|
 |
|||
MGM Resorts International News
Major casinos, Switch want to leave NV Energy
10 Apr 2015
Three major Southern Nevada hotel-casino companies want to follow the lead of Switch and leave NV Energy to secure their own power supplies.
Despite high taxes, MGM National Harbor offers huge potential
7 Apr 2015
And that’s without the unsolicited offer from a minor shareholder to convert the casino giant into a real estate investment trust.
Culinary, Bartenders unions say tentative deal reached with MGM Grand
27 Mar 2015
The four-year contract, which covers porters, bellmen, guest room attendants, cocktail servers, bartenders, food servers, cooks and other hospitality positions, still needs to be ratified by employees.
Inside Gaming: Macau top official's speech not the message Las Vegas wanted to hear
25 Mar 2015
Macau Chief Executive Fernando Chui told lawmakers on Monday the Special Administrative Region had entered an “adjustment” period of slower and stable growth.
Long-term, negative side of REITs argued
24 Mar 2015
The short-term gains — tax benefits, a boost in stock prices and potentially lower debt — can be overshadowed by long-term issues.
MGM advises shareholders to not vote for hedge fund candidates
23 Mar 2015
In a preliminary proxy filing with the SEC, MGM Resorts rejected the board candidates offered by Land and Buildings Investment Management, which owns less than 1 percent of the company’s outstanding stock.
Hedge fund proposes REIT split for MGM Resorts
18 Mar 2015
MGM Resorts Chairman Jim Murren discussed the company forming a REIT last month during a quarterly conference call.
Inside Gaming: Chinese government almost seems to be purposely torpedoing Macau
16 Mar 2015
Nine straight months of casino revenue declines, including a record 49 percent drop in February, are primarily because of a government-imposed crackdown on corruption.
Strip resorts president West to retire in April
16 Mar 2015
Luxor and Excalibur President Renée West will be replaced by two people.
Inside Gaming: Real estate investment trust concept could happen for MGM Resorts
9 Mar 2015
The gaming industry has embraced REITs, which, by law, don’t pay federal income taxes.
Wynn Resorts to rake in $511 million dividend from Macau subsidiary
9 Mar 2015
The move comes as Macau’s casino market is in an unprecedented gaming revenue nosedive.
Feb. decline marks Macau's worst gaming revenue month since 2011
9 Mar 2015
Despite what is normally a lucrative time period, the annual Chinese New Year, the region reported an overall gaming revenue total of $2.44 billion.
Macau gaming revenues fall a record 49 percent in February
9 Mar 2015
Casinos collected $2.44 billion from gamblers during the month, a drop of 49 percent. A year ago, Macau casinos collected a single-month industry high of $4.8 billion.
Inside Gaming: How would legalizing U.S. sports betting change Nevada's industry?
23 Feb 2015
If legal sports books pop up in California Indian casinos, for example, would the Strip’s high-end gambling facilities dry up?
Once down on its luck, Las Vegas's North Strip is coming back
23 Feb 2015
Casino operators in the north Strip area say development of a permanent, 33-acre, open-air concert venue by MGM Resorts International will facilitate increased business.
MGM Resorts plans job fair, hopes to add more than 500 workers in Las Vegas
23 Feb 2015
MGM Resorts International will hold a job fair Wednesday at the Mandalay Bay Events Center to hire more than 500 permanent positions at 12 of the company’s Strip-area resorts.
Riviera purchase seen being OK'd despite short-term job losses
20 Feb 2015
When the Las Vegas Convention and Visitors Authority board of directors takes up the acquisition of the Riviera Hotel and Casino on Friday, it will do so with a board comprised of members who will have to consider killing jobs — and competition.
Report: Exec popped for $300k dinner after run at blackjack
19 Feb 2015
Bloomberg News reported Wednesday that Vice Media Inc. CEO Shane Smith sprung for the dinner following a lucky run at the casino’s blackjack tables.
Riviera Hotel to be demolished for Las Vegas Convention Center expansion
18 Feb 2015
If approved, the Riviera would close in mid-August and be demolished to make way for a portion of the $2.3 billion Las Vegas Global Business District.
$300k dinner bill ‘sign people are ready to spend again,’ MGM chairman says
18 Feb 2015
MGM Resorts International Chairman Jim Murren told analysts and investors Tuesday there were “encouraging signs” of increased customer spending at his company’s 10 Strip resorts in the past few months.
Gaming industry to launch outreach initiative for presidential campaign
13 Feb 2015
The effort is twofold — to educate casino industry employees, vendors and other stakeholders on candidate positions on gaming, and to ensure candidates understand the industry’s economic contributions.
Las Vegas NHL boosters kick off official ticket drive
11 Feb 2015
On Tuesday afternoon, lead investor Bill Foley launched a ticket deposit drive with NHL Commissioner Gary Bettman endorsing Foley's campaign to measure the market's interest.
International electric company is first big sponsor for MGM's Las Vegas arena
10 Feb 2015
Schneider Electric, the Paris-based energy management company that will create the arena’s power system, has signed a multi-year deal to become a “founding partner” for the $375 million, 20,000-seat venue.
Gaming Insider: The future of gaming is already here
10 Feb 2015
Tables that resemble giant smart phones inside The Mirage and MGM Grand Las Vegas are the future of gaming.
For $200,000 you can get prime space at new MGM arena
10 Feb 2015
Mark Faber, AEG senior vice president for global partnerships, is selling luxury suites and premium seating packages for the $375 million arena being built by the MGM Resorts International-Anschutz Entertainment Group partnership.
|
|||
