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MGM Resorts International News
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.
MGM Resorts' Maryland casino plans dealt a blow by state panel
22 Jun 2012
The collapse of negotiations is a blow to MGM Resorts' planned development at National Harbor in Prince George's County, about 10 miles from the Capitol.
MGM Resorts strikes deal for hotel-casino complex near Washington, D.C.
18 Jun 2012
The MGM Resorts-operated hotel-casino would become part of the National Harbor complex, which serves as a waterfront destination for the D.C. metro area.
MGM Resorts International and Peterson Companies to develop a resort casino at National Harbor
15 Jun 2012
Agreement entered into for MGM Resorts to develop a world-class destination resort casino at National Harbor.
Gaming companies place bets on social gaming sites
29 May 2012
In coming months, numerous social gaming casinos will come to fruition, easily eclipsing all the traditional land-based casinos scheduled to open in U.S. regional gaming markets this year.
MGM Resorts sees "imminent" approval for Cotai Strip
4 May 2012
MGM Resorts Chairman and Chief Executive Officer Jim Murren said Tuesday's announcement by Wynn Resorts Ltd. that it had received approval from Macau to build a $3 billion resort on Cotai is a positive sign.
MGM Resorts increase revenues 51 percent in first quarter, but net loss also grows
3 May 2012
The casino operator said Thursday it lost $203.3 million in the period that ended March 31, compared with a loss of $89.8 million in the same quarter last year.
Inside gaming: Gaming expansion elsewhere lifts Las Vegas
23 Apr 2012
Before the economy tanked and the Strip's building boom went bust, the development of multibillion-dollar hotel-casino projects centered on Las Vegas. Now those resorts are being built elsewhere.
Nevada's slot machine industry preparing for Internet gaming
23 Apr 2012
While state and federal lawmakers inch along toward legalization of online gaming,the casino industry's large slot machine makers are already lining up for a piece of the potential action.
MGM weighing options in Toronto, report suggests
18 Apr 2012
MGM Resorts International eyeing prospects for a hotel-casino development in downtown Toronto.
MGM Resorts plans zip lines for south Strip
6 Apr 2012
MGM Resorts are planning three zip lines to connect the Luxor to the Excalibur.
March mixed for gaming stocks
2 Apr 2012
Stock prices for one of the Las Vegas Strip's largest operators saw a small decline while two Vegas operators doing well in Asia saw increases.
MGM Resorts to seek alternative Mass. location
28 Mar 2012
MGM Resorts International has abandoned a proposed casino site in Massachusetts but plans to look for another location in the western part of the state.
Moody's: Las Vegas Strip gaining traction in recovery
20 Mar 2012
A Moody's gaming analyst said increased visitor volume and improving gaming revenues during 2011 have improved the prospects on the Las Vegas Strip.
MGM Resorts raises $1 billion in unsecured 10-year bonds
16 Mar 2012
MGM Resorts International issued $1 billion in unsecured 10-year bonds Thursday at the lowest interest rate the company has seen in five years.
Gaming industry staying away from Las Vegas Strip
13 Mar 2012
The industry is focusing on nongaming attractions instead of resort expansion along the Strip for the rest of the decade.
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