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MGM Resorts International (MGM.N)

MGM.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Starboard Value LP Reports Share Stake Of 2.9 Mln Shares In MGM Resorts International As Of March 31
Wednesday, 15 May 2019 03:52pm EDT 

May 15 (Reuters) - Starboard Value LP::STARBOARD VALUE LP REPORTS SHARE STAKE OF 2.9 MILLION SHARES IN MGM RESORTS INTERNATIONAL AS OF MARCH 31 - SEC FILING.  Full Article

MGM Resorts Prices $1.5 Bln Notes Offering By MGM China Holdings Limited
Wednesday, 8 May 2019 01:38pm EDT 

May 8 (Reuters) - MGM Resorts International ::MGM RESORTS INTERNATIONAL ANNOUNCES PRICING OF $1.5 BILLION SENIOR NOTES OFFERING BY MGM CHINA HOLDINGS LIMITED.MGM RESORTS INTERNATIONAL - UNIT PRICED UPSIZED OFFERING OF $750 MILLION OF 5.375% SENIOR NOTES DUE 2024, $750 MILLION IN OF 5.875% SENIOR NOTES DUE 2026.MGM RESORTS INTERNATIONAL - OFFERING OF NOTES WAS UPSIZED TO $1.5 BILLION FROM $1.25 BILLION.  Full Article

MGM Resorts International Announces Proposed Private Offering
Tuesday, 30 Apr 2019 04:51am EDT 

April 30 (Reuters) - MGM Resorts International ::MGM RESORTS INTERNATIONAL ANNOUNCES PROPOSED PRIVATE OFFERING BY MGM CHINA HOLDINGS LIMITED.MGM RESORTS INTERNATIONAL - PROPOSES TO OFFER $1.25 BILLION IN AGGREGATE PRINCIPAL AMOUNT OF SENIOR NOTES IN A PRIVATE PLACEMENT.MGM RESORTS - ISSUER INTENDS TO USE NET PROCEEDS FROM OFFERING OF NOTES TO REPAY AMOUNTS UNDER ITS REVOLVING CREDIT FACILITY AND TERM LOAN FACILITY.MGM RESORTS INTERNATIONAL - MGM CHINA HOLDINGS LIMITED ( "ISSUER"), UNIT OF COMPANY PROPOSES TO OFFER SENIOR NOTES IN A PRIVATE PLACEMENT.  Full Article

MGM Resorts International Announces Proposed Senior Notes Offering
Wednesday, 27 Mar 2019 09:03am EDT 

March 27 (Reuters) - MGM Resorts International ::MGM RESORTS INTERNATIONAL ANNOUNCES PROPOSED SENIOR NOTES OFFERING.MGM RESORTS INTERNATIONAL ANNOUNCES PROPOSED SENIOR NOTES OFFERING.MGM RESORTS INTERNATIONAL - PROPOSES TO OFFER $500 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF SENIOR NOTES DUE 2027.MGM RESORTS INTERNATIONAL - TO USE PROCEEDS, OTHER SOURCES, TO FUND PURCHASE OF UP TO $500 MILLION AGGREGATE OF OUTSTANDING 5.25% SENIOR NOTES DUE 2020.MGM RESORTS INTERNATIONAL - TO USE PROCEEDS, OTHER SOURCES, TO FUND PURCHASE OF UP TO $500 MILLION AGGREGATE OF OUTSTANDING 6.75% SENIOR NOTES DUE 2020.  Full Article

MGM Resorts International announces 'MGM 2020' plan
Thursday, 3 Jan 2019 08:45am EST 

Jan 3 (Reuters) - MGM Resorts International ::MGM RESORTS INTERNATIONAL ANNOUNCES 'MGM 2020' PLAN.MGM RESORTS INTERNATIONAL - STRATEGY TO REDUCE COSTS.MGM RESORTS INTERNATIONAL - EXPECTED ANNUALIZED ADJUSTED EBITDA UPLIFT OF $300 MILLION ACROSS DOMESTIC RESORTS.MGM RESORTS INTERNATIONAL - ADJUSTED EBITDA UPLIFT OF $300 MILLION IN AGGREGATE WILL CONSIST OF $200 MILLION BY END OF 2020 & AN ADDITIONAL $100 MILLION BY END OF 2021.MGM RESORTS - OVER NEXT FEW YEARS, EXPECT TO REALLOCATE A PORTION OF ITS ANNUAL CAPITAL EXPENDITURE BUDGET TO SPECIFIC TECHNOLOGY ADVANCEMENTS.MGM RESORTS INTERNATIONAL - "REMAIN FOCUSED ON PURSUING AN INTEGRATED RESORT OPPORTUNITY IN JAPAN".MGM RESORTS INTERNATIONAL-TO CREATE EFFICIENCIES, REALIZE $200 MILLION OF ANNUALIZED ADJUSTED EBITDA UPLIFT BY YEAR END 2020; HALF TO BE DRIVEN BY LABOR SAVINGS.MGM RESORTS INTERNATIONAL - WILL ENTER TWO MARKETS IN NEW YORK AND OHIO.  Full Article

MGM Resorts Says Co Entered 1st Amendment To Amended & Restated Credit Agreement, Dated As Of April 25, 2016
Friday, 28 Dec 2018 05:07pm EST 

Dec 28 (Reuters) - MGM Resorts International ::MGM RESORTS INTERNATIONAL - ON DEC 21, CO ENTERED 1ST AMENDMENT TO AMENDED & RESTATED CREDIT AGREEMENT, DATED AS OF APRIL 25, 2016.MGM RESORTS INTERNATIONAL - AMENDMENT INCREASED AND EXTENDED THE REVOLVING FACILITY TO PROVIDE FOR $1,500 MILLION IN BORROWING CAPACITY DUE 2023.MGM RESORTS INTERNATIONAL - AMENDMENT INCREASED AND EXTENDED EXISTING TERM LOAN A FACILITY TO $750 MILLION DUE 2023.  Full Article

MGM Casino Exploring Caesars Merger, Hires Morgan Stanley- NY Post
Monday, 5 Nov 2018 03:05am EST 

Nov 5 (Reuters) - :MGM CASINO EXPLORING CAESARS MERGER, HIRES MORGAN STANLEY: NY POST CITING SOURCES.  Full Article

MGM Resorts, MGM Growth Properties Announce Agreement For Hard Rock Rocksino In Ohio
Wednesday, 19 Sep 2018 09:00am EDT 

Sept 19 (Reuters) - MGM Growth Properties LLC ::MGM RESORTS INTERNATIONAL AND MGM GROWTH PROPERTIES LLC ANNOUNCE AGREEMENT FOR HARD ROCK ROCKSINO IN NORTHFIELD, OHIO.MGM GROWTH PROPERTIES LLC - MGM RESORTS WILL PAY TOTAL CONSIDERATION OF APPROXIMATELY $275 MILLION.MGM GROWTH PROPERTIES LLC - TRANSACTION EXPECTED TO BE ACCRETIVE FOR MGM RESORTS AND MGP WITHIN FIRST YEAR OF OPERATIONS.MGM GROWTH PROPERTIES - ROCKSINO TO BE ADDED TO EXISTING MASTER LEASE BETWEEN MGM RESORTS & MGP AND ANNUAL RENT PAYMENT TO MGP WILL INCREASE BY $60 MILLION.  Full Article

MGM Growth Properties To Acquire Empire City Casino In Yonkers
Tuesday, 29 May 2018 08:30am EDT 

May 29 (Reuters) - MGM Growth Properties LLC ::TOTAL CONSIDERATION OF $850 MILLION FOR REAL ESTATE AND OPERATIONS.MGM RESORTS INTERNATIONAL AND MGM GROWTH PROPERTIES LLC ANNOUNCE TRANSACTIONS TO ACQUIRE EMPIRE CITY CASINO IN YONKERS, NEW YORK.MGP TO PAY CONSIDERATION OF $625 MILLION TO MGM RESORTS FOR DEVELOPED REAL ESTATE ASSETS.TRANSACTION EXPECTED TO BE ACCRETIVE FOR BOTH MGM RESORTS AND MGP.SUBSEQUENT TO EMPIRE CITY DEAL, MGM RESORTS, MGP AGREED MGM RESORTS WILL SELL DEVELOPED REAL PROPERTY TO MGP FOR ABOUT $625 MILLION.EXPECTS TO FUND DEAL WITH CASH, BORROWINGS, ISSUANCE OF OPERATING PARTNERSHIP UNITS TO UNIT OF MGM RESORTS.MGM RESORTS BELIEVE DEAL WILL BE VALUE-ACCRETIVE WITHIN FIRST YEAR OF CLOSE.  Full Article

Tracinda Places Order To Sell 10 Million Shares Of MGM Resorts International's Common Stock
Wednesday, 6 Dec 2017 06:20am EST 

Dec 6 (Reuters) - Mgm Resorts International ::TRACINDA CORP - ON DEC 4, TRACINDA PLACED AN ORDER TO SELL 10 MILLION SHARES OF MGM RESORTS INTERNATIONAL'S COMMON STOCK AT $33.89 PER SHARE - SEC FILING.TRACINDA CORP - TRANSACTION IN MGM RESORTS INTERNATIONAL'S SHARES IS EXPECTED TO BE SETTLED ON DEC 7, 2017.TRACINDA CORP - IN CONNECTION WITH THE SALE, TRACINDA HAS AGREED TO A 45-DAY LOCK-UP PERIOD WITH RESPECT TO MGM RESORTS INTERNATIONAL'S COMMON STOCK.TRACINDA CORP SAYS IT CONTINUES TO BELIEVE THERE IS SUBSTANTIAL VALUE IN ASSETS OF MGM RESORTS AND COMPANY IS A GOOD LONG TERM INVESTMENT.  Full Article

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Wynn Resorts ceases talks with MGM to sell $2.6 billion Massachusetts casino

Wynn Resorts Ltd said on Tuesday the company has decided to stop talks with MGM Resorts International to sell its Encore Boston Harbor casino.