Key Developments: MGM Resorts International (MGM)

MGM on New York Consolidated

22.51USD
22 Sep 2014
Price Change (% chg)

$-0.61 (-2.64%)
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$23.12
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Latest Key Developments (Source: Significant Developments)

MGM Resorts International gives Q3 2014 RevPAR outlook - Conference Call
Tuesday, 5 Aug 2014 11:00am EDT 

MGM Resorts International:Anticipate RevPAR growth of about 5 pct in Q3 2014.  Full Article

Suzo-Happ Group's SHIFT Interactive secures agreement with Casino Powerhouse MGM Resorts International
Thursday, 31 Jul 2014 11:00am EDT 

MGM Resorts International and Suzo-Happ Group's SHIFT Interactive:Announce a multi-year agreement has been signed to support the launch of the highly anticipated, InteractivePro Table (IPT).Initial 20 InteractivePro Tables will be installed during this initial market-testing phase beginning July 28, at two of Las Vegas' landmark casinos: MGM Grand and The Mirage.  Full Article

MGM Resorts International gives Q2 2014 RevPAR outlook - Conference Call
Tuesday, 29 Apr 2014 11:00am EDT 

MGM Resorts International:Expects Q2 2014 RevPAR to grow by about 5 pct.  Full Article

MGM Resorts International and Hakkasan Group announce formation of joint venture hotel company MGM Hakkasan Hospitality
Tuesday, 15 Apr 2014 08:00am EDT 

MGM Resorts International and Hakkasan Group:Forms joint venture hotel management company, to be named MGM Hakkasan Hospitality.Strategic alliance will focus on the design, development and management of luxury non-gaming hotels, resorts and residential offerings under the Bellagio, Hakkasan, MGM Grand and SKYLOFTS brands in key international gateway cities and prime resort destinations across the globe.  Full Article

MGM Resorts International gives Q1 2014 RevPAR guidance - Conference Call
Thursday, 20 Feb 2014 11:00am EST 

MGM Resorts International:Sees Q1 2014 RevPAR to be up about 10 pct year over year.  Full Article

MGM Resorts International declares final dividend
Wednesday, 19 Feb 2014 08:00am EST 

MGM Resorts International:Declares a final dividend for 2013 of $128 mln to MGM China shareholders subject to approval at the 2014 annual shareholders meeting.If approved, MGM Resorts International will receive $65 million, its 51 pct share of this dividend.Says in addition, MGM China's Board of Directors announced a special dividend of $500 mln, which will be paid to shareholders of record as of March 10, 2014 and distributed on or about March 17, 2014.MGM Resorts International will receive $255 mln, its 51 pct share of the special dividend.  Full Article

MGM Resorts International completes $500 million senior notes offering
Thursday, 19 Dec 2013 09:24am EST 

MGM Resorts International:Says it has completed its previously announced issuance of $500 million in aggregate principal amount of 5.25 pct senior notes due 2020, which were issued at par.Says it intends to use the net proceeds of the offering for general corporate purposes, which may include repaying a portion of its outstanding 5.875 pct senior notes due Feb. 2014 at maturity.  Full Article

MGM Resorts International prices $500 mln in senior notes
Monday, 16 Dec 2013 06:12pm EST 

MGM Resorts International:Prices public offering of $500 mln in aggregate principal amount of 5.25% senior unsecured notes due Mar. 31, 2020 at par.Says the transaction is expected to close on Dec. 19.Says it plans to use the net proceeds of the offering for general corporate purposes, which may include repaying a portion of its outstanding 5.875% senior notes due Feb. 2014 at maturity.Says Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc. and J.P. Morgan Securities LLC will act as joint book-running managers for the proposed offering.Says BNP Paribas Securities Corp., Citigroup Global Markets Inc., Credit Agricole Securities (USA) Inc., RBS Securities Inc., SMBC Nikko Securities America, Inc., Morgan Stanley & Co. LLC, Scotia Capital (USA) Inc. and UBS Securities LLC will act as co-managers for the proposed offering.  Full Article

MGM Resorts International proposes senior notes offering
Monday, 16 Dec 2013 08:15am EST 

MGM Resorts International:Proposes to offer $500 million in aggregate principal amount of senior unsecured notes due Mar. 31, 2020.The company plans to use the net proceeds of the offering for general corporate purposes, which may include repaying a portion of its outstanding 5.875% senior notes due Feb. 2014 at maturity.Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc. and J.P. Morgan Securities LLC will act as joint book-running managers for the proposed offering.  Full Article

MGM Resorts International Comments On Q4 2013 RevPAR Guidance-Conference Call
Thursday, 31 Oct 2013 11:00am EDT 

MGM Resorts International announced that it expect its fourth-quarter 2013 room revenue to be up slightly year-over-year on relatively flat RevPAR.  Full Article

MGM Resorts cleared to re-enter ailing Atlantic City market

ATLANTIC CITY N.J. - MGM Resorts International won regulatory permission on Wednesday to re-enter the Atlantic City casino market after a 20-month investigation focusing on the company's ties to Pansy Ho, the richest woman in Hong Kong, who New Jersey gaming regulators considered an unsuitable partner.

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