November 6, 2008 at 11:51 pm
· Filed under Las Vegas News, Las Vegas Casinos
Dubai World is possible joint venture partner with MGM Mirage after the Nevada Gaming Commission rules on their business relationship later this month. Dubai World is the investment division of the Persian Gulf state.
Continue reading Dubai World Possible Joint Venture Business Partner With MGM Mirage
PermalinkTags: dubai world, mgm mirage, project citycenter, project citycenter las vegas | 
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November 3, 2008 at 11:22 pm
· Filed under Las Vegas News, Investment Las Vegas Real Estate, Las Vegas Casinos, Las Vegas Resort
Bonds issued by MGM Mirage backed by New York New York Vegas casino. This past week the gaming company issued $750 million in senior secured notes.
The private offering notes will be due 2013 will allow the buyer to receive a 15 percent yield and 13 percent interest will be paid by MGM Mirage.
Continue reading Bonds Issued By MGM Mirage Backed By New York New York Vegas Casino
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May 22, 2008 at 11:52 pm
· Filed under Las Vegas Real Estate, Las Vegas Condos, Investment Las Vegas Real Estate, Las Vegas Resort, Las Vegas Construction News
Aria Las Vegas resort named as Project CityCenter’s Las Vegas jewel of the $9.2 billion development on the Strip. MGM Mirage this week unveiled the name of the 4,004 room, 61 story high rise with two curved glass hotel towers.
Architectural company Pelli Clarke Pelli designed Aria’s 150,000 square foot casino area and the two hotel towers.
Continue reading Aria Las Vegas Resort Named As Project CityCenter’s Las Vegas Jewel
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May 16, 2008 at 11:04 pm
· Filed under Las Vegas Real Estate, Las Vegas Condos, Investment Las Vegas Real Estate, Las Vegas Construction News
MGM Mirage Project CityCenter Las Vegas adds an extra $1 billion to the cost of the mixed use development according to a filing. Previous cost of construction budget estimations was near $8.1 to $8.4 billion.
Nationwide skyrocketing construction costs has weighed very heavily on Las Vegas real estate market. This mega resort is owned 50 percent by Dubai World in a buyout they completed last year.
Continue reading MGM Mirage Project CityCenter Las Vegas Adds Extra $1 Billion To Cost
PermalinkTags: mgm mirage, project citycenter, project citycenter las vegas, las vegas resort, citycenter mgm mirage project, dubai world, las vegas real estate market | EMail This Post | Print This Post |
Legal action in $9.1 billion real estate Project CityCenter Las Vegas brought on by joint venture partner Dubai World against real estate developer MGM Mirage. Dubai World says their partner is mismanaging the resort located on the Las Vegas Strip. The project has been riddled with financial difficulties.
