Word: mgm
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...World. The banks may have limited options. It does little good to go after Dubai's overseas holdings because those have largely been into the troubled real estate market as well. Those holdings and joint ventures involve the Essex House hotel in New York City, the W Hotel group, MGM Mirage in Las Vegas as well as smaller interests in such properties as Raimon island in Thailand...
...eyebrows like a happy emoticon and beamed a smile that couldn't be hidden by all the blood in his mouthpiece. Everyone who saw it knew that he knew at that moment that he was going to win the fight. Not that his partisans had any doubt. The MGM Grand Garden Arena in Las Vegas roared like never before. "Let's go, Manny!" reverberated again and again as the crowd demanded that their champion finish off his opponent and win glory for the Philippines...
...catalyst is MGM-Mirage's much anticipated CityCenter, an $8.5 billion complex of shops, condos and boutique hotels that is set to open in December. Designed by a klatch of world-renowned architects and anchored by a 4,000-room hotel casino, the new resort is hiring 12,000 people in what Michael Peltyn, CityCenter's vice president of human resources, describes as the "single biggest hiring opportunity in the history of the U.S." It sort of needs to be, given that the unemployment rate in Nevada is a formidable 13.2%. The company has already offered 4,000 of those...
...burst of applause or cheering from the back of the giant room, it was hardly the exuberant chaos Las Vegas is known for. The atmosphere was more like an agreeable visit to the Department of Motor Vehicles. But it was pure Vegas in its methodical choreography. An army of MGM-Mirage employees, bedecked in navy blue CityCenter polos and khakis, effortlessly squired the prospective hires from station to station, where they received their job offers and made arrangements for ID badges and uniform fittings. Meanwhile, reporters and photographers, with p.r. docents bolted to their hips, followed close behind. All were...
...scale of CityCenter is unique even in an oversized environment such as Las Vegas. "In good times we've had states fall all over themselves to try to get that kind of economic activity," says MGM-Mirage senior vice president Alan Feldman. "We'd be happy as a community to have someone do a $100 million tower." The project, however, has been plagued by mishaps: construction-worker deaths, a near bankruptcy, and defects at one tower, the Harmon, that resulted in plans to lop off its upper 21 stories. Meanwhile, the hiring is taking place as indicators across the city...