MGM Mirage Bets Big on Vegas
They may look at the same numbers, but draw different conclusions. On the one hand, the company took a Las Vegas-sized $956 million pre-tax non-cash charge for its giant CityCenter project, which is scheduled to open next month. Last month, MGM warned of a CityCenter-related charge due to its sharp...
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- News Source: Las Vegas Review-Journal / Sun | 19 days agoThe first component in the $8.5 billion, 67-acre Strip development, the 1,500-room nongaming Vdara, opens in 26 days. The project's retail, dining and entertainment component opens two days later, followed by the nongaming Mandarin Oriental on Dec...
- News Source: Seattle Times | 20 days agoCompanies have canceled meetings as they tighten spending and seek to avoid bad blood with shareholders or a bad image with others over meeting in the town known worldwide as Sin City...Companies have canceled meetings as they tighten spending and...
- News Source: The Motley Fool | 20 days agoThey may look at the same numbers, but draw different conclusions. On the one hand, the company took a Las Vegas-sized $956 million pre-tax non-cash charge for its giant CityCenter project, which is scheduled to open next month. Last month, MGM...
- News Source: Star Tribune | 20 days agoMGM Mirage's latest casino project isn't open yet, but a drop in the $8.5 billion complex's value combined with falling revenue to push the casino operator into the red in its third quarter, the company said Thursday. The company, in which...
- News Source: Las Vegas Review-Journal / Sun | 20 days agoThe impairment charges included a pre-tax charge of $956 million related to the investment in CityCenter and a pre-tax non-cash charge of $203 million related to impairment of CityCenter's residential real estate under development. MGM Mirage warned...
- News Source: Seattle Times | 20 days agoMGM Mirage says it lost $750.4 million in its third quarter largely because the value of its latest casino project has fallen as gamblers spend less during the recession. The loss of $1.70 per share the company is reporting Thursday contrasts with a...
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- Blog Source: blog.taragana.comMGM Mirage loses $750M as CityCenter's value drops.
- Blog Source: blog.taragana.comMGM Mirage loses $750M as CityCenter loses value.
- Blog Source: onlinecasino666.comThere really is a lot of hope placed on the big project started by both MGM City Center, an $8.4-billion venture between MGM Mirage and Dubai World, is a very ambitious project as it will provide a home to condos, hotels, casinos, and stores and
- Blog Source: blog.taragana.comOhio casinos to hit Mich., Ind. gambling taxes. ... “We believe that Ohio casinos would have a minimal impact on our revenue,” said Jamaine Dickens, spokesman for Las Vegas-based MGM Mirage Inc., which owns MGM Grand Detroit. ...
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Video Source: xml.truveo.com - Video Source: www.truveo.com
- Video Source: www.truveo.comStock In Focus - MGM Mirage - ...Video Source: www.truveo.comStock In Focus - MGM Mirage - Bloomberg
- Video Source: www.truveo.comMGM MIRAGE CityCenter Jan 2008 ...Video Source: www.truveo.comMGM MIRAGE CityCenter Jan 2008 Update
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@oskargarcia Just to reiterate -- MGM Mirage lost $750.4 million in third quarter (with an m).
14 days ago -
@oskargarcia MGM Mirage lost $750.4M in third quarter, with a hit on CityCenter. Revenue fell to $1.53B, but that beat forecasts. AP: http://bit.ly/sHzbu
14 days ago
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