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MGM Resorts International News
Inside Gaming: Revival not fueled by gaming
21 May 2014
“The most important economic data points are all trending in the right direction,” says Station Casinos Chief Financial Officer Marc Falcone, who spent more than a decade as a Wall Street analyst. “The only place we’re not seeing it is in gaming revenue.”
Cosmopolitan of Las Vegas sold to Blackstone Group for $1.73 billion
16 May 2014
The deal is subject to approval of Nevada gaming regulators.
New feel, new story as The Hotel becomes Delano
13 May 2014
Details of the $80 million renovation were announced in late April and when the project is completed by September, nearly every square foot of public space inside the 1,100-room nongaming hotel will be enhanced.
Inside Gaming: Weight of debt will not go away
13 May 2014
Last Tuesday, Caesars announced a five-step plan for eliminating the company’s 2015 financial obligations and reduce the upcoming debts due in 2016 and 2017.
Macau April gaming revenue enough to ease worries of a market slowdown
5 May 2014
Macau’s Gaming Inspection and Coordination Bureau said Friday casinos collected $3.9 billion in gaming revenue during April, a 10.6 percent increase over April 2013.
MGM details $80 million rebranding of The Hotel to Delano Las Vegas
2 May 2014
The transformation began this month and the renovations are scheduled to be completed by September.
Author of report says both sides misrepresent study on Web gambling, money laundering
30 Apr 2014
Online gaming is “the most prominent method” used by cybercriminals to launder money, according to a report released last week by cyber security firm McAfee.
MGM Resorts posts best quarterly operating performance since 2008
30 Apr 2014
The Las Vegas-based casino giant said its net income for the quarter that ended March 31 was $108.2 million, or 21 cents per share.
MGM aims to make a bit of the Strip a more interesting place to walk and play
29 Apr 2014
MGM Resorts International unveiled plans for an eight-acre outdoor destination on the Strip that will connect the New York-New York and Monte Carlo with a pedestrian-friendly environment.
Nikodemus named COO of MGM Resorts International regional division
29 Apr 2014
In the new role, Nikodemus will oversee MGM Resorts’ casino operations in Mississippi, Detroit, and projects planned for Springfield, Mass., and Prince George’s County, Md.
MGM Resorts unveils expanded plans, programming for "The Park" in Las Vegas
28 Apr 2014
MGM Resorts International has unveiled expanded plans for its dynamic park, dining and entertainment district taking shape on the west side of The Strip.
MGM Resorts named among nation's top companies for diversity by DiversityInc
25 Apr 2014
MGM Resorts International (MGM) has earned the Number One ranking on the "Top 10 Regional Companies" list for diversity best practices.
Casino industry wrestles with issues surrounding medical marijuana
21 Apr 2014
With a state law in place calling for up to 66 potential medical marijuana outlets throughout Nevada, the issue is finding its way into gaming headquarters.
MGM Resorts, Hakkasan Group announce formation of joint venture
21 Apr 2014
MGM Resorts International and the Hakkasan Group have announced the formation of a joint venture hotel management company called MGM Hakkasan Hospitality.
Macau casinos again top $4 billion in monthly gaming revenues
4 Apr 2014
Macau’s gaming market grew revenue 13.1 percent during March with $4.4 billion collected in gaming revenue, according to figures released Tuesday by the Gaming Inspection and Coordination Bureau.
Nevada gaming revenues down 13.7 percent in February
31 Mar 2014
Clark County as a whole saw gaming revenue decline 15.2 percent.
Culinary and Bartender workers authorize strike
31 Mar 2014
The authorization comes after a more than a year-and-a-half of negotiation with the casinos, Culinary Local 226 spokeswoman Bethany Khan said.
Sands board member becomes online gaming company stakeholder
28 Mar 2014
A member of the Sands board of directors, Jason Ader, has become the second-largest shareholder in European gaming giant Bwin.party, a position seemingly at odds with Adelson's anti-online gaming stance.
Inside Gaming: Fattest fines have come in a flurry
25 Mar 2014
In total, the Nevada Gaming Commission has settled more than $8 million in fines since January 2013.
Time helps change perspective of analysts on MGM Resorts
25 Mar 2014
MGM Resorts’ stock price is nearing levels unseen by investors since before the recession. Shares are up roughly 104 percent in the past 12 months.
Murren wants AGA to dial down the rhetoric on Web poker
24 Mar 2014
Jim Murren, chairman and CEO of MGM Resorts International and chairman of the American Gaming Association, wants AGA to dial down its lobbying and advocacy efforts on behalf of legalizing Internet poker.
Gaming Commission OKs $500k fine against Mandalay Bay, signals rest of industry
21 Mar 2014
In addition to the fine, the company agreed to a $17,000 reimbursement of investigative expenses.
LVH workers, Culinary and Bartenders unions reach agreement
20 Mar 2014
Workers at LVH have reached a tentative agreement on a new five-year contract with the Culinary Workers Local 226 and Bartenders Local 165.
Revenue from Macau casinos enriches industry billionaire
19 Mar 2014
It makes sense that the region — the only location in China with casinos — is creating more gaming industry billionaires than Las Vegas.
Thunder Valley partners with MGM's "M Life" to expand member benefits
18 Mar 2014
Thunder Valley Casino Resort and MGM Resorts International are proud to announce a strategic marketing relationship to enhance their respective rewards programs, Thunder Rewards and M life, and benefits offered to loyal members.
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