Mgm Grand News

MGM agrees Macau casino deal with Pansy Ho

MGM agrees Macau casino deal with Pansy Ho

14th Apr 2011 Tourism News

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

1st Feb 2007 Press Release Spa News

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.

27th Apr 1999 Press Release Hotel News

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

9th Nov 1998 Press Release Hotel News

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, Inc. Reports Third Quarter Results In Line With Expectations

29th Jan 1998 Press Release Hotel News

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.

21st Jan 1998 Press Release Hotel News

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.