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Las Vegas resort creates corporate restructuring plan for debt issues.  MGM Mirage created a four level plan to help the company keep of their Las Vegas hotels and avoiding bankruptcy.

First, a complicated bond and stock offering will raise $2.5 billion for the resort and gaming operator.

Continue reading Las Vegas Resort Creates Corporate Restructuring Avoiding Bankruptcy

Legal action in $9.1 billion real estate Project CityCenter Las Vegas brought on by joint venture partner Dubai World against real estate developer MGM Mirage.  Dubai World says their partner is mismanaging the resort located on the Las Vegas Strip.  The project has been riddled with financial difficulties.

Continue reading Legal Action In $9.1 Billion Real Estate Project CityCenter Las Vegas

Project CityCenter Harmon Las Vegas condos have been canceled along with a one year construction delay.  Structural integrity construction issues have forced the Harmon residential component of 200 units to be canceled from the $9.2 billion resort and delay the opening of the luxury Harmon Hotel.

Update 1/5/09: Project CityCenter Jobs are now available.

Continue reading CityCenter Las Vegas Condos Canceled And One Year Construction Delay

Project CityCenter Las Vegas opens applications for jobs on January 5, 2009.  The Las Vegas resort will need more than 12,000 jobs filled by an estimated 100,000 job applicants.  Employment for the $9.3 billion resort will commence early January.

Update 1/5/09: Project CityCenter Jobs are now available.

Hiring for CityCenter’s nongaming hotels, Vdara, Mandarin Oriental and Harmon will be administered by MGM Mirage.  In addition, they will oversee Aria and the dining, entertainment and retail real estate for Crystals.

Continue reading Project CityCenter Las Vegas Opens Applications For Jobs Jan 5, 2009