Word: mgm
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...increase occupancy rates to 82% from a low of 72%. On the right day in July, you could book the type of 750-sq.-ft. room that was $500 a year ago at the Wynn for $109 and get a $50 gift certificate. The high-end restaurants at the MGM have gotten rid of most of their $400 bottles of wine and replaced them with $100 ones. This is either a model for the rest of the country or, if the reset fails, the beginning of a long, long slide...
Others, like MGM Mirage, are in too deep. The few operating cranes in town are scattered among the 9,500 construction workers still crawling over CityCenter, an $8.4 billion, five-skyscraper, ultra-luxury project that is the largest privately financed development ever in the U.S. Although the company has managed to keep the project going through a desperate battle for financing deals with Dubai World, a number of people who signed up for condominiums are looking to bail. So MGM Mirage, which owns the most properties on Las Vegas Boulevard - the Strip - ducked and weaved around bankruptcy for six months...
...night (800-634-3450); the Excalibur will run you $31 (877-750-5464); Luxor starts at $55 (877-386-4658); the Monte Carlo ups it by just a buck at $56 per night (888-529-4828); New York New York has rooms for $65 (866-815-4365); the MGM Grand has $75 rack rates (877-880-0880); and the Mirage comes in under a C-note, with rates at $99 per night...
...statement, MGM Mirage - which operates the famed Bellagio hotel and casino in Las Vegas - said that "we disagree with the recommendation" and "we look forward to presenting our position." Pansy Ho in a statement said that "I and my advisers will need time to read and consider the contents of the report and decide how best to respond to it." The New Jersey commission is expected to hold a public hearing on the matter...
...While MGM Mirage has been hit by a regulatory bombshell, other Macau casino operators are suffering financial fallout in a market turned cold by recession and an unexpected shift in Chinese policy. Last year, Chinese authorities without explanation began restricting the number of citizens who were allowed to enter Macau. Gaming revenues fell to $3.3 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...