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Home > (MGM, CLNO, DAN, KEM, DCI) Stocks Under Consideration by StockHotTips.com

(MGM, CLNO, DAN, KEM, DCI) Stocks Under Consideration by StockHotTips.com

August 27th, 2011 at 04:15 pm

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As of November 16, 2010, MGM Resorts International (NYSE:MGM) owned and operated 15 properties located in Nevada, Mississippi, and Michigan, and has 50% investments in 4 other properties in Nevada, Illinois, and Macau. MGM Resorts International, through its subsidiaries, owns and operates casino resorts in the United States. MGM Resorts International's resorts offer gaming, hotel, dining, entertainment, retail, and other resort amenities. MGM Resorts International also owns and operates golf courses and a golf club.

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MGM Resorts International recently reported consolidated operating income of $3.7 billion for the second quarter ended June 30, 2011 compared to a $1.0 billion operating loss in the same period the prior year.

The Light Group, Las Vegas' leading hospitality, development and management company, is excited to announce the opening of 1OAK at The Mirage Hotel & Casino. In a unique partnership with The Butter Group, New York's preeminent lifestyle and hospitality company and owners of elite restaurants The Darby and Butter; lounges and nightclubs The Darby Downstairs, 1OAK NYC, Butter NC and 1OAK Brazil, 1OAK Las Vegas will offer a one-of-a-kind nightlife experience beginning New Year's Eve 2011.

The Light Group, which currently owns and operates 15 restaurants and nightlife destinations on the Las Vegas Strip, will close the doors to premier celebrity hot spot JET Nightclub at The Mirage Tuesday, September 6. Since opening in 2005, JET has been frequented by top actors, artists, athletes and other personalities including Fergie, Lady Gaga, Britney Spears, Sean "Diddy" Combs, Rihanna, Pete Wentz, Jamie Foxx, Ciara, Gavin Rossdale, Slash, Benicio Del Toro, Adam Levine, Tony Hawk and LeBron James.

In addition, MGM Resorts International has an agreement with the Mashantucket Pequot Tribal Nation, which owns and operates a casino resort under the MGM Grand brand name in Mashantucket, Connecticut. MGM Resorts International was formerly known as MGM MIRAGE and changed its name to MGM Resorts International on June 15, 2010. MGM Resorts International was founded in 1986 and is based in Las Vegas, Nevada. The Mirage is a wholly owned subsidiary of MGM Resorts International.

For more information about MGM Resorts International, please visit: www.mgm-mirage.com

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