Mgm Mirage News

MGM MIRAGE Enters Into Settlement Agreement in New Jersey

MGM MIRAGE Enters Into Settlement Agreement in New Jersey

15th Mar 2010 Press Release Hotel News

MGM MIRAGE (NYSE: MGM) today announced that it has entered into a settlement agreement with the New Jersey Division of Gaming Enforcement (DGE) under which it will sell its 50% ownership interest in the Borgata Hotel Casino & Spa and related leased land in Atlantic City.

MGM MIRAGE Announces Proposed Private Offering

MGM MIRAGE Announces Proposed Private Offering

9th Mar 2010 Press Release Hotel News

MGM MIRAGE today announced that it proposes to offer up to $845 million in aggregate principal amount of senior secured notes due 2020 in a private placement. The Company plans to use the net proceeds from the offering to repay a portion of the outstanding indebtedness under its senior credit facility and related fees and expenses.

MGM MIRAGE Announces Successful Amendment and Extension Transaction

MGM MIRAGE Announces Successful Amendment and Extension Transaction

26th Feb 2010 Press Release Hotel News

MGM MIRAGE today announced that lenders representing approximately $4.37 billion of the outstanding commitments under its $5.55 billion senior bank credit facility have entered into an amendment agreement (the “Amendment”) which, subject to certain conditions, will extend the maturity of a portion of the credit facility from October 3, 2011 to February 21, 2014.

MGM MIRAGE Broadens Loyalty Programs with New Partnership

MGM MIRAGE Broadens Loyalty Programs with New Partnership

17th Feb 2010 Press Release Hotel News

MGM MIRAGE (NYSE: MGM) has partnered with ESS Analysis, a Boston-based advanced analytics-focused consulting firm, and A.T. Kearney, a global management consulting firm, to take customer database “mining” capabilities to a new level and further enhance guest loyalty programs.

MGM Mirage Pursuing Hong Kong IPO

MGM Mirage Pursuing Hong Kong IPO

31st Dec 2009 Press Release Hotel News

MGM Mirage is pursuing an initial public offering in Hong Kong that could generate between US$300 million and US$500 million from the sale of a 20% to 30% stake. A launch date for the IPO has not yet been set.

MGM MIRAGE teams up with Dubai World

23rd Aug 2007 Press Release Hotel News

MGM MIRAGE and Dubai World have signed definitive agreements to form a long-term strategic relationship whereby Dubai World will invest approximately $5 billion in MGM MIRAGE consisting of a $2.7 billion investment in CityCenter and up to $2.4 billion in purchases of MGM MIRAGE common stock.