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MGM Resorts International News
MGM Mirage compliance heads in new direction
11 Jan 2007
During the Nevada Gaming Control Board meeting, MGM Mirage announce the company's new direction for its compliance committee, creating a three-member panel in which its members are completely independent from the casino company.
Kerkorian stock buy falls short
8 Jan 2007
A move by billionaire investor Kirk Kerkorian to significantly increase his majority ownership in MGM Mirage fell short of its goal Friday.
Tracinda reports MGM Mirage shares update
5 Jan 2007
Tracinda Corporation today announced the expiration and preliminary results of its Offer to purchase up to 15,000,000 shares of MGM Mirage common stock for the price of $55.00 per share.
Mashantucket Pequot and MGM Mirage Sign Deal
18 Dec 2006
The Mashantucket Pequot Tribal Nation and MGM Mirage have signed and entered into a series of agreements to implement their multi-faceted strategic alliance.
MGM Mirage neutral on Tracinda offer
15 Dec 2006
MGM Mirage maintains a neutral position in response to an unsolicited tender offer by its majority stockholder, Tracinda Corporation.
MGM Mirage in talks for China project
13 Dec 2006
MGM Mirage is in advanced discussions with the Diaoyutai State Guesthouse in Beijing, People's Republic of China aimed at creating a strategic relationship to pursue non-gaming business opportunities
MGM Mirage, Mubadala Development sign deal
6 Dec 2006
MGM Mirage and Mubadala Development Company of Abu Dhabi, U.A.E., have signed a memorandum of understanding with the aim of creating a strategic relationship.
Las Vegas Sands to launch online casino
5 Dec 2006
Las Vegas Sands shocked the online gambling world this week by announcing it would launch a real-money Internet casino for the U.K. this spring.
Tracinda commences offer for MGM Mirage
4 Dec 2006
Tracinda Corporation today announced that it has commenced its previously announced cash tender offer at $55.00 per share for up to 15,000,000 shares of common stock, par value $.01 per share, of MGM Mirage.
Analysts: Casino stock index reaches high
1 Dec 2006
Outside forces, rather than performance, drove the average daily stock prices of three of the gaming industry's largest operators to double-digit increases during November.
Jeff Simpson sees good signs in local casino operators' confidence in their businesses
28 Nov 2006
Nevada's biggest and best casino operators seem to have more confidence in the value of their businesses than Wall Street investors.
Casino shares rise on new bid
27 Nov 2006
Billionaire Kirk Kerkorian, the majority shareholder in gaming giant MGM Mirage, took steps Wednesday to increase his controlling ownership stake in the company.
Kerkorian to boost MGM Mirage stake
24 Nov 2006
Billionaire Kirk Kerkorian, the majority shareholder in gaming giant MGM Mirage, took steps Wednesday to increase his controlling ownership stake in the company.
Tracinda makes offer for MGM Mirage shares
22 Nov 2006
Tracinda Corporation today announced that it intends to make a cash tender offer for up to 15,000,000 shares of common stock, par value $.01 per share, of MGM Mirage at a price of $55.00 per share.
Exec: Still chance for online gambling
16 Nov 2006
News Brief: New Democratic leadership in the U.S. Congress could provide a chance to explore legalization of online gambling, the chief executive of casino operator MGM Mirage said on Wednesday.
AGA considers alternative to online gambling prohibition
13 Nov 2006
The American Gaming Association's board of directors will meet next month to consider whether to lobby the next Congress to establish an independent research study of Internet gambling policy.
Inside gaming column: Nonprofits probably sorry to see Stardust go
6 Nov 2006
A selection of news and views from inside the industry this week.
CASINO EARNINGS: MGM hits, Station misses
3 Nov 2006
Glenn Christenson, Station Casino’s chief financial officer, blamed the missed financial targets on "fairly isolated" reasons.
MGM Mirage beats Street
3 Nov 2006
MGM Mirage wowed investors Thursday with third-quarter earnings that surpassed most expectations.
MGM Mirage reports record results
2 Nov 2006
MGM Mirage
reported its third quarter 2006 financial results, achieving record third
quarter revenues and earnings.
MGM Mirage CEO profiled in book
2 Nov 2006
MGM Mirage Chairman and CEO Terry Lanni discusses the importance of diversity in business and life in a new book entitled CEOs Who Get It: Diversity Leadership from the Heart and Soul.
MGM Mirage to sell Primm Valley Resorts
1 Nov 2006
MGM Mirage will sell its Buffalo Bill's, Primm Valley and Whiskey Pete's hotel-casinos to Herbst Gaming, Inc. for $400 million.
MGM Mirage Endowment funds scholarships
1 Nov 2006
With a $1 million gift from MGM Mirage, the university will establish the MGM Mirage Academic Excellence Scholarship Endowment.
Casino company earnings: Big Six swinging big sticks
24 Oct 2006
It's likely that the Big Six gaming operators combined will hit a financial home run when they start reporting their results for the third quarter later this week.
MGM Mirage serves up diverse talents
20 Oct 2006
Two MGM Mirage executive chefs will showcase their talents at the Taste of EBONY, an event that celebrates the contributions of African-Americans in the culinary arts.
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