Park MGM News - Page 11

The $375 million venue, which opens in April, is loaded with features that sets it apart from most sporting and concert arenas.

Under a 10-year deal that starts this year, Las Vegas Events will be doling out $10 million in prize money to the 120 cowboys competing in seven categories at NFR, considered the Super Bowl of rodeo events and sanctioned by the Professional Rodeo Cowboys Association.

Unlike the real estate investment trusts started over the last few years by Penn National, Pinnacle and Caesars, MGM's move into an REIT is a "different animal," according to one industry analyst.

The Nevada Gaming Control Board gave Sam Nazarian temporary approval to sell his 10% stake to Stockbridge Capital Partners.

The company says the formation of a real estate investment trust will offer "strategic and financial benefits."

The current plans for the new MGM-AEG arena in Las Vegas don't include a dedicated parking garage. Here's why Richard M. Velotta thinks that's a problem.

Rick Arpin offered a variety of ideas to the Southern Nevada Tourism INfrastructure Committee, including pedicabs and apps.

The country star will play multiple dates at the new venue on April 22-23 and Sept. 9-10.

While plans for the MGM-AEG project's have not yet been released, officials promise that there will not be the usual "sea of pavement" outside the arena.

A spokesman for MGM has declined to comment on the rumored transaction, but Wall Street analysts predict that The Mirage could sell for between $1 billion and $1.5 billion.

The first trees have been planted at the simply named Park, an MGM Resorts project that aims to provide a cool, natural refuge in the urban Strip.

The $100 million theater is the latest in a line of nongaming developments MGM is investing in at its nine Strip resorts.

MGM Resorts plans to focus on expanding and improving its existing properties on the Strip, and opening new casinos in other parts of the world.

MGM becomes the latest Las Vegas operator to leave Nevada Power and purchase its own electricity on the wholesale market, joining Wynn Resorts and Las Vegas Sands.

MGM Resorts International will hold a job fair Wednesday at the Mandalay Bay Events Center to hire more than 500 permanent positions at 12 of the company’s Strip-area resorts.

Analysts believe the Strip will continue its rebound, although gaming won’t be the primary reason.

The career fair will be held in the MGM Grand Conference Center, 4701 Koval Lane, inside the marquee ballroom on Tuesday from 10 a.m. to 4 p.m. and Wednesday from 1 p.m. to 7 p.m.

Don Thrasher was most recently president of Circus Circus Las Vegas.

Nazarian, 39, the visionary behind the Strip’s first major hotel-casino unveiling in four years, quickly learned he had support from the competition for the $415 million renovation of the Rat Pack-era Sahara.

Moody’s Investors Service recently downgraded its view of the U.S. gaming market from “stable” to “negative,” putting all the blame on regional gaming destinations where weak results have investors sweating.