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MGM Credit Rating Confirmed by Moody’s, but Outlook Cloudy With Chance of Downgrade
MGM Resorts International's (NYSE:MGM) credit rating was confirmed at “Ba3” by Moody's Investors Service. But that confirmation came with a “negative” outlook, indicating the Mirage operator isn't yet out of the woods...
Celebrities Supporting Laid Off MGM Resorts Employees, Emergency Fund Upwards of $11M
MGM Resorts has furloughed approximately 60,000 workers in the United States. But numerous celebrities with business ties to the casino operator are stepping up to help them overcome the difficult times spurred...
Caesars, MGM Could Put the Hurt on Short Sellers if Bulls Seize Control of Market
Broadly speaking, shorting stocks is a winning strategy to this point in 2020, and nowhere is that more true than the travel and leisure industry, a group beset by savage declines at...
Encore Boston Harbor, MGM Springfield, Plainridge Park Casinos Closed Through May 4
Massachusetts' three casinos – Encore Boston Harbor, MGM Springfield, and Plainridge Park – will all remain closed until at least noon on May 4. The Massachusetts Gaming Commission (MGC) extended its mandatory...
MGM Resorts Sagging Stock Attracts Icahn Protege, Company Director Keith Meister
The stock price of MGM Resorts has plunged from the economic fallout of the coronavirus pandemic. But one of the company's largest shareholders is only further increasing his stake in the struggling...
Sandoval Follows Murren Out at MGM, Former Governor Pursuing University of Nevada, Reno Presidency
Former Nevada Gov. Brian Sandoval is vacating his role as president of global gaming development at MGM Resorts International to pursue the top spot at the University of Nevada, Reno (UNR). News...
Hornbuckle Shows Confidence in MGM Stock, Adds 41,000 Shares Just This Week
William Hornbuckle, the interim CEO of MGM Resorts International (NYSE:MGM), is displaying confidence in his employer's stock, scooping up more than 41,000 shares in the gaming company just this week. To be...
Former MGM Resorts CEO Jim Murren Gives Nevada Coronavirus Task Force Update
Jim Murren, the former CEO of MGM Resorts who expedited his planned resignation from the casino company earlier this month to head the Nevada COVID-19 task force, provided an update on Monday...
MGM Resorts Won’t Borrow From Uncle Sam, But Loan Guarantees Could be Useful if Closures Extend
Grappling with the financial impact of all of its domestic gaming operations being temporarily halted because of the coronavirus outbreak, MGM Resorts International (NYSE:MGM) doesn't plan to tap the $454 billion in...
MGM Stung by Coronavirus Update, Operator Faces ‘Substantial’ March Losses, No Clarity on Casino Re-Openings
MGM Resorts International's (NYSE:MGM) stock more than doubled off the recently notched 52-week low. But that rally suffered a setback Friday when the company updated Wall Street with a dour outlook on...