Category: mgm mirage
Trump Entertainment Puts Trump Marina On The Market
The Las Vegas Review Journal today said that CB Richard Ellis has been picked to market and sell the Trump Marina in Atlantic City so that Trump Entertainment can better focus on their two boardwalk properties – the Taj Mahal and Trump Plaza. This news really shouldn’t come as a surprise because it’s been an [...]
MGM-MIRAGE Changing Name to MGM Resorts International
This week at MGM Mirage’s June 15th shareholder meeting, MGM Mirage has asked their shareholders to:
To amend and restate the Certificate of Incorporation of the Company to change the name of the Company from “MGM MIRAGE” to “MGM Resorts International”
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.
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.
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.
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.
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.
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.
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.
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.
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.
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