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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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2/25/2017

article MGM’s new problem gambling program designed to raise awareness
(Las Vegas) -- There’s no such thing as luck, but compulsive gamblers should at least feel fortunate that the state’s largest employer is introducing a...

2/24/2017

article MGM Adopting GameSense Responsible Gaming Program Throughout Its US Casinos
(Las Vegas) -- MGM Resorts International made some waves on Wednesday. The second largest casino corporation in the world announced it will implement BCLC’s...
article MGM Resorts Implementing Responsible Gambling Program at North American Casinos
(British Columbia) -- MGM Resorts has partnered with the British Columbia Lottery Corporation (BCLC) to implement the Canadian regulator’s responsible gambling...

2/22/2017

article MGM Resorts will launch responsible gambling program at all its US casinos
(Las Vegas) -- MGM Resorts International by the end of the year will introduce a new program to identify and help compulsive gamblers in the company’s U.S. casinos...
article MGM unveils problem-gambling prevention efforts inspired by requirements at Springfield casino
(Massachusetts) -- MGM Resorts International, the company behind the $950 million casino taking shape in the South End, is rolling out problem-gambling prevention...

2/18/2017

article Wolfgang Puck Steak at the MGM Grand Detroit Temporarily Shutters Following Kitchen Fire
(Michigan) -- High-end casino eatery Wolfgang Puck Steak at the MGM Grand Detroit has closed until further notice, while operators assess the damage from a kitchen fire...

2/17/2017

article MGM Resorts Misses Fourth-Quarter Projections, but Springfield Casino Construction Ahead of Schedule
(Las Vegas) -- MGM Resorts posted improved fourth-quarter revenues in 2016 compared to the previous year, but the generated income fell far short of projections.

2/16/2017

article MGM shares drop 5% after casino company reports Q4 earnings
(Wall Street) -- MGM Resorts International MGM, -9.26% shares fell more than 5% in premarket trade on Thursday after the company reported earnings for the fourth quarter...

2/10/2017

article MGM National Harbor Emerges as Maryland's Top Casino
(Maryland) -- The MGM Resorts Int'l (MGM) National Harbor casino in Oxon Hill, MD has been the success most analysts expected it to be with the casino resort taking...

2/6/2017

article New MGM Casino Drives Gaming Revenue Growth
(Maryland) -- As a new casino opened in National Harbor, state casino revenue on the whole was up nearly 43 percent year-over-year, though casinos elsewhere in the state...

1/31/2017

article MGM Springfield casino update, January 2017 (photos, video)
(Massachusetts) -- The first month of 2017 is just about over, the weather has been relatively mild and the MGM Springfield casino project continues to move forward at a...

1/30/2017

article MGM launches resort-branded emoji sticker pack
(Las Vegas) -- MGM Resorts International has launched the first resort-branded sticker pack in Las Vegas. Once downloaded, users of both Android and iOS can access the...

1/29/2017

article MGM National Harbor pushes Maryland gambling revenue to new heights
(Maryland) -- MGM National Harbor raked in nearly $42 million in gross revenue during its first three weeks of operation, helping to give the state’s casino...

1/21/2017

article Indigenous women were among the last to sing along Constitution Ave.
(Washington D.C.) -- The women's march has seriously wound down. Several hundred demonstrators are still massed in front of the White House, but Constitution Ave....

1/19/2017

article 5 Reasons Why You Should Buy MGM Resorts Stock Now
(Wall Street) -- A tough operating environment in Macau weighed on casino stocks in 2015 and for the most part of 2016. However, with Macau - the mecca of casino gaming...

1/17/2017

article MGM Resorts Gets on Power Lobby Bandwagon with New Washington, DC Office
(Washington D.C.) -- MGM Resorts is adding a new presence in Washington, DC to its recently opened, and already very succesful, $1.4 billion National Harbor casino that...

1/16/2017

article MGM Resorts buys Washington, DC, office to advance policy initiatives
(Washington D.C.) -- MGM Resorts International has bought a new Washington, D.C., office building to use as a base for advancing public policy initiatives. In a...
press release MGM Grand's LEVEL UP raises the bar for modern gaming
(Las Vegas) -- Skill-based games are slowly but surely establishing themselves as the "new thing," waiting to change the face of the gaming industry. Casinos...

1/9/2017

article Was the Borgata MGM Resort's Smartest Acquisition?
(Atlantic City) -- Atlantic City might be a financial basket case, and the remaining seven casinos there may be struggling to maintain their share of gaming revenues on...

1/7/2017

article With opening of MGM National Harbor, state casinos shatter revenue record
(Maryland) -- With the opening of the $1.4 billion MGM National Harbor casino and resort to capacity crowds, Maryland casinos generated a record $133.5 million in...
article Two Conn. towns appear to be finalists in casino site selection
(Connecticut) -- In Connecticut, two towns appear to be finalists in the site selection process for a new casino planned for the north central part of the state. Sites...

1/5/2017

article Why MGM Resorts is investing billions on East Coast gaming as Atlantic City casinos go bankrupt
(USA) -- The success of MGM Resorts over the last five years can be traced back to one place: The Las Vegas Strip. MGM generates a vast majority of its revenue from the...

1/2/2017

article Doubling Down: The House Always Wins
(Wall Street) -- In full disclosure, I was a small stakeholder in Trump’s Atlantic City company, and I knew the risks that I was exposed to when I purchased shares.

12/29/2016

article Might MGM Resorts Be a Big Winner When Japan Fully Legalizes Casino Gambling?
(Japan) -- With Japan's legislature taking the first steps toward legalized casino gambling, casino operators are angling to get a seat at the baccarat table....

12/28/2016

article Want to park free at MGM properties? Read on …
(Las Vegas) -- Pssst. Over here. I know how you can get free parking at MGM’s Las Vegas properties, whether you’re a local or an out-of-towner. My holiday...

12/27/2016

article MGM Resorts rolls out parking fees for locals Thursday on the Las Vegas Strip
(Las Vegas) -- The days of free parking are behind us as MGM Resorts starts charging locals on Dec. 29 to park in their garages on the Las Vegas Strip. It’s a move...
article MGM National Harbor changes some blackjack payouts to its advantage
(Maryland) -- Some gamblers are not happy with MGM National Harbor, because they're winning less. Not necessarily less frequently, just less. The Baltimore Sun...

12/15/2016

article New MGM Resort Hits Capacity Minutes After Opening
(Maryland) -- MGM International’s new MGM National Harbor casino/resort in Oxon Hill, Md. was so busy this past weekend it asked potential visitors to consider...

12/14/2016

article MGM targets millennials with Level Up, opening this month
(Las Vegas) -- MGM Resorts International has announced the name and opening date of the MGM Grand’s new 12,000-square-foot space designed by and for the millennial...

12/13/2016

article Level Up, where casino gambling and video games meet, to open at MGM Grand
(Las Vegas) -- Apparently, the border dividing casino gambling and video games lies somewhere between a nightclub and a sports book — at least that’s where...

12/12/2016

article Interactive gaming lounge Level Up opens December 29 at MGM Grand
(Las Vegas) -- MGM Grand and Hakkasan Group are teaming up again to create Level Up, a gaming lounge set to open December 29 in the space formerly occupied by Rainforest...

12/11/2016

article MGM casino outside Washington may change Washington’s ways
(Washington) -- MGM’s new casino sits seven miles south of the White House and is filled with hat tips and homages to life in the nation’s capital. George...

12/10/2016

article Liquor board chair arrested for DUI outside casino’s grand opening
(Maryland) -- The chairman of the Prince George’s County liquor board was arrested for drunk driving Thursday night after becoming involved in a fender bender...
article During drunken-driving arrest, head of liquor commission was caught on video
(Maryland) -- Multiple witnesses saw the chairman of the Prince George’s County liquor board strike two vehicles as he was trying to leave the MGM casino in his...
article MGM Resorts International opens its $1.4 billion MGM National Harbor casino
(Maryland) -- MGM Resorts International (NYSE:MGM) said that, it opens its $1.4 billion MGM National Harbor casino and resort just outside the nation’s capital,...
article VIDEO: Fight breaks out at MGM National Harbor casino during opening night
(Maryland) -- The grand opening of the MGM National Harbor has been an overwhelming success, according to casino officials, but it hasn’t been without a bump in...
article Filipino-American firm of Leuterio Thomas A Big Part of $1.4B MGM Resort Design Team
(Maryland) -- When the $1.4-billion MGM National Harbor casino and international resort formally opened on Dec. 8 amid a lot of fanfare in Maryland, MGM Resorts...

12/9/2016

article Glitzy MGM National Harbor casino opens in Maryland
(Maryland) -- As guests slurped oysters, sipped cocktails and peered around for glimpses of VIPs ranging from U.S. senators to Miss World, one man checking out the new...
article MGM National Harbor casino opens on the Potomac
(Maryland) -- The new casino on the banks of the Potomac and in the shadow of the nation’s capital filled to overflowing on its first full day of operations Friday...
article MGM Casino: If you don't have reservations, stay away until after the weekend
(Maryland) -- Due to an overwhelming response to the grand opening Thursday night and again during the day Friday, MGM National Harbor is urging anyone who doesn't...
article What’s not to love about MGM National Harbor? Traffic
(Maryland) -- There are plenty of reasons to be excited and bullish toward the opening of MGM’s National Harbor property later this week outside Washington, DC,...

12/8/2016

article Progress at MGM Springfield
(Massachusetts) -- Downtown Springfield has seen many changes since the announcement was made that an MGM casino would come to the city.
article $1.4 Billion MGM Casino Opens In Maryland
(Maryland) -- Maryland will see its sixth casino open on Thursday evening when the $1.4 billion MGM National Harbor begins taking wagers. The casino has 125,000 square...
article REVIEW: MGM’s $1.4 billion casino is a cruise ship to nowhere
(Maryland) -- The MGM National Harbor casino and entertainment complex looks like a cruise ship beached high on the banks of the Potomac, deposited there by some great...

12/4/2016

article Getting a dash of Vegas
(Maryland) -- When Rushern L. Baker III, Prince George's county executive, announced he wanted a billion-dollar casino built on the banks of the Potomac River, he...
article MGM National Harbor, new Maryland 'landmark,' gambling on region's casino appetite
(Maryland) -- The MGM National Harbor glows a shiny white at night, rising above the Potomac River like — its architect has suggested — a vast ship sailing...
article Mixed emotions from neighbors ahead of MGM Grand Opening
(Maryland) -- Maryland is just days away from getting a taste of Las Vegas. Later this week, the MGM National Harbor is set to have its long awaited grand opening, but...
article Questions you might have about MGM National Harbor
(Maryland) -- MGM Resorts International is opening a gambling resort on the banks of the Potomac River in Prince George’s County. It is Maryland’s sixth and...

12/3/2016

article Casino near Washington, D.C., is MGM’s model for Atlanta resort
(Maryland) -- The 23-story hotel at MGM National Harbor towers over the Capital Beltway, the first thing hundreds of thousands of motorists see as they stream across the...

11/25/2016

article MGM Resorts International’s Winning Hand
(Las Vegas) -- Sometimes, what happens in Las Vegas really does stay there, which is good news for MGM Resorts International. The company, which has greater exposure to...

11/18/2016

article MGM wraps up hiring, puts final touches at $1.4 billion resort
(Maryland) -- The glamour of the gambling industry has drawn thousands of applicants for the roughly 4,000 jobs at the soon-to-open MGM National Harbor casino resort.

11/17/2016

article Springfield Casino, Convention Center Partnership Touted
(Massachusetts) -- MGM is poised to take a role in managing the state-owned convention center in Springfield, Massachusetts, where the Las Vegas-based company is...

11/13/2016

article MGM Resorts’ controversial parking policy still on local minds
(Las Vegas) -- My wife and I had just completed a great Sunday afternoon at Bellagio. After suffering like everybody else through the brutal election campaign season, we...

11/10/2016

article MGM lion statue lowered into place as National Harbor resort and casino nears completion
(Maryland) -- One of the finishing touches is being added to the MGM National Harbor resort and casino. The majestic MGM Lion was put into place on Thursday.
article Traffic Concerns Grow as MGM Grand Casino Opening Approaches
(Maryland) -- While excitement for the opening of the MGM Grand Casino at National Harbor builds, so does concern about traffic in the area.

11/7/2016

article Casino CEO Jim Murren: MGM Springfield, National Harbor, Atlantic City's Borgata would market together
(Massachusetts) -- MGM Resorts International plans to integrate marketing of MGM Springfield with its other new casinos in Maryland and New Jersey. "It will have a...
article MGM tops earnings forecasts on Borgata purchase
(Atlantic City) -- MGM Resorts International says its acquisition of The Borgata, Atlantic City's top casino, helped push revenue up 23 percent over last year's...

11/4/2016

article Earnings: Might MGM's Vegas Results Make Up For Possible Shortfalls In Macau?
(Wall Street) -- Shares of MGM's rival casino operator Wynn Resorts, fell over 9% when weaker-than-expected earnings were reported Nov. 2.
article Were The Stakes Higher For MGM's Q3 On The Vegas Strip Or In Macau?
(Wall Street) -- The stakes may be high going into MGM Resorts MGM +2.48% International’s Q3 earnings, which come out ahead of Monday’s trading session,...

11/1/2016

article MGM Casino vs Verizon Center: Which Will Have the Bigger Stars?
(Maryland) -- Now that the new MGM Casino is just weeks away from opening Dec. 8 in National Harbor, Md., it's raised an interesting question -- is the new venue...

10/23/2016

article MGM National Harbor doing its part, but critics fear county isn't
(Maryland) -- It’s not quite 6 a.m., and Carla Truitt is already making the rounds of the 125,000-square-foot casino floor. She moves from the food court to the...

10/15/2016

press release Tower Research Capital LLC TRC Acquires New Stake in MGM Growth Properties LLC (MGP)
(Las Vegas) -- Tower Research Capital LLC TRC purchased a new stake in MGM Growth Properties LLC during the second quarter, Holdings Channel reports. The firm purchased...

9/26/2016

article A Casino Stock Worth the Gamble
(Wall Street) -- The gaming industry has been through a lot of turmoil in the past two years, mainly in the world's largest gaming market of Macau.

9/14/2016

article MGM casino revenue redirected to boost school’s vocational programs
(Maryland) -- A large chunk of anticipated MGM National Harbor casino revenue is set to be diverted from school repairs to bolster a local high school’s vocational...

8/16/2016

article A deal inside one of the world's largest casino conglomerates just baffled Wall Street
(China) -- Nobody understands what just happened between MGM Resorts and MGM China, but it's making Wall Street question a recent, fragile sense of stability in the...
article MGM raises China stake in US$325 million pact with partner Pansy Ho
(China) -- MGM Resorts International acquired more shares in its China unit in a deal valued at about US$325 million with Pansy Ho, the daughter of gambling mogul...

8/11/2016

article MGM Cotai to open with no VIP tables
(Macau) -- Casino operator MGM Resorts says its new Macau property won’t have any VIP gaming tables, at least, not to start. On Tuesday, MGM China CEO Grant Bowie...

8/5/2016

article The Evolution Of MGM Resorts Includes Emphasis On Mobile Gambling
(Las Vegas) -- This has been quite an evolutionary year MGM Resorts International. The casino operator has grown in just about every category: In Las Vegas, MGM Resorts...
article Inside Gaming: MGM Resorts Up, New Pacts for Calif. Tribes, Wynn Boston Harbor Building Begins
(USA) -- This week MGM Resorts International reported its second-quarter earnings for the year, and the news was good for the company with profit exceeding observers...
article MGM Resorts has "best July as a company we've ever had"
(Las Vegas) -- Casino operator MGM Resorts managed to post a larger than expected profit in Q2 despite ongoing carnage at its Macau property.

8/4/2016

article Now you can gamble in your PJs or at the pool with MGM Resorts' new mobile tournaments
(Las Vegas) -- If you've dreamed about gambling from the swimming pool, your bathtub or in your pajamas, MGM Resorts (mgmresorts.com) now has you covered. The...
article MGM China Sees Macau Gaming Stabilizing as Revenue Drop Narrows
(Macau) -- MGM China Holdings Ltd. reported a slowing pace of revenue decline in the second quarter as more recreational gamblers plunked down bets. Shares advanced to a...
article MGM Resorts 2nd-quarter profit soars on sale of high-end mall
(Las Vegas) -- Casino and hotel operator MGM Resorts said Thursday that its second-quarter profit quintupled from the same period a year ago, mainly due to the sale of...
article MGM China reports better than expected income as premium mass market gamblers splurge
(Macau) -- MGM China Holdings, a Macau gaming operator co-chaired by casino tsar Stanley Ho’s daughter Pansy Ho, reported a better-than-expected net income for the...

7/13/2016

article MGM stalled in effort to block new Indian casino in CT
(Connecticut) -- MGM Resorts International's efforts to block the establishment of a third casino run by Connecticut’s gaming tribes has stalled on Capitol...

7/6/2016

article MGM Resorts, NRG Energy complete installation of largest rooftop PV array in US
(Las Vegas) -- NRG Energy and MGM Resorts International have announced the completed expansion of the US’ largest rooftop solar array. Located on top of the...

7/4/2016

article Eight years and one casino later, a bus line from Alexandria to National Harbor
(Virginia) -- A new Metrobus line that will connect the growing National Harbor community to Alexandria is launching this fall — the culmination of years-long...

6/29/2016

article ICYMI: Did MGM push Congress to block Connecticut casino plan?
(Washington D.C.) -- MGM Resorts International prodded Congress last month to block a proposed Connecticut tribal casino that would compete with its MGM Springfield...

6/21/2016

article MGM tells investors to be prepared for major upswing
(Las Vegas) -- Gaming analysts are buying into MGM Resorts International’s guidance to investors that the company is heading into a major upswing.

6/10/2016

article MGM again seeks greater disclosure on airport casino plan
(Connecticut) -- The Freedom of Information Commission will hear a second complaint from MGM regarding the Connecticut Airport Authority’s claim that discussions...

6/4/2016

article Monte Carlo casino-hotel rebrands as Park MGM, NoMad
(Las Vegas) -- Today’s announcement that the Monte Carlo hotel will be redesigned as two hotels — the Park MGM Grand and NoMad Las Vegas — keeps a...
article Monte Carlo will transform to Park MGM in $450M makeover
(Las Vegas) -- The 3,000-room Monte Carlo will undergo a two-year, $450 million makeover that will create a new luxury brand for MGM Resorts International and bring the...
article This is your last weekend for free parking at MGM Resort properties
(Las Vegas) -- Planning to head to the Strip anytime soon? This is officially your last weekend (June 4-5) to park for free at MGM properties — unless you’re...

6/3/2016

article MGM Resorts to Rebrand Monte Carlo Casino-Hotel in Las Vegas
(Las Vegas) -- MGM Resorts International is rebranding its Monte Carlo resort and casino on the Las Vegas Strip. The company announced Friday it will renovate the...
article MGM Resorts, Republic Services create environmental awareness exhibit
(Las Vegas) -- Kelcie Saunders ran her hands over a starfish, admiring the shells and objects on display in a room at The Mirage. “It’s a really good idea to...

6/1/2016

article Boyd Gaming selling 50% stake in Borgata
(Philadelphia) -- Boyd Gaming Corp. has entered into an agreement to sell its 50-percent interest in one of Atlantic City's top casinos to an operator that owns...
article Boyd Gaming sells 50% stake in Atlantic City's Borgata casino to MGM Resorts
(Atlantic City) -- MGM Resorts is now sole owner of Atlantic City’s market-leading Borgata Hotel Casino & Spa after Boyd Gaming sold its 50% stake in the...
article Boyd sells 50% stake in Borgata to MGM
(Atlantic City) -- Boyd Gaming has entered a definitive agreement to sell its 50% equity interest in Marina Development Holding Company, the parent company of New Jersey...
article MGM Buying Full Ownership of Borgata Casino
(Atlantic City) -- MGM will soon be the sole owner of the Borgata. Boyd Gaming and MGM Resorts International, co-owners of Borgata parent company Marina District...
article MGM Resorts (MGM) Stock Climbs on Borgata Acquisition, Deutsche Bank Bullish
(Wall Street) -- Shares of MGM Resorts Int'l (MGM) are rising 2.67% to $23.46 late Wednesday afternoon, after the casino resorts company agreed to purchase a 50%...

5/29/2016

article More questions on MGM Resorts parking fee controversy
(Las Vegas) -- I can always count on Road Warrior readers being predictable. After a fairly thorough look at any traffic or road situation, I can count on readers...

5/28/2016

article Casino hopefuls take a gamble on MGM’s blackjack school
(Maryland) -- Before her first day of blackjack class, Stephanie Sizemore straightened her blonde hair, put on hot-pink lipstick and reached for the highest pair of...

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...

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