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by Howard Stutz Las Vegas Gaming Wire LAS VEGAS, Nevada -- MGM Mirage President Jim Murren said Friday the company has secured $2.3 billion of the remaining financing for its CityCenter project, lea... ... Source: www.marketintelligencecenter.com --- 6 days ago
MGM Mirage (MGM) could be on the move today and is now at $33.90, up $0.42 (1.25%) on volume of 2,218,998 shares traded. Over the last 52 weeks the stock has ranged from a low of $21.65 in July to a high of $100.50 in October. MGM Mirage stock has been showing support around $30.64 and resistance in the $34.90 range. Techni... ... Source: www.onlinecasinoadvisory.com --- 11 days ago
Dubai World is gambling on the future of MGM Mirage, arranging to buy up to a fifth of the giant casino operator. ... Source: www.topix.com --- 11 days ago
MGM Mirage's second-biggest shareholder, Dubai World, can raise its stake in the company after New Jersey regulators gave it permission to own as much as 20 percent of the world's second-largest casino ... ... Source: www.finehomeslv.com --- 2 hours ago
Dubai World was given permission to purchase up to 20 percent of MGM Mirage stock. The New Jersey gaming regulators recently will permit the second largest MGM Mirage shareholder to purchase 10.5 percent more stock. The Dubai government investment group, Dubai World, was approved by the New Jersey Casino Control Commission approved an additional purchase into [...] Tags: Las Vegas Real Estate , Las Vegas News , Investment Las Vegas Real Estate , Las Vegas Casinos , Las Vegas Resort , dubai world , MGM Mirage , project citycenter , citycenter MGM Mirage project ( Comments ) ... Source: wal-travel.com --- 9 days ago
Discount Event Tickets…… Looking for Hard to Find Home or Away Sports, Concerts, Theater Tickets? Look No Further Than StubHub, No Hidden Fees, NO SURPRISES! ……Just GREAT Service and HUGE Savings! View Tickets StubHub.com VEGAS IS A GREAT BET! MGM Mirage - Summer is almost over as Labor Day and back to school is fast [...] ... Source: www.latimes.com --- 7 days ago
Purse share was not discussed during this morning's conference call making the MGM Grand Las Vegas matchup official. De La Hoya was listed as an 8-5 favorite by the Mirage. After three weeks of negotiations, Oscar De La Hoya and Manny Pacquiao made it official this morning, agreeing to fight in a 12-round non-title bout Dec. 6 in what's expected to be a blockbuster pay-per-view event at the MGM Grand in Las Vegas. ... Source: www.ameinfo.com --- 11 days ago
New Jersey regulators have given permission to Dubai World to raise its stakes in MGM Mirage, Bloomberg has reported. Dubai World is the second biggest shareholder and was given permission to own as much as 20% of the the entertainment conglomerate. Dubai World has currently 9.4% stake in MGM. Dubai World can raise its MGM share to 14.75% and would still needs permission from Michigan's regulators before it can make a 20% investment. [AMEInfo.com] ... Source: clientportal.ibb.ubs.com --- 8 days ago
This document is related to the following: Regions Global Americas United States North America Sectors Global Consumer, Cyclical Global Leisure Goods & Services Global Cyclical Goods & Services Americas Consumer, Cyclical Americas Leisure Goods & Services US Consumer, Cyclical US Leisure Goods & Services Americas Cyclical Goods & Services US Cyclical Goods & Services North American Cyclical Goods & Services North American Consumer, Cyclical North American Leisure Goods & Services Companies GENT.KL Genting IGT.N International Game MGM.N MGM Mirage WYNN.O Wynn Resorts LVS.N Las Vegas Sands Inc PCR.N Perini 0027.HK Galaxy Entertainment MPEL.O Melco Crown CWN.AX Crown Subjects Industry Overview Morning Note ... Source: clientportal.ibb.ubs.com --- 1 day ago
This document is related to the following: Regions Global Sectors Global Lodging Global Casinos Global Restaurants Global Consumer, Cyclical Global Leisure Goods & Services Global Cyclical Goods & Services Companies KUNN.S Kuoni NHH.MC NH Hoteles ACCP.PA Accor GNK.L Greene King LAD.L Ladbrokes MARS.L Marston's WTB.L Whitbread SOL.MC Sol Meliá JDW.L Wetherspoon (JD) CLHJ.J City Lodge ETI.L Enterprise Inns WMH.L William Hill OPAr.AT OPAP PUB.L Punch Taverns IHG.L InterContinental MAB.L Mitchells & Butlers LTO.MI Lottomatica RTN.L The Restaurant Group INLr.AT Intralot SUIJ.J Sun International GDFJ.J Gold Reef TCG.L Thomas Cook Group BSTB.KL Berjaya Sports Toto CTDM.SI City Developments GENT.KL Genting 0041.HK Great Eagle 0045.HK HK & Shanghai Hotels 0069.HK Shangri-La Asia RWBW.KL Resorts World MOIL.SI Mandarin Oriental JFC.PS Jollibee 900942.SS Huangshan Tourism B MINT.BK Minor International BANY.SI Banyan Tree Hotels DRI.N Darden Restaurants MAR.N Marriott Intl. MCD.N McDonalds WEN.N Wendy's Intl. CCL.N Carnival GET.N Gaylord CAR.N Avis Budget Group YUM.N Yum! Brands CHH.N Choice Hotels FCH.N FelCor Lodging HST.N Host Hotels HOT.N Starwood Hotels IGT.N International Game MGM.N MGM Mirage RCL.N Royal Caribbean EAT.N Brinker Intl. SBUX.O Starbucks HOG.N Harley-Davidson HPT.N Hospitality Trust WYNN.O Wynn Resorts LVS.N Las Vegas Sands Inc LHO.N LaSalle Hotel HT.N Hersha Hospitality SHO.N Sunstone Hotel BEE.N Strategic Hotel OEH.N Orient-Ex ...
Source: www.lasvegassun.com --- 6 days ago
Sun archives Headlines from the Vegas gaming industry When MGM Mirage took longer than expected to secure bank financing for CityCenter, many saw their doubts that the $9.2 billion city-within-a-city would be finished on time, if at all, confirmed. That was an overreaction, though perhaps the doubters can be forgiven based on the fact that CityCenter is the most expensive privately financed project in U.S. history and is taking shape during one of its deepest downturns. No wonder that executives have taken pains to explain that CityCenter isn't like other projects that can't get financing these days. CityCenter is still on schedule for a December 2009 opening and will be able to secure $3 billion in bank financing -- the final piece of the puzzle -- by Sept. 30, executives say. MGM Mirage so far has commitments for more than $2 billion of that package, MGM Mirage Chief Financial Officer Dan D'Arrigo said today. That's months later than expected but at lower interest rates (in the range of 7 to 8 percent) than expected, he said. Nearly 70 percent of CityCenter's cost is funded by an equity split between MGM Mirage and joint venture partner Dubai World, which owns half of CityCenter. ... Source: www.sunherald.com --- 29 days ago
MGM Mirage Inc. said Tuesday its second-quarter profit plummeted 68.6 percent as resorts lowered room rates, visitors spent less money and the company saw "disappointing" results in Macau. ... Source: www.launchpoker.com --- 11 days ago
When Mike Sexton, the mouthpiece of the World Poker Tour and the "Ambassador of Poker", was asked about his thoughts on all electronic poker rooms, such as the new move by the Excalibur casino to replace their human dealers with Poker Pro tables from PokerTek, he predicted that it is the "wave of the future." Sexton says it makes sense for the casinos and once the players get used to it the computer controlled poker tables will be found everywhere. It might be a while before that future comes to pass, however, as MGM Mirage, which owns the Excalibur and ten other casinos, are not planning on repeating the move with other properties. Related Articles: Vegas casino going auto on poker room Poker room part of Casino of the Wind expansion. ... ... Source: www.antandsons.com --- 1 day ago
MGM Mirage (MGM) popped $1.71, or about 4.7%, to $35.19 mid-day Friday after news that it had secured $2.3 billion of the remaining $3 billion needed for its CityCenter project on the Vegas Strip. According to Reuters, MGM received a commitment for $300 million from China Construction Bank following a recent $150 million from tree other banks and $100 million from a fifth bank. The commitments squash liquidity and financing fears that have plagued the casino operator for months and should pave the way for Dubai World to raise its stake in the company from 9.4% to as much as 20%. In other words, the news is worth more than a buck and a half of upside on the stock. ...
Source: www.topix.com --- 3 days ago
We just received a handful of new Vegas hotel & flight/hotel package deals, this time from from MGM Mirage and Southwest Airlines Vacations. ... Source: www.lasvegassun.com --- 4 days ago
In August, Brian Greenspun turns over the Where I Stand column to guest writers. Today’s columnist is Terry Lanni, chairman and chief executive of MGM Mirage. You’ve likely read in the Las Vegas Sun about an initiative to raise the room tax rate by one-third, or 33 1/3 percent, to raise $150 million annually, which will go the first year to the general fund and then to teachers’ salaries in perpetuity. While we unequivocally support funding for education, this narrowly crafted proposal comes when our state budget is facing unprecedented cutbacks in every area including public safety and prisons, higher education, senior assistance, health care, child services and roadway construction. While a room tax should be part of the solution to increase revenues, this proposal has several weaknesses: • It doesn’t come close to fixing the $1.2 billion budget deficit, which may well rise even higher. • It earmarks these funds, preventing elected leaders from addressing potentially more pressing financial needs. • It simply extends our commitment to a broken tax system, one that has failed us for years. Additionally, why are we asking tourists, whose children don’t attend classes in Nevada, to pay exclusively for teacher salaries? Where are our bankers, our retailers, our car dealers and other large businesses whose children go to school locally? Here in Nevada, companies large and small have profited from vibrant growth and expansion for almost e ... Find more results for MGM Mirage on RSSMicro.com |
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Filed under: Deals , Television , Private equity , CKX Inc (CKXE) , Entrepreneurs The gleam of the American Idol brand is brighter than ever after CNNMoney.com reported that billionaire and media magnate Robert F.X. Sillerman made a successful bid to take the AI franchise owner, CKX Inc (NASDAQ: CKXE ) private. CKX announced Friday it accepted the offer from a group led by its current CEO, Sillerman, for $1.3 billion. Since Sillerman and other board members already owned 46% of outstanding capital stock, sale approval was a slam dunk. The offer of $13.75 per share carried a 29% premium. However, according to the Wall Street Journal's MarketBeat , this fell well short of the $20-25 value investors placed on the stock. Other CKX holdings include the rights to Elvis Presley, his music and his Graceland estate, as well as the rights to the name, image, and likeness of Muhammad Ali. The company is attempting to grow its Presley line by enlisting the help of Cirque du Soleil in creating Presley-themed shows. It already has a deal with MGM Mirage to stage a permanent, live Presley show on the Strip in Las Vegas beginning in 2009. CKX also operates the Heartbreak Hotel, near Graceland, which might be a good place for the stockholders who feel the sale price was low to commiserate. The company also plans to extend its Idol franchise worldwide. Since Simon (who needs a last name?) is contracted to the company, as well as holding a seat on ...
Cramer makes the call on viewers' favorite stocks. Read More Topics: Stock Picks | Stock Market Companies: Yamana Gold | Research in Motion Limited | Corning Inc | Apple Inc | Brown Forman Corp | Molson Coors Brewing Co | ADC Telecommunications Inc | MGM Mirage | Yahoo! Inc | eBay Inc | Sociedad Quimica y Minera S.A. | Eagle Bulk Shipping Inc. | Red Hat, Inc. | CVS Corp MEDIA: PHOTO Permalink ...