The agreement boosts MGM's stake in MGM China to 51% and will permit MGM Resorts to consolidate results from MGM China in its financial statements.
The MGM Grand Detroit last year outpaced the larger and more popular destinations of Atlantic City, N.J., and Las Vegas, casino business and gambling news.
MGM Resorts International continues to lose money in Q4; Revel Entertainment finds $1.15b needed to finish Atlantic City casino; spring break in Vegas, gambling news.
The bandit who stole 2m in chips is up against it even more as the Bellagio owners have announced they're discontinuing the chips he stole
A Dec. 1, 2010 roundup of public gaming company stock moves, quarterly reports, and one helluva roller coaster ride.
The Las Vegas Sun has reported that Majestic Star Casino LLC filed suit against three entities doing business in Panama in federal court in Las Vegas
MGM Resorts Intl. posts net loss of $318m in Q3, better than the $750m it lost in 2009; Melco Crown Ent. posts first profit in 10 quarters.
Corporate rebranding is all the rage in the land-based casino world, as parent companies change letterheads to reflect changes in their focus.
Bidder for MGM Resorts' 50% stake of Borgata Hotel said to be Leonard Green & Partners; Macau year-on-year casino revenue up 60.1%.
International casino and resorts group MGM have announced the proceeds that they gained from their IPO