SPRINGFIELD, Mass.— With confetti and fanfare, MGM officially broke ground Tuesday on an $800 million casino in western Massachusetts that represents the largest economic development project the region has seen in generations. MGM seeks to become Massachusetts' first resort casino as rivals in Connecticut and the Boston area are also trying to open casinos.
BOSTON— New Bedford is all-in as it vies for the state's final gambling license. Monday had been the most recent deadline, but the New Bedford and Somerset developers had appealed for more time. "We're ready to go in New Bedford."
Shares of MGM, which operates destination resorts like the Bellagio, MGM Grand and the Mirage, rose as much as 9.9 percent in morning trading. MGM would join a pool of companies looking to spin off their real estate assets into REITs to save taxes. Land and Buildings, which declined to disclose its stake in MGM, said it intends to nominate four candidates to the...
Jan 9- Caesars Entertainment Corp said on Friday it has garnered enough support from key creditors to carry out its $18.4 billion debt restructuring plan for its operating unit, which will soon file for bankruptcy. The plan will reduce the debt associated with Caesars Entertainment Operating Co Inc to $8.6 billion from $18.4 billion. Caesars has been weighed...
Nov 1- Voters in several U.S. states will decide the fate of $44.7 billion in borrowing and other budget measures on Tuesday, with investors in the $3.7 trillion municipal bond market focused mainly on large offerings in California and New York. "Just two states, California and New York, are presenting voters with meaningful bond measures for approval," Peter Hayes,...
Nguyen Van Tuon seems unconcerned that his business driving Vietnamese gamblers across the border to Cambodian casinos is under threat.
The "Fast Money" traders share their final trades of the day.
The Foreign Corrupt Practices Act is hampering U.S. business expansion abroad, especially in the gambling industry. Now bets are moving to Asia.
It's time for the Lightning Round. Cramer makes the call on viewer favorites.
It’s time for the Lightning Round. Cramer makes the call on viewer favorites.
Penn National Gaming has been trending lower, and now the bears are looking for another push to the downside.
SPRINGFIELD, Mass.-- Springfield, Mass. is moving on to the second phase of its casino selection process. They are MGM Resorts International, Penn National Gaming Inc., and Ameristar Casinos Inc.. Springfield Mayor Domenic Sarno appointed a seven-member advisory committee Thursday to help review applications.
SPRINGFIELD, Mass.-- Ameristar Casinos Inc. has unveiled plans for a $900 million- plus casino at a former industrial site in Springfield, Mass.. The Ameristar plan announced Tuesday includes 150,000 square feet of gambling space, a 500- room hotel, multiple restaurants and a spa on a former Westinghouse Electric site it owns near Interstate 291.
NEW YORK-- Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:. Nokia Corp., down 14 cents at $2.80. Supervalu Inc., up 10 cents at $2.14.
BOSTON-- Three companies seeking to develop a resort casino in Springfield submitted applications Thursday to the western Massachusetts city, and a fourth that had previously expressed interest declined to enter the competition.
Penn National Gaming Inc. said on Thursday it was seeking to build an $807 million resort casino and hotel on a parcel that is now home to a newspaper and a bus terminal.
Oct 11- Fitch Ratings has affirmed MGM Resorts International's. Fitch also affirms all of MGM's and MGM Grand Paradise's transaction ratings, which are listed at the end of the release. The above considerations should improve MGM's credit profile in terms of liquidity, FCF and leverage to be more consistent with a' B' IDR over the next several quarters.
SIOUX CITY, Iowa-- The developer of a Hard Rock-themed casino has gotten support from the nonprofit Missouri River Historical Development board to build a casino and entertainment center near the Missouri River in Sioux City, Iowa. Warner and the board must obtain a license from the Iowa Racing and Gaming Commission.
COLUMBUS, Ohio-- The $400 million Hollywood Casino Columbus opened Monday in Ohio's capital, welcoming hundreds of people who had waited on a chilly morning to be among the first placing bets at the table games and about 3,000 slot machines.