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MGM Resorts International News
Echelon not alone in cuts
12 Aug 2008
With work on Echelon grinding to a halt, people are wondering what project might be next.
Fitch drops outlook for MGM Mirage
11 Aug 2008
Fitch Ratings said Friday it had lowered its outlook of MGM Mirage to negative from stable because of the weakening gaming sector and challenges the company is facing to secure the final $3 billion of financing for its massive CityCenter development.
Moody's downgrades Black Gaming bonds
6 Aug 2008
MGM Mirage's lower-end properties, which depend on customers driving into town, have been the most hurt in the economic downturn.
Citycenter development: Financing fears 'overdone'
6 Aug 2008
Wall Street's concerns about MGM Mirage's delay in completing financing for its massive CityCenter development are overblown, MGM Mirage executives said Tuesday.
MGM Mirage halts Jean project
5 Aug 2008
MGM Mirage on Monday officially pulled the plug on a planned mixed-use development in Jean, blaming the sour economic climate.
MGM Mirage reports results
5 Aug 2008
MGM Mirage reports the Company achieved 97% occupancy at its Las Vegas Strip resorts, while company-wide net revenue declined 2%.
MGM Mirage, Dubai World late in raising funds
29 Jul 2008
News Brief: MGM Mirage and Dubai World are late in raising as much as $3.5 billion for their $11.2 billion CityCenter project in Las Vegas because banks saddled with debt to casinos and hotels are wary of making new loans.
MGM Mirage chief upbeat
25 Jul 2008
MGM Mirage executives seem willing of late to go out on a limb, what with the company’s chief executive proposing a controversial increase in the business payroll tax to shore up the state budget.
Inside gaming column: Hellmuth all the rage at poker's main event
21 Jul 2008
The poker community is abuzz over what some believe was special treatment Harrah's Entertainment officials gave superstar Phil Hellmuth during the World Series of Poker's main event.
Nevada trio kill Michigan bill
3 Jul 2008
Nevada’s three House members had worked tirelessly to defeat a Michigan gaming bill.
MGM Mirage makes BE magazine list
2 Jul 2008
For the fourth consecutive year, Black Enterprise magazine has named MGM Mirage one of the "40 Best Companies for Diversity" in the U.S. MGM Mirage is the only company in the gaming industry named to the list.
MGM Mirage makes "100 Best Places to Work In IT" list
2 Jul 2008
Computerworld magazine has named MGM Mirage to its list of "100 Best Places to Work In IT" recognizing companies that excel at keeping their Information Technology workers well-compensated, well-trained and satisfied on the job.
The Water Club opens its doors
2 Jul 2008
Boyd Gaming Corporation and MGM Mirage announce the opening of The Water Club, a signature hotel by Borgata Hotel Casino and Spa in Atlantic City.
Ex-Mirage exec awarded $4.5 million judgment
19 Jun 2008
Court ruled MGM Mirage wrongfully fired Robert Kocienski, the former chief financial officer at The Mirage from 2000 to 2003.
MGM announces nongaming hotel project in China
19 Jun 2008
MGM Mirage and its Chinese joint-venture partner announced their first nongaming hotel project in mainland China on Wednesday.
Lanni proposed payroll tax hike
18 Jun 2008
MGM Mirage Chief Executive Terry Lanni said increasing the state’s businesswide payroll tax from 0.63 percent to 1.23 percent could generate $246 million a year for the state.
Orlando chuckles at Vegas' expense
6 Jun 2008
The Orlando Convention and Visitors Bureau has come up with an advertising slogan that is drawing chuckles at Las Vegas’ expense.
MGM Mirage presents diversity report
4 Jun 2008
MGM Mirage executives today presented for the first time the company's Annual Diversity Report at its MGM Grand Detroit property.
MGM Mirage drops Kansas bid
28 May 2008
MGM Mirage and Foxwoods Development withdrew its proposal to operate a casino near Mulvane along the Kansas Turnpike in Sumner County, Kansas.
Now let's play the 'Price is Right'
23 May 2008
Does CityCenter, which for a long time was given a $7 billion price tag, actually cost $8.1 billion, $8.4 billion, $8.5 billion, $9.2 billion or $11.2 billion?
MGM Mirage Diversity Initiative gains momentum
23 May 2008
MGM Mirage today announced that its Diversity Initiative continues to gain momentum in key areas such as human resources, strategic sourcing, construction and corporate philanthropy.
Developers find retail haven in Las Vegas
21 May 2008
Millions of square feet of upscale retail development remain in the pipeline for Las Vegas despite a shaky national economy that has sales drying up in Southern Nevada.
Union tactics test limits
20 May 2008
A campaign to organize MGM Mirage security guards has turned ugly, with the union’s lead organizer comparing casino executives to terrorists and threatening to bring homeless people and prostitutes to the picket line to make things unpleasant for the company’s customers.
The Strip: A drive for diversity
19 May 2008
MGM Mirage involves companies owned by minorities, women and disabled people in CityCenter.
CityCenter budget hits $9 billion
15 May 2008
The cost to build MGM Mirage's massive CityCenter development has cracked the $9 billion mark.
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