Word: mgm
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...Durbin established the recipe in the late 1930s; Kathryn Grayson, who died Feb. 17 at 88 in Los Angeles, perfected it by adding a saucy sex appeal. For more than a decade, from Thousands Cheer in 1943 to The Vagabond King in 1956, she was the leading soprano at MGM and one of its top stars...
...year, mostly because of charismatic Pacquiao's rags-to-riches story. His November fight in Las Vegas against Miguel Cotto brought worldwide, and more importantly American, attention back to the fight game. After Pacquiao defeated Cotto there was immediate talk of a bout with Mayweather. The crowd at the MGM Grand in Las Vegas chanted, "We want Floyd! We want Floyd!" (See the rise of mixed martial arts: the new rules of fight club...
...March 27, the consortium of banks approved the loan by the narrowest of margins - 50.43%. It proved to be the first step in putting CityCenter back in business. Had it gone under, Murren says, it's "very possible" MGM Mirage would have been brought down too. And the financially reeling state of Nevada, which received so much of its revenue from gaming, would be in "a tremendously damaged position, more so than even we had been this year." Murren calls it the most challenging time of his life - "Had I known we would have survived, I might have enjoyed...
...announced plans to temporarily close rooms in two of its three towers. One of the early selling points of CityCenter was that a slate of condos was planned to give the project some semblance of urbane flair. But the high-rise-condo market is in dire shape. Murren says MGM Mirage has 50% of its condos under contract, but it also recently announced a 30% price reduction to lure in new buyers as well a financing package to help buyers afford to close the deal...
...Vegas. The days of visionary auteurs bringing extravagant casino dreams to eager banks are over. Land is too expensive if you don't already own it. Banks are reticent to lend to developers who lack land equity and plenty of cold hard cash. MGM Mirage owns a larger parcel than CityCenter a few miles north of it on the Strip. It's unlikely the company will attempt a sequel. "I think people will quickly come to a conclusion that no one will ever top this," Murren says. "We've delivered in excess of people's expectations...