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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.

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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...
article MGM Resorts seeks return to Atlantic City gaming market
(Atlantic City) -- MGM Resorts International has asked New Jersey gaming regulators to reinstate the company's gaming license in Atlantic City nearly three years...
article MGM Seeks Reinstatement In Atlantic City [sub req'd]
(Atlantic City) -- After leaving New Jersey three years ago following a blistering report by state regulators, MGM Resorts International is asking for its gaming license...
article MGM seeks to keep 50 percent share of Borgata
(Atlantic City) -- In a dramatic reversal, MGM Resorts International has filed papers asking New Jersey regulators to reconsider a decision that has forced the company...

2/8/2013

article New Jersey to review decision on Pansy Ho
(Macau) -- New Jersey regulators are set to review their ruling on MGM Resorts International regarding the company’s partnership in Macau with businesswoman Pansy...
article Stricter junket rules no harm to casinos: MGM CEO
(Macau) -- MGM China Holdings Ltd chief executive Grant Bowie says that stricter regulation on junket operators, as announced by the government earlier this week, would...

2/7/2013

article N.J. Rethinks Settlement Forcing MGM to Sell 50% Borgata Stake
(New Jersey) -- New Jersey regulators are rethinking a 2010 settlement that requires MGM Resorts International (MGM) to sell its half-interest in Atlantic City’s...
article New Jersey Agency to Review Finding Against MGM
(New Jersey) -- New Jersey regulators are set to reconsider a decision that had forced MGM Resorts International MGM -0.38% to put its stake in an Atlantic City casino...

1/14/2013

article MGM sees progress on Macau casino
(Macau) -- MGM Resorts International (MGM -0.39%) has passed another milestone on its path to building a new casino on Macau's fast-developing Cotai strip. On Jan. 9...

1/13/2013

article Cashing in with new casino
(Hong Kong) -- The Chinese arm of U.S. casino company MGM Resorts International won official approval for its new Macau casino-resort, putting it a step closer to...

1/11/2013

article MGM’s Approval For Sands Cotai Casino Could Add Upside
(Wall Street) -- MGM Resorts International (NYSE:MGM) recently received approval to build its second casino in Macau, which is the biggest casino market in the world.

1/10/2013

article MGM Clears Govt Hurdle for Cotai - Analyst Blog
(Macau) -- MGM Resorts International ( MGM ) has finally received a long-awaited approval from the Macau Government for development of a resort and casino in Cotai,...
article MGM profits to double with Cotai casino: Murren
(Macau) -- MGM Resorts International chief executive Jim Murren says that the profits of Macau-based subsidiary MGM China Holdings Ltd are set to more than double once...

1/9/2013

article Riding high, MGM Resorts eager to devote some TLC to its Las Vegas properties
(Las Vegas) -- MGM Resorts International is off to a flying start in 2013, filling all its hotel rooms for the International Consumer Electronics Show, anticipating a...
article MGM China gets official OK for Cotai casino
(Macau) -- The Chinese arm of U.S. casino company MGM Resorts International won official approval yesterday for its new Macau casino-resort, putting it a step closer to...
article MGM Resorts passes second hurdle for Macau development
(Macau) -- MGM Resorts International has cleared a second hurdle in company's quest to build a $2.5 billion hotel-casino project on the Cotai Strip region of Macau.

1/8/2013

article MGM Resorts offering free Wi-Fi at Las Vegas casinos
(Las Vegas) -- MGM Resorts International will be offering free Wi-Fi at eight of its resorts on the Las Vegas Strip, the company announced today.
article Another mega-casino to be built in Macau
(Macau) -- MGM China won approval Wednesday to build a major new casino in Macau, a glitzy destination that attracts legions of gamblers from China.
article Macau Gives MGM China Green Light on Cotai Casino
(Macau) -- The Chinese unit of U.S. gambling giant MGM Resorts International has won approval from the Macau government to build a second casino in the world's...
article MGM China's new Macau casino approved by government
(Macau) -- A $2.5 billion Macau casino planned by MGM China (>> MGM China Holdings Ltd), the Chinese arm of U.S. gambling giant MGM Resorts International (>...
article MGM China’s new Macau casino approved by government
(Macau) -- A US$2.5 billion Macau casino planned by MGM China, the Chinese arm of US gambling giant MGM Resorts International, received government approval on Wednesday...

12/24/2012

article Megabucks DJs update: More star names (Avicii, Tiesto, Guetta); a possible EDM festival at MGM Grand
(Las Vegas) -- Following up on the story we posted Thursday about the new DJ wars in Las Vegas and the mind-boggling megabucks contracts comes news that MGM Grand...
article MOTLEY FOOL: MGM Has Fire Sale at CityCenter
(Las Vegas) -- CityCenter was supposed to be the face of the next generation of Las Vegas Strip development. Instead, it has become a symbol of the Great Recession and...

12/22/2012

article On the Job: MGM show celebrates recovery
(Las Vegas) -- Keith Dotson is entertainment supervisor at New York-New York Hotel and Casino in Las Vegas, and a normal day at work includes dealing with the box office...

12/21/2012

article MGM Resorts selling 427 CityCenter condos for $119 million
(Las Vegas) -- MGM Resorts International on Friday announced the bulk sale of 427 condo units at Veer Towers, the centerpiece residential tower at CityCenter, for $119...
article Veer Towers virtually sold out with bulk sale of 427 units
(Las Vegas) -- A New York investment firm has paid $119 million cash for more than 60 percent of the condos at CityCenter’s Veer Towers.

12/20/2012

article MGM Resorts raises more than $8 billion, completes 'landmark refinancing'
(Wall Street) -- Casino operator MGM Resorts International raised more than $8 billion in long-term financing during 2012 and expects to take a "substantial charge...

12/19/2012

article Report: MGM licensing fee way too low
(Maryland) -- The licensing fee for a new casino in Prince George's County is about $482 million too low, according to a study released Wednesday by the Maryland...

12/12/2012

article MGM planning Strip water park at Circus Circus
(Las Vegas) -- MGM Resorts International is considering building a water park at Circus Circus, according to a proposal unanimously approved by the Winchester Town...

12/6/2012

article MGM Resorts International Seeks $5 Billion for Debt Refinancing
(Wall Street) -- MGM Resorts International (MGM) is seeking $4 billion in loans and plans to sell $1 billion of senior notes as the biggest casino operator on the Las...

11/18/2012

article Nevada Awards MGM Resorts with Online Poker License
(Nevada) -- Three gambling groups were awarded licenses to operate online poker in Nevada, including MGM Resorts. It was widely expected that MGM would have no problem...

11/17/2012

article MGM Resorts Receives Online Poker License from Nevada Gaming Commission
(Nevada) -- MGM Resorts International has been granted an operational interactive online poker license this week by the Nevada Gaming Commission (NGC), the commission...
article MGM Resorts Secures Online Poker License
(Nevada) -- The Nevada Gaming Commission (NGC) recently awarded online poker licenses to three gambling enterprises in the state. The most noted among these is the MGM...

11/12/2012

article MGM Resorts exec named CEO of Nevada Gold & Casinos
(Las Vegas) -- An MGM Resorts International executive today was named president and CEO of casino operator Nevada Gold & Casinos Inc.
article MGM Resorts extends contract to CEO James Murren
(Las Vegas) -- MGM Resorts International Inc has announced its chairman and chief executive James Murren has had his contract with the company extended. Mr Murren’...

11/10/2012

article NORTON ROSE advises MGM RESORTS on a $2 billion debt refund
(Macau) -- Norton Rose has acted as adviser to the Macau arm of Las Vegas-based MGM Resorts International over a $2 billion debt refund. MGM China Holdings Ltd. has...

11/9/2012

article Murren signs new contract agreement with MGM Resorts International
(Las Vegas) -- MGM Resorts International Chairman and Chief Executive Officer Jim Murren signed a new employment agreement with the Strip casino giant that keeps him in...

11/5/2012

article Small Talk: Steve Zanella drives growth, change at MGM Grand Detroit
(Detroit) -- As MGM Grand Detroit celebrates its fifth anniversary at its permanent facility on Third Street in downtown Detroit, General Manager Steve Zanella talks...

11/1/2012

article MGM Looks To A Better Future Despite Soft Results In The U.S.
(Las Vegas) -- Las Vegas didn’t do too well for MGM Resorts International (NYSE:MGM) in Q3 2012 as the company experienced growth of just about 1% in overall...
article Zacks Reaffirms Neutral Rating on MGM Resorts (MGM)
(Wall Street) -- MGM Resorts (NYSE: MGM)‘s stock had its “neutral” rating restated by Zacks in a report issued on Thursday. They currently have a $11....

10/31/2012

article MGM expects online gaming license, state compacts
(Nevada) -- MGM Resorts International Ltd's CEO expects his company to obtain an online gaming license from Nevada regulators this week, and said states are talking...
article MGM Misses Q3 Outlook, But Sees Q4 Las Vegas Rebound
(Las Vegas) -- MGM Resorts International (MGM) posted a worse-than-expected third-quarter loss early Wednesday, driving shares down on the first day of post-Hurricane...
article MGM Resorts International reports $181.2 million third-quarter loss
(Las Vegas) -- Casino operator MGM Resorts International on Wednesday reported its loss for the third quarter widened amid a smaller tax benefit than the year-earlier...
article MGM Resorts reports wider 3rd-quarter loss of $181.2 million
(Las Vegas) -- MGM Resorts International reported a wider third quarter loss Wednesday, saying that slow economic conditions this summer hurt business at its Las Vegas...
article MGM Resorts results miss estimates on weak US demand
(Las Vegas) -- Casino operator MGM Resorts International posted a larger loss and missed analysts' expectations due to a steep drop in its third-quarter tax benefits...

10/30/2012

article MGM pairs with Royal Caribbean for customer rewards program
(Las Vegas) -- MGM Resorts International and Royal Caribbean announced a new partnership Tuesday that will allow people to use customer reward points for amenities...

10/22/2012

article MGM China gets land for new $2.5B Macau casino
(Macau) -- The Chinese arm of U.S. casino company MGM Resorts International signed a land deal Thursday for a new $2.5 billion casino resort in Macau, the world's...
article MGM Cotai resort’s gaming tables put into question
(Macau) -- MGM’s target to include 500 gaming tables and 2,500 slot machines in its new casino-resort in Cotai was put into question as Francis Tam, the Secretary...

10/20/2012

article MGM China gets land for new $2.5B casino
(Hong Kong) -- The Chinese arm of U.S. casino company MGM Resorts International signed a land deal last week for a new $2.5 billion casino resort in Macau, the world...
article MGM China Holdings receives approval to develop gaming resort in Cotai
(Macau) -- MGM Resorts International recently announced that MGM China Holdings Limited, a 51%-owned subsidiary, has formally accepted a Land Concession Contract in the...

10/19/2012

article MGM China to build new $2.5 BILLION Macau casino
(Macau) -- Casino giant MGM China Holdings said Thursday it has received approval to build a new HK$20 billion ($2.5 billion) giant gaming resort in the world's...
article MGM gets approval to build Cotai hotel
(Macau) -- MGM Resorts International was approved by the Macau government Thursday to build a $2.5 billion hotel-casino on the Coati Strip region.

10/18/2012

article Macau casino MGM China gets green light for new resort
(Macau) -- MGM China said it has received approval to build its $2.5 billion dollar casino project in the former Portuguese colony of Macau, the world's biggest...
article MGM China gets land for new $2.5B Macau casino
(Macau) -- The Chinese arm of U.S. casino company MGM Resorts International signed a land deal Thursday for a new $2.5 billion casino resort in Macau, the world's...
article MGM Doubling Down In Macau With New $2.5 Bil Casino
(Macau) -- The party in Macau is about to get a little louder, after MGM Resorts International (MGM) said it's gotten the go-ahead from the region's government...
article MGM Gains Most in Month After Macau Land Approval
(Macau) -- MGM China Holdings Ltd. (2282), a venture between Pansy Ho and MGM Resorts International, won a land grant to develop a second casino resort in Macau.
article MGM Resorts Unit Gets Macau Government Approval For Cotai Resort, Casino
(Macau) -- MGM Resorts International (MGM) said the Macau government granted its MGM China Holdings Ltd. unit a lease to develop a luxury resort and casino in Cotai,...
article MGM China shares jump 5 percent after new casino gets green light
(Hong Kong) -- Shares in MGM China <2282.HK>, the Chinese arm of U.S. gambling giant MGM Resorts jumped over 5 percent on Friday after the company said it...

10/15/2012

article MGM Resorts CEO Jim Murren recognized for corporate responsibility
(Las Vegas) -- MGM Resorts International Chairman and CEO Jim Murren is being honored for corporate responsibility achievements such as driving environmental and...

10/9/2012

article Former MGM Resorts exec Creighton rejoins company
(Las Vegas) -- Former MGM Resorts International executive Lorenzo Creighton has rejoined the casino operator and will focus on the company's efforts to develop hotel...

9/28/2012

article Full-property makeover continues at MGM Grand
(Las Vegas) -- It's not every day you hear the president of a 5,000-room Strip hotel-casino describe his property as a dormitory. But that's exactly what Scott...
article MGM Grand unveils $160 million room renovation in Las Vegas
(Las Vegas) -- After eight years of planning and a year of construction, the MGM Grand neared completion of a $160 million renovation with the unveiling of its Skyline...

9/21/2012

article As part of renovation, MGM Grand to offer rooms that promote wellness
(Las Vegas) -- The MGM Grand is including in its renovation 42 "Stay Well" rooms that, for a few bucks more, "optimize and support the physical and...

9/20/2012

article MGM exec hard to pin, Perini says
(Las Vegas) -- In an unusual case of déjà vu, Macau cropped up as an issue in major litigation involving Strip companies for the second time in two weeks.
article The MGM Grand In Las Vegas Has Unveiled A Line Of 'Healthy' Hotel Rooms
(Las Vegas) -- Staying in a hotel room at The MGM Grand Hotel & Casino in Las Vegas just might make you healthier.

9/15/2012

article Analysts look favorably on MGM Resorts financing deal
(Wall Street) -- A new financing deal by MGM Resorts International is a positive for the casino-resort company, analysts said Friday. Las Vegas-based MGM Resorts...
article MGM Resorts pricing $1 billion in new debt
(Wall Street) -- For the second time this year, MGM Resorts International priced $1 billion in new unsecured debt, saying Friday the 6.75 percent notes will come due in...

9/14/2012

article STUTZ: MGM Resorts pricing $1 billion in new debt
(Las Vegas) -- For the second time this year, MGM Resorts International priced $1 billion in new unsecured debt, saying Friday the 6.75 percent notes will come due in...
article Mandalay Bay executive promoted to Monte Carlo position
(Las Vegas) -- MGM Resorts International announced Friday that it promoted a Mandalay Bay executive to general manager of the Monte Carlo hotel-casino.
article MGM Resorts names new Monte Carlo boss
(Las Vegas) -- MGM Resorts International named a new general manager to its Monte Carlo property on the Las Vegas Strip. Patrick Miller was announced Friday to oversee...
article Patrick Miller named general manager of Monte Carlo
(Las Vegas) -- Patrick Miller was named general manager of Monte Carlo, returning to the Strip resort where he spent five years in casino operations.

9/10/2012

article STUTZ: CityCenter's performance turns corner, and MGM is glad
(Las Vegas) -- CityCenter has not always been about just gaming. The development, which was created by MGM Resorts International and carried a price tag of $8.5 billion...

8/27/2012

article MGM invests in gambling fight
(Maryland) -- MGM Resorts is putting down $2.3 million to convince voters to let the gambling and hotel giant open a new casino at National Harbor.
article MGM kicks in $2.4 million for gambling campaign
(Maryland) -- MGM Resorts, the gambling company lined up to run a casino at National Harbor, has anted up $2.4 million toward an effort to win voter approval in November...

8/24/2012

article MGM Unveils $800 Million Entertainment Proposal, Intensifying Competition for Sole Casino in Western Massachusetts
(Massachusetts) -- Mohegan Sun—previously the leader in the pack—is now up against industry titans for a chance to build the one casino the state will allow...

8/23/2012

article Battle in cards as $800M Springfield plan unveiled
(Massachusetts) -- This Bay State city is gearing up for a battle to become the first in Massachusetts to host a casino, and the opening salvo was fired yesterday as MGM...
article Mass. may take hard look at MGM
(Massachusetts) -- MGM, which unveiled plans for an $800 million resort casino in Springfield yesterday, has faced intense scrutiny over the company’s ties to a...
article Mayor Domenic Sarno to meet privately with casino companies
(Massachusetts) -- Mayor Domenic Sarno will be holding private meetings with members of different casino companies on Monday, August 27.
article MGM Springfield’s Plan for City’s Entertainment Venues
(Massachusetts) -- The proposed MGM Casino could mean changes for entertainment in the city. In recent years big name talent has been limited in the area because of...
article MGM unveils plans for western Mass. casino
(Massachusetts) -- Casino giant MGM Resorts International re-entered the Massachusetts casino sweepstakes on Wednesday with an ambitious $800 million plan for a resort...
article MGM's relationship with controversial business partner called into question
(Massachusetts) -- MGM's partnership with a controversial overseas business is being called into question as the organization rolls out plans for putting up a resort...
article Next Steps to Bringing a Casino to Western Mass.
(Massachusetts) -- The unveiling by MGM Resorts International of its proposal for a casino in Springfield’s south end is just the beginning. The process of opening...
article South End Businesses React to MGM Casino Plan
(Massachusetts) -- Are South End businesses impressed with the plan by MGM Resorts International for a casino there? It depends on the business you talk to.
article Your Comments: Is a downtown casino Springfield's salvation or ruination? Here's what people are saying ...
(Massachusetts) -- How do you spell urban salvation? C-A-S-I-N-O. How do you spell urban ruination? C-A-S-I-N-O. Knowing how to spell "casino" is about the...

8/22/2012

article CEO Murren expected in Springfield to tout MGM casino plan
(Massachusetts) -- It's showtime for MGM Resorts International, which today will unveil plans for a "major entertainment complex" and casino straddling the...
article MGM Announces $800M Springfield Casino Plan
(Massachusetts) -- MGM Resorts International officially entered the race for a Western Massachusetts casino license by announcing Wednesday an $800 million plan for...
article MGM Announces $800M Springfield Casino Plan
(Massachusetts) -- MGM Resorts International re-entered the crowded race for a western Massachusetts casino license on Wednesday, announcing an $800 million plan for...

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