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News Breaks
March 13, 2014
08:22 EDTMGM, PNKMGM Resorts, Pinnacle Entertainment announce strategic marketing relationship
MGM Resorts (MGM) and Pinnacle Entertainment (PNK) announced a strategic marketing partnership for the companies' rewards programs – MGM Resorts' M life and Pinnacle's mychoice. Beginning April 1, select mychoice members will be offered hotel stays, show tickets and other exclusive benefits at MGM Resorts' properties in Las Vegas. MGM Resorts' M life members will receive offers for hotel stays, dining and other memorable experiences at Pinnacle's properties in prominent gaming markets throughout the U.S.
News For MGM;PNK From The Last 14 Days
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May 20, 2015
08:37 EDTMGMMorgan Stanley to hold a conference
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May 19, 2015
16:39 EDTMGMLand and Buildings will not nominate slate at MGM 2015 annual meeting
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06:02 EDTMGMMGM Resorts signs agreement with Revionics
Revionics announced that MGM Resorts International has signed a multi-year agreement for Revionics Price Optimization to enhance retail pricing strategies throughout its U.S. properties, including Bellagio, MGM Grand, Mandalay Bay, The Mirage and other properties.
May 15, 2015
07:43 EDTMGMGlass Lewis recommends MGM investors endorse Land & Buildings nominee
Land and Buildings Investment Management announced that Glass, Lewis & Co., an independent proxy voting advisory firm, has recommended that shareholders of MGM Resorts International vote on the GOLD proxy card to elect nominee Matthew Hart, saying: “In light of the company's prevalent shareholder return underperformance and undervaluation relative to peers, as well as lingering concerns with respect to capital allocation, financial discipline, accountability and overall boardroom culture, we believe the Dissident has established a case for change at the board level... In our view, L&B has presented a compelling opportunity for MGM to unlock substantial value through a potential REIT conversion and additional measures which would further de-lever the balance sheet." Jonathan Litt, Founder and CIO of Land and Buildings, said, “The fact that Glass Lewis is endorsing one of our nominees sends a clear message that change is needed in the MGM boardroom in order to deliver value for all shareholders. We are extremely gratified that Glass Lewis has agreed with so many of the points we have brought to light throughout this campaign, and encourage shareholders to follow the Glass Lewis recommendation and vote on the Gold proxy card.”
05:43 EDTMGMWynn Resorts downgraded to Equal Weight from Overweight at Barclays
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May 13, 2015
14:32 EDTPNKISS recommends Pinnacle shareholders vote for six proposals protecting rights
UNITE HERE announced that proxy advisory firm Institutional Shareholder Services recommends shareholders of Pinnacle Entertainment (PNK) support six shareholder proposals aiming to protect shareholder rights in the event of a spin-off. The proposals address shareholder rights at any spin-off company, including management’s proposal to spin-off real estate assets into a new REIT, or Gaming and Leisure Properties’ (GLPI) alternative plan to spin-off an operating company and then acquire the remaining real estate assets. UNITE HERE submitted the package of corporate governance proposals for the May 19 Annual Meeting.
10:40 EDTMGMMGM Resorts says ISS recommends shareholders vote for all company nominees
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10:26 EDTMGMISS endorses all of MGM nominees in proxy fight, CNBC's Faber reports
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May 12, 2015
07:50 EDTMGMWells Fargo to hold a conference
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May 11, 2015
08:36 EDTPNKPinnacle deal a significant catalyst for Gaming and Leisure, says Susquehanna
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