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MGM Mirage (MGM) in the News

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MGM Mirage was founded with the intention of developing, operating and owning casinos in the United States. The company is based out of Las Vegas, Nevada, but has expanded far beyond the strip. They own over fifteen casinos in the US, and are partners in several others. MGM was founded in 1986, and is formerly known as MGM Inc. They have an alliance with the Indian tribe that owns Foxwoods Casino Resort in Connecticut. In addition to the casino resorts, MGM also has an interest in retail shops, restaurants, and entertainment at their locations. Mr. James J. Murren is the Chairman of the company. Mr. Daniel J D'Arrigo is the Executive Vice President and CFO.


Latest MGM Mirage Company Stock News


MGM Meets Credit Requirements With Note Offering

MGM Mirage successfully raised $826 million from the recent private debt offering of 9% senior secured notes.

MGM Settlement With New Jersey Regulators Approved

The New Jersey Casino Control Commission has approved the settlement reached between MGM Mirage and New Jersey Division of Gaming Enforcement to sell its stake in Atlantic City’s Borgata Hotel Casino & Spa.

MGM Appoints Former Lobbyist To Board

MGM Mirage has announced that William “Bill” Bible has been elected to fill one of three vacancies on the gaming company’s board of directors.

MGM Admired Among Industry Peers

Casino operator MGM Mirage has been named by Fortune Magazine as one of “America’s Most Admired Companies”.

MGM Threatened With Liens

According to a recent regulatory filing, MGM Mirage disclosed that a lien may be filed within the next two weeks on the $8.5 billion City Center project on the Las Vegas Strip.

MGM Reaches Settlement Over Atlantic City Casino

MGM Mirage has entered into a settlement agreement with the New Jersey Division of Gaming Enforcement (DGE) to sell its stake in Atlantic City’s Borgata Hotel Casino & Spa.

MGM Offers Senior Secured Notes

Casino operator MGM Mirage has announced that under the terms of the credit amendment entered into last month, they will begin offering up to $845 million in aggregate principal amount of its 9% senior secured notes due 2020 in a private placement.

MGM Ready For Hong Kong IPO

MGM Mirage will follow rival gaming companies Wynn Resorts and Las Vegas Sands onto the Hong Kong Stock Exchange later this year.

MGM Finalizes Amendment To Credit Facility

MGM Mirage has announced they have reached an agreement with a majority of its lenders to extend the due date on more than half of their debt.

Goldman Sachs Lowers EPS Estimates on MGM For FY10

Goldman Sachs lowered EPS estimates and target price for casino operator MGM Mirage following the news of another disappointing quarter.

MGM AT A Loss With Massive Rooms On The Strip

MGM Mirage posted a narrower loss for the fourth quarter as they launched the opening of the City Center in an area already struggling to fill hotel rooms.

Slot Revenue Down At MGM Grand at Foxwoods

Foxwoods Resort Casino and MGM Grand at Foxwoods, a joint venture partnership between MGM Mirage and the Mashantucket Pequot Tribal Nation reported a decline of 2.5% in slot win and 3.3% in total slot handle bringing the total of slot revenue for January to $51.6 million.

MGM Streamlines Customer Rewards With Dual Partnership

MGM Mirage has announced a partnership with ESS Analysis and A.T. Kearney to further enhance guest loyalty programs through a new level of customer database mining.

MGM Rings In A Lucrative Chinese New Year

The Chinese New Year celebration has become a central focus for casino operator MGM Mirage who has invested heavily in gaming operations in Macau.

MGM Finalizing Fourth Quarter and 2009 Financials

Las Vegas based casino operator MGM Mirage has announced that they will release their fourth quarter and full year 2009 financial results on February 18, 2010.

MGM In Settlement Talks With New Jersey

MGM Mirage may not have to sell its stake in Atlantic City’s Borgata casino, if settlement talks with the New Jersey Division of Gaming Enforcement are successful.

MGM Donates Millions To Las Vegas Museum

The Las Vegas Natural History Museum was able to open a new permanent exhibit last week due to a $3 million donation made by MGM Mirage.

MGM Lenders Vote On Extending Credit Facility

According to a recent report on Reuters, MGM Mirage is looking to amend a $5.5 billion credit facility.

MGM Will Finally Get Its Match

MGM Mirage will be able to recoup some of its losses after the cancellation of several of the 2010 lineups.

MGM Returns To Chamber

MGM Mirage has rejoined the Las Vegas Chamber of Commerce after a seven year separation.