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MGM China Booted From Major Hong Kong Equity Benchmark by Index Provider MSCI
MGM China Holdings Ltd., the operator of two Macau casinos, is being removed from the MSCI Hong Kong Index by the benchmark's issuer. MSCI, one of the world's largest providers of indexes...
MGM Springfield Possible Sale, Leaseback Called Unlikely Given Regulatory Hurdles
If MGM Resorts tries to sell its MGM Springfield casino and then lease back the venue, the proposal would face certain scrutiny from the Massachusetts Gaming Commission (MGC) and apparently skeptical city...
MGM Resorts Earnings Seen as ‘Squishy,’ Draw Mixed Emotions From Noted Gaming Analyst
MGM Resorts International (NYSE:MGM) stock is slightly higher in midday trading. That comes a day after the company reported third-quarter results that missed Wall Street forecasts, while revealing some softness on the...
MGM Shares Volatile After Hours as Las Vegas Numbers Disappoint, But Macau Surprises, MGM Grand Deal Could Come Early 2020
Shares of MGM Resorts International (NYSE:MGM) slid more than three percent during Wednesday's after-hours session.? That happened after the company reported third-quarter results that missed estimates. The stock was lower by almost...
MGM Resorts International Responds to Dismissal Motion in Federal Lawsuit Over Joint Tribal Casino in Connecticut
On Tuesday, MGM Resorts International filed its response in federal court to a motion made by the US Interior Department to dismiss the Las Vegas company’s lawsuit over a proposed casino in...
MGM Resorts International Establishes Online Betting Partnership With Yahoo Sports
MGM Resorts International and Yahoo! Sports have entered into a long-term relationship that will allow the Las Vegas gaming company to connect its sports betting online platform to the popular sports website....
MGM Draws More Praise For Asset Sales With Analysts Bullish on Macau Prospects
MGM Resorts International (NYSE:MGM) continues drawing praise for its recently announced sales of the Bellagio and Circus Circus on the Las Vegas Strip, with analysts extolling the advantages of those deals while...
MGM Resorts Bellagio, Circus Circus Sales Have Positive Credit Implications, Says Moody’s
Last week, MGM Resorts International (NYSE:MGM) confirmed that it's selling the Bellagio to a real estate partnership controlled by Blackstone Group Inc. (NYSE:BX) for $4.25 billion, and the Circus Circus to Treasure...
Encore Boston Harbor Gaming Revenue Dips in September, MGM Springfield Posts Second-Worst Month of 2019
Encore Boston Harbor extended its dominance of the Massachusetts casino landscape in September, posting gross gaming revenue of $48.95 million, though that was below the August tally of $52.48 million, according to...
Blackstone Banks on Bellagio in $4.25 Billion Deal With MGM Resorts International, Ruffin Gets Circus Circus For $825 Million
In a widely anticipated move, MGM Resorts International (NYSE:MGM) formally announced today it is selling the Bellagio on the Las Vegas Strip to a real estate investment trust (REIT) controlled by private...