May 14, 2009 at 11:51 pm
· Filed under Las Vegas Real Estate, Las Vegas News, Las Vegas Resort
Las Vegas resort creates corporate restructuring plan for debt issues. MGM Mirage created a four level plan to help the company keep of their Las Vegas hotels and avoiding bankruptcy.
First, a complicated bond and stock offering will raise $2.5 billion for the resort and gaming operator.
Continue reading Las Vegas Resort Creates Corporate Restructuring Avoiding Bankruptcy
PermalinkTags: mgm mirage, project citycenter, project citycenter las vegas |
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March 29, 2009 at 11:54 pm
· Filed under Las Vegas Real Estate, Las Vegas News, Las Vegas Casinos
MGM Mirage financial situation is not affecting MGM Mirage Macau according to managing director of MGM Grand, Pansy Ho. Project CityCenter made a $220 million payment.
Ho states they are keeping a close watch on the economic downtown in America and it should not be a big roadblock currently.
Continue reading MGM Mirage Volatile Financial Situation Not Affecting MGM Mirage Macau
PermalinkTags: mgm grand macau, mgm mirage, pansy ho, las vegas commercial real estate |
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March 22, 2009 at 11:58 pm
· Filed under Las Vegas Real Estate, Las Vegas News, Las Vegas Casinos
New owner of Treasure island Las Vegas hotel was approved last week. Phil Ruffin, previous owner of New Frontier, was ok’d by the Nevada Gaming Commission to become the new operator from MGM Mirage. They are the same company building the massive Project CityCenter Resort located on the Las Vegas Strip.
Ruffin changed his initial payment to MGM Mirage by adding $100 million to the $500 million initially agreed. This financial move is to decrease his total payment of $775 million by a $20 million discount.
Continue reading New Owner Of Treasure Island Las Vegas Hotel Was Approved Last Week
PermalinkTags: treasure island, phil ruffin, mgm mirage, las vegas hotel, commercial real estate |
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