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MGM Resorts International News
Hong Kong IPO looks promising for MGM
16 May 2011
A long-awaited stock offering by MGM Resorts International on the Hong Kong Stock Exchange is close to fruition, and it turns out the nearly 18-month wait could be profitable.
Hong Kong analysts confident on MGM Macau IPO
10 May 2011
An initial public offering by MGM Resorts International on the Hong Kong Stock Exchange could raise more than $1 billion.
MGM Resorts scales back Nevada hotel
9 May 2011
MGM Resorts International has closed a 500-room hotel tower and reduced restaurant and gaming activities at the Gold Strike in Jean.
Gaming revenues top $2.6 billion in Macau
3 May 2011
Casinos in the Chinese gaming enclave collected $2.6 billion in April from gamblers, a 44.6 percent increase compared to April 2010.
Hong Kong officials want more info on MGM IPO
29 Apr 2011
The Listing Committee of Hong Kong Exchanges & Clearing was reportedly concerned about the shareholding structure of MGM Resorts.
MGM Resorts will gain majority ownership of MGM Grand Macau
13 Apr 2011
The change in ownership will occur once MGM Resorts' initial public offering is listed on the Hong Kong Stock Exchange.
Nevada governor supports federal online poker legislation
12 Apr 2011
Gov. Brian Sandoval said he supported Congress approving online poker legislation rather than having the issue decided on a state-by-state basis.
Nevada gaming revenues fall again
11 Apr 2011
Statewide casino revenues dipped nearly 7 percent in February, which was Nevada's fourth straight monthly decline.
Macau sees historic March with $2.5 billion in revenue
1 Apr 2011
Macau casinos shatters its monthly gaming revenue records during March, collecting the equivalent of $2.5 billion from gamblers.
Southern Nevada the home of plenty of billionaires
11 Mar 2011
Forbes magazine released its list of the world's billionaires Wednesday, and 16 of those billionaires live or do business in Las Vegas.
Wynn Resorts named most admired Vegas company
4 Mar 2011
Fortune named Wynn Resorts the fourth most admired company in the category of hotels, casinos and resorts, the highest Las Vegas company.
February a mixed bag for gaming stocks
1 Mar 2011
Four out of the 10 publically traded casino companies and slot manufacturers charted by Applied Analysis say increases in their daily stock price.
Casinos rename their corporations for many reasons
28 Feb 2011
MGM Mirage and Harrah's Entertainment switched their corporate names last year for entirely different reasons.
MGM Resorts adding new options, fees
24 Feb 2011
MGM Resorts received criticism for a $20 charge to guarantee a nonsmoking room at the MGM Grand. The company has since removed the charge.
CityCenter condos bring in $490 million
16 Feb 2011
CityCenter condominium sales brought in $490 million in revenues in 2010, much less than the once anticpated $2.7 billion.
MGM founder donates $200 million to UCLA
15 Feb 2011
MGM Resorts International founder Kirk Kerkorian is transferring his $200 million charitable foundation to UCLA.
MGM Resorts says Egypt hotel will move forward
4 Feb 2011
MGM Resorts International says it still plans to move forward with a luxury hotel in Cairo, despite the massive unrest going on in the country.
MGM Resorts expected to report fourth quarter loss
27 Jan 2011
MGM Resorts announced it would release the company's fourth-quarter and full year 2010 results before the market opens on Feb. 14.
Tribal casino deals continue to thrive
26 Jan 2011
Deals between Native American tribes and major casino companies like Caesars Entertainment and MGM Resorts are becoming more common.
IGT, MGM Resorts release mobile Cleopatra slot
24 Jan 2011
International Game Technology and MGM Resorts International have launched the Cleopatra slot as part of the new M life Players Club iPhone application.
Gaming stocks rebound in 2010
3 Jan 2011
Stock prices for casino operators and slot machine manufacturers rebounded in 2010 following a disastrous 2009.
Business is booming for MGM in Macau
29 Dec 2010
MGM Resorts said the MGM Grand Macau had its best three-month period ever, earning operating income of $61 million.
CityCenter sees first year of ups and downs
14 Dec 2010
The CityCenter megacomplex in Las Vegas will celebrate its first anniversary on Thursday and saw a number of highs and lows.
IGT's American Idol slot hits MGM floors
10 Dec 2010
International Game Technology's American Idol video slots have arrived at MGM Resorts International properties as part of a 30-day exclusive partnership.
Gaming analyst boosts MGM Resorts prospects
8 Dec 2010
A gaming analyst at Sterne Agee was optimistic in a research note ahead of Thursday’s release of Nevada’s October statewide casino revenues.
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