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MGM Resorts International News
Aria President, COO Bill McBeath resigns
4 Dec 2012
MGM Resorts International, which owns 50 percent of CityCenter and operates the Strip development, released a memo announcing McBeath's resignation.
Macau: Cash cow for Nevada gaming companies
4 Dec 2012
With a month left in 2012, most gaming analysts expect Macau to post an annual gaming revenue increase between 8 percent and 12 percent beyond 2011's record haul of $33.5 billion.
Bwin's chief questioned; expect scrutiny
19 Nov 2012
Reports surfaced early last week in Belgium that Bwin.party co-CEO Norbert Teufelberger was questioned by police in Brussels.
Regulators license MGM Resorts' planned Web gambling subsidiary
16 Nov 2012
MGM Resorts International's planned online gaming subsidiary was licensed Thursday by the Nevada Gaming Commission to operate an interactive poker website in Nevada.
Nevada Gold & Casinos names MGM Resorts executive CEO
13 Nov 2012
Michael Shaunnessy will take over as president and CEO on Dec. 1, the company said last Monday.
Fitch affirms view of Boyd, downgrades Borgata
13 Nov 2012
Fitch said increased competition from the Revel in Atlantic City, which opened in May, and competition from casinos in New York, Pennsylvania, Delaware and Maryland could slice into Borgata's market share.
Murren signs new contract agreement with MGM Resorts International
12 Nov 2012
MGM Resorts International Chairman and Chief Executive Officer Jim Murren signed a new employment agreement with the Strip casino giant that keeps him in his current position through 2016.
After enduring $90 million fight, Maryland voters OK new casino
7 Nov 2012
With 94 percent of precincts reporting, Maryland residents favored Question 7 by a vote of 51.6 percent to 48.4 percent. The measure will place a new casino in suburban Prince George's County.
Maryland vote pits bully, new kid
4 Nov 2012
Maryland voters will determine if the state becomes a multimillion-dollar gambling jurisdiction or a multibillion-dollar casino-resort destination. We'll also find out whether MGM Resorts puts the bully in its place, or if Penn National is still king of the school.
MGM Resorts International, two other companies recommended for online poker license
2 Nov 2012
Nevada's State Gaming Control Board on Thursday recommended licensure for MGM Online LLC, as well as boutique firms Z4Poker LLC of Las Vegas and Cams LLC of Los Angeles.
MGM Resorts International reports $181.2 million third-quarter loss
1 Nov 2012
The Las Vegas-based company lost $181.2 million, or 37 cents per share, in the three months ended Sept. 30, compared with a loss of $123.8 million, or 25 cents, a year earlier.
MGM anticipates online gaming license, state compacts
1 Nov 2012
MGM Resorts International Ltd's CEO expects his company to obtain an online gaming license from Nevada regulators this week, and said states are talking with each other to forge alliances to create a viable interactive gambling market.
MGM gets approval to build Cotai hotel
23 Oct 2012
The company paid $56 million for the land, and government officials will arrange for publication of the land concession contract in the Official Gazette of Macau.
A fight to the finish in Maryland
22 Oct 2012
Rival casino giants MGM Resorts International and Penn National Gaming have financed the most expensive and vitriolic campaign ever witnessed in the state of Maryland over Question 7.
MGM gets approval to build Cotai hotel
19 Oct 2012
MGM Resorts International was approved by the Macau government Thursday to build a $2.5 billion hotel-casino on the Coati Strip region.
Former MGM Resorts exec Creighton rejoins company
10 Oct 2012
Lorenzo Creighton has rejoined MGM Resorts and will focus on the company's efforts to develop hotel-casinos in potential eastern U.S. gaming markets.
Maryland casino referendum launches big spending
17 Sep 2012
So far the scorecard reads: MGM Resorts, $5.4 million in campaign contributions; Penn National, $9.5 million.
MGM Resorts prices $1 billion in new unsecured debt
17 Sep 2012
Earlier, the casino operator announced the pursuit of $700 million in new debt but later kicked up the figure by $300 million. The transaction is expected to close Wednesday.
MGM Resorts International named a Best Company for Diversity
12 Sep 2012
MGM Resorts ranked 26th on a list of 55 companies and secured a spot as the only gaming corporation to rank in this year's competition.
CityCenter's performance turns corner, and MGM is glad
11 Sep 2012
Last month, MGM Resorts executives told investors that CityCenter's total cash flow (pretax earnings) was a record $71 million for the second quarter that ended June 30.
Third parties help casinos draw patrons
3 Sep 2012
The idea of leasing out retail, club, sports book or restaurant space to a third-party operator is now woven into the fabric of the Las Vegas resort industry.
Sheldon Adelson visits Toronto mayor to lobby for casino
24 Aug 2012
In the latest sign of the high-rollers’ interest in a Toronto casino, Sheldon Adelson, the billionaire gambling magnate and Republican megadonor, has paid a personal visit to Mayor Rob Ford.
MGM Resorts announces plans to develop Downtown Springfield dining, retail, entertainment district
22 Aug 2012
MGM unveil plans to develop an $800 million world-class dining, retail and entertainment district on tornado-damaged land in Downtown Springfield.
MGM, Penn prepare for battle over sixth casino in Maryland
20 Aug 2012
Marylanders, get ready for a mudslinging sequel.
MGM Resorts internship program helps high-school grads
20 Aug 2012
MGM Resorts was one of several local companies that partnered with Workforce Connections Las Vegas to be part of the summer program.
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