21/06/2004 00:00
MGM MIRAGE in deal to build casino in China
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Fresh from engineering the biggest gaming acquisition in history, MGM MIRAGE today said it entered into a joint venture to build and operate a major resort in the Chinese city of Macau, one of the most lucrative gambling markets in the world.
MGM MIRAGE announced a deal with Pansy Ho Chiu-king, the daughter of Macau casino boss Stanley Ho, to develop a hotel-casino in the coastal Chinese city near Hong Kong. The company would join Las Vegas operators Las Vegas Sands, which owns the Venetian hotel-casino, and Wynn Resorts chief Steve Wynn in running Macau casinos.
The hotel-casino, which is expected to open by late 2006, will use the MGM Grand name. It would be on a waterfront site next to Wynn's planned hotel-casino and near Stanley Ho's Lisboa hotel-casino.
Full story:Las Vegas Sun
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