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Non-Tech MGM Grand Hotel and Casino Symbol MGG

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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.

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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

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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).

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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

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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

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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

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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.

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From: nickholder1123	11/8/2012 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.

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