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  1. MGM Mirage keeps eye on Macau in US$548m write-down on land

    Posted Feb 20th 2010, 12:00am by Staff Reporter

    ... behind us and move forward with the compelling growth opportunities we have in Macau.' The Macau units of MGM's Las Vegas rivals- Wynn Macau and Sands China- raised a combined HK$33.9 ... Neil Gough MGM Mirage has taken a US$548 million write-down on land in the United States as it prepares for a Hong Kong listing for its Macau partnership with Pansy Ho Chiu-king, possibly ...

  2. Lai See

    Posted Jan 23rd 2010, 12:00am by Nick Westra

    ... Nick Westra Don't bet on it, as MGM alleges online company is a fake The struggle for market share in Macau is already cutthroat. So spare a thought for MGM, which is facing competition from an unlikely source- its own brand. An online sports betting company called BetMGM Online Sports has cloaked itself in the trademark trappings of MGM Mirage, using the same lion, logo, ...

  3. Pansy Ho venture moves on IPO

    Posted Jan 15th 2010, 12:00am by Naomi Rovnick

    ... licensed casino operators to list in Hong Kong. Wynn Macau and Sands China raised a combined HK$33.9 billion selling shares late last year. Last October, MGM Mirage chief executive and chairman Jim ... Naomi Rovnick and Neil Gough MGM Grand Paradise, the Macau joint venture between Pansy Ho Chiu-king and loss-making Las Vegas gaming giant MGM Mirage, is auditioning investment banks ...

  4. MGM Mirage to exit New Jersey

    Posted Mar 13th 2010, 12:00am by Staff Reporter

    ... Neil Gough Las Vegas gaming giant MGM Mirage is selling off its stake in Atlantic City's leading casino resort and exiting the New Jersey market after regulators in the US state found ... in Macau,' MGM chairman and chief executive Jim Murren said last night in a statement. 'Since the DGE takes a different view, we believe that the best course of action for our company and its ...

  5. career tracker

    Posted Nov 06th 2010, 12:00am by Staff Reporter

    ... Gamal Aziz, president and CEO of MGM Hospitality, MGM Resorts International Aziz joined the US-based gaming and hotel giant in 1998. Since 2008, he has served as head of MGM Hospitality and as president and COO of the MGM Grand Las Vegas. 'The overwhelming response to the globalisation of our high-end resort brands has driven the early success of MGM Hospitality and now requires ...

  6. MGM Grand Macau a big winner

    Posted Apr 16th 2010, 12:00am by Staff Reporter

    ... Neil Gough MGM Grand Macau saw core earnings surge 343 per cent in the first three months of the year after cutting costs while gambling volumes surged. The US$1.25 billion casino hotel jointly owned by MGM Mirage and Pansy Ho Chiu-king, daughter of Macau gaming magnate Stanley Ho Hung-sun, booked earnings before interest, tax, depreciation and amortisation of US$71 million ...

  7. MGM, Pansy Ho hope second Cotai casino plans will aid listing in HK

    Posted Aug 05th 2010, 12:00am by Staff Reporter

    ... Neil Gough MGM Resorts International and partner Pansy Ho Chiu-king are betting plans for a second Macau casino on the Cotai strip will boost their prospects for listing on the Hong Kong stock market later this year. 'We're obviously very interested and have been very committed to expanding our footprint in Macau with another property over time,' MGM chairman Jim ...

  8. MGM seeks buyers for casino stake after Pansy Ho findings

    Posted Jan 30th 2010, 12:00am by Staff Reporter

    ... Neil Gough Las Vegas casino operator MGM Mirage is looking for buyers for its 50 per cent stake in a New Jersey casino after gaming regulators in the US state last year found MGM's Macau partnership with Pansy Ho Chiu-king 'unsuitable'. MGM has been shopping its stake in Atlantic City's 2,771-room Borgata casino hotel to several financial investors ...

  9. MGM Grand Paradise narrows losses

    Posted Apr 29th 2010, 12:00am by Staff Reporter

    ... Neil Gough Casino operator MGM Grand Paradise, which owns the US$1.25 billion MGM Grand Macau and is targeting a Hong Kong stock market listing, narrowed losses last year after gaining ... developer MGM Mirage. VIP chip sales increased 40.5 per cent to 282.6 billion patacas last year from 2008, according to an annual report published yesterday in the Macau government gazette. MGM ...

  10. Report to have little impact as MGM bets on Ho

    Posted Mar 20th 2010, 12:00am by Staff Reporter

    ... 'unsuitable' as Macau associates of MGM Mirage. The report, which was made public only this week, alleged that Ho was an associate of known and suspected triads and said he permitted 'organised ... Kong-listed Shun Tak Holdings and SJM Holdings, which he still chairs, stood at HK$32.8 billion as of yesterday. For its part MGM Mirage has lost a 50 per cent stake in the 2,771-room Borgata, ...




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