Jump to content

MGM Resorts International

From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by Misterrick (talk | contribs) at 04:31, 11 February 2004 (Added Info about completion of sale of the Golden Nugget and removed links to Golden Nugget). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

MGM Mirage is a Las Vegas, Nevada based business engaged in the development, ownership and operation of hotels and casinos throughout the world. The company began operations on May 31,2000 after the completion of the $6.4 Billion U.S. Dollars merger of MGM Grand Inc. and Mirage Resorts Inc. Prior to the merger of the two companies, MGM Grand had been in operation since the 1960's and Mirage Resorts (Formerly Golden Nugget Companies, Inc.) had been in operation since the 1970's.

On January 26, 2004 MGM Mirage completed it's $215 million dollar sale of the Golden Nugget Casino and Hotel in Las Vegas, Nevada and Laughlin, Nevada to Poster Financial Group, Inc. The original announcement of the sale was made on June 26, 2003.

MGM Mirage's common stock is publicly traded on the New York Stock Exchange under the ticker symbol 'MGG'. Billionaire Kirk Kerkorian and his Tracinda Corporation are currently the majority owners of MGM Mirage. Mr.Kerkorian also is the majority owner of the Metro-Goldwyn-Mayer movie studio from which MGM Mirage's name is partly detrived from.

The company's corporate headquarters is located at 3600 Las Vegas Boulevard South, Las Vegas Nevada 89109.

Current MGM Mirage Properties

All properties are wholly owned subsidaries except where indicated.