| To: Vladimir Zeetser, M.D. who wrote (84) | 8/3/1998 2:45:00 PM | | From: Vladimir Zeetser | | | | |
They say the house always wins.. On craps, I used to bet big red (7), because the house is 7 and it cleans up the table. However, I recently lost my ass playing 7 when the rollers through 34 rolls of the dice with no 7. That's how MGM must be feeling right now. I thought that this had to be the most safe investment that I have ever made, but it turns out to be the only stock on which I am losing a substantial amount of money. Obviously I am gonna stick with it until I break even or make a profit, but I'm just disgusted as to how long I have had so much money tied up in garbage. I knew I shouldn't have trusted that Armenian. |
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| To: Vladimir Zeetser who wrote (86) | 11/9/1998 9:54:00 AM | | From: Troy Griffin | | | |
If you are interested in reinvesting some of your profits into
a gaming company that is presently trading at 1.25, and within
6 to 8 months could possibly be trading at mid to high digit prices I
suggest you look at sungold gaming international. (SGGNF).
They are presently involved in three projects
1. A casino in michigan, USA.
2. A horse racing track in richmond, B.C. Canada
3. A casino/resort in Korea 3km from the new inchon airport, the
biggest airport in the pacific rim
I suggest you do all your due diligence and also speak with the
CEO 1-604-222-3155 also check out their website.
www.sungoldgaming.com
I think you will find this company to be very interesting
Happy Investing |
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| To: miklosh who wrote (88) | 2/5/1999 4:30:00 AM | | From: miklosh | | | |
MGG Q4 EPS: $0.41 estimate: $0.35
biz.yahoo.com
fnews.yahoo.com
biz.yahoo.com
Thursday February 4, 4:12 pm Eastern Time
MGM Grand beats Q4 estimates, shares rise
By Sarah Tippit
LOS ANGELES, Feb 4 (Reuters) - MGM Grand Inc. (NYSE:MGG - news) reported lower
quarterly earnings on Thursday, but still beat Wall Street forecasts on record-breaking revenues, sending the hotel
and gambling company's shares rising on the day.
MGM Grand attributed the robust sales to good luck at its casinos and an emphasis on food and drink sales at its
flagship resort, the MGM Grand hotel in Las Vegas.
Record fourth quarter net revenues of $214.9 million versus $212.6 million a year ago, signified a rebound from a
string of several unlucky quarters at the Las Vegas-based hotel and gambling company.
For the fourth quarter, MGM reported net income of $21.2 million, or 41 cents per diluted share, versus $33.4
million, or 57 cents a diluted share last year. Analysts had expected MGM to earn 35 cents a share in the quarter,
according to investment research firm First Call.
MGM shares rose over $1.00 in early trading on the New York Stock Exchange, and ended the day 94 cents higher at
$31.56.
Executives at the hotel and casino giant said the higher revenues showed that ongoing efforts to upgrade the Las
Vegas resort, the MGM Grand, and expand into other markets would offset competition in the U.S. hotel and casino
industries.
''We have dramatically expanded our properties, established important marketing partnerships, embarked on an
aggressive cost containment program and significantly improved the depth of our management team,'' President Alex
Yemenidjian said in a statement.
''The fourth quarter results provide a positive early indicator of the merit of our strategic plan,'' he added.
The face-lift and renovation of the MGM Grand Resort and Casino in Las Vegas is nearly completed, the company
said, with a 29-suite mansion opening in April, and a lion habitat opening in May.
A conference center and upscale '70s themed Studio 54 nightclub, which opened recently, have boosted the
company's beverage and food revenue over 1997's fourth quarter.
However, in its second year MGM Grand's 50 percent-owned New York-New York Hotel and Casino located across
the Las Vegas Strip from the MGM Grand, fell short of the stellar results it reported over the course of last year, the
company said.
MGM Grand, which jointly owns the property with Primadonna Resorts Inc., (Nasdaq:PRIM - news) reported $6.9
million in pretax income from New York-New York compared with $9.1 million a year ago.
MGM Grand said it is now focused on closing a merger with Primadonna, expected on March 1, 1999, pending
shareholder approval. If approved, MGM Grand would boost its size and scope by acquiring Primadonna's
50-percent share in New York-New York, as well as its three gambling resorts in Primm, Nev., and two
championship golf courses in nearby California.
MGM Grand said it also plans on opening its newest casino property in Detroit in the third quarter.
Overseas properties reported positive revenues, the company said. The MGM Grand resort in Australia exceeded
expectations with net revenues of $8.9 million compared with $8.5 million last year. In its first full quarter, the
company's third Johannesburg, South Africa casino, a temporary facility, also exceeded expectations, the company
said.
MGM Grand and its partners continue to submit bids for additional casino licenses within the remaining provinces of
the Republic of South Africa, it said. Under such deals, partners provide all project costs, and MGM Grand receives
fees for the development and management of the casinos. |
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| To: Steven W. who wrote () | 4/15/1999 9:34:00 AM | | From: Whisperer! | | | |
NEWS Thursday April 15, 9:00 am Eastern Time
Company Press Release
Simulator Systems to Enter Internet Gaming Industry
PORTLAND, Ore.--(BUSINESS WIRE)--April 15, 1999--Simulator Systems Inc. (OTCBB:SIMMD) announced today that the Company is positioning itself to profit from the fastgrowing Internet gaming industry under the new name Casino Pirata.com.
Casino Pirata.com will be a theme based Casino and Sportsbook that will offer Las Vegas style casino games such as blackjack, roulette, pai-gow, and craps along with wagering on professional sporting events such as the NFL, NBA, NHL, and Major League Baseball.
The Casino & Gaming Business Market Research Handbook predicts that the Internet gaming market could reach US $100 billion to $US 200 billion in annual revenues by 2005. Currently, Internet gaming companies such as Starnet Communications (OTC BB:SNMM), YouBet.com (OTC BB:UBET) and Bingo.com (OTC BB:BIGG) are benefiting from the huge popularity of online wagering. With this in mind, Casino Pirata is expecting to be fully operation in April located at www.casinopirata.com.
Casino Pirata has established strategic alliances with WorldNet Gaming (OTC BB:RIHI), the leader since 1996 in developing casino games and SBG Global, one of the largest offshore sports betting operations in the world.
Casino Pirata's website is graphically enhanced and easy to navigate. In addition to offering games found at traditional Las Vegas casinos such as MGM Grand (NYSE:MGM - news), Mirage Resorts (NYSE:MIR - news), Circus Circus (NYSE:CIR - news), Harrah's Entertainment (NYSE:HET - news), the website will offer players secured credit card transactions as well as languages in French, Spanish, German, and Italian in order to accommodate players from all over the world.
Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, the statements in this Press
Release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in the future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition, risk inherent in the Company's domestic and international operations, imprecision in estimating product reserves and the Company's ability to replace and expand its holdings.
Contact:
FMC, Longwood, Fla.
Investor/Media Relations:
Jennifer Thompson, 407/696-2221 |
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| To: Whisperer! who wrote (90) | 4/20/1999 1:40:00 AM | | From: miklosh | | | |
biz.yahoo.com
snipped from the above article:
MGM Grand (NYSE:MGG - news) reports that its flagship property in Las Vegas, MGM Grand Hotel and Casino -
The City of Entertainment is experiencing record first quarter 1999 occupancy of 96.5% vs. 90.6% in the
comparable 1998 period, with average daily rates-to-year.
Occupancy rates at the company's New York - New York Hotel and Casino are currently 97.8% compared with
88.9% in 1998. Others in this industry group include Trump Hotels (NYSE:DJT - news), Circus Circus (NYSE:CIR
- news), Mirage (NYSE:MIR - news), Harrahs (NYSE:HET - news), Hilton (NYSE:HLT - news), Park Place Ent.
(NYSE:PPE - news), Caesars/Starwood (NYSE:HOT - news). |
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| To: miklosh who wrote (92) | 6/24/1999 12:30:00 PM | | From: miklosh | | | |
ESPN's ESPY Awards to Make Las Vegas Debut At MGM Grand on
February 14, 2000
LAS VEGAS, June 23 /PRNewswire/ -- The annual review of the best performers, performances and highlights in
sports, ESPN's ESPY Awards, will take the stage at the MGM Grand, ''The City of Entertainment,'' on Monday,
February 14, 2000 at 4:30 p.m. PST. This event marks the first time that the annual ceremony bringing together stars
of the sports and entertainment world will be held in Las Vegas.
''We are ecstatic about becoming the new home of ESPN's ESPY Awards,'' said Bill Hornbuckle, MGM Grand's
president/chief operating officer. ''The ESPY Awards is the greatest night in sports/entertainment and provides us
the opportunity to continue to play an integral role in hosting such world-class events. The MGM Grand and ESPN
look forward to introducing this event to Las Vegas, the entertainment capital of the world.''
ESPY Awards are given to the Performer of the Year in a variety of professional and college sports; nine
Cross-Cutter categories have nominees from all sports. Nominees are chosen by the ESPY Select Nominating
Committee, a blue-ribbon panel of sports executives, journalists and retired athletes. Winners are decided by the
ESPY Finalist Committee made up of current athletes and ESPN/ABC commentators and personnel. In addition, the
Arthur Ashe Award for Courage is presented to an individual whose contributions transcend all of sports.
''After seven great years in New York, we have an excellent opportunity to present the show in an exciting new
venue,'' said ESPN President George Bodenheimer. ''Like the ESPYs, Las Vegas has been evolving. It's now more
than an entertainment capital, becoming more popular with vacationers and families every year and the MGM Grand
provides a world-class entertainment setting.''
The many celebrities who have taken part in the ESPYs include David Letterman, Bill Cosby, Denzel Washington,
Dustin Hoffman, Billy Crystal, Hootie and the Blowfish, Ben Affleck, Matt Damon, Rosie O'Donnell, Dennis Franz,
Keri Russell, Dylan McDermott, Bill Murray, Tim Robbins, Susan Sarandon, Robert Goulet, Matthew Broderick,
Sarah Jessica Parker, Chris Rock, Vivaca A. Fox, Lyle Lovett, Ray Charles, and others.
Samuel L. Jackson hosted the 1999 telecast. Previously, Dennis Miller, John Goodman, Norm Macdonald, Jeff
Foxworthy, and Tony Danza have hosted the event.
A portion of the proceeds from the ESPYs are given to The V Foundation, established at the inaugural ESPYs in
1993 by ESPN with the late Jim Valvano to raise funds for cancer research. Ticket prices and an on-sale date for the
event will be announced at a later date.
The 2000 ESPY Awards is being presented by ESPN in association with the MGM Grand, ''The City of
Entertainment.'' The MGM Grand boasts 5,005 rooms and suites, the Studio 54 nightclub, ''EFX'' starring nine-time
Tony Award winner Tommy Tune, signature restaurants and chefs, and the new must-see Lion Habitat. The
17,157-seat MGM Grand Garden Arena features mega concerts as well as special events including the Barbra
Streisand Millennium Concert, Andre Agassi's annual Grand Slam for Children Benefit, the Fox Billboard Music
Awards, along with championship boxing.
SOURCE: MGM Grand
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| To: miklosh who wrote (93) | 10/23/2001 7:48:11 PM | | From: ivand | | | | Really quiet on here for a very long time. I like MGG's solid earnings and low P/E relative to other players in this industry. I don't think gambling or Los Vegas will ever go away, and I like MGM's focus on very lucrative markets. The charts indicate that the stock is oversold right now--any thoughts on price action in the short and long term?
Ivan |
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