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MGM Resorts International News
MGM reports $883 million net loss
3 Aug 2010
The Las Vegas-based casino giant said its second quarter net loss was $883 million compared to a loss of $212 million in the same quarter last year.
Casino industry outlook still uncertain
30 Jul 2010
Moody's Investors Service said there is a "high degree of uncertainty" over how much gaming trends will improve through the end of the year.
Shareholders approve of MGM Mirage name change
16 Jun 2010
Shareholders of MGM Mirage approved a proposal at their annual meeting that will change the company's name to “MGM Resorts International.”
MGM Mirage, Sands, Wynn stocks decline slightly
4 Jun 2010
The stock prices for MGM Mirage, Las Vegas Sands and Wynn Resorts all showed slight declines in May.
MGM Mirage says it is paying CityCenter subcontractors
4 Jun 2010
The casino giant says it has begun the process of paying subcontractors involved with the construction of the CityCenter project in Las Vegas.
MGM Mirage launches five iPhone apps
1 Jun 2010
The five free applications are dedicated to Las Vegas and allow gamers to review casinos, learn rules of the game, and log into the Player’s Club to earn rewards.
Governor, MGM Mirage meet over disputed payments
27 May 2010
CityCenter CEO Bobby Baldwin vowed to pay subcontractors who claim they are owed almost $400 million following a meeting between MGM Mirage executives and Gov. Jim Gibbons.
MGM Mirage invites subcontractors to meeting
26 May 2010
The casino company will invite CityCenter subcontractors to discuss what can be down to settle some $390 million in disputed claims.
CityCenter continues to close condo sales
25 May 2010
Condominium closings at the Las Vegas megaresort have totaled $118 million in sales at a pace not originally desired by MGM Mirage.
Governor meets with Perini officials over MGM Mirage dispute
24 May 2010
Gov. Jim Gibbons held a meeting with general contractor Perini Building over a payment dispute for the CityCenter project.
John Paulson now second-largest MGM Mirage shareholder
18 May 2010
The billionaire acquired 40 million shares of MGM Mirage, as well as 4 million shares of Boyd Gaming, during the first quarter of this year through his hedge fund.
MGM Mirage reports net loss of $96.7 million
7 May 2010
Wall Street was not surprised that the casino giant reported a loss of $96.7 million in the first quarter.
MGM Mirage hopes for quick resolution to CityCenter feud
7 May 2010
MGM Mirage CEO said he hopes the company's dispute with Perini Building Co. over payment of $500 million in CityCenter construction costs will be settled in quickly in Clark County District Court.
Fallen Oak earns major Golfweek honor
28 Apr 2010
The luxury course at Beau Rivage Resort & Casino in Biloxi earned the No. 10 ranking on Golfweek's "Best Tour Courses You Can Play" list.
MGM Mirage asks shareholders for name change
20 Apr 2010
MGM Mirage wants to change its name to MGM Resorts International, but The Mirage is not on the market.
Vegas makes room for stranded visitors
20 Apr 2010
The canceled flights due to the volcanic eruption in Iceland have left some casino operators with an overflow crowd of European guests who can't get home.
CityCenter unveils model units at Mandarin Oriental
16 Apr 2010
Officials at the Las Vegas resort showed off two stylishly designed model units on the Mandarin Oriental's 24th floor.
MGM Mirage stock drops more than five percent
16 Apr 2010
Shares of MGM Mirage fell a day after the company told investors it expected to report a $96.7 million loss in the first quarter.
CityCenter to report $255 million loss
15 Apr 2010
The Las Vegas mega-complex is expected to report an operating loss of $255 million in the first quarter when MGM Mirage releases earnings in early May.
Analysts boost prospects for three casino operators
14 Apr 2010
Analyst Steven Kent of Goldman Sachs and Joe Greff of JPMorgan increased their price target for MGM Mirage and Greff also upped his opinion of Wynn Resorts and Las Vegas Sands Corp.
Illinois investigating MGM Mirage's Macau partner
5 Apr 2010
The Illinois Gaming Board is investigating the business partnership between MGM Mirage and Hong Kong businesswoman Pansy Ho.
Perini files major lawsuit against MGM Mirage over CityCenter
29 Mar 2010
Perini Building filed a lawsuit Thursday against MGM Mirage, seeking $492 million for unpaid construction work.
Would Pansy Ho get a Nevada gaming license?
19 Mar 2010
Nevada Gaming Control Board Chairman Dennis Neilander said that he "didn't know" if he could answer a question on whether Pansy Ho would win a Nevada gaming license.
Macau may take back land promised to casino operators
17 Mar 2010
Macau's chief executive said Macau may seek to reclaim land promised to casino operators, with the sites being used for other development purposes.
Contractor plans liens against CityCenter owners
15 Mar 2010
MGM Mirage and Perini Building Co. are disputing payment of almost $500 million for construction of the CityCenter mega-development.
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