SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

   Non-TechMGM Grand Hotel and Casino Symbol MGG


Previous 10 
To: Vladimir Zeetser who wrote (86)11/9/1998 9:54:00 AM
From: Troy Griffin
   of 96
 
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

Share RecommendKeepReplyMark as Last Read


To: Vladimir Zeetser who wrote (86)11/9/1998 3:45:00 PM
From: miklosh
   of 96
 
Hi Vladimir,here's the news: MGM To Buy Primadonna Resorts - AP
dailynews.yahoo.com

RESEARCH ALERT_- MGM Grand upgraded
biz.yahoo.com

regards
miklosh

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: miklosh who wrote (88)2/5/1999 4:30:00 AM
From: miklosh
   of 96
 
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.

Share RecommendKeepReplyMark as Last Read


To: Steven W. who wrote ()4/15/1999 9:34:00 AM
From: Whisperer!
   of 96
 
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

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Whisperer! who wrote (90)4/20/1999 1:40:00 AM
From: miklosh
   of 96
 
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).

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: miklosh who wrote (91)6/10/1999 4:53:00 PM
From: miklosh
   of 96
 
Alert: Mgm Grand Sets $50 Per Share Tender for 6 Mln of its Common Shrs - Reuters

biz.yahoo.com

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: miklosh who wrote (92)6/24/1999 12:30:00 PM
From: miklosh
   of 96
 
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

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: miklosh who wrote (93)10/23/2001 7:48:11 PM
From: ivand
   of 96
 
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

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: ivand who wrote (94)11/7/2001 12:26:47 AM
From: miklosh
   of 96
 
Hi Ivan.
Sorry I didn't reply sooner. I sold a while back @32. I'm thinking tech will do better for the near term.

Share RecommendKeepReplyMark as Last Read


From: nickholder112311/8/2012 6:35:12 PM
   of 96
 
News shocked MGM



After the big loss in Q3, MGM Resorts International’s stock price dropped down a little bit. However, MGT Capital Investments (MGT) just announced that it is suing the big casino companies like MGM Resorts, Caesars Entertainment, WMS Gaming, Penn National Gaming and Aruze Gaming America for patent infringement. According to a MGT investor presentation, this case could generate between $330 million and $4.5 billion over the life of the patent (10 years). It will definitely shock the casino industry, but not for MGT, this case makes them can have chance to double their stock price.

Slot machines are the most popular gambling method in casinos and generate about 70% of the average US casinos' income and don’t forget one thing, casinos replace their gaming devices about every seven years, and the last replacement cycle began in 2001, it should be 2008 next cycle, but we were hit by financial crisis, casinos just put their investment on hold, once the economy turns around, MGM would spend more money on it. Wise investors should have their own judgement on this case.

Share RecommendKeepReplyMark as Last Read
Previous 10