On schedule: Arena rising quickly behind NY-NY

LAS VEGAS – What do you get if you add 21,000 yards of concrete, 7,000-plus pounds of steel, almost 4 million feet of copper cable and more?

One massive arena.

Company leaders this morning welcomed members of media to the construction site of the new Las Vegas arena for a project update.

“We’re running on schedule and have made lots of progress since we broke ground. Within the last few months, we’ve gone vertical,” said Rob Stevens, Sr. Vice President with Icon Venue Group, the project management firm overseeing the construction process. READ MORE

Santa sightings: St. Nick on The Strip this season


Santa Claus is coming to town! Visit the jolly old elf at “Santa in the Shipwreck” at Mandalay Bay’s Shark Reef Aquarium and the Luxor’s Titanic exhibition.

LAS VEGAS – Santa Claus has already been spotted around town and rumor has it that he’ll be dropping by a few more places before Christmas.

Jolly old St. Nicholas is visiting two Company attractions this holiday season. Guests of Shark Reef at Mandalay Bay will enjoy the annual “Santa in the Shipwreck” event Dec. 20-24. Kids (and kids at heart) can get their picture taken with Santa and enjoy the spirit of the season with all of your favorite underwater friends.

A fan of both aquariums and famous maritime disasters, Santa is also planning to stop by Luxor’s Titanic exhibition this Sunday, Dec. 21, from 1 to 3 p.m. Santa will greet guests and pose for photos on the opulent Grand Staircase. Shoppers can also purchase the only authentic Titanic artifact available for sale; a commemorative piece of coal that was part of the nearly 6,000 tons loaded on board R.M.S. Titanic.

After your visit with Santa, head over to Bellagio and stroll through the Winter display at the Conservatory, complete with playful polar bears, penguins, giant snow globes and a majestic, shining 42-foot Christmas tree. And don’t miss a holiday-themed performance by the Fountains of Bellagio, choreographed this time of year to eight different holiday songs.

Holiday fountain shows will continue through Jan. 4. The Fountains of Bellagio perform every 30 minutes from noon to 7 p.m. and every 15 minutes from 7 p.m. to midnight during the holidays. Here’s the full holiday Fountain lineup:

It’s Beginning to Look a Lot Like Christmas

The Most Wonderful Time of the Year

Hallelujah Chorus

Carol of the Bells

O Holy Night

We Need a Little Christmas

Sleigh Ride

Santa Baby

The World Plays Here

TWPH-static-2012-8x1.7“Anyone big playing in town this week?” You bet. This weekend if basketball is your thing, catch the MGM Grand Showcase hoops action at the MGM Grand Garden Arena. And glide your way through the holidays with Pandora Unforgettable Moments on Ice at the Mandalay Bay Events Center.  READ MORE

Company helps draft industry’s first Bank Secrecy Act compliance guidelines

Members of the MGM Resorts compliance team recently took part in an effort to create a new set of industry guidelines.

Members of the MGM Resorts compliance team recently took part in an effort to create a new set of industry guidelines.

LAS VEGAS – Our Company is once again at the forefront of change within the gaming industry.

MGM Resorts, through its membership in the American Gaming Association (AGA), recently took an active role in the AGA’s effort to create policies and guidelines in order for the gaming industry to more effectively comply with requirements of the Bank Secrecy Act (BSA). Casinos, like banks and brokerage firms, are defined as financial institutions under the BSA. The casino industry as a whole took an important step forward in their engagement with the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) by creating a new set of industry guidelines, the Best Practices for Anti-Money Laundering Compliance.

Company compliance leaders, including Sr. Vice President and Chief Compliance Office Thomas Peterman, Vice President of Gaming Compliance Peggy Jacobs, and Vice President of International Compliance Josh Smith, were invited to be a part of the process that improved the industry at large and put increased emphasis on this important issue.

“We traveled to Washington, D.C. to meet with other gaming professionals, people from the AGA, and the Department of Treasury to share ideas, contributing greatly to the numerous drafts. The whole process took about a year,” said Mr. Peterman. “This input gave us an opportunity to share our experiences and procedures we already had implemented at our resorts. This also gave us an avenue to show that we are an active member in the gaming industry.” READ MORE

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