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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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5/5/2016

article Macau struggles, tax provision hurt MGM’s 1st-quarter results
(Macau) -- MGM Resorts, the casino company behind such Las Vegas Strip properties as the MGM Grand, Bellagio and Aria, reported its first-quarter earnings today.
article MGM Resorts CEO: Macau Has Struggled
(Macau) -- James Murren, MGM Resorts chief executive officer, discusses the challenges in China with Bloomberg's Carol Massar on "Bloomberg Markets."
article MGM China May Delay Cotai Casino Opening Past First Quarter
(Macau) -- MGM China Holdings Ltd. reported revenue fell 25 percent in the first quarter and said the planned opening of its new casino in Macau’s Cotai area may...

4/24/2016

article IPOs Shine
(New York) -- MGM Growth Properties performed exceedingly well during its initial public offering and surpassed top expectations by about $1 per share. MGM Resorts...

4/23/2016

article Were Analysts Bearish MGM Resorts International (NYSE:MGM) This Week?
(Wall Street) -- Out of 16 analysts covering MGM Resorts (NYSE:MGM), 17 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 89% are...

4/22/2016

article MGM announces more food choices for National Harbor Casino and Resort
(Washington D.C.) -- No buffet, but there will be plenty to eat at the MGM National Harbor Casino and Resort. MGM National Harbor has released a list of eateries that...

4/20/2016

article MGM’s new real estate subsidiary prices IPO at high end of expectations
(New York) -- MGM Resorts International said today that the initial public offering of its new real estate subsidiary has been priced at $21 per share, raising gross...

4/18/2016

article Milbank, Latham, Davis Polk Advise on BATS, Big Casino IPOs
(Las Vegas) -- After a slow start to 2016, capital markets in the U.S. are finally warming up with a bevy of high-profile public listings. On Tuesday, Las Vegas-based...

4/15/2016

article REVIEW: MGM Grand, Las Vegas
(Las Vegas) -- When they decided to call the MGM hotel in Las Vegas ‘grand’, they were not being hyperbolic. Magnificent, majestic and what feels like the...

4/10/2016

article MGM Opens Las Vegas Arena
(Las Vegas) -- What was no more than a road and a patch of dirt two years ago now is the newest, coolest, and possibly the most environmentally friendly development on...

4/8/2016

article MGM Resorts International (MGM) Position Reduced by Water Island Capital
(Wall Street) -- Water Island Capital reduced its position in shares of MGM Resorts International (NYSE:MGM) by 47.9% during the third quarter, Holdings Channel reports.
article MGM's Growth Properties IPO Expected To Open In $18-$21/Share Range
(Wall Street) -- MGM Growth Properties announced in a regulatory filing on Friday it will offer 50 million class A common shares to the public at a price between $18 and...

4/7/2016

article After Monte Carlo overhaul, Jim Murren says MGM is ‘taking the show on the road’
(Las Vegas) -- The Kats Report Bureau at this writing is Tom’s Urban at New York-New York, a restaurant that serves as an example of the drawing power of The Park...

4/6/2016

article Arena opening heightens competition among existing facilities
(Las Vegas) -- The Pac-12 men’s college basketball tournament was a bloodbath for most of its participants. Stanford and Washington State got crushed in the first...
article MGM Resorts CEO sees momentum with T-Mobile Arena
(Las Vegas) -- Jim Murren views the arrival of the T-Mobile Arena as another major step in an upcoming golden era of entertainment. “We’re becoming a real...
article Why T-Mobile Arena Is a Game Changer
(Las Vegas) -- You’ve heard the hype. The 20,000-seat T-Mobile Arena will draw better shows, bigger convention groups and maybe even an NHL team. Fittingly, the...

4/5/2016

article Clean, green and serene: The Park transforms the Strip
(Las Vegas) -- The world-famous Las Vegas Strip was transformed today! Just 50 steps from the hustle and bustle of the rebellious 2.2 miles of hotels, casinos and neon...
article Upon further review: MGM Resorts’ Plan B was right with T-Mobile Arena, Monte Carlo Theater
(Las Vegas) -- In resort development, as in life, it is important to listen and … what else? Think it through. The position of T-Mobile Arena, the development of...

4/4/2016

article Las Vegas Betting New Venue Hits Jackpot
(Las Vegas) -- Many Las Vegas-area residents are hoping that the opening of the new 20,000-seat T-Mobile Arena on Wednesday portends the arrival of the city’s...
article MGM celebrates opening of the Park entertainment district
(Las Vegas) -- MGM Resorts International today celebrated the opening of its Park dining and entertainment district, which officials praised for bringing a new kind of...
article Vegas View: Las Vegas becomes a walk in the park, with new social hub
(Las Vegas) -- Something strange started happening in Las Vegas a few years ago: First, downtown Las Vegas beyond the Fremont Street Experience became a walkable...
article Let the big events begin at T-Mobile Arena, along with the parking complaints
(Las Vegas) -- The big day is finally arriving! On Wednesday, MGM Resorts International and Anschutz Entertainment Group open the T-Mobile Arena with a concert by The...
article MGM bets on live events with T-Mobile Arena, new theater
(Las Vegas) -- The latest multi-million dollar development on the Las Vegas Strip features a leafy outdoor pedestrian area, 20,000-seat arena and small theater. It...

3/28/2016

article Back from the Brink / MGM Resorts is on a roll, as multiple projects are on tap
(Las Vegas) -- For a company that was on the verge of bankruptcy just a few short years ago, MGM Resorts International is on something of a roll. After buttoning up...

3/27/2016

article Equities Analysts Offer Predictions for MGM Resorts International’s FY2016 Earnings (MGM)
(Wall Street) -- MGM Resorts International logoMGM Resorts International (NYSE:MGM) – Equities research analysts at Gabelli lifted their FY2016 earnings per share...

3/25/2016

article MGM Resorts Unveils Its New REIT Structure
(Wall Street) -- MGM Resorts International (NYSE:MGM) has unwrapped its proposed REIT red herring. We now have a chance to glimpse at the basics of the deal before the...

3/23/2016

article MGM real estate subsidiary files for initial public offering
(Las Vegas) -- MGM Resorts International’s new real estate subsidiary, which will own 10 of the company's properties, filed a registration statement for an...

3/18/2016

article Spotted on the Strip: MGM's transition to paid parking
(Las Vegas) -- Visitors to MGM Resorts International properties on the Las Vegas Strip may have noticed the company's transition to paid parking is well underway. At...
article CityCenter’s Shops at Crystals selling for $1.1 billion
(Las Vegas) -- The luxurious Crystals mall on the Las Vegas Strip is being sold to two real estate companies for about $1.1 billion, its owners announced today.
article Investors bet big with $1.1B purchase of CityCenter mall
(Las Vegas) -- Two big retail investors made a bet Friday on a growing tourism market on the Strip. In a widely rumored deal, Invesco Real Estate of Atlanta and...
article Shops at Crystals to be sold for $1.1 billion
(Las Vegas) -- The widely rumored sale of the high-end mall at CityCenter on the Strip became official early Friday. In the statement, CityCenter Holdings LLC said it...

3/17/2016

article MGM Resorts gets final OK for real estate reorganization
(Nevada) -- MGM Resorts International today won final approval from state regulators for some reorganization moves related to the casino operator’s plan to create...
article MGM Resorts reorganization moves get initial OK from gaming regulators
(Las Vegas) -- Nevada gaming regulators today gave MGM Resorts International initial approval for some reorganization moves associated with its plan to create a new...

3/16/2016

article MGM Resorts reorganization moves get initial OK from gaming regulators
(Nevada) -- Nevada gaming regulators today gave MGM Resorts International initial approval for some reorganization moves associated with its plan to create a new company...

3/15/2016

article MGM Resorts International recognized as Top Corporation for Women Business Enterprises
(USA) -- The "Top Corporations" list is the only national award program honoring corporations for leading supplier diversity initiatives that reduce barriers...

3/5/2016

article MGM Resorts has seemingly insatiable demand for convention space
(Las Vegas) -- MGM Resorts International operates more than 3 million square feet of convention and meeting space on the Strip. And it’s not enough. The company...
article ‘Bliss Dance’ sculpture unveiled at MGM’s outdoor entertainment district — PHOTOS
(Las Vegas) -- Artist Marco Cochrane’s sculpture titled “Bliss Dance” made a dramatic entrance on Friday. The 40-foot sculpture, which depicts a...

3/2/2016

article MGM Said Close to $1.13 Billion Sale of Las Vegas Mall to Simon
(Las Vegas) -- MGM Resorts International has reached an agreement to sell its Shops at Crystals mall in Las Vegas to a Simon Property Group Inc. partnership for $1.13...

2/22/2016

article MGM Resorts International named "World's Most Admired Company" by Fortune
(Las Vegas) -- MGM Resorts International (MGM) has been named among Fortune's 2016 list of the World's Most Admired Companies. The annual list is compiled on...

2/20/2016

article Market uncertainty causes MGM Resorts to delay Cotai opening
(Macau) -- On Thursday MGM Resorts International said that due to the struggling casino business in Macau and the planned openings in the region of other multi-billion...

2/19/2016

article Market gloom to delay new MGM resort in Macau
(Macau) -- MGM Resorts International will delay the opening of a planned $3 billion Macau casino resort by up to three months in the face of the continuing slump in the...

2/18/2016

article MGM fourth quarter loss driven by impairment charge, weakness in Macau
(Las Vegas) -- MGM Resorts, the casino giant whose Strip properties include the Bellagio, Aria and MGM Grand, reported its fourth-quarter and full-year earnings today.
article MGM to delay opening of $3B Cotai resort until 2017
(Macau) -- MGM Resorts International recorded a net loss of $1.47 billion in the fourth quarter after taking a noncash impairment charge related to the casino company...
article No More Free Parking In Las Vegas -- Why MGM Resorts Is Taking This Gamble
(Las Vegas) -- Free parking on the Las Vegas strip has a been a highlight for Vegas tourists in years past. But that's about to change as MGM Resorts International (...

2/15/2016

article BLOG: If MGM Postpones Its REIT IPO Or Forges Ahead, What Signal Could It Send To The Stock?
(New York) -- Tomorrow MGM (NYSE:MGM) is scheduled to release its Q4 2015 earnings call. Analyst consensus expects the company to earn 8c, with an increase to 12c for Q1...

2/13/2016

article MGM to outsource 300 jobs on Vegas Strip
(Las Vegas) -- MGM Resorts International will begin outsourcing hundreds of part-time jobs at its three arenas and event centers on the Las Vegas Strip. The Las Vegas...

2/5/2016

article MGM Resorts to outsourcing Strip parking
(Las Vegas) -- The Las Vegas Strip casino company that announced last month it'll begin charging for parking said Tuesday it's handing the keys to the program to...

2/2/2016

article MGM to outsource parking services; valet employees to transfer to vendor
(Las Vegas) -- MGM Resorts International said Tuesday it will outsource the parking operations at its Strip properties to SP+, a Chicago-based company that operates more...
article MGM to use contract workers, charge for valet
(Las Vegas) -- Valet employees with MGM Resorts International just learned they will no longer be employed by the resort company, but will be hired by a company that...

1/29/2016

article MGM China’s creditors willing to be flexible with payment terms on $3 billion loan
(Macau) -- MGM Resorts International, the biggest casino enterprise on the Las Vegas strip has invested heavily into its subsidiary MGM China Holdings Ltd to expand its...

1/26/2016

article MGM China Said to Get Approval to Amend $3 Billion Loan
(Hong Kong) -- MGM China Holdings Ltd. received consent from banks to amend the terms on its HK$23.4 billion ($3 billion) loan as the declining fortunes of Macau’s...

1/25/2016

article What Factors Can Drive Growth For MGM's Macau Operations?
(New York) -- MGM Resorts’ Macau operations are important and account for around 30% of the company’s value, according to our estimates. MGM’s Macau...

1/23/2016

article MGM's New Fee Could Anger Customers -- and Make Millions
(Las Vegas) -- Slot machines and gambling tables used to the cash cow of casino resorts in Las Vegas, but the recent numbers from MGM Resorts , Caesars Entertainment ,...
article Murren: MGM not 'tone deaf' to reaction on ending free Strip parking
(Las Vegas) -- MGM Resorts International Chairman and CEO Jim Murren said Friday the company anticipated complaints from the local community over plans to charge for...

1/22/2016

article Murren: MGM not 'tone deaf' to reaction on ending free Strip parking
(Las Vegas) -- MGM Resorts International Chairman and CEO Jim Murren said Friday the company anticipated complaints from the local community over plans to charge for...
article MGM Resorts International Price Target Update
(Wall Street) -- MGM Resorts International (NYSE:MGM) stock has received a short term price target of $ 27.45 from 10 Analyst. The share price can be expected to...

1/21/2016

article EDITORIAL: Market will decide if MGM erred on parking
(Las Vegas) -- For Las Vegas locals, enjoying free parking on the Las Vegas Strip is right up there with spectacular shows, free cocktails for slot machine players and...

1/20/2016

article Digging into MGM Resorts’ controversial new parking policy
(Las Vegas) -- Paid parking/valet service is coming to the Strip via MGM Resorts, and unsurprisingly, locals have been hoisting their digital pitchforks. Blame the...
article HILTZIK: The new Las Vegas parking fee shows what happens when competition disappears
(Las Vegas) -- Free parking has been a signature feature of casino hotels on the Las Vegas Strip since (we'd guess) the days of Bugsy Siegel. Despite the gaming...
article SMITH: Something for nothing in Vegas gets parked
(Las Vegas) -- They're messing with the Vegas Rules again, the ones that helped put the place on the map. There are several Vegas Rules, but this one is pretty basic...

1/19/2016

article STUTZ: MGM Resorts' plan to charge for parking draws swift, emotional response
(Las Vegas) -- Corey Sanders and Gordon Absher drew the short straws. Sanders, MGM Resorts International's chief operating officer, and Absher, the casino company...

1/16/2016

article MGM Resorts’ Las Vegas Casinos to End Free Parking
(Las Vegas) -- MGM Resorts International announced on Friday that it would become the first major casino company in Las Vegas to end a longstanding and popular perk:...
article Strip parking plan had been percolating for years
(Las Vegas) -- MGM Resorts International’s Friday announcement that it will soon start charging customers to park at its Strip resorts was a long time coming....

1/15/2016

article Casino giant MGM Resorts International will announce Friday that it plans to begin charging for parking this year
(Las Vegas) -- In a city built on luring tourists with cheap thrills and free cocktails, a big part of the Las Vegas Strip will soon slash away its most basic freebie:...
article MGM Resorts to charge for parking at Las Vegas Strip casinos
(Las Vegas) -- MGM Resorts International will break from a long-standing Las Vegas tradition and begin charging customers to park at the company's Strip resorts as...

1/4/2016

article Active Trending Stocks: MGM Resorts International (NYSE:MGM), SLM Corp (NASDAQ:SLM), Rice Energy Inc (NYSE:RICE)
(Wall Street) -- On Thursday, Shares of MGM Resorts International (NYSE:MGM), gained 0.89% to $22.72. Gambling revenue in the Chinese territory of Macau fell for the...

12/25/2015

article MGM Resorts International (MGM) Upgraded at Zacks Investment Research
(Wall Street) -- Zacks Investment Research upgraded shares of MGM Resorts International (NYSE:MGM) from a hold rating to a buy rating in a report issued on Monday...

12/21/2015

article After significant upgrades, MGM will continue to bring fresh heat to LAX
(Las Vegas) -- Last year, after Hakkasan Group passed off control of LAX to the Luxor hotel, parent company MGM Resorts decided to invest in a slick new design, fancy...

12/20/2015

article Company Shares of MGM Resorts International (NYSE:MGM) Rally 0.57%
(Wall Street) -- Shares of MGM Resorts International (NYSE:MGM) appreciated by 0.57% during the past week but lost 5.74% on a 4-week basis.
article Kerkorian investment arm Tracinda Corp. moving headquarters to Las Vegas
(Las Vegas) -- Tracinda Corp., the investment arm of late billionaire Kirk Kerkorian, is moving its corporate headquarters to Las Vegas from Los Angeles to be closer to...

12/16/2015

article Short-Sellers Target MGM as Downturn for Macau Casinos Persists
(New York) -- As 2015 draws to a close, investors are shunning the advice of analysts by increasing their bets against casinos in Macau, the world’s largest...

12/5/2015

article MGM Resorts International Inflow, Earnings and Results
(Wall Street) -- Can MGM Resorts International be expected to hit sales markers for the shares? The bigger question, is, of course, can (NYSE:MGM) shares hit expected...

11/29/2015

article 3 Best Movers to Watch: MGM Resorts International (NYSE:MGM), Metlife (NYSE:MET), Pandora Media (NYSE:P)
(Wall Street) -- On Friday, MGM Resorts International (NYSE:MGM)’s shares declined -0.65% to $22.77. MGM has 72.20% institutional ownership while its EPS ratio was...

11/24/2015

article MGM in battle to halt proposal for Conn. casino
(Connecticut) -- Having committed to spending nearly $1 billion on a Springfield casino, MGM Resorts is now aggressively pursuing an all-out campaign led by former US...

11/20/2015

article THE MGM FIRE: Deadliest blaze ever on the Strip
(Las Vegas) -- Nov. 21, 2015, marks the 35th anniversary of an event which resulted in Las Vegas having some of the strictest fire codes in the nation, but at the cost...

11/9/2015

article MGM Growth Properties won't send the casino industry into REIT frenzy
(Las Vegas) -- Don't look for the floodgates to open now that MGM Resorts International has unveiled its plans for a real estate investment trust. Two years ago,...

11/8/2015

article MGM Growth Properties won't send the casino industry into REIT frenzy
(Las Vegas) -- Don't look for the floodgates to open now that MGM Resorts International has unveiled its plans for a real estate investment trust.

11/5/2015

article Sale of two MGM Resorts casinos in Reno gets initial regulatory OK
(Nevada) -- MGM Resorts International today moved one step closer to wrapping up its sale of two casinos in Reno. The Gaming Control Board approved Eldorado Resorts Inc...

11/3/2015

article Here's Why MGM Is Creating A REIT
(Wall Street) -- MGM, whose long-term debt was $12.80 billion as of September 30, said it will transfer $4 billion of debt to the new company, to be named MGM Growth...
article MGM Resorts Creates REIT for Hotels to Help Boost Value
(Wall Street) -- The new company will assume roughly $4 billion of debt, which MGM expects will be refinanced with the proceeds... The initial public offering is...
article MGM to Create New REIT
(Wall Street) -- On average, 17 analysts polled by Thomson Reuters expected the company to report earnings of $0.04 per share for the quarter.
article MGM's move could be the start of a casino REIT rush
(Wall Street) -- The earnings report came as the company disclosed Thursday that it is spinning off a few of its casino-resort real estate into a separate company that...

11/2/2015

article MGM Resorts (MGM) Stock Increases on UBS Upgrade
(Wall Street) -- MGM Resorts (MGM - Get Report) stock is higher by 2.16% to $23.69 in late morning trading on Monday, after an upgrade to "buy" from "...
article MGM Resorts International Sets New 1-Year High After Analyst Upgrade (MGM)
(Wall Street) -- MGM Resorts International (NYSE:MGM)’s share price reached a new 52-week high during mid-day trading on Monday after Credit Suisse raised their...

11/1/2015

article Company Shares of MGM Resorts International (NYSE:MGM) Rally 8.92%
(Wall Street) -- Shares of MGM Resorts International (NYSE:MGM) rose by 8.92% in the past week and 17.18% for the last 4 weeks. In the past week, the shares have...

10/30/2015

article MGM Resorts to Shift Casino Assets to New Property Company
(Las Vegas) -- MGM Resorts International plans to shift some of its casino-resort real estate into a separate company that will lease the properties back to MGM to boost...

10/29/2015

article MGM Resorts to form REIT using 10 properties
(Las Vegas) -- MGM Resorts International said Thursday it will place 10 of its properties — including seven on the Strip — into a real estate investment...
article MGM Resorts to shift casino assets, including Beau Rivage, to new property company
(Las Vegas) -- MGM Resorts International plans to spin off part of its casino-resort real estate into a separate company that will lease the properties back to MGM to...

10/24/2015

article Eye-Catching Stocks: MGM Resorts International (NYSE:MGM), Starbucks Corporation (NASDAQ:SBUX), Walt Disney Co (NYSE:DIS)
(Wall Street) -- MGM Resorts International (NYSE:MGM) gained 4.08% and closed the last trading session at $21.31. The market capitalization of the company is $11.53...
article MGM Resorts International (MGM) to Release Earnings on Monday
(Wall Street) -- MGM Resorts International (NYSE:MGM) is scheduled to be posting its quarterly earnings results on Monday, October 26th. Analysts expect MGM Resorts...

10/19/2015

article MGM Investors Can Bet On Weakness From China
(Macau) -- Bearish bets against China’s big China casino operators continue to look attractive. Aggressive investors can buy puts on MGM Resorts (ticker: MGM, 2282...

10/18/2015

article Deutsche Bank Reaffirms Buy Rating for MGM Resorts International (MGM)
(Wall Street) -- MGM Resorts International (NYSE:MGM)‘s stock had its “buy” rating reissued by Deutsche Bank in a note issued to investors on Sunday,...
article Morningstar Gives “B-” Credit Rating to MGM Resorts International (MGM)
(Wall Street) -- MGM Resorts International (NYSE:MGM) has earned a “B-” credit rating from analysts at Morningstar. The investment research firm’s...

10/12/2015

article VELOTTA: Dear MGM: Make locals happy, build arena parking garage
(Las Vegas) -- MGM Resorts International is a fine company with great resort properties. It's Nevada's largest employer, it's progressive and does a lot of...

10/11/2015

article Company Shares of MGM Resorts International (NYSE:MGM) Rally 7.28%
(Wall Street) -- Shares of MGM Resorts International (NYSE:MGM) rose by 7.28% in the past week and 1.29% for the last 4 weeks. The shares have outperformed the S&P...

10/9/2015

article MGM Resorts International Raised to Buy at Zacks (MGM)
(Wall Street) -- Zacks upgraded shares of MGM Resorts International (NYSE:MGM) from a hold rating to a buy rating in a research note issued to investors on Tuesday,...
article MGM Resorts Is Lagging Its Brethren After Recent Chinese Rhetoric
(Wall Street) -- The Chinese government is entertaining the fact that they need to prop up the gaming industry and are looking at multiple avenues to do so.

10/8/2015

article MGM Resorts International Earns “B-” Credit Rating from Morningstar (MGM)
(Wall Street) -- MGM Resorts International (NYSE:MGM) has received a “B-” credit rating from Morningstar. The investment research firm’s “B-...

10/6/2015

article MGM reiterates interest in building a Connecticut casino despite no-compete
(Connecticut) -- Among the analysts, the highest expected of earnings per a share was $ 0.16, and the lowest is $ 0.05. Zacks’s price target suggests a potential...

10/4/2015

article MGM’s solution to trouble in Macau: treat masses like VIPs
(Macau) -- Faced with a slump that’s shaved almost USD14 billion in revenue from the world’s largest gambling market, MGM Resorts International is making its...
article MGM Resorts International Assigned “B-” Credit Rating by Morningstar (MGM)
(Wall Street) -- MGM Resorts International (NYSE:MGM) has been given a “B-” credit rating by Morningstar. The research firm’s “B-” rating...

10/3/2015

article MGM Resorts International Shares Up 4.3% (MGM)
(Wall Street) -- MGM Resorts International (NYSE:MGM) shares shot up 4.3% during trading on Friday , MarketBeat.Com reports. The company traded as high as $19.65 and...

10/1/2015

article MGM Springfield competition: Connecticut tribes targeting Dec. 15 deadline for choosing new casino site
(Connecticut) -- The Connecticut tribes seeking to build a third casino in the state to compete with planned casinos in Massachusetts and New York are targeting a Dec....
article Mohegan, Mashantucket Pequot tribes release request for proposals for Connecticut casino expected to compete with MGM Springfield
(Connecticut) -- Connecticut's Mohegan and Mashantucket Pequot tribes have released their request for proposals for a casino designed to compete with the planned MGM...

9/30/2015

article MGM Resorts International Stock Price Down 4.8% (MGM)
(New York) -- MGM Resorts International (NYSE:MGM) shares fell 4.8% during mid-day trading on Tuesday , MarketBeat reports. The stock traded as low as $17.62 and last...

9/29/2015

article MGM Resorts (MGM) Stock Falls as Casino Stocks Stumble
(New York) -- Shares of MGM Resorts (MGM - Get Report) were falling 4.6% to $17.74 Tuesday as casinos stocks fell after Macau junket Neptune Group warned it might have...
article Connecticut Files Motion to Have Federal Judge Dismiss MGM Resorts Lawsuit
(Connecticut) -- Connecticut’s Assistant Attorney General, Robert Deichert, has filed a motion with US District Judge Alvin Thompson, asking him to dismiss a...

9/27/2015

article Is MGM melting in Massachusetts?
(Connecticut) -- Last week was not such a good one for MGM and its plans to plant a new casino flag in New England. First, Connecticut Attorney General George Jepsen...

9/26/2015

article MGM Resorts sued by ex-wellness coach company
(Las Vegas) -- A wellness coach firm has filed a lawsuit claiming MGM Resorts breached its contract to hire a cheaper vendor, then attempted to steal away the former...
article MGM Resorts International Receives $25.44 Average Target Price from Brokerages (NYSE:MGM)
(Wall Street) -- MGM Resorts International (NYSE:MGM) has been given an average recommendation of “Buy” by the twenty-three brokerages that are covering the...

9/25/2015

article MGM Resorts sued by ex-wellness coach company
(Las Vegas) -- All is not well at MGM Resorts according to a federal lawsuit from a wellness coach firm that says the casino company breached its contract to hire a...

9/15/2015

article STUTZ: One analyst's opinion: Potential MGM REIT not a good idea
(Las Vegas) -- One gaming analyst isn't waiting for MGM Resorts International to decide if it's a good idea to split off all or a portion of the casino company...

9/10/2015

article MGM Resorts International Stock Rating Reaffirmed by Telsey Advisory Group (MGM)
(Wall Street) -- MGM Resorts International (NYSE:MGM)‘s stock had its “outperform” rating reissued by equities researchers at Telsey Advisory Group in a research note...

9/9/2015

article Lion's guarding Biloxi's gate at MGM Park
(Mississippi) -- An MGM lion now stands guard at the south gate of MGM Park in Biloxi. The 400-pound lion statue was hoisted into place and unveiled Wednesday morning at...

9/8/2015

article MGM’s Cotai Resort Has A Potential To Generate More Than $1 Billion In Annual EBITDA
(Macau) -- Like other casino operators, MGM Resorts (NYSE:MGM) is going through tough time in Macau amid a slowdown in gaming, triggered by a combination of Beijing...

9/7/2015

article MGM Resorts International Receives B- Credit Rating (MGM)
(Wall Street) -- MGM Resorts International (NYSE:MGM) has received a “B-” credit rating from analysts at Morningstar. The research firm’s “B-...

9/6/2015

article CEO of MGM Resorts says online gambling ban is ridiculous
(Las Vegas) -- Jim Murren, the CEO of MGM Resorts, recently said it was ridiculous to try to ban online gambling in the USA. Murren made the comments to a media outlet...

8/30/2015

article MGM Resorts International Receives $25.37 Average PT from Brokerages (NYSE:MGM)
(Wall Street) -- MGM Resorts International (NYSE:MGM) has been assigned an average recommendation of “Buy” from the twenty-three brokerages that are currently covering...

8/28/2015

article Jim Murren Considering Taking MGM Off the Grid in Nevada
(Las Vegas) -- MGM Resorts International Chairman and CEO Jim Murren wants to put his company’s Las Vegas operations on a greener path, using clearner, renewable...

8/23/2015

article MGM Park more than just a baseball stadium in recovering Gulf Coast
(Mississippi) -- Tim Bennett all but gave up on bringing minor league baseball to the Gulf Coast. Bennett, president of Jackson, Miss.-based Overtime Sports, spent a...

8/22/2015

article MGM Resorts International Bond Prices Rise 1% (MGM)
(Wall Street) -- An issue of MGM Resorts International (NYSE:MGM) debt rose 1% as a percentage of its face value during trading on Friday, Analyst Ratings Net reports.

8/15/2015

article Kabuki show debuts at Bellagio as MGM eyes Japan
(Las Vegas) -- Las Vegas can be many things to many people, but MGM Resorts International wants leaders and visitors from Japan to know that its resorts are more than...

8/10/2015

article Big changes ahead for MGM Resorts
(Las Vegas) -- From Nevada to the East Coast and beyond, the empire of properties controlled by casino juggernaut MGM Resorts International is in the midst of a major...

8/9/2015

article Analyst Rating Update on MGM Resorts International
(Wall Street) -- As many as 13 brokerage firms have rated MGM Resorts International (NYSE:MGM) at 1.23. Research Analysts at Zacks have ranked the company at 3,...
article Domestic Hotel And Macau Casino Operations Will Drive MGM's Future Growth
(Wall Street) -- MGM Resorts Q2 results reaffirm our expectations but, at the same time, warrant a change in valuation primarily due to the company’s recently...
article MGM Resorts International Rating Lowered to Sell at Zacks (MGM)
(Wall Street) -- MGM Resorts International (NYSE:MGM) was downgraded by Zacks from a “hold” rating to a “sell” rating in a note issued to...

8/8/2015

article MGM Resorts International Earns “Buy” Rating from Stifel Nicolaus (MGM)
(Wall Street) -- Stifel Nicolaus reiterated their buy rating on shares of MGM Resorts International (NYSE:MGM) in a report released on Wednesday morning, Market Beat.com...

8/7/2015

article With strong 2nd quarter profits, MGM Resorts International announces initiative to maintain growth
(Las Vegas) -- Casino giant MGM Resorts International has a cost-cutting and revenue-boosting plan it says will earn it an extra $300 million annually before taxes and...

8/6/2015

article MGM dreams of luxury shopping in wake of Harmon 'nightmare'
(Las Vegas) -- So what does a company do with a 2.5-acre hole-in-the-ground on the Strip after years of an expensive and contentious construction defect lawsuit? Answer...

8/4/2015

article MGM sues Connecticut governor over tribal casino act
(Connecticut) -- MGM Resorts International is suing the state of Connecticut in an effort to block the recently authorized construction of a new tribal gaming facility...
article Murren: 'The Mirage is not on the market'
(Las Vegas) -- MGM Resorts International did not announce a real estate investment trust structure for the company Tuesday and top executive Jim Murren shot down reports...
article Casino operator MGM Resorts 2nd-quarter performance tops Wall Street's estimates
(Las Vegas) -- MGM Resorts' second-quarter profit declined compared with the same period a year earlier when the casino booked a much larger income tax benefit.
article MGM Resorts pitches profit plan, 2Q results beat forecasts
(Las Vegas) -- MGM Resorts CEO Jim Murren says a new internal company plan is expected to cut costs and boost revenue to bring in an additional $300 million annually in...
article MGM Resorts pitches profit plan, 2Q results beat forecasts
(Las Vegas) -- Casino giant MGM Resorts International has a cost-cutting and revenue-boosting plan it says will earn it an extra $300 million annually before taxes and...
article MGM Resorts quarterly results driven down by Macau
(Las Vegas) -- A nearly 33 percent decline in revenue from its Macau casino drove down second-quarter results for MGM Resorts International. The casino giant said...

8/3/2015

article MGM Resorts CEO: Slot floors of today’s days are numbered
(Maryland) -- Many slot machines on casino floors bear images of faded but recognizable movies or TV shows such as "Sex and the City," "Ghostbusters...

7/31/2015

article MGM Resorts hires former Nevada congressman to brand casino
(Maryland) -- Former Nevada Congressman Steven Horsford is helping MGM Resorts International make sure the casino company keeps its word to Prince George's County...

7/29/2015

article Analysts say MGM may look at selling The Mirage
(Las Vegas) -- Two Wall Street analysts said in research notes Wednesday that MGM Resorts International may be considering selling The Mirage to focus on other...
article As Macau Heads Toward Vegas-Style Makeover, MGM Seeks to Adapt
(Macau) -- Running a casino in Macau used to be a simpler affair: build a world-class hotel, have junket agents bring in high rollers from China and design attractions...

7/22/2015

article MGM Resorts 'very engaged' in REIT discussions
(Las Vegas) -- It hasn't been a quiet year for MGM Resorts International. The general belief is that it's going to get much louder. Wall Street expects MGM...

7/21/2015

article MGM bringing in new IGT sportsbook system, app
(Las Vegas) -- Jay Rood MGM Resorts Director of Race and Sports and Hub director Jeff StonebackAmid everything going on in the booking world as football season nears,...

7/19/2015

article MGM Resorts Runs Fountain Shows But Says It Saved 2 Billion Gallons of Water
(Las Vegas) -- Sin City may look like a lush water-waster as the state endures its fourth year of a severe drought, but casino-resorts say their fountains and greenery...

7/17/2015

article MGM Resorts tells drought panel it's saved 2 billion gallons
(Las Vegas) -- Sin City may look like a lush water-waster as the state endures its fourth year of a severe drought, but casino-resorts say their fountains and greenery...
article Maryland Casino Will Fuel Domestic Gaming Growth For MGM Resorts
(New York) -- Gaming at the Las Vegas Strip has seen uneven trends in the recent past and gross revenues have been hovering around $6 billion for the past few years....

7/15/2015

article MGM Resorts to Take Steps to Stop Tribal Casino in Connecticut
(Connecticut) -- MGM Resorts International will try to prevent the construction of a tribal casino in Connecticut that would compete with MGM’s own resort being...
article Remarks By MGM Boss Launch Casino Border War
(Connecticut) -- A simmering battle between Connecticut casino advocates and MGM Springfield broke out into a border war Wednesday as the MGM president vowed to block...

7/10/2015

article Active Stocks News Review: MGM Resorts International (NYSE:MGM), Mondelez International, Inc. (NASDAQ:MDLZ), Boyd Gaming Corporation (NYSE:BYD)
(Wall Street) -- MGM Resorts Foundation’s Women’s Leadership Conference may be days away, but there is still time to register for this annual gathering being...
article MGM Resorts International Lifted to “Buy” at Zacks (MGM)
(Wall Street) -- Zacks upgraded shares of MGM Resorts International (NYSE:MGM) from a hold rating to a buy rating in a research note issued to investors on Wednesday,...

7/9/2015

article Here’s Why MGM Resorts International (MGM) Stock Plunged 8% On Wednesday
(Wall Street) -- Shares of the Nevada-based casino operator, MGM Resorts International (NYSE:MGM), plunged 7.9% to $17.55 on Wednesday, after the company said it was...

7/7/2015

article Eldorado to take full ownership of Silver Legacy, Circus Circus
(Reno) -- Reno's Eldorado Resorts Inc., operated by the Carano family, is acquiring MGM Resorts' 50 percent stake in the 35-story Silver Legacy Resort Casino as...
article MGM selling two Reno casinos to Eldorado Resorts
(Reno) -- MGM Resorts International is selling two Reno properties to a Northern Nevada casino company. Eldorado Resorts will acquire MGM’s 50 percent interest in...
article MGM to sell Reno casino-hotels for $72.5 million
(Reno) -- MGM Resorts International says it's selling Circus Circus Reno and its stake in the Silver Legacy Resort Casino Reno to Eldorado Resorts Inc. for $72.5 million.

6/18/2015

article The improbable story of the 8th-grade dropout who transformed Las Vegas
(Las Vegas) -- His father was an immigrant fruit seller so poor that the family would move every few months when they couldn’t pay rent. He was expelled from one...

6/17/2015

article Kerkorian’s will calls for ‘orderly’ sale of his MGM Resorts stock
(Las Vegas) -- When casino mogul Kirk Kerkorian died on Monday, he left behind an unimpeachable legacy in Las Vegas, where he built the gaming empire of MGM Resorts...
article Kirk Kerkorian remembered as visionary businessman, philanthropist, loyal friend
(Las Vegas) -- Friends and business associates of billionaire builder and philanthropist Kirk Kerkorian talked today about the man who helped shape Las Vegas. Kerkorian...

6/16/2015

article Billionaire Las Vegas builder and philanthropist Kirk Kerkorian dies at 98
(California) -- Billionaire businessman Kirk Kerkorian spent a lifetime outdoing himself, whether it was being the biggest studio boss in Hollywood or one of America...
article Billionaire Las Vegas mogul Kirk Kerkorian dies in Los Angeles
(California) -- Billionaire financier Kirk Kerkorian, one of the founders of modern Las Vegas whose name is synonymous with some of the Strip’s best known hotel-...
article In Memoriam: MGM Resorts International Founder Kirk Kerkorian (1917 - 2015)
(Las Vegas) -- MGM Resorts International (MGM) honors the memory of Kirk (Kirkor) Kerkorian, the company's founder, who passed away last evening. On June 6, he had...
article Kerkorian's will requires Tracinda to sell stake in MGM Resorts
(New York) -- Tracinda Corp, the holding company founded by Kirk Kerkorian, said the billionaire's will requires the company to dispose of its stake in casino...
article Kirk Kerkorian called 'gutsy' leader who helped shape Las Vegas
(Las Vegas) -- In the history of Las Vegas, Kirk Kerkorian's name will be mentioned alongside Bugsy Siegel, Howard Hughes and Steve Wynn as key visionaries who...
article Kirk Kerkorian, businessman who bet on the Las Vegas Strip, dies at 98
(California) -- Kirk Kerkorian, a self-made billionaire who became known as one of the most cunning dealmakers of his generation through his buying and selling of some...

6/14/2015

article MGM reconfigures credit agreement for Macau Resort
(Macau) -- MGM Resort International announced Friday June 12, 2015 that it has refinanced the credit agreement for the Macau subsidiary. The agreement is being used to...

6/12/2015

article New credit agreement helps MGM complete $2.9 billion Macau resort
(Las Vegas) -- MGM Resorts International said Friday it refinanced its credit agreement surrounding its Macau subsidiary, which will be used to help complete the company...

6/10/2015

article MGM's Jim Murren On The Future Of The Gaming Giant
(Las Vegas) -- The top executive at one of the world’s largest gaming companies isn’t one for going all in at the poker table. MGM Resorts International boss...
article What Factors Can Drive MGM Resorts’ Stock Price?
(Wall Street) -- MGM Resorts‘ (NASDAQ:MGM) domestic hotel operations have been trending well for the past few years led by a better macro-economic environment.

6/5/2015

article Current Trade News Analysis on: MGM Resorts International, (NYSE:MGM), The Bank of New York Mellon Corporation, (NYSE:BK), StemCells, (NASDAQ:STEM), Canadian Pacific Railway, (NYSE:CP)
(Wall Street) -- On Friday, in the course of current trade, Shares of MGM Resorts International (NYSE:MGM), dropped -0.30%, and is now trading at $20.22.

5/24/2015

article MGM Grand deal gives Detroit Lions fans tunnel vision
(Detroit) -- Detroit Lions fans with money to spend will be able to buy access this season to a new premium club at Ford Field that will be directly adjacent to the...

5/20/2015

article MGM demands withdrawal of complaint in RICO suit
(Maryland) -- MGM National Harbor has struck back against a lawsuit filed last month that claimed it failed to award contracts for its casino project to minority...
article Selling MGM China stake would be bad idea: MGM Resorts exec
(Macau) -- A senior executive of MGM Resorts International on Wednesday described any notion of selling down or selling off its 51 percent stake in Macau casino operator...

5/19/2015

article Shareholder ends proxy fight with MGM Resorts
(New York) -- New York based Land and Buildings Investment Management ended its proxy fight with MGM Resorts International Tuesday, saying that “substantial...

5/15/2015

article Advisors Take Sides In MGM, Land & Buildings Fray
(Wall Street) -- Investor advisor Glass Lewis & Co. backed a candidate put forth by Land & Buildings, which has a 0.4% stake in MGM Resorts International (NYSE:...

5/12/2015

article MGM Resorts might rename, revamp its ‘underutilized asset’ Monte Carlo
(Las Vegas) -- Big changes could be on the horizon for the Monte Carlo resort. MGM Resorts International CEO Jim Murren said in a recent interview that his company,...

5/4/2015

article CityCenter settlement boosts MGM’s first-quarter profit
(Las Vegas) -- MGM Resorts International is still counting the money it earned from hosting Saturday's Floyd Mayweather Jr.-Manny Pacquiao fight, so CEO Jim Murren...
article Dividends in Danger as MGM China, Rivals Yield to Macau Slump
(Macau) -- MGM China Holdings Ltd. is reconsidering its special dividends, which totaled $1.4 billion over the past three years, because of the gambling slump in Macau....
article MGM Resorts Reaps Record Bets as Fight Fans Hit Craps Tables
(Las Vegas) -- Floyd Mayweather’s unanimous victory over Manny Pacquiao was a huge payday for MGM Resorts International, which hosted the bout, even if fans went...
article MGM Resorts’ Sales Miss Estimates Macau Slump Weighs on Results
(Macau) -- MGM Resorts International, which is being pressed to put its casinos into a real-estate investment trust, reported first-quarter sales that missed analysts...

4/30/2015

article MGM Resorts Will Post Lower Earnings Amid A Slowdown In Macau
(New York) -- MGM Resorts (NYSE:MGM) will report its Q1 2015 earnings on May 4th. We believe the company continues to face headwinds from a decline in gambling, both in...
article Small investor in MGM Resorts advocates removal of board members
(New York) -- An investment manager with a less than 1 percent ownership position in MGM Resorts International stock is advocating the removal of four members of the...

4/29/2015

article MGM’s Murren: Those Who Say DFS Isn’t Gambling Are “Absolutely, Utterly Wrong”
(Washington D.C.) -- Jim Murren, CEO of MGM Resorts International, offered a few choice comments today on the subject of daily fantasy sports at a media briefing in...
article Murren: Sky won’t fall on MGM if online gambling banned
(Washington D.C.) -- The sky won’t fall on MGM Resorts International if a ban is reinstalled on legalized gambling over the Internet, Chairman and CEO James Murren...

4/27/2015

article Should MGM branch out into real estate?
(Las Vegas) -- As big casino operators go, MGM Resorts International is performing relatively well right now. The company boosted revenue while narrowing losses last...

4/23/2015

article Minority business owners sue over MGM Casino
(Maryland) -- A group of local minority business owners filed a lawsuit in federal court Monday seeking over $500 million dollars in damages from defendants tied to the...

4/22/2015

article MGM: Nearly 1/3 of contracting firms in casino project are minority-owned
(Maryland) -- Residents and minority-owned businesses in Prince George’s are getting their fair share of contracts in the construction of Maryland’s sixth...

4/21/2015

article MGM Dissident Litt Says Casino Operator Overbuilding Again (updated)
(Las Vegas) -- Jonathan Litt, who’s pushing MGM Resorts International to put its properties into a real estate investment trust, stepped up his criticism of the...
article MGM hires advisor to explore REIT conversion
(Las Vegas) -- MGM Resorts International announced that it has published an investor presentation in connection with its 2015 annual meeting of shareholders, to be held...

4/20/2015

article MGM Resorts rises after taking on Evercore as advisor
(New York) -- MGM Resorts International said Monday that the investment bank Evercore will join its team of advisors as it looks at strategic options.

4/14/2015

article MGM Resorts calls shareholder proposal to change the company's structure seriously flawed
(Wall Street) -- MGM Resorts International is urging shareholders of the casino-resort company to ignore an investment firm's proposal suggesting the company be...

4/13/2015

article MGM Resorts urges rejection of REIT supporters at AGM
(Wall Street) -- MGM Resorts International, 51-percent owner of Macau casino operator MGM China Holdings Ltd, says a proposal to split the group’s business into...

4/4/2015

article MGM Resorts International Lifted to “Strong-Buy” at Vetr Inc. (MGM)
(Wall Street) -- Vetr upgraded shares of MGM Resorts International (NYSE:MGM) from a buy rating to a strong-buy rating in a research note issued to investors on...

3/26/2015

article MGM Blocking Vegas Hotels From Showing Fight
(Las Vegas) -- If you're gonna be in Vegas for the big fight ... and you're not at an MGM property ... you may be S.O.L. -- because MGM honchos are blocking...

3/23/2015

article MGM Grand goes all-in, donating 14,000 pounds of food
(Detroit) -- MGM Grand Detroit delivered 13,886 pounds of food Monday to Gleaners Community Food Bank in Detroit, which will provide more than 25,000 meals. MGM Grand...
article In REITs MGM Trusts
(New York) -- Hedge Fund Land and Buildings Investment Management has recently proposed MGM Resorts International form a Real Estate Investment Trust. The REIT would see...

3/22/2015

article Is MGM Headed For A Proxy Fight?
(Las Vegas) -- Three days after hedge fund Land and Buildings released a detailed report on MGM Resorts International (NYSE: MGM) advising the company to consider...

3/20/2015

article MGM Resorts (MGM) Stock Falls Today After Rejecting Activist Board Nominees
(New York) -- MGM Resorts In'l. (MGM - Get Report) shares are down 1.9% to $22.42, falling into negative territory almost immediately after the company unanimously...
article STUTZ: MGM advises shareholders to not vote for hedge fund candidates
(Las Vegas) -- MGM Resorts International told shareholders Friday not to vote for any of the board of director candidates offered by a New York hedge fund that suggested...

3/17/2015

article Hedge fund proposes REIT split for MGM Resorts
(Las Vegas) -- A New York hedge fund proposed Tuesday that MGM Resorts International convert its casinos and land holdings into a real estate investment trust, a move...
article MGM Resorts Urged to Pursue REIT by Land & Buildings’ Litt
(New York) -- MGM Resorts International should split into a separate real-estate investment trust and hotel-management company, said Jonathan Litt, an activist hedge-...

3/13/2015

article Luxor, Excalibur president retiring; Luxor getting new GM
(Las Vegas) -- The president of the Luxor and Excalibur is retiring next month, MGM Resorts International announced today. Renee West, who MGM says was the first woman...
article Strip resorts president West to retire in April
(Las Vegas) -- Luxor and Excalibur President Renée West, the first woman ever named president of a Strip resort, will retire in April, MGM Resorts International said...

3/10/2015

article Here’s a Reason MGM Resorts (MGM) Stock is Lower Today
(New York) -- Shares of MGM Resorts International (MGM - Get Report) are down by 2.73% to $20.34 in early afternoon trading on Tuesday, after Deutsche Bank (DB)...

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