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News Breaks
11:19 EDTMGM
theflyonthewall.com: MGM Mirage remains cautiously optimistic for remainder of 2009, 2010 and 2011
These comments were made from the Q3 earnings conference call. :theflyonthewall.com



News For MGM From The Last 14 Days
Check below for free stories on MGM the last two weeks.
There are 14 items on the Fly with pertinent information.
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March 19, 2010
09:38 EDTMGM
theflyonthewall.com: Stanley Ho denies allegation of mob ties, WSJ reports

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09:35 EDTMGM
theflyonthewall.com: Paranaque makes bid to be the next Macau, Manila Standard Today reports
President Gloria Arroyo of the Philippines has declared a parcel of land in Parañaque City to be groomed as Asia’s gaming capital, Manila Standard Today reports. Proclamation 2019 declare the Bagong Nayong Pilipino–Entertainment City a tourism economic zone to attract more foreign investors. Reference Link :theflyonthewall.com

March 18, 2010
08:28 EDTMGM
theflyonthewall.com: Pansy Ho is seen as heir apparent to her father, WSJ reports
Pansy Ho, the daughter of gambling tycoon Stanley Ho, is widely seen as an heir apparent to his gambling empire, the Wall Street Journal. She also sits on the board of the holding company through which Stanley Ho controls his casino operation SJM Holdings. Reference Link :theflyonthewall.com

March 17, 2010
12:45 EDTMGM
theflyonthewall.com: Settlement agreement approved in NJ MGM Mirage to sell interest in the Borgata

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12:06 EDTMGM
theflyonthewall.com: MGM Mirage sale of Borgota stake approved by New Jersey, WSJ reports
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07:51 EDTMGM
theflyonthewall.com: Macau wants casino operators to solidify development plans, WSJ reports

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March 16, 2010
12:29 EDTMGM
theflyonthewall.com: Narrow range for averages but casino stocks performing well

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08:09 EDTMGM
theflyonthewall.com: Delaware Governor suggests adding three new casinos, Casino Gambling Web reports
Delaware Governor, Jack Markell, suggested that the state add three new casinos. Delaware has been one of the more proactive states when it comes to expanded gambling in the US over the past couple of years. Reference Link :theflyonthewall.com

March 15, 2010
12:29 EDTMGM
theflyonthewall.com: Market lower, casinos are weak

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12:01 EDTMGM
theflyonthewall.com: Macau gamers will be watching Chui's policy address closely, WSJ reports

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March 12, 2010
09:04 EDTMGM
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

March 11, 2010
07:06 EDTMGM
theflyonthewall.com: Economic rebound spurs debt markets, WSJ reports

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March 10, 2010
10:45 EDTMGM
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

March 8, 2010
08:57 EDTMGM
theflyonthewall.com: Casino joint venture partners may not be a fair deal, LVRJ reports

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