Latest Kirk Kerkorian Stories
MGM Mirage held off bankruptcy Friday for a major Las Vegas development, making a $200 million loan payment to keep the CityCenter project afloat. Half of the payment was made on behalf of Dubai World, which is MGM Mirage's partner in the $8.7 billion project.
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.
MGM Mirage announced Monday it was selling its Treasure Island Hotel and Casino on the Las Vegas Strip to Ruffin Acquisition for $775 million. The largely cash deal comes amid a business slump in Las Vegas and MGM said it expected the sale to provide a shot in the arm for the company's bottom line. This transaction creates value to our stakeholders through significantly increased liquidity and enhanced financial flexibility, MGM Chairman and CEO James Murren said in a written statement. The...
LAS VEGAS, Dec.
LAS VEGAS, Dec. 9 /PRNewswire-FirstCall/ -- MGM MIRAGE Hospitality, a wholly owned subsidiary of MGM MIRAGE (NYSE: MGM), announced today the formation of MGM MIRAGE Global Gaming Development, a new division principally focused on MGM MIRAGE's international gaming expansion into new markets.
Investment billionaire Kirk Kerkorian has begun to divest his portfolio of U.S. automaker Ford Motor Co. shares at a considerable loss, his company said. Kerkorian's Tracinda Corp. said it had sold 7.3 million shares of Ford stock Monday, The Detroit News reported.
By James Haug By JAMES HAUG REVIEW-JOURNAL The Clark County School District may receive a $13 million donation for empowerment schools with strings attached: To get the money, all district schools would eventually have to convert to the empowerment philosophy of giving school staff more freedom to make their own decisions.
The fabled MGM studios, which seems to have had more owners than its James Bond character has had lady friends, is on the block once more.
U.S. billionaire investor Kirk Kerkorian's Tracinda Corp. has increased its holdings in Ford Motor Co. to 6.49 percent, official filings showed.
By Jui Chakravorty DETROIT (Reuters) - General Motors Corp. on Thursday posted its sixth straight quarterly loss, but results excluding a $1 billion health-care restructuring charge exceeded cautious Wall Street expectations.