BNET Industries
MGM Mirage (MGM) is in the Travel Industry
- Revenue
- Dec 31 2007
- $7.6B
- Profit
- Dec 31 2007
- $1.5B
- Market Cap
- Oct 10 2008
- $4.6B
Latest News and Analysis
Unexpectedly, Las Vegas Hit By Downturn
By Deena BeasleyLAS VEGAS (Reuters) - Sue Garrett, in Las Vegas for a birthday party earlier this month, went to what she considers extraordinary lengths to hold down the cost of her trip."We decided to sit through one of those blasted timeshare presentations to get a free hotel room," said...
Unexpectedly, Las Vegas Hit By Downturn
By Deena Beasley LAS VEGAS (Reuters) - Sue Garrett, in Las Vegas for a birthday party earlier this month, went to what she considers extraordinary lengths to hold down the cost of her trip. "We decided to sit through one of those blasted timeshare ...
Can Newspapers Learn Anything from Casinos?
Robert Salomon submits: Apparently more than just the lines in the sports book, …at least so says the CEO of MGM Mirage see Casino CEO Encourages Newspapers to Change. According to Terry Lanni, the CEO of MGM Mirage Casinos MGM, newspapers stand to learn a fair amount about change...
Nevada: More Than Just Gambling?
Stockerblog submits: Nevada is more than Las Vegas. Its banking and finance industries are very strong, as is also the construction industry, but there is yet a lot more. Check out the following interesting facts:Nevada is a state without usury limits, which has attracted many credit card companies to...
Hedge Fund Manager's Notebook: Why the Euro is Tanking, MGM's Folly, and an Attractive Farming Stock
1) Nice speech Hilary. You got my vote. Too bad you are not running for anything. The worse George Bush?s performance became the more radical the reaction had to be, hence Obama. 2) It is amazing that natural gas [NG] let you in at $7.75 when the hurricane...
6 Ways to Profit from a China Investing Strategy
William Patalon III submits: Investors who abandon China now will live to regret their decision. That’s why we say that every investor has to have a China investing strategy. by William Patalon III
15 Value Hedge Funds Portfolio Update
Mebane Faber submits: Are the top value hedge funds going to beat the market every quarter, or just outperform when the market is going up? Maybe we should ask Will Ferrell, errr, I mean Robert Goulet: by Mebane Faber
Three Casino Stocks Rolling Over
Trader Mark submits: Gas is down 40 cents, the US consumer is back! Pile in! Pile in! Not so much.... as I keep saying each time these consumer discretionary stocks [Stuff I've Been Negative on Since Last Fall] jump on Kool Aid recovery talk - they just create...
Russell 1,000 Stocks with the Highest Short Interest as a Percentage of Float
Hickey and Walters Bespoke submit: July month-end short interest figures were released earlier this week, and below we highlight stocks in the Russell 1,000 with the highest short interest as a percentage of float. As shown, more than 50% of both Big Lots' BIG and Sears Holdings' SHLD...
Have We Reached the Turning Point?
Trader Mark submits: Very positive action Monday after surpassing S&P 1290. Still 2 hours to go but any close over 1305 or so would make us happy campers from the long side. (need to stress - we need to close above that level; not simply trade over it during the...
MGM MIRAGE Q2 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator instructions Your first question is from Felicia Hendrix with Lehman Brothers. Felicia Hendrix – Lehman Brothers Hi. Good morning, guys. Aldo Manzini Hi, Felicia. Felicia Hendrix – Lehman Brothers Just wondering the $1.65 billion, what rate was that priced at? Aldo Manzini Well, we'll give...
Casino Stocks Scream Value Play
Inglefox Investing submits: I am a frequent visitor of Las Vegas, and in my most recent visit I noticed that, despite the recent poor performance of the share prices of such companies as MGM Mirage MGM, Boyd Gaming BYD and Las Vegas Sands LVS, every single casino was still just...
Research and Markets: Get A Complete and Comprehensive Analysis of MGM Mirage
DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/research/69b75f/analysis_of_mgm_mir a) has announced the addition of the "Analysis of MGM Mirage" companyprofile to their offering.
MGM MIRAGE's Board of Directors Approves New Twenty Million Share Repurchase Program
LAS VEGAS, May 14 /PRNewswire-FirstCall/ -- MGM MIRAGE today announced that its Board of Directors has approved a new stock repurchase program authorizing the Company to purchase up to twenty million shares of Company common stock. The purchases can be made from time to time through open...
MGM Mirage Q1 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions. Your first question comes from the line of Larry Klatzkin with Jefferies & Co. Larry Klatzkin - Jefferies Hey Guys. Terry Lanni Hi Larry. Larry Klatzkin - Jefferies Good cost cutting. A couple of questions is as far as the extra 14 acres in AC...
MGM MIRAGE Reports First Quarter Results
LAS VEGAS, May 6 /PRNewswire-FirstCall/ -- MGM MIRAGE today reported its first quarter 2008 financial results. The Company earned $0.40 per diluted share from continuing operations in the first quarter, compared to $0.55 in the prior year. The Company experienced low-single digit percentage decreases in both...
Executives from Microsoft and MGM Mirage to Discuss Technologies and Innovation During Gartner Emerging Trends Symposium/ITxpo, April 6-10, in Las Vegas
STAMFORD, Conn. -- Gartner, Inc. analysts will sit down with top innovators who are driving change with next-horizon technologies during the Innovator Interview Keynotes at Gartner Emerging Trends Symposium/ITxpo, being held April 6-10 at Mandalay Bay in Las Vegas.
MGM MIRAGE Q4 2007 Earnings Call Transcript
Question-and-Answer SessionOperator Operator instructions Your first question comes from the line of Larry Klatzkin with Jefferies & Company. Larry Klatzkin - Jefferies & Co. Hey guys. Glad to hear Vegas is still strong and living. A couple of questions. One, Dan, for clarification. If you were to...
MGM Mirage to Present at 2008 Emerald Asset Management Groundhog Day Investment Forum, Fox Business Network Liz Claman to Provide Keynote Speech
LANCASTER, Pa. -- Emerald Asset Management announced that MGM Mirage (NYSE:MGM) will be presenting at the 15th Annual Emerald Groundhog Day Investment Forum at the Radisson Plaza-Warwick Hotel located in the Rittenhouse Square District in center city Philadelphia on February 7, 2008. Emerald has also announced that Fox Business Network...
Research and Markets: Strategic Planning Tool to Evaluate the Strengths, Weaknesses, Opportunities, and Threats of MGM Mirage
DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c81070) has announced the addition of "MGM Mirage - SWOT Framework Analysis" to their offering.
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- Incorporated: 1986
- CEO: Mr. J. Terrence Lanni
MGM Mirage is a holding company. Through its subsidiaries, Co. owns and operates casino resorts. At Dec 31 2007, Co. owned and operated 17 casino resorts in Nevada and Mississippi and had investments in four other casino resorts in Nevada, New Jersey, Illinois and Mississippi. Co. owns and operates the following casino resorts on the Las Vegas Strip in Las Vegas: Bellagio, MGM Grand Las Vegas, Mandalay Bay, The Mirage, Luxor, Treasure Island, New York-New York, Excalibur, Monte Carlo, Slots-A-Fun and Circus Circus. In addition, Co. has a 50.0% interest in MGM Grand Macau, a hotel-casino resort in Macau.
Key Competitors
MGM Mirage Company Info
Board of Directors
Mr. J. Terrence Lanni
Chairman
Mr. Anthony Mandekic
Ms. Rose McKinney-James
Mr. James J. Murren
Mr. Daniel J. Taylor
Mr. Melvin B. Wolzinger
Mr. Robert H. Baldwin
Mr. Willie D. Davis
Mr. Kenny C. Guinn
Mr. Alexander M. Haig Jr.
Ms. Alexis M. Herman
Mr. Roland A. Hernandez
Mr. Gary N. Jacobs
Mr. Kirk Kerkorian
Contact Information
3600 Las Vegas Boulevard South
Las Vegas, NV
702 693-7120
NAICS Code
Casino Hotels: 721120
