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October 7, 2008 9:03:38 AM CDT


Stories related to: MGM Mirage

Stories

4 Stories

  • May 2008
    • US Casinos Dotting Macau Can't Cash In

      US Casinos Dotting Macau Can't Cash In

      (Newser) - Casinos on the Chinese island of Macau create more gambling revenue than the ones in Las Vegas and Atlantic City combined, but US operators—permitted to set up shop there since 2004—are decidedly not rolling in the money. The Wall Street Journal looks at the bumps in the road for MGM Mirage, Wynn and Sands, and finds that local middlemen exert untold control over VIP players—and rake in huge commissions in the process. More »

      Tags

      China   casino   Macau   MGM Mirage   Steve Wynn

  • August 2007
    • Dubai Betting $5B on Vegas Casino Giant

      Dubai Betting $5B on Vegas Casino Giant

      (Newser) - Dubai World—a company owned by the government of the oil-rich Persian Gulf state—plans to invest up to $5.1 billion in MGM Mirage, the world's second-largest casino company, Bloomberg reports. The move would give Dubai a presence in booming Las Vegas and free up assets for MGM Mirage to diversify its holdings. More »

      Tags

      Las Vegas   gambling   casino   Dubai   Persian Gulf   Kirk Kerkorian   MGM Mirage

  • June 2007
    • Kerkorkian Hedges Bets on MGM

      Kerkorkian Hedges Bets on MGM

      (Newser) - Mega-investor Kirk Kerkorian has withdrawn his intended bid for two of MGM Mirage's showcase properties. Kerkorian, who owns a 56% stake in the company, pulled his preannounced offer on news of a multi-billion dollar development deal between MGM and South African casino giant Kerzner International to develop a new property on the Strip.  More »

      Tags

      casino   Kirk Kerkorian   Bellagio   MGM Mirage

  • May 2007
    • Kerkorian Bets on Bellagio

      Kerkorian Bets on Bellagio

      (Newser) - Activist investor Kirk Kerkorian, who holds a controlling interest in MGM Mirage, is making a play to buy two of the casino company's crown jewels. Kerkorian's company, Tracinda Corp., is in talks to acquire MGM's Bellagio Casino and the $7.4 billion CityCenter development, currently under construction. Kerkorian currently owns 56% of MGM Mirage. More »

      Tags

      private equity   investors   privatization   Kirk Kerkorian   Bellagio   MGM Mirage

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