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MGM Resorts International News
MGM shareholder suit dismissal upheld
2 Jan 2014
The Nevada Supreme Court upheld the dismissal of shareholder complaints against several current and former officers and directors of MGM Resorts International over construction of the CityCenter project in Las Vegas.
MGM Resorts deemed suitable, Mohegan Sun announces casino deal
27 Dec 2013
MGM Resorts International and its partners were deemed suitable to operate a casino in Massachusetts, a crucial ruling by the state’s gaming commission that brings MGM’s $800 million resort in Springfield one step closer to reality.
State Gaming Commission finds MGM Resorts suitable to operate in Massachusetts
23 Dec 2013
Decision moves MGM Springfield another step closer to being awarded the sole license to operate a destination resort casino in Western Massachusetts.
MGM plans to refinance $500 million in debt
18 Dec 2013
The casino operator proposed issuing new debt due in March 2020 and would use the proceeds “for general corporate purposes,” which could include repaying some of the outstanding debt that matures in February.
Top Bay State gaming official rebuffs criticism
9 Dec 2013
Hearings over the next few weeks involving MGM Resorts International and Wynn Resorts Ltd. may provide a clearer idea of when casinos will open in Massachusetts.
MGM Resorts employees set record for largest food drive donation in Nevada
27 Nov 2013
Employees of MGM Resorts International more than doubled the amount of food donated to Three Square Food Bank in the largest-ever employee-donated canned food drive in Nevada.
Contract wins overwhelming approval of MGM Resorts International employees
22 Nov 2013
The contract is the first deal that Culinary Workers Local 226 and Bartenders Local 165 have reached with Las Vegas area hotel-casino operators since contracts covering some 40,000 workers expired on June 1.
Contract wins approval of MGM Resorts International employees
21 Nov 2013
MGM Resorts International employees overwhelmingly approved a new five-year contract with the Culinary and Bartender unions in a vote Wednesday.
Macau casinos produce record-breaking $4.6 billion in October
4 Nov 2013
The Macau Gaming Inspection and Coordination Bureau said Friday the results were a 31.7 percent increase over the October 2012 total.
MGM Resorts narrows losses, gains revenues in third quarter
1 Nov 2013
MGM Resorts Chairman Jim Murren said he expects to see additional improvements in upcoming quarters.
Hornbuckle to speak at inaugural LVGEA dinner
28 Oct 2013
Nevada Gov. Brian Sandoval will also address the audience.
MGM Resorts, Penn National win suitability ruling from Maryland regulators
11 Oct 2013
The ruling sets the stage for public hearings later this month into the three proposals for a casino license in Prince George’s County.
Conventions bookings are looking up for MGM
9 Oct 2013
MGM reports an increase in convention booking for 2014, with the hope that numbers will return to the healthy levels they were back in 2007.
Macau gaming revenues increase 21 percent in September to $3.6 billion
4 Oct 2013
The September results could have been higher if not for the disruption in travel caused by Typhoon Usagi at the end of the month
City Center operators seek new loans to refinance debt
1 Oct 2013
MGM Resorts International, which owns 50 percent of CityCenter and operates the 66-acre complex, has scheduled lender meetings in New York City to explore options to refinance the debt on the development
Companies hunt Japan-based casino sites
25 Sep 2013
Some casino companies reportedly looking for sites in Tokyo, as anticipation builds gaming law could change with 2020 Olympics acquisition.
MGM positive on casino license bids
20 Sep 2013
MGM Resorts International optimistic on National Harbor casino plan.
Reservations put rebranding of The Hotel on hold
16 Sep 2013
Increased convention and meeting business at the adjacent Mandalay Bay conference center is a sign the casino operator, which owns The Hotel and Mandalay Bay, has visitation requirements booked that would fill the 1,100 suites at The Hotel.
MGM seeks new home for 9/11 memorial
12 Aug 2013
MGM Resorts is working with first responders to find a new home for the memorial while the New York-New York undergoes construction.
Rant by Adelson surprises Murren
12 Aug 2013
MGM Mirage Chairman and CEO Jim Murren said his company and Caesars might have a better understanding of how Las Vegas works these days than does Sheldon Adelson.
MGM Resorts narrows second-quarter net loss, grows revenues
7 Aug 2013
The casino operator, which controls 10 Strip resorts, said it lost $92.9 million, or 19 cents a share, in the quarter that ended June 30.
Macau gaming revenues up 20 percent in July, 16 percent for 2013
2 Aug 2013
The growth surprised some prognosticators who expressed concerns of an economic slowdown in Asia.
MGM Resorts International creates four new positions
25 Jul 2013
The positions are in the company’s corporate diversity, philanthropy and community engagement department.
Massachusetts voters approve MGM Resorts casino plan
17 Jul 2013
In the final vote total, 57.6 percent of the voters favored the casino, while 42.4 percent opposed it. Almost 25 percent of all voters participated in the election.
Several factors should be considered before joining Strip building boom
15 Jul 2013
There’s an art to landing big contracts, especially if you’re a smaller, local operator. What’s more, today’s construction frenzy can teach any small company a few lessons on how — or even whether — to land those big fish.
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