International Business News - MGM http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif MGM Mirage's stock dropped Thursday as an analyst cautioned that the casino operator's high-end Las Vegas Strip properties are showing signs of weakness in the third quarter to date. http://www.ibtimes.com/articles/20080904/mgm-down-as-analyst-cautions-on-las-vegas-strip.htm Thu, 04 Sep 2008 17:57:45 EDT For much of the last 30 years, the casino experience in Atlantic City has involved sand, seagulls and the Boardwalk. Now in an effort to survive withering competition from Pennsylvania and New York slots parlors, the city is considering expanding casino gambling into areas that were never envisioned when gambling was approved here in the 1970s. http://www.ibtimes.com/articles/20080904/atlantic-city-eyes-new-casino-far-from-others.htm Thu, 04 Sep 2008 10:44:27 EDT Standard & Poor's Ratings Services said Wednesday it may lower its ratings on MGM Mirage on concerns that the casino and hotel operator may violate the terms of its bank lending agreements. http://www.ibtimes.com/articles/20080903/s-p-may-cut-mgm-ratings-on-liquidity-concerns.htm Wed, 03 Sep 2008 16:54:40 EDT Shares of Gulf Coast casino operators got a boost Tuesday as worries about damage from Hurricane Gustav receded, although investors pared those gains later in the day after analysts said closures may put pressure on earnings estimates. http://www.ibtimes.com/articles/20080902/shares-of-gulf-coast-casino-operators-gain.htm Tue, 02 Sep 2008 20:04:10 EDT Casino companies with operations in the Chinese enclave of Macau mostly declined on Tuesday, as any positive effect from a local news report showing a 44 percent jump in gambling revenues in August was tempered by analysts' cautions that government restrictions may slow future gains. http://www.ibtimes.com/articles/20080902/some-casino-stocks-dip-despite-macau-revenue-gain.htm Tue, 02 Sep 2008 19:59:58 EDT Macau casinos could benefit from new regulations allowing direct flights between mainland China and Taiwan, Jefferies Research analysts said in a note Tuesday. http://www.ibtimes.com/articles/20080902/ahead-of-the-bell-macau-casinos.htm Tue, 02 Sep 2008 08:59:08 EDT A Clark County investigation has found that the exterior of the Monte Carlo hotel-casino contained an unapproved material that spurred the spread of a January rooftop fire. http://www.ibtimes.com/articles/20080829/probe-unapproved-material-spread-vegas-hotel-fire.htm Fri, 29 Aug 2008 17:04:30 EDT Oscar De La Hoya has nearly wrapped up a deal to finish his boxing career Dec. 6 against Filipino star Manny Pacquiao, two people with knowledge of the negotiations told The Associated Press on Wednesday. http://www.ibtimes.com/articles/20080827/sources-de-la-hoya-finishing-deal-with-pacquiao.htm Wed, 27 Aug 2008 18:06:49 EDT Metro-Goldwyn-Mayer Studios Inc. said Monday it is "not for sale" following a report in BusinessWeek that MGM's owners were looking to sell the movie company for $5.2 billion. http://www.ibtimes.com/articles/20080825/mgm-studios-says-it-is-not-for-sale.htm Mon, 25 Aug 2008 18:21:56 EDT Shares of many major casino operators fell on Monday as oil prices showed some volatility. The decline followed the sector's sharp gains on Friday, when a drop in oil prices pushed up shares of gambling companies. http://www.ibtimes.com/articles/20080825/many-casino-operators-stocks-fall.htm Mon, 25 Aug 2008 14:37:57 EDT Among the stock activity stories for Monday, Aug. 25, from AP Financial News: NEW YORK (AP)--MGM Mirage's stock gave up some of Friday's gains--when shares spiked 20 percent--as oil prices rose Monday and an analyst said MGM's CityCenter development in Las Vegas is likely to weigh on the casino operator's stock. http://www.ibtimes.com/articles/20080825/movers-roundup-mgm-mirage-ldk-solar.htm Mon, 25 Aug 2008 14:20:49 EDT MGM Mirage's stock gave up some of Friday's gains--when shares spiked 20 percent--as oil prices rose on Monday and an analyst said MGM's CityCenter development in Las Vegas is likely to weigh on the casino operator's stock. http://www.ibtimes.com/articles/20080825/mgm-shares-give-up-some-of-fridays-gains.htm Mon, 25 Aug 2008 17:16:11 EDT Shares of casino operators rebounded Friday as oil prices fell and Wall Street was cheered by Federal Reserve Chairman Ben Bernanke's comments that the central bank is unlikely to soon raise interest rates. http://www.ibtimes.com/articles/20080822/sector-wrap-casino-operators-rebound.htm Fri, 22 Aug 2008 16:12:27 EDT Shares of major casino operators with properties in Macau slipped on Wednesday as investors grappled with shifting oil prices and a news report that the Chinese government may place new restrictions on visits to the gambling enclave. http://www.ibtimes.com/articles/20080820/macau-casino-operators-shares-decline.htm Wed, 20 Aug 2008 17:38:40 EDT Comcast Corp. and Metro-Goldwyn-Mayer Inc. said Tuesday they are teaming up to introduce a video-on-demand channel featuring action movies and TV shows. http://www.ibtimes.com/articles/20080812/comcast-mgm-to-launch-action-movie-vod-channel.htm Tue, 12 Aug 2008 15:01:29 EDT A Kansas board picking managers for four state-owned casinos plans to finish a series of public hearings around the state with three days of meetings starting Wednesday in Wyandotte County. http://www.ibtimes.com/articles/20080812/kansas-board-holds-public-hearings-on-casino-plans.htm Tue, 12 Aug 2008 12:37:01 EDT Gambling revenue dipped 1.1 percent for the state of Nevada in the month of June as revenue collected by the largest casinos on the Las Vegas Strip fell, according to data released by the Nevada Gaming Control Board on Monday. http://www.ibtimes.com/articles/20080811/nevada-reports-decline-in-june-gambling-revenue.htm Mon, 11 Aug 2008 15:59:34 EDT The American Gaming Association spent $400,000 in the second quarter to lobby on Internet gambling regulations and other issues, according to an amended disclosure report. http://www.ibtimes.com/articles/20080808/american-gaming-assn-spent-400k-to-lobby-in-2q.htm Fri, 08 Aug 2008 16:47:17 EDT Ratings service Fitch Ratings revised MGM Mirage's outlook to "Negative" from "Stable" Friday because of sluggishness in the gambling market and uncertainty about securing funding for CityCenter, its next major casino project on the Las Vegas Strip. http://www.ibtimes.com/articles/20080808/fitch-lowers-mgm-outlook-to-negative.htm Fri, 08 Aug 2008 16:20:29 EDT MGM Mirage's shares dropped on Wednesday, losing some of the prior day's gains, as investors absorbed the casino operator's second-quarter results, which were hampered by weak spending, lower room rates and a disappointing performance in Macau. http://www.ibtimes.com/articles/20080806/mgm-shares-drop-1-day-after-reporting-2q-results.htm Wed, 06 Aug 2008 13:39:22 EDT