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MGM Resorts International News
MGM Mirage gets relief from vendors
18 Mar 2009
The casino operator is in danger of defaulting on $7 billion of its long-term debt but will get financial relief through the middle of May.
MGM Mirage talks collapse with Deutsche Bank
6 Mar 2009
MGM Mirage is in the hunt for financing for its $9.1 billion CityCenter project after talks with collapsed late Wednesday.
Vegas board backs sale of Treasure Island
5 Mar 2009
The Gaming Control Board approved Phil Ruffin's $775 million purchase of Treasure Island from MGM Mirage.
MGM Mirage's cash crunch
4 Mar 2009
Analysts now say MGM Mirage is at risk of filing for Chapter 11 bankruptcy protection as it enters the final stretch of building the $9 billion CityCenter.
MGM Mirage in talks with lenders
4 Mar 2009
Nevada's largest private employer and the Strip's biggest casino operator could be facing a bankruptcy filing.
MGM Mirage borrows from credit
2 Mar 2009
Three credit rating services devalued the company's bonds after the announcement and MGM Mirage's stock prices hit an all-time low.
MGM, Deutsche Bank discussing CityCenter financing
24 Feb 2009
MGM Mirage and Deutsche Bank are discussing a deal to secure financing for the $9.1 billion CityCenter project.
CityCenter starts accepting hotel reservations
23 Feb 2009
Two of MGM Mirage's $9.1 billion properties will begin accepting hotel reservations Monday morning.
Clark County issues notices about work CityCenter
13 Feb 2009
The notices document either problematic construction work or a failure to check work and have descended on the MGM Mirage project.
MGM Mirage ordered to recheck CityCenter inspections
9 Feb 2009
Clark County has banned and fined two inspectors who filed more than 60 false reports.
Moody's downgrades MGM Mirage debt
3 Feb 2009
Moody's Investors Service believes that MGM Mirage's earnings in 2009 will fall below previously anticipated results.
Penn National dispels Mirage deal talks
14 Jan 2009
A source says the casino operator is waiting for "better opportunities."
Lanni leaves on his terms
12 Jan 2009
The longtime MGM Mirage CEO left quietly without much more than a few exit interviews.
Murren making his mark on MGM Mirage
12 Jan 2009
MGM Mirage's new CEO has already sold Treasure Island to help finance a portion of the $9.1 billion CityCenter development.
New MGM Mirage CEO will "dramatically" cut debt
8 Jan 2009
News brief: James Murren also said he would consider further casino sales as he looks to overhaul the company's balance sheet.
291,000 to ring in 2009 in Las Vegas
31 Dec 2008
Rooms are booked, fireworks are set and Metro Police will be on standby tonight for Las Vegas’ busiest night of the year.
Treasure Island likely a domino standing alone
22 Dec 2008
MGM Mirage officials are taking exception to rampant speculation about which company properties could be sold next.
INSIDE GAMING: MGM Mirage has same cause despite change
22 Dec 2008
New MGM Mirage Chairman and CEO Jim Murren is just as committed and passionate as predecessor Terry Lanni.
THE STRIP: CityCenter to begin hiring process
19 Dec 2008
The $9.1 billion MGM Mirage project will begin filling more than 12,000 jobs on Jan. 5.
For strapped casino giant, sale provides sure cash
17 Dec 2008
MGM Mirage’s deal to sell Treasure Island will help it pay debt, fund CityCenter.
Treasure Island deal set
15 Dec 2008
Former New Frontier owner Phil Ruffin will buy the MGM Mirage property for $775 million.
MGM Mirage adds gaming element to international division
10 Dec 2008
With plans under way to develop a casino in Vietnam, the gaming giant created a division focused on international gaming expansion into new markets.
Gambling stocks down again in November
1 Dec 2008
MGM Mirage, Las Vegas Sands, Boyd Gaming and Wynn Resorts all post double-digit declines in their month-over-month daily price averages.
Web betting is wedge for Big Gaming
25 Nov 2008
Casino companies are at odds over the prospect of legalized Internet gambling.
Dubai World gets OK to increase ownership in MGM Mirage
21 Nov 2008
Dubai World has an agreement with MGM Mirage to acquire up to 20 percent of the company.
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