MGM Grand News
MGM GRAND ANNOUNCES $300 MILLION ROOM AND SUITE REMODEL
MGM Grand Hotel & Casino is revealing details surrounding its $300 million remodel encompassing all of the hotel’s 4,212 rooms and suites within its main tower. The transformation, which is slated for completion in December 2025, is set to enhance the overall guest experience with modern, sophisticated design elements inspired by the flair of the disco era. The remodeled rooms will join a vibrant lineup of new dining and entertainment experiences set to open at MGM Grand later this year.
Buuteeq Data shows early online marketing crucial for new hotels
MGM Grand Ho Tram Beach selects buuteeq to manage resort’s digital marketing; with buuteeq’s Cloud Digital Marketing System, website is approaching 1M visitors in advance of opening.
MGM agrees Macau casino deal with Pansy Ho
MGM Resorts International has inked a deal with Pansy Ho to take a controlling stake it Macau casino joint venture. The two companies have also agreed to an Initial Public Offering on the Hong Kong Stock Exchange.
MGM Grand Spa introduce new signature treatments
According to Buddhist teachings, the meaning of a red Lotus is love and compassion. In February, couples will be invited to re-ignite, rejuvenate and replenish their passions through MGM Grand Spa’s exclusive Red Lotus Love Ritual.
Daniel M. Wade Promoted To Chief Operating Officer Of MGM Grand, Inc.
MGM Grand, Inc. (NYSE: MGG) announcedtoday that Daniel M. Wade, 46, Executive Vice President, has been promoted toChief Operating Officer of the Company. Previously, Alex Yemenidjian, 43,held the dual responsibilities of President and Chief Operating Officer.Mr. Yemenidjian will retain his position as President of MGM Grand and willcontinue to serve as a member of its Board of Directors and the ExecutiveCommittee.
MGM Grand, Inc. And Primadonna Resorts, Inc. Announce Merger
MGM Grand, Inc. (NYSE: MGG) and Primadonna Resorts, Inc. (Nasdaq: PRMA) announced today that their respectiveBoards of Directors have approved in principle MGM Grand`s acquisition ofPrimadonna in an all stock transaction. The terms of the merger provide forPrimadonna`s stockholders to receive 0.33 shares of MGM Grand common stock foreach share of Primadonna stock held, or a total of approximately 9.5 millionshares of MGM Grand common stock. The transaction is subject to the executionof a definitive merger agreement, Primadonna shareholder approval and thesatisfaction of various conditions to be contained in the merger agreement,including obtaining certain regulatory approvals.
MGM Grand Reports Second Quarter Earnings Per Share Consistent With Pre-Announced Expectations
MGM Grand, Inc. (NYSE: MGG) todayreported earnings for the second quarter ended June 30, 1998 of 25 cents perdiluted share, compared with 56 cents per diluted share for the 1997 quarter.Net income for the 1998 second quarter was $14.4 million compared with$33.0 million in the 1997 period.
William J. Hornbuckle Appointed Executive Vice President - Operations Of MGM Grand Las Vegas
MGM Grand, Inc. (NYSE: MGG) todayannounced the appointment of William J. Hornbuckle as Executive VicePresident-Operations at MGM Grand Las Vegas, reporting to Daniel M. Wade,President and Chief Operating Officer of the Las Vegas resort.
MGM Grand, Inc. Reports Third Quarter Results In Line With Expectations
MGM Grand, Inc. (NYSE: MGG) todayreported earnings for the third quarter ended September 30, 1998 of 31 centsper diluted share, compared with 25 cents per diluted share for the 1997quarter. Net income for the 1998 third quarter was $17.1 million comparedwith $14.5 million in the prior year`s quarter. Before one-time charges andextraordinary items, the 1997 third quarter net income was $37.1 million, or63 cents per diluted share. The 1997 third quarter earnings benefited fromthe reversal of previously expensed costs totaling $3.8 million (after tax),or 7 cents per diluted share.
Jim Murren Appointed CFO Of MGM Grand, Inc.
MGM Grand, Inc. (NYSE: MGG) today announced the appointment of James J. Murren as Executive Vice President and Chief Financial Officer. Mr. Murren will also serve as a member of the Boardof Directors and its Executive Committee.