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MGM Resorts International News
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.
MGM Resorts to launch mobile wagering application in Nevada
3 Feb 2015
The technology will be provided by GTECH Holdings. Financial terms were not disclosed.
Macau casinos start 2015 with another revenue dip
3 Feb 2015
January's decline was the eighth straight monthly drop.
Casino revenue in Nevada, on the Strip retreats slightly in 2014
2 Feb 2015
Gaming revenue collected by casinos ended a four-year upswing last year as the state's largest industry continued its recovery from the recession.
Inside Gaming: Analysts expect Strip rebound to continue in 2015
26 Jan 2015
Analysts believe the Strip will continue its rebound, although gaming won’t be the primary reason.
Vegas gaming companies may face bigger tax bite in Macau
21 Jan 2015
A Chinese government official is hinting at a potential gaming tax increase ahead of license renewals for Macau's casino operators.
American Gaming Association expands in membership, influence
14 Jan 2015
Last week, the AGA announced it added nine members, including Seminole Hard Rock Gaming — the group’s first American Indian-owned casino company — and the Las Vegas Convention and Visitors Authority.
New roster of brand restaurants makes Strip debut
13 Jan 2015
An impressive variety of brand restaurants have debuted recently on the Strip, including Smashburger and New York City-based Shake Shack.
Law firm steeped in Nevada gaming history relegated to history pages
12 Jan 2015
Back when Nevada and Atlantic City were the only places in the United States to find casinos, the law firm Lionel Sawyer & Collins ruled the legal roost.
Analysts thought Macau's first-ever annual dip could have been worse
5 Jan 2015
The worry is now about 2015 and what effect continued softness in the world’s largest gambling enclave will have on Nevada casino operators.
MGM Resorts to hold a job fair for 700 Las Vegas summer positions
5 Jan 2015
The career fair will be held in the MGM Grand Conference Center, 4701 Koval Lane, inside the marquee ballroom on Tuesday from 10 a.m. to 4 p.m. and Wednesday from 1 p.m. to 7 p.m.
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