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MGM Resorts International News
Harrah's, MGM Mirage make Fortune 500
20 Apr 2009
Harrah's and MGM Mirage were the only two Las Vegas gaming companies made this year's Fortune 500 list.
CityCenter project intended to be completed
20 Apr 2009
Word has surfaced that MGM Mirage and Dubai World have reached an agreement to complete the $8.7 billion Strip project.
Group trying to force MGM into bankruptcy
17 Apr 2009
A report in the Wall Street Journal said that former owner of the Stratosphere and a large investor in Cannery Casinos are trying to force MGM Mirage into bankruptcy.
MGM Mirage debt payment delayed
14 Apr 2009
MGM Mirage will attempt to repair its relationship with CityCenter partner Dubai World before Friday's due date.
Leaders of Vegas' top industry put on a different face
13 Apr 2009
MGM Mirage CEO Jim Murren said last month he harbors no ill will toward people who think the company will fail.
MGM CEO getting a pay boost
13 Apr 2009
MGM Mirage Chairman and CEO Jim Murren will receive a base salary of $2 million and is eligible for bonuses up to $4.25 million annually.
MGM Mirage turns attention to bank negotiations
10 Apr 2009
MGM Mirage's talks to obtain a $750 million loan from Colony Capital have been put on hold as they negotiate with banks.
Crown denies CityCenter report
7 Apr 2009
The Australian-based company denied reports that it planned to invest in the $8.7 billion CityCenter development.
MGM Mirage to sell Biloxi, Detroit resorts
7 Apr 2009
The casino operator has hired Morgan Stanley to evaluate sales offers for the MGM Grand Detroit and the Beau Rivage.
Crown Ltd. weighing a stake in CityCenter
6 Apr 2009
News brief: The Australian-based gambling company is weighing a stake in the $8.6 billion Las Vegas development.
MGM Mirage stock jumps at CityCenter news
3 Apr 2009
There have been reports that Colony Capital might be the financial savior of the $8.7 billion CityCenter development.
Inverstor may help financially troubled CityCenter
2 Apr 2009
Colony Capital, owner of the Las Vegas Hilton and 75.9 percent of Station Casinos, could help the financially troubled CityCenter.
MGM Mirage has month to make play
31 Mar 2009
The financially troubled casino giant has until the end of April to either proceed with the $8.7 billion CityCenter development or cut its losses.
As MGM honored, economy challenges diversity efforts
30 Mar 2009
The much-honored MGM Mirage diversity program this month received another prestigious award.
Unemployment would bump if CityCenter falls through
30 Mar 2009
A Vegas economist said the unemployment rate in Southern Nevada would increase 1 percent if there was any long-term disruption to building the $8.7 billion CityCenter development.
CityCenter workers thrilled to remain employed
30 Mar 2009
The $8.7 billion project's 8,500 construction workers remain employed after MGM Mirage made a $200 million debt payment.
MGM makes $200 million debt payment
30 Mar 2009
The $8.7 billion CityCenter project avoided a bankruptcy filing after MGM Mirage made a $200 million debt payment.
CityCenter may land in bankruptcy
27 Mar 2009
The multi-billion dollar MGM Mirage project, billed as the most expensive commercial development in U.S. history, may end up in bankruptcy court.
Reid, Ensign made calls to banks for MGM
25 Mar 2009
Senators’ intervention raises ethical questions.
Tropicana creditors want Vegas property split from company
25 Mar 2009
Creditors of bankrupt Tropicana Entertainment LLC want the Tropicana hotel-casino on the Las Vegas Strip to be split off from the parent company.
CityCenter partner might want more say
25 Mar 2009
Dubai World argues MGM Mirage has defaulted on its CityCenter agreement, giving the foreign conglomerate the legal right to sever the relationship.
MGM Mirage plans to finish CityCenter
25 Mar 2009
MGM Mirage said that a lawsuit filed by partner Dubai World was "completely without merit" and that it still plans to complete the $9.1 billion project.
CityCenter partner wants out
24 Mar 2009
A lawsuit filed by Dubai World says the MGM Mirage is to blame for the $9.1 billion project's shaky status.
Cheap rooms could sell casinos short
23 Mar 2009
A business model gaming companies have followed for decades has turned into a precarious balancing act, as casinos slash room rates to levels not seen in more than a decade.
MGM Mirage will need aid
19 Mar 2009
A gaming analyst said that 60 days is not enough time for MGM Mirage to restructure and the gaming giant will need the help of a bankruptcy court.
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