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MGM Resorts International

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  • Hong Kong shares may open lower, property in focus Wednesday, 20 Feb 2013 | 8:01 PM ET

    HONG KONG, Feb 21- Hong Kong shares are set to open lower, tracking softer markets overseas, with property stocks seen leading the slide following Beijing's latest move to curb frothy real estate markets.

  • LOS ANGELES, Feb 20- Casino operator MGM Resorts International reported a wider fourth-quarter loss on impairment charges on Wednesday, and as growth in its Chinese unit slowed from red-hot levels of a year ago. MGM Resorts, which operates the Mirage and Bellagio casino resorts, said revenue fell marginally to $2.29 billion.

  • Feb 20- MGM Resorts International Chairman Jim Murren said he has been approached by potential buyers for the Crystals luxury mall in its $8.5 billion Las Vegas CityCenter joint venture complex. MGM Resorts reported quarterly earnings earlier on Wednesday.

  • UPDATE 2-MGM Resorts' Chinese unit sets $500 mln dividend Wednesday, 20 Feb 2013 | 12:02 AM ET

    LOS ANGELES, Feb 20- Casino operator MGM Resorts International's quarterly sales missed Wall Street expectations as revenue growth slowed in China, but its shares rose as much as 3 percent after its Chinese unit set a special dividend of $500 million.

  • China's First Cashless Casino Gets Shut Down Tuesday, 19 Feb 2013 | 6:42 PM ET

    Chinese authorities said they had shut down a cashless casino bar in the resort island of Hainan on Tuesday, two days after a Reuters report drew attention to it.

  • Early Movers: MDT, ODP, OMX & More Tuesday, 19 Feb 2013 | 7:50 AM ET

    Some of the names on the move ahead of the open.

  • China Tests Cashless Casino—Macau, Watch Out Sunday, 17 Feb 2013 | 6:37 PM ET

    Owned by art, film and real estate mogul Zhang Baoquan, Tree Resort World on Sanya Bay bar marks the Chinese government's first tacit approval of a gaming concept outside of Macau.

  • SANYA, China, Feb 17- Placing bets on green-felt baccarat tables in a new casino bar on China's southern Hainan island, punters seem oblivious to a huge wager quietly being placed around them, one that could potentially siphon business from the world's largest gaming hub in Macau an hour's flight away.

  • Sin City's Secret Weapon: China and Baccarat Tuesday, 12 Feb 2013 | 11:30 AM ET
    The Bellagio celebrates the Year of the Snake.

    RGC Economics predicts nearly 4,000 Chinese nationals will come to Sin City for Year of the Snake celebrations. Some will spend up to $100,000 on the trip.

  • LOS ANGELES, Jan 30- Casino operator Las Vegas Sands Corp, owned by billionaire Sheldon Adelson, on Wednesday posted lower-than- expected fourth-quarter earnings as weak results in Las Vegas dampened a strong performance in Asia. Morningstar analyst Chad Mollman said the shares also rose on strong results at the company's Chinese and Singapore properties.

  • Jan 29- U.S. slot machine maker International Game Technology should consider strategic alternatives for the social gaming unit it bought for $500 million a year ago and focus instead on growing Asian markets, an investor in the company said.

  • Midday Movers: LM, WMT & More Thursday, 10 Jan 2013 | 12:58 PM ET

    Take a look at some of Thursday's midday movers:

  • UPDATE 2-MGM Macau casino gets government OK Wednesday, 9 Jan 2013 | 4:13 PM ET

    HONG KONG/ LOS ANGELES, Jan 9- A $2.5 billion Macau casino planned by MGM China Holdings Ltd, the Chinese arm of MGM Resorts International, received government approval on Wednesday, sending MGM China shares up sharply and boosting other casino companies with operations in the enclave.

  • MGM China's New Macau Casino Approved by Government Wednesday, 9 Jan 2013 | 12:02 AM ET
    MGM Grand Casino in Macau.

    A $2.5 billion Macau casino planned by MGM China, the Chinese arm of U.S. gambling giant MGM Resorts International, received government approval on Wednesday, sending shares of MGM China to an 18-month high.

  • HONG KONG, Jan 9- A $2.5 billion Macau casino planned by MGM China, the Chinese arm of U.S. gambling giant MGM Resorts International, received government approval on Wednesday, sending shares of MGM China to an 18- month high.

  • Macau gives MGM China's new casino official stamp Tuesday, 8 Jan 2013 | 10:26 PM ET

    HONG KONG, Jan 9- A new $2.5 billion Macau casino planned by MGM China, the Chinese arm of U.S. gambling giant MGM Resorts, received a boost on Wednesday after the government formally approved the project in its official gazette.

  • Early Movers: ZIP, WYNN, MT & More Wednesday, 2 Jan 2013 | 7:26 AM ET

    Some of the names on the move ahead of the open.

  • Cramer: Old Fashioned Turnaround Story Friday, 21 Dec 2012 | 6:24 PM ET

    Once a sad saga, this story should have a happy ending, said Cramer.

  • Lightning Round: MGM, Colfax & More Wednesday, 12 Dec 2012 | 5:57 PM ET

    It’s time for the Lightning Round. Cramer makes the call on viewer favorites.

  • MGM Bulls Take a Shot at Fast Money Friday, 7 Dec 2012 | 6:16 AM ET

    Options activity was huge in MGM Resorts, and fast money was the name of the game.

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