Posts Tagged ‘

mgm mirage

’

Genting buys into MGM Mirage

Posted by Gwen Robinson on Jun 10 04:39. Comment.

Genting, the Malaysian gaming group, has paid $100m for a 3.2% stake in MGM Mirage, firming a relationship that could lead to future deals in Macao and the US. Genting matched the $100m that Kirk Kerkorian, More…

Icahn, Kerkorian in Vegas showdown

Posted by Gwen Robinson on Apr 17 04:40. Comment.

Two of the best-known US investors are preparing to face off in a high-stakes game that could reshape the face of Las Vegas, reports the WSJ. Activist investor Carl Icahn is pushing troubled casino operator MGM Mirage to restructure in bankruptcy court, More…

The Leper list

Posted by Neil Hume on Mar 10 09:00. Comment.

We are not sure what Moody’s is hoping to achieve with its “Bottom Rung” – a new quarterly publication that will flag  US companies at risk of default.

Zero Hedge, which has obtained a copy of the Leper List, More…

MGM Mirage warns of debt default

Posted by Gwen Robinson on Mar 04 04:47. Comment.

MGM Mirage, the US-based casino operator, warned on Tuesday that it could default on its debt, underscoring the steep downturn in the global gaming sector. In a regulatory filing about the delayed release of its Q4 earnings, More…

MGM Mirage and Dubai World eye China

Posted by Gwen Robinson on Dec 18 05:38. Comment.

MGM Mirage, the US-based gaming and resorts group, is in discussions with Dubai World to extend their relationship into China, according to Terry Lanni, MGM Mirage’s chairman and chief executive. The move comes as the US company controlled by Kirk Kerkorian opens its first casino in Macao, More…

Dubai World seals $5bn deal with MGM

Posted by Gwen Robinson on Aug 23 05:35. Comment.

Dubai World, the investment arm of the Dubai government, has acquired an option to take a 20 per cent stake in MGM Mirage after agreeing a $5bn deal on Wednesday with the world’s second-biggest casino operator. More…

Dubai hits Las Vegas

Posted by Helen Thomas on Aug 22 11:08. Comment.

From one sandy purpose-built playground to another.

The WSJ reports on Wednesday that Dubai World, the state-backed investment company, is coming to the Las Vegas Strip with a $5bn deal to acquire a 9.5 per cent stake in the MGM Mirage, More…

Casino up 30% on Kerkorian play

Posted by Gwen Robinson on May 23 05:38. Comment.

Shares in MGM Mirage rose 30 per cent in early trading on Tuesday as investors responded to news that Kirk Kerkorian was pursuing “strategic alternatives” for his 56 per cent stake in the gaming operator. More…

Kerkorian explores options for MGM stake

Posted by Gwen Robinson on May 22 05:37. Comment.

The ownership of MGM Mirage, the world’s largest quoted gaming operator, looks set to change hands after Kirk Kerkorian said he wanted to pursue “strategic alternatives” over his stake. Mr Kerkorian’s Tracinda vehicle owns 56 per cent of MGM Mirage, More…