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MGM Resorts International News
MGM Resorts ends agreement to manage hotel-casino in Vietnam
8 Mar 2013
Pinnacle Entertainment disclosed that MGM Resorts exercised its right to end the agreement because the project did not achieve certain pre-opening milestones before March 1.
MGM Resorts chairman won't rule out selling Las Vegas properties
21 Feb 2013
Jim Murren made it clear MGM Resorts was not cashing out of some markets as it looks to invest in emerging gaming jurisdictions, such as Maryland, Massachusetts and Toronto.
UNLV stadium project faces stiff opposition, loses key backer
14 Feb 2013
MGM Resorts International had pledged $20 million to the project but on Wednesday issued a statement opposing the $900 million venue.
Infinity World chief joining MGM Resorts company board
13 Feb 2013
In a statement Tuesday, MGM Resorts officials said William Grounds, director and president of Infinity World Development Corp., will join the company's board.
MGM Resorts seeks return to Atlantic City gaming market
12 Feb 2013
The Las Vegas casino giant petitioned the New Jersey Casino Control Commission on Monday to reinstate the company's gaming license in Atlantic City.
Maintain wages, benefits, Culinary workers say
12 Feb 2013
Several thousand union members convened Monday in meetings at Cashman Center in different sessions to discuss upcoming contract talks.
MGM Resorts wants Toronto to bet on its complex
12 Feb 2013
One observer speculated Toronto has "no better than" a 50-50 chance of approving a casino.
MGM Resorts partners with Canadian real estate developer on potential Toronto casino
4 Feb 2013
MGM Resorts Chairman Jim Murren said the 50/50 joint venture with The Cadillac Fairview Corporation Ltd. gives the Las Vegas-based casino giant a partner with extensive Canadian development experience.
Some 100 condos at Veer Towers come onto market
26 Jan 2013
A New York investment group that bought 427 units at Veer in December is releasing inventory starting at $228,000 for a 534-square-foot studio unit.
Keynote lineup set for Gaming Technology Conference in Las Vegas
23 Jan 2013
The keynoters will be Shawn Rorick, New Media Strategist, Emerging Marketer, Inc.; Scott Voeller, Senior VP, Brand Strategy and Advertising, MGM Resorts International; and Staci Columbo-Alonso, VP of Global Marketing/CMO, International Game Technology.
Borgata parents could benefit if New Jersey legalizes Net bets
22 Jan 2013
The state's Internet gambling bill sitting on Gov. Chris Christie's desk could benefit the two Las Vegas gaming companies that own Atlantic City's largest resort.
MGM Resorts earns Gubernatorial Award for Volunteer Initiative, named Nevada's 2012 top company for volunteerism
18 Jan 2013
Governor Brian Sandoval has awarded MGM Resorts International the 11th Annual Nevada Governor's Points of Light Award for its employee volunteer initiative.
MGM Resorts passes second hurdle for Macau development
10 Jan 2013
Notice of the Las Vegas-based casino operator's plan was published Wednesday in Macau's official government gazette.
Macau approves MGM China's new casino project
9 Jan 2013
The Chinese arm of U.S. gambling giant MGM Resorts received a boost on Wednesday after the government formally approved the project.
MGM Resorts offers free Wi-Fi service at Las Vegas Strip casinos
9 Jan 2013
MGM Resorts said the system is currently live at Bellagio, MGM Grand, Mandalay Bay and The Mirage. The system is expected to be installed this year in the Monte Carlo, New York-New York, Luxor and Excalibur.
Shares of Las Vegas based companies post modest gains
6 Jan 2013
Las Vegas Sands led gainers with an increase of $1.43, or 2.87 percent, to close at $51.19 on the New York Stock Exchange.
New York investment firm buying 427 CityCenter condos for $119 million
26 Dec 2012
MGM Resorts International has announced the bulk sale of 427 condo units at Veer Towers, the twin residential towers at CityCenter, for $119 million, or about $279,000 per unit.
MGM Resorts raises more than $8 billion, completes "landmark refinancing"
21 Dec 2012
MGM Resorts, which has more than $13 billion in long-term debt, said it entered into a $4 billion amended credit agreement, issued $1.25 billion in new debt and retired older debt.
Mirage President Felix Rappaport will resign
19 Dec 2012
In a memo to employees, Rappaport, who has been president of The Mirage since September 2010, said he was leaving the resort at the end of the year.
Analyst gives MGM Resorts edge over Penn National in race for Massachusetts gaming license
17 Dec 2012
Credit Suisse gaming analyst Joel Simkins attended a Springfield town-hall-style meeting and came away with the impression that MGM Resorts is the “clear favorite” of Springfield officials.
MGM Resorts plans celebration of its workforce diversity
12 Dec 2012
The company will feature 70 of its employees in "Inspiring Our World," an original music program spanning multiple cultures and styles.
MGM Resorts in battle with Penn for lone western Massachusetts casino license
10 Dec 2012
Springfield leaders reportedly told officials from both MGM and Penn to play nice: The city doesn't want a repeat of what happened in Maryland.
Co-CEO of bwin.party announces retirement
6 Dec 2012
Jim Ryan, co-CEO of Gibraltar-based Bwin.party Digital Entertainment, said in a statement he would leave the world's largest online poker company Jan. 15.
Bill Hornbuckle tapped as president of MGM Resorts
5 Dec 2012
Hornbuckle, 54, will continue to serve as the chief marketing officer of MGM Resorts, a position he has held since 2009.
Macau gaming revenues grow 8 percent in November
4 Dec 2012
Wells Fargo Securities gaming analyst Cameron McKnight said economic data from China last week indicated the economic environment in the region may have stabilized
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