Shares of MGM Resorts International plunged as much as 10 percent Thursday morning after the company cut its earning guidance for 2018 due to weakness at two Strip properties.
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MGM Resorts International has hired at least five former Metropolitan Police Department SWAT team members and several former military officers in recent months as it strengthens security at its properties following the deadliest mass shooting in modern U.S. history.
MGM Resorts released more than an hour of security footage of Oct. 1 gunman Stephen Paddock. In the Mandalay Bay videos released to the Las Vegas Review-Journal, gunman Stephen Paddock appears calm and collected as he begins executing the setup for the worst mass shooting in modern U.S. history.
Contributions from the Southern Nevada gaming, tourism and entertainment industry accounted for almost 40 percent of the $31.4 million collected by the Las Vegas Victims’ Fund, organizers of the fund said Friday.
State officials have created a task force to spur oversight of casino emergency response plans following the Oct. 1 massacre outside Mandalay Bay on the Las Vegas Strip.
MGM Resorts and the Metropolitan Police Department have confirmed discussions for a possible SWAT building at the site of the Las Vegas Strip shooting.
Nevada officials have embarked on a broad campaign to improve oversight of casino emergency response plans in the wake of failings exposed in a Review-Journal investigation.
Mandalay Bay had closed a few floors starting in late November amid a guest slowdown caused by the combination of the holiday season and fallout from the Oct. 1 mass shooting at a nearby music festival. A lone gunman shot at concertgoers from a suite on the Strip hotel’s 32nd floor.
Mandalay Bay hotel staff had more than 10 interactions with Stephen Paddock in the days leading up to his Oct. 1 massacre of 58 people on the Strip, MGM Resorts International said Friday.
While analysts who cover MGM Resorts International are reluctant to talk about the company’s financial prospects two months after the 1 October massacre, they’re collectively saying MGM stock would be a good addition to a portfolio.