May 3rd...

3/25/2014

article STUTZ: Time helps change perspective of analysts on MGM Resorts
(Las Vegas) -- Earlier this month, MGM Resorts International Chairman and CEO Jim Murren participated in the annual J.P. Morgan Gaming, Lodging, Restaurant and Leisure...

3/23/2014

article STUTZ: Time helps change analysts’ perspective on MGM Resorts
(Las Vegas) -- Earlier this month, MGM Resorts International Chairman and CEO Jim Murren participated in the annual J.P. Morgan Gaming, Lodging, Restaurant and Leisure...

3/18/2014

article Thunder Valley sets marketing deal with MGM’s Las Vegas casinos
(California) -- Thunder Valley Casino announced a marketing alliance today with MGM Resorts International, giving rewards-card members benefits at famous MGM casinos in...

3/14/2014

article MGM, Pinnacle team up on marketing efforts
(Las Vegas) -- MGM Resorts International and Pinnacle Entertainment announced a partnership Thursday between the casino companies’ customer loyalty programs.

3/13/2014

article MGM Resorts International PT Raised to $34.50 (MGM)
(Las Vegas) -- MGM Resorts International logoMGM Resorts International (NYSE:MGM) had its price target upped by Citigroup Inc. from $32.00 to $34.50 in a research note...
article MGM Resorts International's M life and Pinnacle Entertainment Create Strategic Marketing Relationship to Expand Member Benefits
(Las Vegas) -- MGM Resorts International MGM -0.82% and Pinnacle Entertainment PNK -1.59% today announced a strategic marketing partnership for the companies'...

3/4/2014

article STUTZ: Big rewards in China create flexibility for MGM Resorts
(Las Vegas) -- MGM Resorts International is showing investors what a 51 percent ownership stake in its publicly traded Chinese subsidiary means financially to the casino...

3/3/2014

article MGM Resorts named top place for women to do business
(Las Vegas) -- MGM Resorts International has been named a top place for women to do business.

2/25/2014

article MGM envisions spending up to USD10b on Japanese casino
(Japan) -- MGM Resorts International, the largest casino operator on the Las Vegas Strip, said it’s ready to spend USD5 billion to $10 billion in Japan, a day...

2/23/2014

article MGM Is a Much Better Company Today, but Does It Outperform Peers?
(Las Vegas) -- The casino industry had a whirlwind 2013, and 2014 may be just as good if not better. One of the sector's biggest winners last year was MGM Resorts...

2/20/2014

article MGM Resorts chairman: 2013 ‘best operating performance since recession’
(Las Vegas) -- MGM Resorts International ended 2013 on an upbeat note. Chairman Jim Murren told investors Wednesday that 2014 is off to an equally good beginning. The...
article MGM Resorts’ Losses Shrink Over Macau Gambling Growth
(Macau) -- MGM Resorts recently reported its Q4 2013 earnings. The net revenues increased by 10% to $2.51 billion and EBITDA (earnings before interest, taxes,...

2/19/2014

article MGM China Beats Profit Estimates After Drawing More VIP Gamblers
(Macau) -- MGM China Holdings Ltd. (2282), the Macau casino operator, boosted fourth-quarter profit 35 percent, beating analyst estimates, as it drew more high-stakes...
article MGM Resorts Quarterly Loss Narrows as Betting Rises in Macau
(Wall Street) -- MGM Resorts International (MGM:US), the largest casino operator on the Las Vegas Strip, said its loss narrowed in the fourth quarter as results improved...
article MGM Resorts revenues up 9.5 percent in fourth quarter; net loss reduced
(Las Vegas) -- MGM Resorts International ended 2013 by reducing its quarterly net loss while reporting a 9.5 percent increase in revenues.

2/13/2014

article MGM adds 27 charging stations for electric cars
(Las Vegas) -- Casino giant MGM Resorts International wants you to be able to charge your electric car while you gamble. The company is installing 27 car charging...
article MGM Resorts arena will rely on adjacent properties for parking
(Las Vegas) -- MGM Resorts International, partnering with entertainment company AEG on a 19,500-seat arena project on the Strip, plans to use its existing hotel-casino...

2/11/2014

article MGM Resorts adding charging stations for electric vehicles
(Las Vegas) -- Drivers of electric vehicles will soon find 27 new charging stations at nine MGM Resorts International properties along the Las Vegas Strip.

2/10/2014

article MGM backs online gaming campaign
(Las Vegas) -- Gaming and hospitality company MGM Resorts has thrown its support behind a campaign against a federal online gambling ban in the US.

2/8/2014

article Gaming agents say they were blocked from observing game at Aria
(Las Vegas) -- The state Gaming Control Board today filed a complaint against MGM Resorts International for barring agents from one of its Las Vegas casinos.
article MGM faces fines for blocking gaming agent access
(Las Vegas) -- The Gaming Control Board filed a two-count complaint Friday against the Aria Hotel-Casino and MGM Resorts International for blocking two state gaming...

1/10/2014

article MGM 2014 Outlook Points to Overall Growth and Recovery
(Las Vegas) -- Looking for investment ideas for the new year? Consider MGM Resorts, is the word coming down from gaming analysts who are bullish on the gaming outfit.

1/6/2014

article It could be time to roll the dice on MGM
(Canada) -- Investors are doubling down on casino operator MGM Resorts International as part of a larger bet on a recovery in the global gambling market.

1/5/2014

article Inside Gaming: Sunny days may be ahead for MGM Resorts
(Las Vegas) -- In a recent research note, J.P. Morgan gaming analyst Joe Greff said MGM Resorts International offers “fresh ideas” for stock investors...

1/4/2014

article MGM Resorts hosting job fair to staff for summer pool season
(Las Vegas) -- MGM Resorts International is hosting a seasonal job fair next week to staff-up for the busy Las Vegas summer pool season. The company will fill some 700...

1/1/2014

article MGM shareholder suit dismissal upheld
(Nevada) -- The Nevada Supreme Court on Tuesday upheld the dismissal of shareholder complaints against several current and former officers and directors of MGM Resorts...

12/31/2013

article MGM Resorts becomes first company to file final casino application in Massachusetts
(Massachusetts) -- MGM Resorts International has become the first company to file a final resort casino application in Massachusetts.

12/25/2013

article ‘Half’ MGM Cotai floor for entertainment: CEO
(Macau) -- “In excess” of 50 percent of the floor space at MGM Cotai – a new casino resort being built in Macau by MGM China Holdings Ltd – would...

12/19/2013

article MGM suitability decision by Massachusetts gambling officials to be released as early as Friday
(Massachusetts) -- Massachusetts gambling regulators have voted on whether to find MGM Resorts International suitable to apply for a casino license in Springfield, but a...

12/1/2013

article Results of MGM Resorts International background investigation to be released by Massachusetts Gaming Commission
(Massachusetts) -- A plan for an MGM casino in Springfield will face a critical test next week when state gaming regulators are scheduled to unveil the results of a...

11/5/2013

article AEG, MGM Resorts International offer first look at arena on Las Vegas Strip
(Las Vegas) -- Arena partners AEG and MGM Resorts International unveiled renderings Monday of their $350 million, 20,000-seat venue on the Strip, showing exterior images...

11/4/2013

article MGM Faces Biggest Tab After Massachusetts’ Multimillion Dollar Background Checks [sub req'd]
(Massachusetts) -- Massachusetts’ gambling watchdog has shelled out more than $10m investigating the backgrounds of casino developers competing for a chance to...

11/3/2013

article MGM Resorts’ Jim Murren on online poker, social media, competition and the Red Sox
(Las Vegas) -- MGM Resorts International Chairman and CEO Jim Murren was in a pretty good mood Thursday, even after his company reported a $31.9 million third-quarter...

11/2/2013

article MGM Resorts 3rd-quarter loss narrows
(Las Vegas) -- MGM Resorts says its third-quarter loss narrowed as gambling revenue improved and it paid less interest on debt. For the period ended Sept. 30, MGM...

10/31/2013

article MGM China Profit Misses Estimates on Rising Competition
(Wall Street) -- MGM China Holdings Ltd. (2282), a Macau casino operator, reported third-quarter profit that missed analyst estimates as rising competition drew some...
article MGM Resorts Posts Narrower Loss as Macau Spurs Revenue Growth
(Wall Street) -- MGM Resorts International (MGM) posted third-quarter results that beat analysts’ estimates as gambling in the Chinese enclave of Macau continued...
article MGM Resorts loses $31.9 million in 3rd quarter
(Las Vegas) -- Las Vegas-based MGM Resorts International, operator of the MGM Grand, Bellagio, Monte Carlo, New York-New York, Mandalay Bay, Luxor, Excalibur, Mirage,...

10/8/2013

article MGM Resorts CEO Sees Las Vegas Bookings Rising in 2014
(Las Vegas) -- Las Vegas convention bookings will rebound to peak 2007 levels in the first quarter of next year, as audience attendance increases, MGM Resorts...

9/30/2013

article CityCenter Said to Seek $1.78 Billion in Loans for Refinancing
(Wall Street) -- CityCenter Holdings LLC is seeking $1.78 billion in loans to refinance debt, according to a person with knowledge of the transaction.

9/27/2013

article MGM Resorts No Longer Pursuing Sale of Las Vegas Mall
(Las Vegas) -- MGM Resorts International (MGM:US) is no longer pursuing a sale of the Crystals mall at its CityCenter resort in Las Vegas, Chief Financial Officer Dan D...

9/23/2013

article BLOG: MGM Resorts develops a Lot of potential for outdoor shows
(Las Vegas) -- About noon Saturday, I spotted Rehan Choundhry at the 2013 iHeartRadio Music Festival’s outdoor-performance venue the Village. His gaze was fixed on...

9/19/2013

article Bloomberg: MGM 'positive' it will get National Harbor deal
(Maryland) -- MGM Resorts International says it is confident it will win a license to operate a casino at National Harbor, as well as a gaming license in Massachusetts,...

9/16/2013

article MGM: Renovation of The Hotel at Mandalay Bay being delayed
(Las Vegas) -- MGM Resorts International has announced that the renovation of The Hotel at Mandalay Bay into the Delano Las Vegas has been pushed back several months...

9/5/2013

article MGM Resorts ordered to pay damages of $325,000, reinstate whistle-blower
(Las Vegas) -- MGM Resorts International was ordered Thursday to pay damages of $325,000 by the U.S. Department of Labor’s Occupational Safety and Health...
article MGM Resorts Ordered To Rehire Whistleblower
(Las Vegas) -- The Occupational Safety and Health Administration is ordering MGM Resorts International to rehire a whistleblower and pay $325,000 in restitution.

9/2/2013

article New medspa at MGM Grand offers intravenous relief
(Las Vegas) -- Local Tom Kinzer opted for a liquid lunch during a recent shift at MGM Grand. Even though it started off with the prick of a needle, it ended up being one...

8/22/2013

article MGM Grand Detroit Casino Gets Renovation
(Detroit) -- One of the biggest casino firms in the world is getting serious about sustainability. MGM Grand Detroit announced that it has completed the LED lamp...

8/21/2013

article MGM Resorts trending as bulls hope for upside breakout
(Wall Street) -- It’s been a rough August for equities overall, but casino and hotel operator MGM Resorts International MGM is attracting attention on social media...

8/11/2013

article STUTZ: Rant by Adelson surprises Murren
(Las Vegas) -- Having navigated MGM Resorts International through almost four years of turbulent economic waters, Jim Murren has grown used to hearing negative comments...
article MGM’s Legal Past Hangs Over Casino Projects
(Las Vegas) -- Old legal problems for a former MGM Resorts International director are hanging over the casino giant’s business as the company seeks licenses to...

8/10/2013

article MGM Eying Japan And South Korea If Gambling Markets Open Up
(Las Vegas) -- MGM Resorts International is in the midst of crucial projects in the United States and Macau, but it’s also reportedly keeping close tabs on any...

8/9/2013

article Sterne Agee Reiterates $21.00 Price Target for MGM Resorts International (MGM)
(Wall Street) -- MGM Resorts International logoSterne Agee set a $21.00 target price on shares of MGM Resorts International (NYSE:MGM) stock in a research note issued on...

8/6/2013

article Despite higher revenue on the Strip and abroad, MGM Resorts posts a second-quarter loss
(Las Vegas) -- MGM Resorts International, the largest casino company on the Strip, reported its second-quarter earnings today. MGM Resorts owns the MGM Grand, Bellagio,...
article MGM China Profit Rises On Stronger VIP Contribution
(Wall Street) -- MGM China Holdings Ltd. (2282), the Macau casino operator controlled by MGM Resorts International (MGM), said its second-quarter profit rose 11 percent...
article MGM Resorts narrows second-quarter net loss, grows revenues
(Las Vegas) -- MGM Resorts narrowed its second-quarter net loss but saw companywide revenues increase, which included a 3.4 percent hike in revenues on the Strip.
article MGM Resorts Profit Beats Estimates on Strip Gambling
(Wall Street) -- MGM Resorts International (MGM), the largest casino operator on the Las Vegas Strip, reported a quarterly profit that beat analysts’ estimates, as...

8/5/2013

article MGM charged about $1.4 million by Massachusetts gaming regulators for fee and background checks
(Massachusetts) -- Of the 11 applicants seeking a gambling license in Massachusetts, MGM Resorts International has been billed the most for background checks - $1.4...

7/10/2013

article MGM Resorts reorganizes corporate communications
(Las Vegas) -- MGM Resorts International announced three senior level promotions in the company’s government affairs, corporate communications and public relations...

7/8/2013

article MGM Casino Bets Big On Solar
(Las Vegas) -- In rooftop solar terms, MGM Resorts International is one high roller. The NYSE-listed gaming and hospitality chain is about to install one of the largest...

6/17/2013

article Confidence in MGM Resorts future climbing
(Las Vegas) -- Clearly, MGM Resorts International’s planned $2.5 billion development on Macau’s Cotai Strip has Wall Street excited. Lately, analysts are...

6/5/2013

article MGM Resorts, Hyatt Hotels agree to collaborate on customer loyalty programs
(Las Vegas) -- A collaboration of loyalty programs between MGM Resorts International and Hyatt Hotels Corp. will allow customers to earn points and redeem credits at...
article MGM Resorts joins forces with Hyatt
(Las Vegas) -- MGM Resorts International has been busy forming business partnerships with travel agencies. The latest relationship — announced today — joins...

5/28/2013

article MGM Eyes A New Casino In Maryland
(Maryland) -- Last week, MGM Resorts, Penn National Gaming and Greenwood Racing Inc. filed a proposal to build a waterfront casino resort on the Potomac River in Prince...

5/14/2013

article Dubai World official says it would be willing to sell shares in MGM Resorts
(Las Vegas) -- One of the largest shareholders in MGM Resorts International said Tuesday it would be willing to sell its stake in the hotel-casino operator for the right...

5/9/2013

article MGM files 800-page application for Prince George's County casino
(Maryland) -- MGM officials on Thursday drop off boxes containing the gaming giant's bid for a Prince George's County casino at the Maryland Lottery's...
article MGM files proposal for Maryland resort after costly battle
(Maryland) -- MGM Resorts International on Thursday filed a proposal with the state of Maryland to develop an $800 million casino resort, after winning the right to...
press release MGM National Harbor Files Proposal with State of Maryland
(Maryland) -- MGM National Harbor, a subsidiary of MGM Resorts International (NYSE: MGM), today filed a proposal for a license from the State of Maryland Video Lottery...
article MGM submits bid for National Harbor resort-casino
(Maryland) -- On a hill overlooking National Harbor, the future site of Tanger Outlets in the rear view, officials with MGM Resorts International and The Peterson Cos....

5/8/2013

article MGM confirms plans to bid for Prince George’s County casino
(Maryland) -- Officials from MGM Resorts on Wednesday confirmed that the company will bid this week for a license to build and operate a new casino in Prince George...

5/5/2013

article MGM Resorts International reported a surprise profit
(Las Vegas) -- MGM Resorts International reported a surprise profit for its first quarter on the strength of room bookings and gambling tables on the Las Vegas Strip and...

5/3/2013

article Jim Murren talks online poker, MGM’s park on the Strip and the Rolling Stones
(Las Vegas) -- MGM Resorts International reported its best quarter in five years Thursday. Chairman and CEO Jim Murren reflected on the financial turnaround and looked...

5/2/2013

article MGM pulls out of downturn with record earnings at CityCenter
(Las Vegas) -- Boosted by an all-time earnings record at its CityCenter development and its best-ever first quarter in Macau, MGM Resorts International shifted from the...
article MGM Resorts beats earnings expectations
(Las Vegas) -- On Thursday morning, before the New York markets opened, the China unit of MGM Resorts International (MGM +5.43%) reported record performance for the...
article MGM Resorts reports best quarterly report since 2008
(Las Vegas) -- Strip casino giant MGM Resorts International reversed a first quarter net loss from a year ago to report the company’s best quarterly results in...
article MGM Resorts tops analysts, reports best quarter since 2008
(Las Vegas) -- A single penny turned out to be the difference between MGM Resorts International’s first profitable quarterly earnings since 2008 and another net...

4/28/2013

article MGM Resorts still holding two Atlantic City tracts to sell or build
(Atlantic City) -- Renewed interest in the Atlantic City real estate market could finally pay off for MGM Resorts International, the Las Vegas-based casino giant that...

4/19/2013

article Myth of the casino maze debunked: Casino companies are starting to encourage customers to head outside
(Las Vegas) -- It’s not often casinos dump truckloads of cash into projects that take customers out of buildings and put them under the sun.

4/18/2013

article Las Vegas Strip to get New York-style public park
(Las Vegas) -- Las Vegas is trying to beat its reputation as a shut-in. MGM Resorts International announced Thursday that it will sink $100 million into building a park...
article MGM has grand plans with trendy plaza, sports arena
(Las Vegas) -- MGM Resorts International will spend $100 million to transform land along the Strip and surrounding the New York-New York and Monte Carlo resorts into an...
article MGM Resorts CEO Jim Murren talks on CNBC about new 20,000-seat Strip arena and public park
(Las Vegas) -- MGM Resorts CEO Jim Murren appeared on CNBC’s “Squawk Box” this morning and unveiled his plans to spruce up the Strip with a state-of-...

4/10/2013

article Former tech CEO Greg Spierkel joins MGM board
(Las Vegas) -- MGM Resorts International has elected a former technology company CEO to its board. The casino giant's board voted Tuesday to elect Greg Spierkel as a...
article Former technology CEO named to MGM Resorts board
(Las Vegas) -- The former chief executive of a technology firm has joined the board of directors of MGM Resorts International. The casino operator announced Wednesday...

3/28/2013

article MGM role seen in new course for UNLV stadium plan
(Las Vegas) -- Before UNLV ditched billionaire Ed Roski’s Majestic Realty as its private partner for a proposed stadium, the University of Nevada, Las Vegas...

3/14/2013

article Kerkorian may increase MGM Resorts stake, stock up
(New York) -- MGM Resorts International’s stock climbed more than 7 % on Thursday after its biggest shareholder, Kirk Kerkorian, requested permission to raise his...
article Kirk Kerkorian Wants to Increase Stake in MGM Resorts
(Wall Street) -- Ninety-five year-old billionaire investor and mogul Kirk Kerkorian let his continued interest in the struggling casino MGM Resorts (NYSE: MGM) be known...
article MGM: 95-Year-Old Billionaire Casino Magnate Kerkorian May Increase Stake
(Wall Street) -- Billionaire Kirk Kerkorian says he may add to his stake in MGM Resorts, the company which he founded more than four decades ago.

3/10/2013

article BLOG: MGM Resorts Needs to Catch a Break
(Las Vegas) -- MGM Resorts (NYSE: MGM ) can’t seem to catch a break. Macau is growing, yet MGM’s resort is on the - wrong side of town. New Jersey is going...

3/8/2013

article ACDL says MGM no longer involved in Vietnam casino resort
(Vietnam) -- Asian Coast Development (Canada) Ltd (ACDL), which is developing Vietnam's first large-scale integrated resort, said on Thursday its partner, MGM...

3/7/2013

article MGM Resorts ends agreement to manage hotel-casino in Vietnam
(Vietnam) -- MGM Resorts International has reportedly terminated its agreement to manage a hotel-casino development in Vietnam that is partially owned by Pinnacle...

3/6/2013

article ACDL says MGM no longer involved in Vietnam casino resort
(Vietnam) -- Asian Coast Development (Canada) Ltd (ACDL), which is developing Vietnam's first large-scale integrated resort, said on Thursday its partner, MGM...

3/1/2013

article MGM Resorts announces plan for 20,000-seat arena
(Las Vegas) -- MGM Resorts International announced this morning it wants to build a privately funded, 20,000-seat indoor arena behind the New York-New York and Monte...

2/23/2013

article MGM to break ground in Cotai on February 27
(Macau) -- MGM China Holdings Ltd will host an official ground-breaking ceremony for its casino resort in Cotai next Wednesday (February 27). Chief executive Grant Bowie...

2/21/2013

article MGM Resorts hints at eventual sale of Crystals mall at CityCenter
(Las Vegas) -- Think it’s expensive shopping at Crystals, the luxury mall at CityCenter? Try buying the place.

2/20/2013

article Charges send MGM Resorts to net loss of $1.2 billion in fourth quarter
(Wall Street) -- Several impairment charges in the fourth quarter sent MGM Resorts International to a net loss of more than $1.2 billion, the company said Thursday.
article MGM Resorts reports $1.22 billion 4th-quarter loss
(Wall Street) -- Losses widened for MGM Resorts International in the fourth quarter, as revenue gains at its Macau property failed to counter weaker increases in Las...
article MGM Resorts’ quarterly loss widens, China growth slows
(Wall Street) -- Casino operator MGM Resorts International reported a wider fourth-quarter loss on impairment charges, and as growth in its Chinese unit slowed from red-...
article CEO says MGM may sell parts of CityCenter in Vegas
(Las Vegas) -- MGM Resorts International may sell off parts of its city within a city project on the Las Vegas Strip. CEO Jim Murren told The Associated Press Wednesday...
article Exclusive: MGM To Drop CityCenter Name
(Las Vegas) -- At a meeting of employees today, Bobby Baldwin, CEO of CityCenter, announced that the name CityCenter is now depreciated and will be completely phased out...
article MGM Resorts execs optimistic, despite $1.22 billion 4th-quarter loss
(Las Vegas) -- Executives at MGM Resorts International say that despite fourth-quarter losses reported today, the company has positioned itself to take advantage of a...

2/19/2013

article If MGM returns to N.J., gaming in other states could follow
(Atlantic City) -- For MGM Resorts International, a return to New Jersey could make its entry into other emerging U.S. gaming markets easier and expand its online...

2/17/2013

article MGM Resort's partner in China may face scrutiny from Massachusetts gaming regulators
(Massachusetts) -- As part of its background checks on casino developers, gaming regulators in Massachusetts expect to examine MGM Resorts International's Macau...

2/14/2013

article MGM Resorts opposes $900m UNLV stadium plan, calls it “too expensive”
(Las Vegas) -- Turns out there may be some opposition to creating a sales-tax kickback district for UNLV’s $800-million-wait-now-it’s-actually-$900-million...

2/13/2013

article Casino Control Commission agrees to allow MGM a second chance to keep stake in Borgata Hotel Casino and Spa
(Atlantic City) -- Las Vegas gambling giant MGM Resorts International will get a second chance to keep its ownership in Borgata Hotel Casino & Spa and have its New...
article NJ lets MGM try to keep half of AC’s Borgata
(Atlantic City) -- New Jersey casino regulators are letting MGM Resorts take the first step toward getting back into the Atlantic City casino market
article NJ Letting MGM Try to Keep Half of Borgata
(Atlantic City) -- The New Jersey Casino Control Commission on Wednesday allowed MGM Resorts International one step closer toward getting back into the Atlantic City...

2/12/2013

article NJ to hear MGM's plea to keep half of AC's Borgata
(Atlantic City) -- New Jersey casino regulators will hear from MGM Resorts on Wednesday as the company tries to get back into the Atlantic City casino market

2/11/2013

article MGM aims to keep half of Borgata
(Atlantic City) -- Three years after agreeing to surrender its half-ownership of Atlantic City’s top casino rather than cut ties to a family suspected of links to...
article MGM re-files for casino license in New Jersey
(Atlantic City) -- MGM Resorts International MGM -3.27% has filed a petition seeking to be permitted to return to the New Jersey market as a fully qualified casino...
article MGM Resorts Files Petition with New Jersey Casino Control Commission to Reapply for Gaming License
(Atlantic City) -- MGM Resorts International (NYSE: MGM [FREE Stock Trend Analysis]) today announced that is has filed a petition with the State of New Jersey Casino...
article MGM Resorts Looks To Re-Enter New Jersey In Possible Internet Gaming Move
(Atlantic City) -- In the wake of last week’s historic decision by New Jersey Gov. Chris Christie, at least one major player has apparently repositioned their...

visionary sponsor advertisement

sponsor advertisement