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MGM
MGM Mirage Seeks to Divest Stake in Atlantic City Casino - http://nyti.ms/cMl5gW $MGM
MGM
Reading: "MGM to divest from Atlantic City $MGM Good Move"( http://twitthis.com/qigwvq )
MGM
MGM Mirage selling 50% stake in A.C.'s Borgata. $MGM up 2.3% to 10.98 premarket. #finance http://bit.ly/b2PXDD
MGM
$MGM MGM Mirage May Drop Atlantic City Casino For Macau Partner // Sitting on 50 RSI on weekly, sitting on 50 day weekly. Bounce here.
MGM
Loan #mkt better bid: Bombardier $1 billion Sr. Notes, Freescale $750 mln 10-yr 1st Lien, block of $MGM revolver auctioned tomorrow morning
MGM
Sold my 1k of $MGM at 11.16 for +280
MGM
Most active Twitter stocks 8:00AM-9:00AM $goog $ctic $es_f $eurusd $cagc $ym_f $gbpusd $mgm $yrcw $amzn Details at http://topstocktweets.com
MGM
$MGM MGM MIRAGE Files SEC form 8-K, Regulation FD Disclosure (EDGAR Online) http://bit.ly/bHQuA3
MGM
$MGM strong this AM and has been strong for a while relative to the market
MGM
$MGM Mirage Announces Launch of Credit Facility Amendment and Extension Transaction
MGM
@BeautyOvaAtriLL lolzz lUBbzz U cuzziiIN!!! U $MGM$ im not gOnn kill u
MGM
@HeLeft_U4Faith nahhh ii cant KILL them dats fAMILY!!!!$MGM$ for evaa!!!! but FAC izz under da knife lmao0o
MGM
@daynaroselli A fascinating end-run around the rules! if that's OK, then $MGM should hook up w Doritos, next year.
MGM
RT @JoshSlagter: RT @thestrippodcast: @Phil_Ivey wagered $2M on the #Colts at an $MGM Mirage casino, according to http://bit.ly/arDxmV
MGM
RT @thestrippodcast: @Phil_Ivey wagered $2M on the #Colts at an $MGM Mirage casino, according to http://bit.ly/arDxmV
MGM
@PhilIvey wagered $2m on the #Colts at an $MGM Mirage casino, according to http://bit.ly/arDxmV. #poker #nfl #superbowl
MGM
this metro situation blowin me I got coins to make fuck Wats my mutherfucken name $$MGM$$
MGM
@gluesniffer right, it's easy for $MGM to head down and will be hard over 2 weeks to head up over $1.60....
MGM
selling more $MGM calls, don't think i'll have the legs to break $12.25 in 2 weeks (could be wrong)
MGM
CNBC OptionsAction Special Tonight on CasinoStocks $LVS, $MGM, $WYNN.. I pray this will help,
MGM
Casnio Losers: $LVS $PENN $MPEL $MGM $BYD $WYNN $ASCA http://bit.ly/d0TP4a
MGM
Big, big ups to $MGM for offering "Lion King" tix @ student-friendly prices. More teeth in lion's pro-arts push. http://tinyurl.c
MGM
How are Casinos $MGM $WYNN mostly holding up through all the selloffs in people are so worried about jobs
MGM
RT@Convertbond Hearing $MGM wants to extend the maturity, $5.5B credit facility to 2/14 from 10/11 & issue about $800 mln in secured not
MGM
long $WYNN calls on the turn of $MGM to green
MGM Mirage - MGM Insiders
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MGM Mirage - MGM information
MGM MIRAGE, through its subsidiaries, owns and operates casino resorts in the United States. The company?s resorts offer gaming, hotel, dining, entertainment, retail, and other resort amenities. It also owns and operates golf courses and a golf club. As of December 31, 2008, the company?s properties consisted of 17 wholly-owned casino resorts and 50% investments in 4 other casino resorts. MGM MIRAGE also operates luxury hotels in the Middle East and Asia. It has a strategic alliance with the Mashantucket Pequot Tribal Nation, which owns and operates a casino resort under the MGM Grand brand name in Ledyard, Connecticut. The company, formerly known as MGM Grand, Inc., was founded in 1986 and is based in Las Vegas, Nevada. MGM MIRAGE is a subsidiary of Tracinda Corporation....
www.mgm-mirage.com
Founded in 1986
MGM MIRAGE (MGM:NYSE)
LAST $11.89 USD
CHANGE TODAY +0.35 3.03%
VOLUME 23.4M
As of 4:15 PM 03/10/10 All times are local (Market data is delayed by at least 15 minutes).
Snapshot of MGM MIRAGE (MGM)
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OPEN
$11.70
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PREVIOUS CLOSE
$11.54
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DAY HIGH
$11.95
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DAY LOW
$11.61
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52 WEEK HIGH
09/16/09 - $14.25
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52 WEEK LOW
03/31/09 - $2.28
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MARKET CAP
5.2B
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AVERAGE VOLUME 10 D
16.4M
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EPS TTM
$-0.46
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SHARES OUTSTANDING
441.2M
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EX-DATE
07/17/03
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P/E TTM
--
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DIVIDEND
--
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DIVIDEND YIELD
0.00%
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| K = Thousands M = Millions B = Billions | ||
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12/28/2009 2:30 PM ET
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12/10/2009 5:00 PM ET
MGM Mirage's High-Stakes Gamble
11/30/2009 6:01 PM ET
related news
MGM names Nevada Resort Association exec to board
AP Digital - 03/09/2010 4:33 PM ET
MGM Mirage to sell $845 million in bonds
AP Digital - 03/09/2010 8:38 AM ET
Key developments for MGM MIRAGE (MGM)
MGM Mirage, Board Meeting, Mar 08, 2010
03/9/2010
MGM Mirage, Board Meeting, Mar 08, 2010 Agenda: To elect William A. 'Bill' Bible to the Board of Directors.
MGM Mirage Announces Proposed Private Offering
03/9/2010
MGM Mirage announced that it proposes to offer up to $845 million in aggregate principal amount of senior secured notes due 2020 in a private placement. The company plans to use the net proceeds from the offering to repay a portion of the outstanding indebtedness under its senior credit facility and related fees and expenses. The notes will be secured by a mortgage on MGM Grand Las Vegas and substantially all existing and future property of MGM Grand Hotel, LLC, and, upon receipt of the necessary gaming approvals, a pledge of the limited liability company interests in MGM Grand Hotel, LLC. The notes will be general senior obligations of the company, guaranteed by substantially all of the company's domestic subsidiaries, which also guarantee the company's other senior indebtedness, and equal in right of payment with, or senior to, all existing or future indebtedness of the company and each guarantor. The notes proposed to be offered will not be registered under the Securities Act of 1933, as amended, or any state securities law and may not be offered or sold in the United States or to any U.S. persons absent registration under the Securities Act, or pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.
MGM Mirage Elects Bill Bible to the Board of Directors
03/9/2010
MGM Mirage announced that William A. "Bill" Bible has accepted to join the company's Board of Directors. He was elected to his new post by the Board during a meeting on March 8, 2010. Mr. Bible currently serves as the President of the Nevada Resort Association, the advocacy voice for Nevada's gaming and resort industry. Mr. Bible will tender his resignation to the Nevada Resort Association to be effective before the required gaming regulatory approvals or waivers are granted to avoid any conflicts inherent with concurrent service. From 1988 - 1998, he served as the Chairman of the Nevada State Gaming Control Board.
MGM Competitors
| Company | Last | Change |
| International Game Technology | $16.87 USD | -0.12 |
| Penn National Gaming Inc | $24.01 USD | -0.04 |
| Royal Caribbean Cruises Ltd | $30.69 USD | +0.96 |
| Starwood Hotels & Resorts Worldwide Inc | $41.90 USD | +0.56 |
| Wynn Resorts Ltd | $70.96 USD | +1.19 |
| Market data is delayed at least 15 minutes. | ||
Industry Analysis
| Valuation | MGM | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.9x |
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| Price/Book | 1.3x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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MGM |
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MGM transactions
| Type Date |
Target |
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Private Placement
March 9, 2010 |
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Private Placement
September 17, 2009 |
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MGM Mirage - MGM news
MGM MIRAGE Is Named to Fortune Magazine's 'Most Admired Companies' List
2010-03-10 01:37:08
Quote: LAS VEGAS, March 9NYSEMGMNews) has been named among "America's Most Admired Companies" by Fortune Magazine in its prestigious listing of the nation's top corporations.This is the ninth time that MGM MIRAGE has been named to the annual list based on a survey which evaluates the reputation of companies with large U.S. operations. Â MGM MIRAGE is one of only two gaming companies to be named to the list this year.Fortune Magazine asked executives and analysts in their respective industries to rank...Read article
U.S. Casino Revenue Tanks in 2009
2010-03-10 01:37:08
Keywords: Financial, News, Stock, Market, Headlines, Investments, Quotes, Trading, TheStreet.com, Jeanine Poggi ,Leisure
Quote: Pennsylvania, which is in the process of implementing table games, spiked 22% to $1.96 billion, while New York grew 8% to $1.02 billion.Still, aside from a handful of advancers, there is no question that the casino industry continues to struggle, which is why many companies are looking overseas for growth.Macau, by comparison, reported a 10% spike in gaming revenue in 2009 to $15.1 billion.Not surprisingly, Las Vegas Sands LVS) and Wynn ResortsWYNN) have thereby taken advantage of the opportunit...Read article
New Issue-MGM Mirage sells $845 mln in notes
2010-03-10 01:37:07
Keywords: United States of America,Debt,U.S. corporate debt,Terms and conditions - bond issues,Loans,
Quote: New Issue-MGM Mirage sells $845 mln in notes
March 9 (Reuters) - MGM Mirage <MGM.N on Tuesday sold
$845 million of senior secured first lien notes in the 144a
private placement market, said IFR, a Thomson Reuters service.Bank of America Merrill Lynch, Royal Bank of Scotland,
Barclays Capital, JP Morgan, BNP Paribas, Citigroup, Deutsche
Bank, UBS, Commerzbank, Morgan Stanley and Wells Fargo
Securities were the joint bookrunning managers for the sale.
BORROWER: MGM MIRAGE
AMT $845 MLNCOUPON 9.0...Read article
InPlay: MGM MIRAGE prices $845 mln in senior secured notes
2010-03-10 01:37:06
Keywords: market update, investing education, financial advice, financial planning
Quote: Read article
MGM MIRAGE Files SEC form 8-K, Other Events
2010-03-10 01:37:06
Quote: MGM MIRAGERequest a Trial to NEW EDGAR Online Pro
Form
8-K for
MGM MIRAGE
9-Mar-2010Other EventsPrivacy PolicyAbout Our AdsTerms of ServiceCopyright/IP PolicySend FeedbackSEC
Filing data and information provided by EDGAR Online,
Inc.
(1-800-416-6651). All information provided "as is"
for informational purposes
only, not intended for trading purposes or advice.
Neither Yahoo! nor any of
independent providers is liable for any informational
errors, incompleteness,
or delays, or for any actions tak...Read article
MGM MIRAGE Management to Present at the 2010 Deutsche Bank Hospitality and Gaming Conference
2010-03-05 03:05:36
Quote: One of those investments -- CityCenter -- is also managed by MGM MIRAGE. CityCenter, an unprecedented urban metropolis on the Las Vegas Strip with Gold and Silver LEED(R) certifications, is a joint venture between MGM MIRAGE and Infinity World Development Corp, a subsidiary of Dubai World. CityCenter features ARIA Resort & Casino, Vdara Hotel & Spa, Mandarin Oriental, Las Vegashttp://www.mgmmirage.com. Statements in this release which are not historical facts are "forward looking" statements and...Read article
Casino Winners & Losers: Region by Region
2010-03-05 03:05:35
Keywords: Financial, News, Stock, Market, Headlines, Investments, Quotes, Trading, TheStreet.com, Jeanine Poggi ,Leisure
Quote: Over the past year Wynn ResortsWYNN) and Las Vegas SandsLVS) both completed initial public offering of their Macau assets, while MGM MirageMGM) is currently in the process of conduction its own Macau IPO.In Pennsylvania, meanwhile, the legalization of table games earlier this year is pushing Sands to construct a 300-room hotel tower next to its Bethlehem casino, a move intended to turn the casino into an overnight destination.Wynn also announced earlier this month that it plans to move into the ...Read article
MGM MIRAGE Management to Present at the 2010 KeyBanc Capital Markets Consumer Conference
2010-03-05 03:05:35
Quote: One of those investments -- CityCenter -- is also managed by MGM MIRAGE. CityCenter, an unprecedented urban metropolis on the Las Vegas Strip with Gold and Silver LEED(R) certifications, is a joint venture between MGM MIRAGE and Infinity World Development Corp, a subsidiary of Dubai World. CityCenter features ARIA Resort & Casino, Vdara Hotel & Spa, Mandarin Oriental, Las Vegashttp://www.mgmmirage.com. Statements in this release which are not historical facts are "forward looking" statements and...Read article
MGM Macau IPO Slated for Q3: Report
2010-03-05 03:05:34
Keywords: Financial, News, Stock, Market, Headlines, Investments, Quotes, Trading, TheStreet.com, Jeanine Poggi ,Leisure
Quote: NEW YORK (TheStreet) -- MGM Mirage's(MGM) initial public offering of its Macau assets will be complete in the third quarter, according to reports.Bloomberg reported on Thursday, although the news service did not reveal names.The casino operator plans to sell $850 million in secured bonds between now and June, Bloomberg reported, citing CEO Jim Murren. Creditors approved the move last week under amendments and an extension of part of MGM Mirage's bank facility.MGM is following the lead of rivals ...Read article
MGM MIRAGE Management to Present at the 2010 Deutsche Bank Hospitality and Gaming Conference
2010-03-04 06:09:59
Quote: One of those investments -- CityCenter -- is also managed by MGM MIRAGE. CityCenter, an unprecedented urban metropolis on the Las Vegas Strip with Gold and Silver LEED(R) certifications, is a joint venture between MGM MIRAGE and Infinity World Development Corp, a subsidiary of Dubai World. CityCenter features ARIA Resort & Casino, Vdara Hotel & Spa, Mandarin Oriental, Las Vegashttp://www.mgmmirage.com. Statements in this release which are not historical facts are "forward looking" statem...Read article
MGM MIRAGE Files SEC form 8-K, Entry into a Material Definitive Agreement
2010-03-04 06:09:58
Quote: Item 1.01 Entry Into A Material Definitive Agreement.
MGM MIRAGE, a Delaware corporation (the "Company"), entered into Amendment
No. 9 and Restatement Agreement ("Amendment No. 9"), dated February 25, 2010, to
that certain Fifth Amended and Restated Loan Agreement (the "Fifth Loan
Agreement"), as previously amended by eight amendments (collectively, the "Loan
Agreement"), by and among the Company, MGM Grand Detroit, LLC, a Delaware
limited liability comp...Read article
UPDATE - Boyd Gaming 4th-qtr loss narrows, shrs rise
2010-03-03 03:11:05
Keywords: United States of America,Casinos and gaming,Leisure facilities,
Quote: MGM Mirage (MGM.N), which owns the other 50
percent, has said it plans to sell its stake. CEO Smith said Boyd holds the right of first refusal on any
sale of MGM's holdings and plans to monitor the situation. "We are
pleased with the 50 percent ownership position in Atlantic City
gaming -- for us, it will continue to be business as usual at
Borgata," he said. Boyd shares were up 6 percent at $8.13 in early afternoon
trading on the New York Stock Exchange.Robert MacMillan and Phil
Berlowitz)......Read article
Ticketmaster vs. Scalpers: WhoÂ’s Worse?
2010-03-03 03:11:05
Keywords: scalpers,online,tickets,prices,concerts,ticketmaster,,BUSINESS & MARKETS ,LYV,WMT,MGM,CVC,EBAY
Quote: Tickets to see the band at the MGM Mirage’sMGM) MGM Grand in Las Vegas start at $55. If you want to actually see the band without binoculars, be prepared to spend $895 through I Love All Access.Amazingly, $895 seems like a steal compared to what I Love All Access was charging for a ticket to see Van Halen at Madison Square Garden, part of the CablevisionCVC) empire, in 2008. A “Five Star” package, which included a goodie bag, a brief backstage tour (without any interaction with...Read article
Boyd Gaming Narrows Loss
2010-03-03 03:11:05
Keywords: Financial, News, Stock, Market, Headlines, Investments, Quotes, Trading, TheStreet.com, Jeanine Poggi ,Earnings
Quote: At Boyd's Las Vegas properties, revenue tanked 12%, while the Midwest and Southern regions fell 7%.At Atlantic City's Borgata, Boyd Gaming's joint venture with MGM MirageMGM Quote), revenue slipped 4%. MGM is currently looking to divest its 50% stake in the hotel-casino. It has been reported that MGM is in talks with several casinos and private investors. Boyd has the right to match any offer MGM receives.-- Reported by Jeanine Poggi in New York. Follow TheStreet.com on Twitter and become a fan ...Read article
MGM MIRAGE Management to Present at the JP Morgan Global High Yield and Leveraged Finance Conference 2010
2010-03-02 03:55:21
Quote: One of those investments - CityCenter - is also managed by MGM MIRAGE. CityCenter, an unprecedented urban metropolis on the Las Vegas Strip with Gold and Silver LEED(R) certifications, is a joint venture between MGM MIRAGE and Infinity World Development Corp, a subsidiary of Dubai World. CityCenter features ARIA Resort & Casino, Vdara Hotel & Spa, Mandarin Oriental, Las Vegashttp://www.mgmmirage.com. Statements in this release which are not historical facts are "forward looking" statemen...Read article
[audio] Boff! Bam! Pow! Time to invest in comic books? [7.4 min]
2010-03-02 03:55:20
Quote: Read article
[$$] MGM Mirage Gets Reprieve On Bank Debt
2010-03-01 08:11:10
Quote: BY ALEXANDRA BERZON Lenders to MGM Mirage have given the Las Vegas-based casino company two more years to pay back a portion of a loan that was to come due in October 2011, the company disclosed Friday. The deadline for the $5.55 billion senior bank credit facility had been a significant hurdle facing the debt-laden company, amid continued weakness in the Las Vegas hotel and casino industry. MGM Mirage Chief Financial Officer Dan D'Arrigo called the agreement a "milestone" in efforts to improve...Read article
Nevada Nears Budget Deal
2010-03-01 08:11:09
Quote: The final deal included about $4 million from higher fees for new gaming license applications.
"Having now been hit by the worst recession in American history and the worst downturn in gaming revenues in Nevada history, we can simply no longer afford to bear the overwhelming share of the burden for running the state," MGM Mirage spokesman Alan Feldman said in a statement Saturday to Las Vegas Sun political columnist Jon Ralston.
Write to Alexandra Berzon at alexandra.berzon@wsj.com......Read article