mgm mirage

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MGM Mirage Cutting City Center Project Condo Prices by 30%

MGM Mirage has finally bit the bullet and is reducing the prices of their condos at City Center by 30% – this seems to include both condos that have contracts out as well as condos not yet spoken for. This should speed up the process of closing on the existing contracts, as well as bringing new customers into the buying table.

Oct. 6, 2009 | Andrew Calvo | 0 comments | Continued
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Everyone is Jumping the Gun on the Cosmopolitan in Las Vegas

There has been of reports that Hilton will be managing and branding the new Cosmopolitan Casino and Resort in Las Vegas – but I think the odds of that are nil to none due to the Starwood/Hilton Lawsuit.

Jul. 29, 2009 | Andrew Calvo | 0 comments | Continued
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MGM Mirage Working on ‘MX’ and ‘Emblem’ Hotel Brands

MGM Mirage has been working on two new hotel brands for their MGM Mirage Hospitality Group – no word yet when they will appear, or even if both brands will appear, but the information I’ve managed to find out is still pretty interesting and demonstrates a new direction that MGM is looking to go in.

Jul. 2, 2009 | Andrew Calvo | 1 comment | Continued
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Icahn Doesn’t Own The Tropicana Yet..

Even though the Tropicana Atlantic City has filed for bankruptcy and Carl Icahn has a signed sales agreement in place to purchase the asset – that doesn’t mean that he automatically will own it.

Apr. 30, 2009 | Andrew Calvo | 0 comments | Continued
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MGM’s CityCenter Gets A Reprive

MGMMirage was expected to file their CityCenter project for bankruptcy today due to an interest payment that was due with Dubai World. By the end of the day the payment was made – without Dubai World’s help, and the project continues.

Mar. 27, 2009 | Andrew Calvo | 1 comment | Continued
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Dubai World Giving MGMMirage It’s Biggest Problem Yet

Dubai World has sued MGM Mirage to stop having to put money into the CityCenter Project – but this move may put MGMMirage in bankruptcy.

Mar. 24, 2009 | Andrew Calvo | 0 comments | Continued
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MGM Mirage Looking To Sell Some Land in AC

MGM Mirage is looking to sell its Huron Ave plot – 14 acres located next to the Trump Marina (soon to be Margaritaville Casino) which would be a great idea – but only for specific purchasers.

Feb. 2, 2009 | Andrew Calvo | 0 comments | Continued
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MGM’s CityCenter’s Harmon Tower Getting Cut In Half

The Harmon Las Vegas, part of MGM’s CityCenter is only going to be 26 stories instead of 46 and the condo portion would be canceled – all because of contractor errors affecting the structural integrity if the building were to be built to full height.

Jan. 9, 2009 | Andrew Calvo | 0 comments | Continued
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Atlantic City’s Bader Field RFP Deadline Extended

Since Atlantic Citys Bader Field closed to air traffic – the only development expected to occur on the site are casinos and their ancillary services. Since Atlantic City put out a RFP for the site – they’ve had to extended it, due to lack of demand.

Dec. 24, 2008 | Andrew Calvo | 0 comments | Continued
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Who Is Phil Ruffin? (Hint: He’s The One Who Just Bought MGM’s Treasure Island)

In a pretty surprising move, MGM Mirage sold their Treasure Island Casino Resorton the Las Vegas strip to Phil Ruffin today. The casino sold for almost $775 million, $500 million in cash and $275 million in secured notes in a transaction that is already fully financed and scheduled to close in the second quarter of [...]

Dec. 15, 2008 | Andrew Calvo | 0 comments | Continued
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MGM Delays Atlantic City & Las Vegas Developments

I cant say that I’m too surprised, but yesterday MGM Mirage announced that they are suspending development on two of their casinos – the MGM Grand Atlantic City and their joint venture with Kerzner International on the north end of the Las Vegas Strip.
Both of these projects didn’t even break ground yet – so there [...]

Oct. 31, 2008 | Andrew Calvo | 0 comments | Continued
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