Wednesday, June 16, 2010

MGM Resorts International is Official

MGM Mirage officially changed their name to MGM Resorts International today. They also unveiled a new website. The move had been proposed for some time but was just approved by shareholders.

People have been speculating that this means they are selling The Mirage, but I believe this speculation to be unfounded.

Source: MGM Press Release.

Tuesday, June 15, 2010

ESPN Zone Closing

The majority of the ESPN Zone restaurants are closing, including the one in Las Vegas at New York New York.

It will be interesting to see what will now occupy the ESPN Zone space. I think it would be a good opportunity for NYNY to expand their sports book. Lagasse's Stadium over at Palazzo seems to be pretty successful as a restaurant / sports book hybrid, so perhaps they will try something like that. The ESPN Zone space is prime property right on the strip, so there are a ton of options.

Source: WSJ.