News For MGM From The Last 14 Days Check below for free stories on MGM the last two weeks.
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March 12, 2010
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| 09:04 EDT |  | MGM |
| theflyonthewall.com: | MGM Mirage enters settlement agreement in NJ, to sell Borgata interest | | MGM Mirage announced that it has entered into a settlement agreement with the New Jersey Division of Gaming Enforcement, or DGE, under which it will sell its 50% ownership interest in the Borgata Hotel Casino & Spa and related leased land in Atlantic City. The settlement is subject to approval by the New Jersey Casino Control Commission, or CCC. If approved, MGM Mirage will cease doing business as a gaming licensee in New Jersey. As MGM Mirage previously announced, the DGE has recommended to the CCC that MGM Mirage's joint venture partner in Macau be found unsuitable and the Company be directed to disengage itself from any business association with this partner. Under the terms of the settlement, the company will place its interest in the Borgata and related leased land in a divestiture trust. The settlement mandates the sale of the trust property within a 30-month period. During the first 18 months, MGM Mirage will have the right to direct the trustee to sell the trust property, subject to approval of the CCC. If a sale is not concluded by that time, the trustee will be responsible for selling MGM Mirage's interest in the Borgata and related leased land during the following 12-month period. :theflyonthewall.com |
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March 11, 2010
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| 07:06 EDT |  | MGM |
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March 10, 2010
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| 10:45 EDT |  | MGM |
| theflyonthewall.com: | MGM Mirage nearing breakout, potential bullish pattern | | The shares are nearing major resistance at the $12.30 area. This level is the upper bound of a potential bullish symmetrical triangle pattern. A move above $12.30 would trigger that pattern. Upside potential, if the pattern triggers and completes, is to the $16 area. Support is at $11.63, $11.44. :theflyonthewall.com |
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March 8, 2010
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| 08:57 EDT | | MGM |
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March 5, 2010
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| 08:31 EDT |  | MGM |
| theflyonthewall.com: | MGM Mirage volatility near 20-month lows | | MGM Mirage closed at $10.77. MGM March put option implied volatility is at 54, June is at 59, and September is at 62; below its 26-week average of 73, according to Track Data, suggesting decreasing price movement. :theflyonthewall.com |
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March 3, 2010
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| 13:58 EDT | | MGM |
| theflyonthewall.com: | MGM Mirage plans Macau casino IPO in Q3, Bloomberg reports | | The company has picked lead underwriters, CEO Jim Murren said. :theflyonthewall.com |
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March 1, 2010
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| 09:34 EDT | | MGM |
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February 26, 2010
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| 09:13 EDT |  | MGM |
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