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Las Vegas Strip October Gaming Wins Down 5.06%
Wednesday, November 27, 2013 - 2:32pm | 489Read More...The State of Nevada Gaming Control Board released its "Monthly Win and Percentage Fee Tax Collections" report on Monday. The regularly scheduled report details the total “gaming win” of all Nevada's non-restricted gaming licensees. Total gaming wins across Nevada decreased 2.58 percent from one...
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Jefferies Comments On MGM / Pansy Ho Restructuring
Thursday, April 14, 2011 - 7:35am | 166Read More...Before the open on April 13, MGM Resorts International (NYSE: MGM) announced that it has “restructured its Macau joint venture with Pansy Ho whereby MGM will retain a 51% interest and management control, Pansy Ho will retain a 29% interest, and the remaining 20% will be publicly traded in Hong Kong...
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Mad Money Lightning Round OT: Cramer Loves MGM (CY, NVDA, MGM, NOV)
Wednesday, October 20, 2010 - 7:59pm | 200Read More...On CNBC's Mad Money Lightning Round OT, Jim Cramer said that he is a buyer of Cypress Semiconductor Corporation (NASDAQ: CY). Cypress (CY) is going to post earnings tomorrow, but Cramer doesn't care much about that, because he sees CY as a great long term story. Cramer liked NVIDIA Corporation (...
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Lionsgate Co-Chairman and CEO Jon Feltheimer Urges Media Companies to Embrace New Economic Models
Tuesday, October 5, 2010 - 1:50pm | 522Read More...The demand for content is growing worldwide but the entertainment industry should consider new economic models and accommodate new business partners to deliver content to consumers in a changing marketplace, Lionsgate (NYSE: LGF) Co-Chairman and Chief Executive Officer Jon Feltheimer told...
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Hudson Securities' Las Vegas Room Rate Tracker
Tuesday, September 21, 2010 - 9:55am | 177Read More...Hudson Securities reports on Las Vegas weekly room rates, saying "[Our] current three-week room rate survey — which covers the week-ending October 16, 2010 shows strong increases in weekday asking rates and decreases in weekend asking rates. Overall asking rates were +8% with weekday rates +26% and...
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Las Vegas Strip Hotel Rates Tracker
Tuesday, August 31, 2010 - 11:14am | 216Read More...Room rates on the Las Vegas strip have increased, in some cases even by double digits as witnessed by monitoring and comparing rates from September '09 to September '10, Hudson Securities reports. The Aria has seen rates rebound, with a 17% increase in September alone. On 9/18, rooms were selling...
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Gov. Christie’s Strange Takeover of Atlantic City
Tuesday, August 3, 2010 - 6:18pm | 906Read More...It’s been a couple of weeks since New Jersey Republican Governor Christie called for a state takeover of Atlantic City. The news came as a shock. Take that Tea Party! Was this the same guy who campaigned for lower taxes and less government, just a few months ago? Takeover, the word used in the...
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Lions Gate Could See New Partnership With MGM
Wednesday, July 21, 2010 - 10:41am | 98Read More...Yesterday Carl Icahn offered a lower bid on Lions Gate Entertainment Corp. (NYSE: LGF) which could possibly see more involvement with MGM, due to its close relationship with JP Morgan (its lead bank). JP Morgan possesses intimate knowledge of MGM from the Kirk Kerkorian days, and the partnership...
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MGM Seeks "Prepackaged" Bankruptcy
Friday, January 22, 2010 - 10:00am | 163Read More...Although Metro-Goldwyn-Mayer has received takeover bids from several investors, the company may have to arrange a "prepackaged" bankruptcy in order to appease its creditors. MGM is currently owned by a group of investors including Sony (NYSE: SNE), Comcast and Providence Equity Partners. The film...
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Bollywood Firm Makes Bid To Enter Hollywood
Saturday, January 16, 2010 - 2:09pm | 112Read More...The Indian filmmaker Reliance Big Entertainment has entered into the bidding war over debt-ridden Metro-Goldwyn-Mayer Inc. India is one of the world's most prolific film producers, yet it has had little overseas success. By acquiring a troubled Hollywood gem like MGM, the Indian company, which is...
