| Date | Title | |
| Nov.20.09 | City of Gold: Vegas' CityCenter Earns Six LEED(R) Gold Certifications for Hotels, Residences and Retail District Opening This December| LAS VEGAS, Nov. 20 /PRNewswire-FirstCall/ -- Affirming its commitment to bring a new level of environmental consciousness to the Las Vegas Strip, CityCenter has earned its fifth and sixth LEED®+ Gold ratings from the U.S. Green Building Council with the certification of Mandarin Oriental, Las Vegas and Veer Towers. The accomplishment completes the certification process for all CityCenter components opening this December, and marks the highest LEED achievement by any hotel, retail district or re... |
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| Nov.18.09 | CityCenter Web Site Brings Groundbreaking New Las Vegas Destination to Life| Three-Dimensional Video Navigation Immerses User in the CityCenter Experience LAS VEGAS, NV, Nov 18, 2009 (MARKETWIRE via COMTEX) -- An evolutionary destination designed to transform Las Vegas at its
core, CityCenter will be unveiled to the world this December. Yet
now, weeks before the groundbreaking project opens its doors to the
public, people everywhere can sample some of the energy and
sophistication of CityCenter without ever leaving their chairs. Just
launched, CityCenter's new W... |
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| Nov.16.09 | MGM MIRAGE Management to Present at the Global Gaming Expo - G2E|
LAS VEGAS, Nov. 16 /PRNewswire-FirstCall/ -- MGM MIRAGE (NYSE: MGM) management will make a Company presentation today at the Global Gaming Investment Forum sponsored by Deutsche Bank and UBS in Las Vegas, Nevada. A complete copy of the presentation will be available by visiting our web site at http://www.mgmmirage.com.
MGM MIRAGE (NYSE: MGM), one of the world's leading and most respected companies with significant holdings in gaming, hospitality and entertainment, owns and operates 16 prope... |
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| Nov.09.09 | Concierge Now On Hand to Assist ARIA Resort & Casino Guests With Ideal Vegas Visit|
LAS VEGAS, Nov. 9 /PRNewswire-FirstCall/ -- Planning a visit to Las Vegas can now be accomplished with unprecedented ease. Beginning today, the expert Concierge of ARIA Resort & Casino at CityCenter are only a phone call or e-mail away, ready to provide ARIA guests personalized assistance on everything from transportation and tee times to dining, spa and show reservations. Upon opening December 16, ARIA will introduce a new generation of resort experiences, giving people arou... |
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| Nov.05.09 | MGM Mirage Reports Third Quarter Financial Results| LAS VEGAS, Nov. 5 /PRNewswire-FirstCall/ -- MGM MIRAGE (NYSE: MGM) today announced its financial results for the third quarter of 2009. The Company reported a third quarter diluted loss per share of $1.70 compared to income per share of $0.22 in the prior year third quarter. The current year results were impacted by non-cash impairment charges totaling $1.17 billion, or $1.72 loss per diluted share net of tax, including a pre-tax non-cash impairment charge of $956 million related to the Company... |
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| Nov.03.09 | CityCenter Introduces Vdara Health & Beauty, An Intimate Spa Focused on Holistic Health and Well-Being| Reservations Now Being Accepted
LAS VEGAS, Nov. 3 /PRNewswire/ -- Vdara Hotel & Spa at CityCenter introduces Vdara Health & Beauty, a sensuous spa sanctuary that spotlights holistic health and well-being in an intimate environment. Opening December 1, Vdara Health & Beauty will be an 18,000-square-foot, two-level spa, salon and fitness center celebrating the calming power of water. The spa will present a thoughtfully orchestrated journey, personalized to maximize each guest's experience.
Co... |
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| Oct.27.09 | MGM MIRAGE Announces Non-Cash Charges Relating to its Investment in CityCenter|
LAS VEGAS, Oct. 20 /PRNewswire-FirstCall/ -- MGM MIRAGE (NYSE: MGM) announced today that it expects to record a pre-tax non-cash impairment charge of approximately $955 million related to its investment in CityCenter; such charge will be reflected in the Company's statement of operations for the third quarter. In addition, CityCenter, the Company's 50/50 joint venture with Infinity World Development Corp, is expected to recognize a $348 million non-cash impairment... |
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| Oct.27.09 | MGM MIRAGE Management to Present at Wells Fargo Securities Consumer Growth Conference|
LAS VEGAS, Oct. 27, /PRNewswire-FirstCall/ -- MGM MIRAGE (NYSE: MGM) management will make a Company presentation today at the Wells Fargo Securities Consumer Growth Conference in New York. A complete copy of the presentation will be available by visiting our web site at http://www.mgmmirage.com.
MGM MIRAGE (NYSE: MGM), one of the world's leading and most respected companies with significant holdings in gaming, hospitality and entertainment, owns and operates 16 properties located in N... |
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| Oct.22.09 | Crystals at CityCenter Achieves LEED(R) Gold Certification| LAS VEGAS, Oct. 22 /PRNewswire-FirstCall/ -- Crystals, the retail and entertainment district at CityCenter, has achieved LEED®+ Gold Core & Shell certification from the U.S. Green Building Council (USGBC), making it the world's largest retail district to receive this level of recognition. Opening in December, CityCenter was created with a vision to introduce a new level of environmental consciousness to the world-famous Strip and has emerged as a leader in sustainable urban development. Crys... |
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| Oct.20.09 | MGM MIRAGE Announces Non-Cash Charges Relating to its Investment in CityCenter| Company Also Sets Earnings Release for November 5, 2009
LAS VEGAS, Oct. 20 /PRNewswire-FirstCall/ -- MGM MIRAGE (NYSE: MGM) announced today that it expects to record a pre-tax non-cash impairment charge of approximately $955 million related to its investment in CityCenter; such charge will be reflected in the Company's statement of operations for the third quarter. In addition, CityCenter, the Company's 50/50 joint venture with Infinity World Development Corp, is expected to rec... |
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| Oct.13.09 | CityCenter Reveals The Spa at ARIA, Opening December| Innovative 80,000-Square-Foot Spa and Salon Brings Nature's Elements Within LAS VEGAS, NV, Oct 13, 2009 (MARKETWIRE via COMTEX) -- Synchronizing balance and beauty, The Spa at ARIA invites guests
into a peaceful haven where nature's healing properties take center
stage. Salt, stone, earth, fire and water join to create a spa
experience that will elevate guests to a meditative state for
introspection and relaxation. Opening with ARIA Resort & Casino this
December, the two-level Spa w... |
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| Oct.13.09 | Alexander M. Haig, Jr. Resigns from MGM MIRAGE Board|
LAS VEGAS, Oct. 13 /PRNewswire-FirstCall/ -- MGM MIRAGE (NYSE: MGM) announced today that Gen. Alexander M. Haig, Jr. has resigned from the Company's Board of Directors. Gen. Haig has served as a Director and Consultant for the Company since May 1990.
"We are tremendously honored that Gen. Haig has played a key role in the direction of our Company for the past 19 years," said MGM MIRAGE Chairman and Chief Executive Officer James J. Murren. "His knowledge and experti... |
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| Oct.05.09 | CityCenter Announces Residential Price Reductions| Closings to Begin in January with The Residences at Mandarin Oriental, Las Vegas
LAS VEGAS, Oct. 5 /PRNewswire-FirstCall/ -- CityCenter, the groundbreaking 67-acre city-within-a-city on the Las Vegas Strip, has announced that a 30 percent price reduction will be offered at closing to the existing buyers of CityCenter’s three luxury residential offerings: The Residences at Mandarin Oriental, Las Vegas, Veer Towers and Vdara Condo Hotel.
“We believe that in this economic climate this ... |
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| Oct.01.09 | MGM MIRAGE Announces Termination of Its Exchange Offer|
LAS VEGAS, Oct. 1 /PRNewswire-FirstCall/ -- MGM MIRAGE (NYSE: MGM) announced today that it has terminated its offer to eligible holders to exchange a portion of the $782 million in aggregate outstanding principal amount of the Company's 8.50% Senior Notes due 2010 (the "Existing Notes") for the Company's 10.00% Senior Notes due 2016 (the "New Notes").
The exchange offer was subject to a minimum condition that no less than $25 million of New Notes must be issuable for... |
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| Sep.21.09 | CityCenter Initiates Job Offers for 12,000 Permanent Positions| Opening in December, CityCenter Represents Nation's Single Largest Employment Opportunity
LAS VEGAS, Sept. 21 /PRNewswire-FirstCall/ -- Today, CityCenter embarks on the single largest hiring effort in the nation as it begins to fill 12,000 permanent positions. The spectacular urban resort destination will open on the Las Vegas Strip this December.
"We're proud to celebrate this significant milestone as we begin to extend job offers to 12,000 deserving individuals. Rich in diversity, intellig... |
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| Sep.18.09 | MGM MIRAGE Prices $475 Million in Senior Unsecured Notes|
LAS VEGAS, Sept. 18 /PRNewswire-FirstCall/ -- MGM MIRAGE (NYSE: MGM) announced today that, on September 17, 2009, it priced a private offering of $475 million principal amount of 11.375% Senior Notes due 2018 at a price of 97.396%. The transaction is expected to close on September 22, 2009. The net proceeds of the offering will be used to reduce the outstanding borrowings under the Company's senior credit facility and for general corporate purposes.
The notes will be general s... |
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| Sep.17.09 | MGM MIRAGE Announces Amendments to Pending Exchange Offer| LAS VEGAS, Sept. 17 /PRNewswire-FirstCall/ -- MGM MIRAGE (NYSE: MGM) announced today that it is amending the terms of its previously announced offer to eligible holders to exchange a portion of the $782 million in aggregate outstanding principal amount of the Company's 8.50% Senior Notes due 2010 (the "Existing Notes") for the Company's 10.00% Senior Notes due 2016 (the "New Notes"). The exchange offer has been amended to:
-- reduce the maximum aggregate principal amount of Existing N... |
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| Sep.17.09 | MGM MIRAGE Announces Proposed Private Placement of Senior Unsecured Notes|
LAS VEGAS, Sept. 17 /PRNewswire-FirstCall/ -- MGM MIRAGE (NYSE: MGM) today announced that it proposes to make a private placement of $350 million in aggregate principal amount of senior unsecured notes due 2018. The Company plans to use the net proceeds from the offering to reduce the outstanding borrowings under the Company's senior credit facility and for general corporate purposes.
The notes will be general senior unsecured obligations of the Company, guaranteed on an unsecured basis ... |
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| Sep.16.09 | Video: Vegas' CityCenter Opens Doors to World's Most Spectacular Offerings in One Singular Setting, December 2009| Landmark Destination to Introduce New Generation of Las Vegas Resort Experiences
LAS VEGAS, Sept. 16 /PRNewswire-FirstCall/ -- In just three short months, the world will be introduced to CityCenter. An extraordinary urban resort destination brought to life by eight world-renowned architects, CityCenter will debut a new era of resort experiences with an ambition to refine and redefine Las Vegas.
To view the Multimedia News Release, go to: http://www.prnewswire.com/mnr/mgm/40097/
(Photo: h... |
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| Sep.11.09 | MGM MIRAGE Announces an Extension of the Early Participation Date for Its Pending Exchange Offer| LAS VEGAS, Sept 11, 2009 /PRNewswire-FirstCall via COMTEX/ -- MGM MIRAGE (NYSE: MGM) announced today that it is extending the early participation date for its previously announced offer to eligible holders to exchange a portion of the $782 million in aggregate outstanding principal amount of the Company's 8.50% Senior Notes due 2010 (the "Existing Notes") for up to $500 million of the Company's 10.00% Senior Notes due 2016 (the "New Notes"). The early participation date was extended from 5:00 p... |
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| Aug.28.09 | Joseph H. Sugerman, M.D. is Elected to Join the MGM MIRAGE Board of Directors|
LAS VEGAS, Aug. 28 /PRNewswire-FirstCall/ -- MGM MIRAGE (NYSE: MGM) today announced that Joseph H. Sugerman, M.D., F.A.C.S. has accepted an invitation to join the Company's Board of Directors. The California physician was elected to his new post by the Board of Directors at their meeting held on Aug. 25. Dr. Sugerman's election to the Board is subject to required approvals or waivers from gaming regulators.
"I am delighted to announce that Dr. Sugerman has been elected to join our Boar... |
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| Aug.27.09 | MGM Mirage Announces Exchange Offer Relating to its 8.50% Senior Notes Due 2010| LAS VEGAS, Aug. 27 /PRNewswire-FirstCall/ -- MGM MIRAGE (NYSE: MGM) announced today the commencement of an offer to eligible holders to exchange a portion of the $782 million in aggregate outstanding principal amount of its 8.50% Senior Notes due 2010 (the "Existing Notes") for up to $500 million of 10.00% Senior Notes due 2016 (the "New Notes"). The complete terms and conditions of the exchange offer are set forth in a confidential offering memorandum dated August 27, 2009 and the related lett... |
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| Aug.06.09 | Video: Las Vegas' CityCenter To Be One of the World's Largest Green Developments| CityCenter Emerges as Leader of Sustainable Urban Development, Driving Green
Economies of Scale in Multiple Industry Segments
LAS VEGAS, Aug. 6 /PRNewswire-FirstCall/ -- Created with a vision to bring
a new level of environmental consciousness to the world-famous Strip,
CityCenter will be one of the world's largest sustainable developments, from
design and construction to operations and guest amenities. An extraordinary
urban resort destination brought to life by ... |
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| Aug.03.09 | MGM MIRAGE Reports Second Quarter Financial Results| --Significant Capital Raise Improves Financial Position;--Operating Trends Stabilize in Second QuarterLAS VEGAS, Aug 03, 2009 /PRNewswire-FirstCall via COMTEX/ -- MGM MIRAGE (NYSE: MGM) today announced its financial results for the second quarter of 2009. The Company reported a second quarter diluted loss per share of $0.60 compared to income per share of $0.40 in the prior year second quarter. The current year result was impacted by non-cash impairment charges of $188 million, or $0.34 per dil... |
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| Jul.15.09 | MGM MIRAGE Management to Present at the Oppenheimer 9th Annual Consumer, Gaming, Lodging & Leisure Conference| LAS VEGAS, July 15 /PRNewswire-FirstCall/ -- MGM MIRAGE (NYSE: MGM)
management will make a Company presentation today at the Oppenheimer 9th
Annual Consumer, Gaming, Lodging, & Leisure Conference being held in Boston,
MA. A complete copy of the presentation will be available by visiting the
Company's website at www.mgmmirage.com.
MGM MIRAGE (NYSE: MGM), one of the world's leading and most respected
companies with significant holdings in gaming, hospitality and entertainment,
owns... |
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| Jul.15.09 | MGM MIRAGE Announces Earnings Release Date| LAS VEGAS, July 15, 2009 /PRNewswire-FirstCall via COMTEX/ -- MGM MIRAGE (NYSE: MGM) announced today that it will release the Company's financial results for the second quarter ended June 30, 2009 prior to the market open on Monday, August 3, 2009, followed by a conference call at 11:00 a.m. Eastern Daylight Time.
The conference call will include a brief discussion of second quarter results followed by a question and answer period. The call will be accessible via the Internet through www.mgmmi... |
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| Jul.09.09 | HOTEL32 at Monte Carlo -- Life-at-the-Top Accommodations -- Opening August 10| Reservations Now Being Accepted for Boutique Hotel Which Promises to Make Everyone Feel Rich and FamousLAS VEGAS, NV, Jul 09, 2009 (MARKETWIRE via COMTEX) -- You don't have to be a celebrity to be treated like one at the
soon-to-open HOTEL32. Located on Monte Carlo's top floor, the
exclusive boutique hotel, opening August 10, will offer the escape
savvy travelers search for but seldom find; a celebrity VIP
experience, available to all.
Right from the start you'll know you have found somethi... |
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| Jun.16.09 | MGM MIRAGE Announces Receipt of Requisite Consents in Its Consent Solicitation for Its 13% Senior Secured Notes Due 2013| LAS VEGAS, June 16, 2009 /PRNewswire-FirstCall via COMTEX/ -- MGM MIRAGE (NYSE: MGM) today announced the expiration of, and receipt of requisite consents in, its consent solicitation with respect to an amendment to the indenture governing its 13% Senior Secured Notes due 2013 ($750 million aggregate principal amount; CUSIP Nos. 552953 BD2 and U5928T AH4) (the "Notes"). The amendment provides that the non-collateral asset sale covenant does not apply to the previously announced sale of Treasure ... |
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| Jun.16.09 | MGM MIRAGE and New Giza for Real Estate Development Company Announce Agreement to Include MGM Grand Resort at Development Outside Cairo Near Egypt's Famous Pyramids| LAS VEGAS, June 16 /PRNewswire-FirstCall/ -- MGM MIRAGE (NYSE: MGM) and
New Giza for Real Estate Development - an Egyptian company building a luxury,
mixed-use community near the base of the famous pyramids - today announced
plans to develop the MGM Grand New Giza. All equity funding for the
development will be provided by New Giza for Real Estate Development. MGM
MIRAGE will provide management services and brand fees through MGM MIRAGE
Hospitality.
Conveniently located 40 minute... |
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| Jun.11.09 | MGM MIRAGE Announces Expiration of the Tender Offer for Senior Notes Maturing in 2009| LAS VEGAS, June 11, 2009 /PRNewswire-FirstCall via COMTEX/ -- MGM MIRAGE (NYSE: MGM) today announced the final results of the cash tender offer (the "Offer") to purchase any and all of the 6.50% senior notes due July 31, 2009 ($226.3 million aggregate principal amount; CUSIP No. 562567 AM9) of Mandalay Resort Group, and its 6.00% senior notes due October 1, 2009 ($820.0 million aggregate principal amount; CUSIP No. 552953 AF8) collectively (the "Notes").
As of 11:59 p.m., New York City time, on... |
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| Jun.05.09 | MGM MIRAGE Announces Consent Solicitation for Its 13% Senior Secured Notes Due 2013| LAS VEGAS, June 5 /PRNewswire-FirstCall/ -- MGM MIRAGE (NYSE: MGM) today
announced that it has commenced a consent solicitation with respect to a
proposed amendment to the indenture governing its 13% Senior Secured Notes due
2013 ($750 million aggregate principal amount; CUSIP Nos. 552953 BD2 and
U5928T AH4) (the "Notes"). The proposed amendment would provide that the
non-collateral asset sale covenant does not apply to the previously announced
sale of Treasure Island. In addition, t... |
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| Jun.01.09 | MGM MIRAGE Management to Present at the Goldman Sachs Lodging, Gaming, Restaurant and Leisure Conference| LAS VEGAS, June 1, 2009 /PRNewswire-FirstCall via COMTEX/ -- MGM MIRAGE (NYSE: MGM) management will make a Company presentation today at the Goldman Sachs Lodging, Gaming, Restaurant and Leisure Conference being held in New York. A complete copy of the presentation will be available by visiting the Company's web site at www.mgmmirage.com.
MGM MIRAGE (NYSE: MGM), one of the world's leading and most respected companies with significant holdings in gaming, hospitality and entertainment, owns and ... |
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| May.28.09 | MGM MIRAGE Announces Early Results in Connection With the Tender Offer for Senior Notes Maturing in 2009| LAS VEGAS, May 28 /PRNewswire-FirstCall/ -- MGM MIRAGE (NYSE: MGM) today
announced the results to date of the cash tender offer (the "Offer") to
purchase any and all of the 6.50% Senior Notes due July 31, 2009 ($226.3
million aggregate principal amount; CUSIP No. 562567 AM9) of Mandalay Resort
Group, and its 6.00% senior notes due October 1, 2009 ($820.0 million
aggregate principal amount; CUSIP No. 552953 AF8) collectively (the "Notes").
As of 5:00 p.m., Eastern Daylight Time, on ... |
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| May.19.09 | MGM MIRAGE Completes Historic Capital Raise| - Company Completes Sale of
$1.5 Billion
of Senior Secured Notes and Sale
of Over
$1 Billion
of Common Stock
- Senior Credit Facility Amended
LAS VEGAS
,
May 19
/PRNewswire-FirstCall/ --
MGM MIRAGE
(NYSE: MGM)
announced today that it has completed its previously announced private
offering of
$1.5 billion
total principal amount of senior secured notes and
underwritten public offering of more than
$1 billion
of
MGM MIRAGE
... |
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| May.14.09 | MGM MIRAGE Prices $1.5 Billion in Senior Secured Notes| LAS VEGAS, May 14 /PRNewswire-FirstCall/ -- MGM MIRAGE (NYSE: MGM)
announced today that it has priced a private offering of $1.5 billion
principal amount of Senior Secured Notes. The company priced $650 million in
10.375% Senior Secured Notes due May 2014 at a price of 97.184% and $850
million in 11.125% Senior Secured Notes due November 2017 at a price of
97.344%. The transaction is expected to close on May 19, 2009.
The notes will rank as general senior obligations of MGM MIRAG... |
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| May.14.09 | MGM MIRAGE Completes $1 Billion Common Stock Offering| LAS VEGAS, May 14 /PRNewswire-FirstCall/ -- MGM MIRAGE (NYSE: MGM) today
announced that it has completed its previously announced $1 billion public
offering of common stock through the issuance of 143 million shares. All of
the shares are being sold by MGM MIRAGE.
The Company plans to use the net proceeds from the offering, together with
the net proceeds of a concurrent offering of senior secured notes, to (i)
repay not less than $750 million of the outstanding amount under its se... |
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| May.13.09 | MGM MIRAGE Announces Tender Offer for Senior Notes Maturing in 2009| LAS VEGAS, May 13, 2009 /PRNewswire-FirstCall via COMTEX/ -- MGM MIRAGE (the "Company") today announced that it has commenced a cash tender offer (the "Offer") to purchase any and all of the 6.50% Senior Notes due July 31, 2009 ($226.3 million aggregate principal amount; CUSIP No. 562567 AM9) of Mandalay Resort Group, and its 6.00% senior notes due October 1, 2009 ($820.0 million aggregate principal amount; CUSIP No. 552953 AF8) collectively (the "Notes"). The tender offer is being made pursuant... |
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| May.13.09 | MGM MIRAGE Announces Proposed Private Placement| LAS VEGAS, May 13 /PRNewswire-FirstCall/ -- MGM MIRAGE (NYSE: MGM) today
announced that it proposes to make a private placement of $1.5 billion in
aggregate principal amount of senior secured notes in two tranches due 2014
and 2017, respectively. The Company plans to use the net proceeds from the
offering, together with other proceeds, to (i) repay not less than $750
million of the outstanding amount under its senior credit facility, (ii)
redeem all of the 7.25% senior debentures due ... |
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| May.13.09 | MGM MIRAGE Announces Common Stock Offering| LAS VEGAS, May 13 /PRNewswire-FirstCall/ -- MGM MIRAGE (NYSE: MGM)
announced today that it has commenced an underwritten public offering of 81.0
million shares of its common stock. It is expected that the offering will
have gross proceeds of approximately $1 billion. Merrill Lynch & Co.,
Deutsche Bank Securities, J.P. Morgan, Morgan Stanley and UBS Investment Bank
are acting as joint book-running managers for the offering. The underwriters
for the offering will have a 30-day option ... |
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| May.13.09 | MGM MIRAGE Enters into an Amendment and Waiver to its Senior Credit Facility| LAS VEGAS, May 13, 2009 /PRNewswire-FirstCall via COMTEX/ -- MGM MIRAGE (NYSE: MGM) today announced that it has entered into amendment no. 6 and waiver to its senior credit facility, the effectiveness of which is conditioned upon (i) the closing of concurrent offerings of our common stock and our new senior secured notes offering, with the gross proceeds of the offerings not to be less than $2.5 billion, (ii) permanent repayment of $750 million of the credit facility borrowings, allocated betwee... |
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| May.04.09 | MGM MIRAGE Reports First Quarter Financial Results| LAS VEGAS, May 4, 2009 /PRNewswire-FirstCall via COMTEX/ -- MGM MIRAGE (NYSE: MGM) today announced its financial results for the first quarter of 2009. The Company reported first quarter diluted earnings per share (EPS) of $0.38 compared to $0.40 per share in the prior year first quarter. The current year results include a gain of $0.44, net of tax, related to the sale of the Treasure Island hotel and casino.
Operating Results and Outlook
Net revenue decreased 20% to $1.5 billion in the fir... |
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| May.01.09 | MGM MIRAGE Announces Earnings Release Date| LAS VEGAS, May 1 /PRNewswire-FirstCall/ -- MGM MIRAGE will formally
release its results of operations for the first quarter ended March 31, 2009
following the market close on May 4, 2009. The Company will host a conference
call at 5:00 p.m. Eastern time which will include a brief discussion of first
quarter results followed by a question and answer period.
The call will be accessible via the Internet through www.mgmmirage.com and
www.companyboardroom.com or by calling 1-800-526-85... |
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| Apr.29.09 | MGM MIRAGE ENTERS INTO AN AMENDMENT TO ITS SENIOR CREDIT FACILITY| Company Secures Approval To Fund Its Share Of CityCenter Equity
Contributions And Extends Waiver Period Through June 30, 2009
LAS VEGAS, April 29 /PRNewswire-FirstCall/ -- MGM MIRAGE (NYSE: MGM) today
announced that it has entered into an amendment to its senior credit facility,
including a waiver through June 30, 2009, of the requirement that the Company
comply with the senior credit facility's financial covenants.
Under the terms of the amendment and waiver, the Company will ... |
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| Apr.29.09 | MGM MIRAGE, Dubai World and CityCenter's Lenders Reach Agreement for Completion of CityCenter| Project Receives Approval for Full Financing
Dubai World Dismisses Lawsuit Against MGM MIRAGE
LAS VEGAS and DUBAI, United Arab Emirates, April 29 /PRNewswire-FirstCall/
-- MGM MIRAGE (NYSE: MGM) and Dubai World through subsidiary Infinity World,
50/50 joint venture partners in the CityCenter project, today announced that
the companies have reached an agreement on a revised joint venture agreement
and also reached an agreement with CityCenter's lenders on a comprehensi... |
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| Apr.17.09 | MGM MIRAGE Provides Funds to Ensure Construction Continues at CityCenter| LAS VEGAS, April 17 /PRNewswire-FirstCall/ -- MGM MIRAGE (NYSE: MGM) today
announced that, as permitted under the terms of the Company's previously
announced amendment of its senior credit facility, it has provided $70 million
to cover the current construction costs for CityCenter. The payment by MGM
MIRAGE includes $35 million that should have been funded by Infinity World, a
subsidiary of Dubai World.
"MGM MIRAGE remains dedicated to supporting the completion of CityCenter,
reco... |
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| Apr.13.09 | MGM MIRAGE Receives Bank Support to Fund 100 Percent of Current Construction Costs for CityCenter| LAS VEGAS, April 13 /PRNewswire-FirstCall/ -- MGM MIRAGE (NYSE: MGM),
today announced that it has received the support of its banks and has entered
into an amendment of its senior credit facility.
Under the newly obtained amendment, MGM MIRAGE's senior lenders have
provided the company with the ability to pay the full amount of current
construction costs for CityCenter totaling $70 million due no later than April
17, 2009. This amendment allows MGM MIRAGE to fund Dubai World's $35... |
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| Mar.27.09 | MGM MIRAGE Provides Required Funds to Ensure Construction Continues at CityCenter| Company Receives Waiver From Its Lenders to Fund 100 Percent of Required
March Equity Contributions for CityCenter
LAS VEGAS, March 27 /PRNewswire-FirstCall/ -- MGM MIRAGE (NYSE: MGM),
today announced that it is, with the authorization of its senior lenders,
providing $200 million of funding to CityCenter to satisfy the required
sponsor equity contributions due on or about March 24, 2009. The funding
includes $100 million which should have been funded by Dubai World. This
allows... |
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| Mar.20.09 | MGM MIRAGE Completes the Sale of Treasure Island to Phil Ruffin| LAS VEGAS, March 20 /PRNewswire-FirstCall/ -- MGM MIRAGE (NYSE: MGM) today
announced that it has completed its previously announced sale of Treasure
Island Hotel & Casino ("TI") to Ruffin Acquisition, LLC for $775 million.
Ruffin Acquisition, LLC is wholly owned by Phil Ruffin.
At closing, MGM MIRAGE received $600 million in cash proceeds and a $175
million secured note bearing interest at 10% payable not later than 36 months
after closing. Ruffin Acquisition, LLC has an opt... |
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| Mar.17.09 | MGM MIRAGE Reports Fourth Quarter and Full Year Results| Company Enters into an Amendment to Its Senior Credit Facility Providing a
Waiver of Financial Covenants through May 15, 2009
LAS VEGAS, March 17 /PRNewswire-FirstCall/ -- MGM MIRAGE (NYSE: MGM) today
reported its 2008 fourth quarter and full year financial results and provided
details of a waiver and amendment of its senior credit facility.
Summary of Fourth Quarter Operating Results
The Company reported a fourth quarter diluted loss per share from
continuing operations o... |
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| Mar.16.09 | MGM MIRAGE Announces Earnings Release Date| LAS VEGAS, March 16 /PRNewswire-FirstCall/ -- MGM MIRAGE will formally
release its results of operations for the fourth quarter and full year 2008
following the market close on March 17, 2009. The Company will host a
conference call at 6:00 p.m. Eastern Daylight Savings Time which will include
a brief discussion of these results followed by a question and answer period.
The call will be accessible via the Internet through www.mgmmirage.com and
www.companyboardroom.com or by callin... |
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| Jan.07.09 | CityCenter Announces Scope Changes| LAS VEGAS, Jan 07, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- The Harmon Hotel & Spa Opening to Be Postponed and The Harmon Condominium Component to be Cancelled
CityCenter Holdings, LLC, a joint venture between MGM MIRAGE (NYSE: MGM) and Infinity World Development Corp, today announced certain scope changes related to The Harmon Hotel & Spa which include postponing the opening of the hotel to late 2010 and cancelling The Harmon residential condominium component.
CityCenter Holdi... |
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