21/06/2004 08:07
MGM MIRAGE Announces Agreement for Macau-Based Casino
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LAS VEGAS, June 21 /PRNewswire-FirstCall/ -- MGM MIRAGE, (NYSE: MGG - News) announced today that it has entered into a joint venture agreement with Pansy Ho Chiu-king to develop, build and operate a major hotel-casino resort in Macau S.A.R.
The facility, which will use the "MGM Grand" name, will be 50/50 owned and jointly operated by the two partners. The resort will be located on a prime waterfront site next to the planned Wynn Resorts facility and near the Lisboa hotel-casino, an area destined to become the casino "Strip" of Macau. Design and planning work has commenced and it is anticipated that the property could open by late 2006.
Full Story:yahoo Finance
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