MGM Mirage News

“We see this as an opportunity for us, not only to streamline our business and be more efficient but to spend more money than the competition”

Even as gamblers, shoppers and diners are clutching to their dollars and Las Vegas reels from the worst economic slowdown since Sept. via RGT Online

Comment?

“It is worth noting that this is not a management to throw out things on conference calls”

Las Vegas Gaming Wire MGM Mirage investors may soon be able to double down. Chairman and Chief Executive Officer Terry Lanni said last week the company might consider splitting its nongaming hotel subsidiary ... via RGT Online

Comment?

The chief executive of MGM Mirage Inc. said Tuesday the casino company planned to push ahead with new projects even after construction costs and an economy that is discouraging spending sent first-quarter ... via Hartford Courant

Comment?

“We're not trying to make money off the tollbooth. We're trying to develop the best cars to put on that information highway”

While some Las Vegas condos are in foreclosure as buyers walk away from purchase contracts, MGM Mirage - ' defending a lawsuit filed by unhappy Signature condo-hotel owners - ' says no buyers have canceled ... via Las Vegas Sun

Comment?

“You see more competition, and it will just increase”

Investors who bet on companies that offer gambling in Las Vegas aren't used to losing money. via Hotels

Comment?

“They're expected to ramp up and I have no reason to doubt that”

MGM Mirage, owner of MGM Grand Detroit, said first-quarter profit fell, weighed down by expenses of opening new casinos such as the one in Detroit and lost revenue as U.S. gamblers stayed away because of the ... via Detroit Free Press

Comment?

“If you don't move ahead with these projects, you will end up being in a very difficult position when the economy does turn around”

Projects looking up in downtime The chief executive of MGM Mirage, the parent company of Biloxi's Beau Rivage, said Tuesday he planned to push ahead with new projects even after construction costs and an ... via Sunherald.com

Comment?

Middle East Tourism and Hospitality News Wire , May 6, 2008 Tuesday 8:22 AM GMT US hospitality company MGM Mirage has entered into an agreement with Dubai World to launch a mixed use destination resort in the ... via Hotels

Comment?

“The stock price is going to be based on the performance of the overall company”

Publicly owned gambling companies lost 2.5 percent of their value in April, in large part due to economic tumult that has home prices in the basement and oil costs in the stratosphere. via RGT Online

Comment?

Dubai World, the state-owned investment group, will start meetings with potential lenders in London, Dubai and Singapore this week as it seeks to refinance a $5 billion loan it got in October to buy stakes in ... via Bloomberg Business News

Comment?