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MGM Resorts International News
Sales spark surge for MGM Mirage
3 Aug 2007
Becoming a seller has been a profitable move for MGM Mirage.
MGM Mirage reports strong results
2 Aug 2007
MGM Mirage today
reported its Q2 financial results, achieving the company's
highest ever Q2 diluted earnings per share from continuing
operations of $0.62, a 27% increase over the $0.49 per share earned in 2006.
Exclusive Resorts enters Las Vegas market
1 Aug 2007
Exclusive Resorts today announced that it will develop and own 30 luxury condominiums at MGM MIRAGE's highly anticipated Vdara at CityCenter on the Las Vegas Strip.
Culinary turns to others as MGM Mirage talks stall
25 Jul 2007
The Culinary Union will open contract talks with a number of other Strip casino operators this week as it tries to isolate MGM Mirage, whose negotiations with the union have stalled.
MGM Mirage selects NEC
23 Jul 2007
NEC Unified Solutions, Inc. has been selected by MGM Mirage to provide a new IP telecommunications solution for the Company’s Luxor Hotel & Casino and Excalibur Hotel & Casino properties.
Union: 'Myriad' issues with MGM Mirage
29 Jun 2007
A disagreement on how MGM Mirage and Culinary Union Local 226 would structure future wage increases for 21,000 employees covered under a collective bargaining agreement has emerged as the major sticking point to resolving current contract negotiations, according to an internal company memorandum.
GAMING COMPANIES: MGM shares take a wild ride
21 Jun 2007
Two announcements a half-hour apart played havoc with the company's stock price, but also signaled a significant development move on land MGM Mirage recently acquired on the Strip's northern end.
MGM Mirage, Kerzner International to develop Las Vegas resort
20 Jun 2007
MGM Mirage and Kerzner International Holdings Limited report that the companies have entered into a letter of intent to form a 50/50 joint venture to develop a multi- billion dollar integrated resort property on the Las Vegas Strip.
MGM Mirage responds to Tracinda advice
20 Jun 2007
MGM Mirage reports that its majority stockholder Tracinda Corporation advised the Company's Board of Directors that it had determined not to pursue negotiations regarding a possible acquisition of the Company's Bellagio and CityCenter properties.
Marketplace: Always a step
11 Jun 2007
At an age when his contemporaries either have retired, gone bust or passed on, billionaire financier Kirk Kerkorian is still refining the art of the deal.
MGM Mirage presents annual diversity report
11 Jun 2007
MGM Mirage executives today presented the company's Annual Diversity Report at its Beau Rivage Resort and Casino in Biloxi.
MGM Mirage receives award
7 Jun 2007
MGM Mirage Chairman and CEO Terry Lanni today received the Global Diversity and Innovation Award during the 2007 World Diversity Leadership Summit at the United Nations in New York City.
MGM Mirage completes Laughlin sale
1 Jun 2007
MGM Mirage has completed its previously announced sale of the Colorado Belle and Edgewater hotel-casinos located in Laughlin, Nevada, to a group led by Anthony Marnell III for $200 million.
Casino giants lengthen collective agreements with union
1 Jun 2007
MGM Mirage and Harrah's have agreed to extend its collective bargaining agreement with the state's largest labor union beyond last night's expiration date.
Q+A: Gamal Aziz
30 May 2007
The latest annual report for MGM Mirage forgoes descriptions of casino floors in favor of haute cuisine, stage performances and museum pieces.
MGM Mirage forms new luxury resort subsidiary
29 May 2007
MGM Mirage reports the formation of MGM Mirage Hospitality, LLC, a new corporate subsidiary principally focused on extending the company's renowned hotel brands and developing new luxury hotel brand concepts for destinations in the U.S. and abroad.
Jeff Simpson tells why Kerkorian's bombshell is one of the biggest to hit Las Vegas' business world
28 May 2007
In the nearly eight years Jeff Simpson's spent covering the casino industry, he says there have been few public announcements as dramatic as the one made Monday afternoon by Kirk Kerkorian's investment arm, Tracinda Corp.
MGM Mirage transactions committee selects advisors
25 May 2007
MGM Mirage Transactions Committee of the MGM Mirage Board of Directors has engaged UBS Investment Bank, as its financial advisor, and Weil, Gotshal & Manges LLP, as its legal advisor, to assist it in this process.
MGM Mirage committee studies bid
24 May 2007
Shares of MGM Mirage settled down Wednesday while the company's board of directors appointed a three-person committee to study a move by Tracinda Corp. to acquire two of the company's largest properties.
MGM Mirage lauds gains in hiring, contracting
24 May 2007
MGM Mirage extolled the virtues of its corporate diversity initiatives.
MGM Mirage champions diversity evolution
24 May 2007
MGM Mirage today announced that its Diversity Initiative continues to experience gains in key areas such as human resources, strategic sourcing, construction and corporate philanthropy.
Surprise offer a shrewd move
23 May 2007
Last year's acquisitions by private investors of the Four Seasons and Fairmont Hotels chains, each worth about $4 billion, weren't lost on MGM Mirage bosses.
MGM Mirage forms transaction committee
23 May 2007
MGM Mirage's Board of Directors has formed a Transactions Committee to consider Tracinda's offer and strategic alternatives available to MGM Mirage
Execs reap rewards
23 May 2007
As the gaming industry has expanded its reach around the globe, top executives have reaped the rewards: increasingly lucrative pay packages, wider use of company aircraft, personal security services and substantial executive retirement payments.
MGM Mirage names new board member
23 May 2007
MGM Mirage reports that former Nevada Gov. Kenny C. Guinn has been elected to the Company's Board of Directors.
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