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MGM CEO Jim Murren To Step Down, Withdraws Guidance
Wednesday, February 12, 2020 - 4:42pm | 210Read More...MGM Resorts International (NYSE: MGM) announced on Wednesday afternoon that CEO Jim Murren will step down and the committee is working to replace him. Murren is to step down from his position as chairman and CEO prior to the expiration of his contract. He has served as CEO of MGM Resorts since 2008...
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NBA, MGM Resorts Announce Breakthrough Sports Betting Partnership
Tuesday, July 31, 2018 - 2:03pm | 516Read More...One day after MGM Resorts International (NYSE: MGM) announced it's developing a $200-million sports betting and interactive gaming platform in a joint venture with GVC Holdings PLC, the company announced a partnership with the NBA. What Happened MGM resorts and the NBA have signed a multiyear...
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Why Is Las Vegas Getting Pro Sports Leagues' Attention?
Sunday, April 2, 2017 - 12:15pm | 597Read More...Las Vegas sports fans may soon have a lot more to cheer about. Sports And Las Vegas The NHL’s Las Vegas Golden Knights will take over as Las Vegas’ first ever major league sports franchise starting in the 2017–2018 season. But according to Las Vegas Mayor Carolyn Goodman, the city...
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MGM Appoints James Stewart To Lead Its REIT Segment
Thursday, January 14, 2016 - 12:44pm | 299Read More...Shares of MGM Resorts International (NYSE: MGM) were trading higher by 0.6 percent at $20.14 early Thursday afternoon. The company appointed a real estate and banking veteran to head its recently created MGM Growth Properties business. MGM announced that James C. Stewart, an ex-managing...
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MGM CEO: 'We're Doing Better, Thank God'
Wednesday, September 30, 2015 - 7:34am | 461Read More...Shares of MGM Resorts International (NYSE: MGM) lost nearly 18 percent year-to-date and 20 percent from a year ago. MGM's CEO Jim Murren said during the Global Gaming Expo that his company is "doing better." Investors and traders aren't showing much faith in the...
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MGM Proxy Battle? Latest Letter From Land & Buildings
Wednesday, April 1, 2015 - 3:55pm | 649Read More...Casinos own a lot of expensive real estate in order to entice customers to stay, gamble, eat and party, and recently many of them have either spun out these assets to take advantage of a REIT structure or are seriously considering the proposal. Activist investor and Land and Buildings...
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MGM Resorts Misses Q3 Estimates, Shares Fall
Thursday, October 30, 2014 - 7:40am | 255Read More...MGM Resorts International (NYSE: MGM) reported financial results Thursday for the quarter ended September 30, 2014. Diluted loss per share for the third quarter of 2014 was $0.04, while the average estimate expected earnings of $0.06. This compares to a diluted loss per share of $0.05 in the...
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MGM Reports Q1 Losses, Positive About 2011
Thursday, May 6, 2010 - 9:59am | 145Read More...MGM Mirage Inc (NYSE: MGM) reported losses of $96.7 million or $0.22 a share for the first quarter, as compared to net income of $105.2 million or $0.38 a share in the year-ago period. While the losses were in-line with the guidance, they were lower than the Street view. MGM’s revenues for the...
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MGM Mirage CEO Optimistic About Company, Las Vegas (MGM)
Wednesday, March 3, 2010 - 10:09am | 260Read More...MGM Mirage (NYSE: MGM) CEO Jim Murren was on CNBC's Squawk on the Street to discuss the repackaging of its debt this morning. The company borrowed an immense amount of money during the days of easy credit, and now has to repackage $14 billion in debt to finance upgrades and expansions in Asia....
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MGM Mirage (MGM) Is Gaining Market Share In Macau
Monday, September 7, 2009 - 8:51am | 300Read More...The WSJ reported MGM Mirage (NYSE: MGM) has seen a "profound" improvement in the performance of its struggling casino in Macau this summer, Chief Executive Jim Murren said in an interview Friday with the WSJ. MGM Mirage had been losing the battle for customers against Las Vegas Sands (NYSE: LVS)...
