LOS ANGELES (Reuters) – MGM Resorts International (MGM.N: Quote, Profile, Research, Stock Buzz) posted a narrower third-quarter loss on Thursday and was optimistic about a planned new casino in Massachusetts, although lower-than-expected margins at its Chinese and Las Vegas operations disappointed some analysts.
MGM’s net loss slimmed to $31.9 million, or 7 cents a share, from $181.2 million, or 37 cents, a year earlier. Excluding items, analysts, on average, looked for a loss of 3 cents a share, according to Thomson Reuters I/B/E/S.
Oct 24 (Reuters) – Wynn Resorts Ltd Chairman Steve
Wynn said Caesars Entertainment Corp’s withdrawal from a
$1 billion casino venture in Massachusetts was surprising and
would be discussed at his upcoming board meeting.
Caesars pulled out of its project after investigators from
the Massachusetts Gaming Commission raised concerns about its
suitability for a state gaming license.
LOS ANGELES, Oct 18 (Reuters) – Media mogul Rupert Murdoch
was re-elected chairman of Twenty-First Century Fox Inc
despite protests from shareholder groups who sought to separate
the chairman and chief executive positions of the
Shareholders elected the 82-year-old CEO, his two sons,
Lachlan and James, and the rest of the company’s 12-person board
during the meeting on Friday at the Fox studio lot in Los
LOS ANGELES, Oct 9 (Reuters) – Borgata Hotel Casino & Spa,
owned by Boyd Gaming Corp’s and MGM Resorts,
said it received the first Internet gaming permit ever in New
Jersey from the state’s Division of Gaming Enforcement.
Borgata, one of the 12 hotel-casinos in New Jersey’s
Atlantic City, said it had worked closely with the division
throughout the process. A spokeswoman for the division confirmed
it was the first Internet gaming permit to be issued by the
LOS ANGELES (Reuters) – When Britney Spears takes the stage this December for the first of a heavily hyped 100-show two-year residency at Planet Hollywood in Las Vegas, the loudest cheers may come from her insurance underwriters.
Along with the sound engineers and roadies who help stage a concert, insurance underwriters play a large role in making sure a star can get onstage and grab the microphone. Insurers are also key during those times when stars do not show and concerts get canceled.
LOS ANGELES, Oct 2 (Reuters) – When Britney Spears takes the
stage this December for the first of a heavily hyped 100-show
two-year residency at Planet Hollywood in Las Vegas, the loudest
cheers may come from her insurance underwriters.
Along with the sound engineers and roadies who help stage a
concert, insurance underwriters play a large role in making sure
a star can get onstage and grab the microphone. Insurers are
also key during those times when stars do not show and concerts
LOS ANGELES, Oct 2 (Reuters) – The dark and murky world of
online gambling comes alive in new film “Runner Runner,” a
thriller exploring the depths of greed starring Justin
Timberlake and Ben Affleck.
Writers David Levien and Brian Koppelman, who penned the
1998 gambling drama “Rounders,” return to the poker world with
“Runner Runner,” out in U.S. theaters on Friday. While gambling
is a core theme, the writers said they were inspired by the
behaviors and motivations of shady operators from many other
industries as well.
LOS ANGELES, Sept 20 (Reuters) – Cyberbullying may be the
new weapon of choice for teen harassment, but a stage musical
rendition of the 1980s cult film “Heathers,” shows just how
little high school has changed.
“Watching the show come together in 2013, it’s amazing how
constant high school behavior remains nearly 25 years later and
how high school behavior extends beyond one’s teens,” said J.
Todd Harris, a producer of the musical of screenwriter Daniel
Waters’ 1988 film.
LOS ANGELES (Reuters) – At 66 years old, Elton John says he can make whatever kind of music he wants, regardless of commercial pressure, but he professes to love what young musicians are doing today.
At a rare free concert in Los Angeles on Monday night, John told the audience that it’s time to turn over the spotlight to younger artists, even as he prepares to release his 30th solo studio album “The Diving Board.”
LOS ANGELES (Reuters) – Composers for television shows don’t usually get the same critical recognition as those composing soundtracks for films, but an increase in viewers “binge-watching” shows has led to a brighter spotlight on TV’s musical backdrop.
Emmy-nominated Robert Duncan, who scored “The Last Resort,” a TV show about a U.S. nuclear submarine crew, said that viewers who watch several episodes of a show in a row on platforms such as Netflix were changing the art form of television soundtracks.