Search Results for 'resorts'

MGM Resorts’ ratings boosted despite economic uncertainties

Debt analysts at Fitch Ratings in New York today offered a good-news, bad-news scenario for Las Vegas Strip gambling resort operators. On the one hand, they upgraded key debt ratings for Strip giant MGM Resorts International, saying the c [...]

Posted On : Oct, 15 2011 | Comments : 0

MGM Resorts a Better Vegas Play than LVS

In an interview with Bloomberg Television, Las Vegas Sands (NYSE:LVS) CEO Sheldon Adelson suggested it could start paying a dividend as early as next year as its cash levels exceed its debt thanks to continued success at its Macau and Sin [...]

Posted On : Oct, 06 2011 | Comments : 0

MGM Resorts seeks OK to demolish Vegas hotel tower

Casino company MGM Resorts International is seeking county approval to demolish the defective Harmon hotel tower on the Las Vegas Strip, concluding it's not worth the time, money or effort to salvage the building and open. [...]

Posted On : Aug, 16 2011 | Comments : 0

What Should We Expect From MGM Resorts in Las Vegas?

Now that Wynn Resorts (NAS: WYNN) and Las Vegas Sands (NYS: LVS) have reported earnings for the second quarter, the next big name to report will be MGM Resorts (NYS: MGM) . The Las Vegas-centric company had mixed earnings in the first qua [...]

Posted On : Aug, 03 2011 | Comments : 0

MGM Resorts quarterly loss narrows, shares rise

MGM, which is seeking to publicly list shares in its Macau joint venture, posted an adjusted loss of 16 cents a share on Wednesday, better than the loss of 19 cents a share forecast by analysts, according to Thomson Reuters I/B/E/S. [...]

Posted On : May, 05 2011 | Comments : 0

MGM Resorts Int’l to become MGM Macau’s controlling sharehol...

MGM Resorts International yesterday announced that it has entered into an agreement with businesswoman Pansy Ho Chiu King to take control of MGM Macau. According to the deal, after the proposed initial public offering of the shares of MG [...]

Posted On : Apr, 26 2011 | Comments : 0

MGM Resorts 4Q Results Signal Slow Las Vegas Recovery

MGM Resorts International (MGM) posted a fourth-quarter loss as revenue fell at most of its casinos in Las Vegas, underscoring a slow recovery in Sin City's gambling markets. In the wake of the results, the company's stock price [...]

Posted On : Feb, 15 2011 | Comments : 0

Paris Hilton banned from two Las Vegas resorts after drug a...

U.S. socialite Paris Hilton was banned from two Wynn resorts in Las Vegas after her arrest for felony drug possession over the weekend, media reported on Thursday. A rep for Wynn Resorts confirmed Wednesday that Hilton was no longer welc [...]

Posted On : Sep, 04 2010 | Comments : 0

Wynn Resorts lays off 261 workers in Las Vegas

Wynn told The Associated Press the cuts were made after some workers expressed support for layoffs instead of wage and hour reductions. The company cut wages and hours 18 months ago, and were meant to be temporary, he said. "It beca [...]

Posted On : Jun, 17 2010 | Comments : 0

Las Vegas' Top Resorts Make Bookings a Snap as Congress Sets...

As our government ramps up promotion of U.S. travel to potential visitors abroad, non-English-speaking visitors need look no further than the Web sites of The Strip's hottest resorts to research and book their ideal Las Vegas vacatio [...]

Posted On : May, 21 2010 | Comments : 0

Las Vegas casino execs make pitch to open up to 6 resorts in...

Multibillion-dollar hotel resorts with casino gambling, celebrity chefs and luxury shopping. It could all come to Florida — if the state wants to cash in on its image as a sun-soaked haven for tourists and authorize sprawling [...]

Posted On : Mar, 12 2010 | Comments : 0

Wynn Resorts, Las Vegas Sands down after report on Macau

Shares of casino operators Las Vegas Sands (LVS.N) and Wynn Resorts Ltd (WYNN.O) fell on Monday after a news report that Macau was said to be considering gambling restrictions. Shares of Las Vegas Sands slipped 0.6 percent to $17.93 on the [...]

Posted On : Oct, 13 2009 | Comments : 0

Las Vegas - Wynn Resorts' 2Q profit plunges but beats foreca...

Lower gambling revenue and continuing costs of opening its newest casino, Encore at Wynn Las Vegas, punished Wynn Resorts Ltd., but the 91 percent drop in profit it reported Thursday topped forecasts, and its shares soared. The company, ru [...]