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MGM offers charity to avoid directly serving Las Vegas shooting victims, Las Vegas Review-Journal

MGM Resorts International said Tuesday that it could donate as much as $1 million to Oct. 1–related charities if lawyers for Mandalay Bay shooting victims accept lawsuit notices on behalf of nearly 2,000 clients. The move is part of the next step in its legal strategy to sue hundreds of Oct. 1 shooting victims to avoid liability for the acts of Stephen Paddock, who opened fire on a crowded concert from his hotel room. Lawyers and crisis managers called Tuesday’s offer “unusual” and said it was likely an attempt to avoid another public relations mishap. “We understand that being served with a lawsuit can be difficult. We believe that donating funds to a 1...

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MGM Offers To Donate Nearly $1 Million On Behalf Of Las Vegas Victims It Is Suing : NPR

The company that is suing surviving victims of the 2017 Las Vegas mass shooting has offered to make charitable contributions on their behalf — a move the company hopes will allow the case to proceed to federal court. In a Tuesday letter addressed to attorneys representing more than 1,900 named defendants, MGM Resorts International offered to donate $500 to any charity connected to the deadly concert shooting for victims who authorize their lawyers to accept legal notice of the company's lawsuit. "This is not only standard practice, it also allows us the opportunity to take the money that would be spent on personal service and use it to support community organizations working to benefit the...

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Here's Why MGM Resorts May Be the Best Casino Bet -- The Motley Fool

With a meaningful presence in multiple markets, MGM would not be hurt as much by a downturn in any one region. It may miss out on some of the highest highs as a result, but should also avoid the lowest lows. Instead, it promises investors a steadier performance, something borne out by its second quarter earnings results. A diverse portfolio Like Las Vegas Sands and Wynn Resorts, MGM Resorts has casinos in Macau, China. However, unlike those rivals, most of MGM's revenue is derived from the U.S., where it owns half of the casinos on the Las Vegas Strip. While that suggests it could be hurt by any downdraft that sweeps through the city, the impact would be blunted, because MGM also has...

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MGM Resorts sues more than 1,000 victims of Las Vegas shooting, The Independent

The owner of a hotel in which Los Vegas shooter Stephen Paddock stayed during his deadly rampage last year, has filed suit against more than 1,000 of his victims in an attempt to avoid liability. MGM Resorts International filed suit in Nevada and California this week against victims of the 2017 mass shooting – the deadliest in US history. The lawsuit argues that MGM cannot be held responsible for deaths, injuries, or other damages stemming from the shooting, and says all claims against the company “must be dismissed”, according to local reports. The suit does not seek compensation from victims, but seeks to prevent future lawsuits against the company from moving forward, the Las Vegas...

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Goldman Sachs Cashes Out Of MGM Stock, Recommends Wyndham And Las Vegas Sands, Benzinga

Goldman Sachs Cashes Out Of MGM Stock, Recommends Wyndham And Las Vegas Sands For MGM Resorts International (NYSE: MGM ), Las Vegas business hasn’t been booming the way some investors had hoped, prompting one Wall Street analyst to take a closer look at the stock. The Analyst Goldman Sachs analyst Stephen Grambling downgraded MGM from Buy to Neutral, removed the stock from Goldman’s Conviction Buy list and lowered his price target from $40 to $35. The Thesis Grambling said there’s been a lot to like about MGM over the past year, but several key components of the bull thesis haven’t played out well for the company. Despite better-than-expected gross gaming revenue...

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After 20 years, ‘Lion’s Share’ slot machine at MGM Grand pays out $2.4 million jackpot - Las Vegas Sun Newspaper

Saturday, Aug. 23, 2014 | 4:58 p.m. A lucky New Hampshire couple leaves the Strip tonight for their flight home as winners of a $2.4 million jackpot from the legendary “Lion’s Share” slot machine at MGM Grand. The machine hit the big jackpot on Linda and Walter Misco’s last night in town — just before midnight this morning (or about the same time as the opening of SLS Las Vegas north of them on the Strip). One of the winners inserted $100 into the machine and was playing the $3 max bet for about five minutes when the three long-awaited green emblems lined up horizontally on the jackpot center pay line. I wrote about the famed slot-machine jackpot in February playing it myself after waiting...

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MGM sues victims and survivors of Las Vegas shooting at Route 91 Harvest music festival, claiming no liability - CBS News

MGM Resorts International is suing more than 1,000 victims and other survivors of last year's mass shooting in Las Vegas, claiming it has no liability for the deadliest mass shooting in modern U.S. history. The lawsuits outraged the victims and their lawyers. "I've never seen such callous, reprehensible behavior," Robert Eglet, a Las Vegas attorney who said he represents about 1,000 survivors, told CBS News. "They're victimizing these poor people twice." Muhammad Aziz, a Houston attorney who said he represents about 1,400 survivors, called the lawsuits "unprecedented" and said his clients were "surprised, shocked, angered." MGM filed federal complaints in Nevada and California on Friday...

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MGM Grand Hotel Casino, Las Vegas

MGM Grand Hotel & Casino | Las Vegas Getaways MARKET PICK About MGM Grand Hotel & Casino Located in Las Vegas (Las Vegas Strip), MGM Grand Hotel...

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Las Vegas strike threat: union reaches tentative deal with MGM Resorts, US news, The Guardian

A union for casino-hotel workers said it has reached a tentative agreement with MGM Resorts International, covering nearly half of the 50,000 employees threatening to strike in Las Vegas. The deal between MGM and the Culinary Workers Union Local 226 was announced by the union in a tweet late on Saturday. A tentative accord between the labor union and the other big casino employer threatened by the job action, Caesars Entertainment, was reached on Friday afternoon. “BREAKING. We are pleased to announce that a tentative agreement has been reached with MGMResortsIntl,” read the late-night announcement on Twitter. “The historic new 5-year contract covers approximately 24,000 workers at 10...

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