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MGM Resorts International News
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.
MGM Resorts has inside track for newly approved sixth Maryland casino
16 Aug 2012
The sixth casino would be located in Prince George's County. MGM Resorts appears to have the inside track for the license, and proposes a $700 million complex in National Harbor, a development along the Potomac River, about 10 miles from Washington D.C.
Top Strip casino operators lay a dud
13 Aug 2012
The two casino companies that operate half of all the Strip's resorts told the investment community last week that they had lost a combined $387.2 million during the second quarter.
MGM Resorts chairman: Company strongest in three years
8 Aug 2012
Jim Murren said MGM Resorts, which had a cash balance of $1.7 billion at the end of June - plus long-term debt of $13.4 billion - was in a "favorable place" in the company's history.
The Hotel to be rebranded as Delano Las Vegas
7 Aug 2012
MGM Resorts International and Morgans Hotel Group announced an agreement Monday in which The Hotel will be renovated and redesigned. MGM Resorts, which owns Mandalay Bay, will manage the renamed property under a licensing agreement.
Judge gives OK to demolish Harmon Hotel
20 Jul 2012
Concluding four days of often technical testimony, Clark County District Court Judge Elizabeth Gonzalez ruled that CityCenter, developed and co-owned by MGM Resorts International and Dubai World, could proceed with plans to implode the troubled building.
MGM Resorts Foundation celebrates 10th anniversary, pledges $4.7 million to nonprofit charities
18 Jul 2012
Over the next year, more than 86 charities will benefit from grants distributed by The MGM Resorts Foundation, the philanthropic arm of MGM Resorts employees.
MGM Resorts wants new bidding process
11 Jul 2012
MGM Resorts wants a single bidding process rather the Massachusetts Gaming Commission's proposed two-stage process.
MGM Resorts International releases Corporate Responsibility Report
11 Jul 2012
Report reflects ongoing commitment to inspiring responsible behavior in Diversity & Inclusion, Philanthropy & Community Engagement, and Environmental Responsibility & Sustainability.
Nevadan at Work: MGM exec shows passion for greener business
1 Jul 2012
As the senior vice president of the sustainability division for MGM Resorts International, Cindy Ortega has made a career of getting other people excited about her ideas.
Macau gaming stocks fall after reports of visa, Chinese credit card restrictions
27 Jun 2012
Macau-based subsidiaries of Las Vegas Sands and Wynn Resorts declined sharply in value on the Hong Kong Stock Exchange.
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