MGM Grand Hotel & Casino Las Vegas News - Page 20

One happy couple were euphoric at the MGM Grand casino on Friday evening as their green emblems aligned.

The resort’s last three-reel slot is facing retirement after finally paying out $2.4 million Friday night.

Following the company’s release of second-quarter earnings this month — a profit of $105.5 million on revenue of $2.6 billion — the investment community praised the company and lauded expansion opportunities in the U.S. and Macau.

James Packer is forming a company with ex-Wynn Las Vegas President Andrew Pascal and investment firm Oaktree Capital Management to construct a hotel-casino on the 35-acre site where the New Frontier once was.

Hakkasan Group announced Wednesday it will close the nearly 10-year-old club May 26 for an extensive renovation and expansion that will open in 2015.

The Las Vegas-based casino giant said its net income for the quarter that ended March 31 was $108.2 million, or 21 cents per share.

MGM Resorts International and the Hakkasan Group have announced the formation of a joint venture hotel management company called MGM Hakkasan Hospitality.

Financial terms of the deal were not disclosed. Based in San Diego, Enlightened Hospitality Group operates Searsucker and Herringbone restaurants in California and Texas.

Las Vegas-based Global Cash Access will continue to provide the gaming company cash access services, and will install ticket redemption kiosks at MGM Resorts properties.

A jackpot hit for $12,463,147.70 on a Megabucks slot machine at the MGM Grand in Las Vegas.

MGM Resorts Chairman Jim Murren said he expects to see additional improvements in upcoming quarters.

MGM reports an increase in convention booking for 2014, with the hope that numbers will return to the healthy levels they were back in 2007.

Members of Hyatt’s loyalty program have access to hotel rooms at a dozen Strip-area resorts, including the MGM Grand, Mandalay Bay, Aria and Bellagio.

The scalable, low-cost, turnkey solution works seamlessly with all brands and generations of gaming machines and systems to develop, dynamically manage and present content to players.

Angel Management Group announced the opening schedule Tuesday for the Hakkasan Las Vegas at the MGM Grand.

Casino City's Vin Narayanan and Aaron Todd discuss the MGM offering free-wi in its Las Vegas Strip casnios, Erick Lindgren's battle with gambling addiciton and the fate/future of bar bets. They also pick this weekend's NFL playoff games against the spread.

Aaron Todd profiles some of the top blunders -- from tilting the odds in the players' favor, to putting out the wrong results -- made by gambling operators.

Allegations of underage gambling by Whitney Houston's daughter Bobbi Kristina investigated in Nevada.

Nevada gaming regulators are looking into allegations that Bobbi Kristina Brown, 19, was gambling at the MGM Grand last weekend.

Lucky fan will stay at the MGM Grand and play blackjack with Nickelback.