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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

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

Dubai World is possible joint venture partner with MGM Mirage after the Nevada Gaming Commission rules on their business relationship later this month.  Dubai World is the investment division of the Persian Gulf state.

Continue reading Dubai World Possible Joint Venture Business Partner With MGM Mirage

Bonds issued by MGM Mirage backed by New York New York Vegas casino.  This past week the gaming company issued $750 million in senior secured notes.

The private offering notes will be due 2013 will allow the buyer to receive a 15 percent yield and 13 percent interest will be paid by MGM Mirage.

Continue reading Bonds Issued By MGM Mirage Backed By New York New York Vegas Casino