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Casino operator MGM Mirage said it will partner with Asian Coast Development Ltd. to develop the MGM Grand Ho Tram -- Vietnam's first "Las Vegas style" integrated resort. ACDL will own and finance the project, which MGM will run once production is complete. The resort will anchor a $4.2 billion...
Posted on November 18, 2008 10:53 AM
Shaky credit markets have prompted Las Vegas' MGM Mirage to bargain with lenders to change the terms of a $7 billion loan agreement. The changes increase the maximum total leverage ratio, modifies pricing levels and certain definitions and limitations on secured indebtedness. The AP reported the move gives some...
Posted on October 6, 2008 5:02 PM
In the current issue of Corporate Dealmaker, Michael Rudnick reports on the maverick growth strategy being pursued by Carlson Hotels Worldwide. While other hotel operators, including Starwood Hotels & Resorts Worldwide Inc. and Marriott International Inc., are using a franchising model to expand, he notes, Carlson is looking to own...
Posted on June 19, 2008 10:40 AM
As MGM Mirage bets billions on Vegas, president Jim Murren and his team structure the deals.
Posted on February 15, 2005 2:45 PM
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