Word: jointly
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...crisis have turned some bottom lines red, while major new projects have been shelved due to lack of financing and an uncertain business outlook. The latest hard-luck story: MGM Mirage. This week, the Las Vegas-based company disclosed that New Jersey gaming industry regulators object to its Macau joint venture partner, raising the possibility that MGM Mirage could pull out of the market. (Watch a video about Macau's gambling boom...
...city today. In a filing with the U.S. Securities and Exchange Commission, MGM Mirage said that the New Jersey Division of Gaming Enforcement had deemed Pansy Ho an "unsuitable" partner after a four-year investigation. The agency recommended that MGM Mirage "be directed to disengage" itself from the joint venture. Company officials didn't reveal the reasons why regulators disapproved of Ho, and the report itself is confidential...
...billion in the first quarter of 2009, a decline of almost 13% compared with the same period a year earlier; the number of visitors to the city dropped by nearly 10% in the first quarter. The declines are hitting hoteliers and casinos hard. Melco Crown Entertainment, a Nasdaq-listed joint venture between Laurence Ho (Pansy Ho's brother) and Australian billionaire James Packer, recently reported it lost $35.3 million in the first quarter, compared with a $43.2 million profit in the same period in 2008. It was the fourth straight quarterly loss for the company, which operates Macau's Altira...
Undergraduate student leaders met Friday to discuss a joint reaction to the sweeping budget cuts announced last Monday by the Faculty of Arts and Sciences. The group agreed on a three-phase protest dubbed “We Are Harvard: Students, Staff, and Faculty for Transparency and Inclusion in Budget Cuts,” which will take place before, during, and after the monthly Faculty meeting this Tuesday.The administration is “still not being transparent,” said Andrea R. Flores ’10, Undergraduate Council president, at the meeting. Other than Flores, Institute of Politics...
...Spellberg, a joint English and Romance Languages and Literatures concentrator, submitted his senior thesis entitled “Art and Dream in Marcel Proust,” which explores the theme of dreaming in Proust’s novels, a topic he said has fascinated him for years...