Tag Archives MGM

Holding firm of late Kirk Kerkorian sells remaining shares of MGM

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The business that once connected the late Kirk Kerkorian and MGM Resorts International (NYSE:MGM) is no more after on Monday the Las Vegas-based global hospitality and entertainment company revealed that the holding firm, Tracinda Corporation, owned by MGM’s late founder, has sold its remaining shares in the casino giant. Kerkorian passed away on June ...

MGM Resorts International eyeing MGM Grand and Bellagio Las Vegas sales

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American casino operator, MGM Resorts International, is reportedly engaged in advanced negotiations that could see it sell its MGM Grand and Bellagio Las Vegas properties to private equity firm, Blackstone Group, for approximately $7 billion. According to a Monday report from the Bloomberg news service, the giant casino firm is said to be exploring ...

MGM Springfield boss remaining optimistic despite disappointing financials

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In Massachusetts and the boss for the $960 million MGM Springfield has reportedly asserted that the city-center property is headed in the right direction despite being on track to post disappointing first-year gross gaming revenues. According to a Monday report from The Boston Globe newspaper, Michael Mathis serves as President and Chief Operating Officer ...

MGM Resorts files federal lawsuit against the US Interior Department over East Windsor, Connecticut tribal casino

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In the seemingly endless drama surrounding a proposed East Windsor casino, American global hospitality and entertainment company, MGM Resorts International has sued the U.S. Interior Department over changes it approved in the state’s gaming compacts with the Mashantucket Pequot and Mohegan Indians in March. Filed on August 7 in U.S. District Court in Washington, ...