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MGM Resorts International News
MGM Resorts selects president for Park Holdings
26 Sep 2014
Don Thrasher was most recently president of Circus Circus Las Vegas.
Former MGM executive McBeath joins Affinity Gaming shareholder
25 Sep 2014
Bill McBeath, who once oversaw Bellagio and CityCenter’s centerpiece Aria, joins the private equity firm that controls 33.7 percent of Las Vegas-based Affinity, owner of 11 casinos in four states.
Macau mired in cold streak
24 Sep 2014
On Monday, the Chinese gaming market was red-flagged when Wells Fargo Securities gaming analyst Cameron McKnight became the latest Wall Street researcher to post warning signals.
Gaming Insider: Social casino revenue headed above $2.7 billion
15 Sep 2014
The growing activity is one reason Station Casinos signed on with the myVegas social gaming site.
Boyd Gaming issues statement on MGM Resorts International's relicensing in New Jersey
10 Sep 2014
New Jersey Casino Control Commission's ruling that found MGM Resorts International qualified to resume as a 50% owner of Borgata Hotel Casino & Spa.
SLS, and visionary behind it, get warm Strip welcome
8 Sep 2014
Nazarian, 39, the visionary behind the Strip’s first major hotel-casino unveiling in four years, quickly learned he had support from the competition for the $415 million renovation of the Rat Pack-era Sahara.
Developer buying Railroad Pass from MGM
8 Sep 2014
Railroad Pass is being acquired by Henderson-based commercial real estate developer Joe DeSimone.
Delano Las Vegas: Where South Beach meets Mojave Desert
2 Sep 2014
MGM Resorts International completed the summer-long $80 million renovation of The Hotel, an 1,100-room nongaming property on the south Strip attached to Mandalay Bay.
Construction hums on $375 million Strip arena
21 Aug 2014
Set for a spring 2016 debut, the 20,000-seat venue is going up behind the New York-New York garage, just south of the City Center garage, with its entrance facing a plaza/pedestrian mall/park in the direction of Monte Carlo.
MGM Resorts takes steps to regain N.J. gaming license
20 Aug 2014
The settlement between MGM Resorts, Los Angeles-based Tracinda Corp., and the New Jersey Division of Gaming Enforcement was agreed upon in July.
Turnaround story unfolds for MGM Resorts International
18 Aug 2014
Following the company’s release of second-quarter earnings this month — a profit of $105.5 million on revenue of $2.6 billion — the investment community praised the company and lauded expansion opportunities in the U.S. and Macau.
Strip land values react to deal for Frontier site
18 Aug 2014
James Packer is forming a company with ex-Wynn Las Vegas President Andrew Pascal and investment firm Oaktree Capital Management to construct a hotel-casino on the 35-acre site where the New Frontier once was.
SLS could spur Strip's northern tip
18 Aug 2014
The old Sahara’s location at a somewhat desolate intersection at Las Vegas Boulevard and Sahara Avenue was a disadvantage, said SBE Entertainment CEO Sam Nazarian.
Strip properties power MGM earnings
6 Aug 2014
The casino giant said its net income for the quarter was $105.5 million, or 21 cents a share. A year ago, the company lost $92.9 million, or 19 cents a share.
Billionaire Packer linked to key Strip parcel
1 Aug 2014
Bloomberg News Service reported Thursday that Australian billionaire James Packer had acquired a portion of the loan covering the 34.5-acre site and would consider building a hotel-casino on the land.
Speakers lineup for G2E announced
31 Jul 2014
Producers of the G2E, scheduled from Sept. 30-Oct. 2 at the Sands Expo and Convention Center, announced the tradeshow and conference’s speaker list Wednesday.
Strip’s gaming revenue robust while regional markets struggle
28 Jul 2014
Moody’s Investors Service recently downgraded its view of the U.S. gaming market from “stable” to “negative,” putting all the blame on regional gaming destinations where weak results have investors sweating.
Regulators approve $100,000 fine for Aria
25 Jul 2014
The resort agreed to the fine earlier this month in a stipulated settlement with the Gaming Control Board.
High hopes for casinos in Japan
7 Jul 2014
Although nothing was resolved over the past few months in what seems to be a never-ending effort to bring casinos to Japan, gaming leaders and analysts walked away encouraged.
MGM plan for north Strip concerts, fairs slated to move ahead
30 Jun 2014
MGM Resorts International plans to bring concerts, festivals, live music and sporting events to the southwest corner of Sahara Avenue and Las Vegas Boulevard South.
Changing fortunes: Sports teams rise, fall — and so does Macau gambling
25 Jun 2014
In Macau, there are ominous signs the market will suffer its first gaming revenue decrease since June 2010.
Massachusetts voters can decide casino issue, court rules
25 Jun 2014
The state’s highest court said Tuesday voters can ultimately decide if Massachusetts can have gaming.
Coming down: MGM begins dismantling Harmon Hotel
23 Jun 2014
MGM Resorts International has begun the yearlong process of demolishing the only portion of the $8.5 billion, 67-acre CityCenter development that was never completed.
MGM Springfield wins first casino license in Massachusetts
13 Jun 2014
Massachusetts Gaming Commission unanimously supports MGM Resorts International's $800 million investment in Springfield
MGM Resorts International ranked one of the Top 100 Greenest Companies by Newsweek Magazine
6 Jun 2014
Company jumps 40 spots to #82 on the magazine's list of Most Sustainable Companies in the United States.
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