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MGM Mirage
MGM Resorts International is an American global hospitality and entertainment company operating destination resorts in Las Vegas, Massachusetts, Detroit, Mississippi, Maryland, and New Jersey, including Bellagio, Mandalay Bay, MGM Grand, and Park MGM. The company began operations in 1987 as MGM Grand, Inc. and became MGM Mirage in 2000, after acquiring Mirage Resorts. In the mid-2000s, growth of its non-gaming (lodging, food, retail) revenue began to outpace gaming receipts and demand for high-rise condominiums was surging, with median property prices in Las Vegas twice the national average. The company shifted its focus from owning and operating resorts and casinos to developing and building real estate in the leisure and gaming industry—launching the massive CityCenter mixed-use project, which was at the time of its construction the world's largest construction site and ranks as one of the most expensive real estate projects in history. City Center's development coincided wi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not ( unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Jersey
New Jersey is a state in the Mid-Atlantic and Northeastern regions of the United States. It is bordered on the north and east by the state of New York; on the east, southeast, and south by the Atlantic Ocean; on the west by the Delaware River and Pennsylvania; and on the southwest by Delaware Bay and the state of Delaware. At , New Jersey is the fifth-smallest state in land area; but with close to 9.3 million residents, it ranks 11th in population and first in population density. The state capital is Trenton, and the most populous city is Newark. With the exception of Warren County, all of the state's 21 counties lie within the combined statistical areas of New York City or Philadelphia. New Jersey was first inhabited by Native Americans for at least 2,800 years, with the Lenape being the dominant group when Europeans arrived in the early 17th century. Dutch and Swedish colonists founded the first European settlements in the state. The British later seized contro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Western Airlines
Western Airlines was a major airline based in California, operating in the Western United States including Alaska and Hawaii, and western Canada, as well as to New York City, Boston, Washington, D.C., and Miami and to Mexico City, London and Nassau. Western had hubs at Los Angeles International Airport, Salt Lake City International Airport, and the former Stapleton International Airport in Denver. Before it merged with Delta Air Lines in 1987 it was headquartered at Los Angeles International Airport (LAX). Throughout the company's history, their slogan was "Western Airlines...The Only Way to Fly!" History Western Air Express In 1925, the United States Postal Service began to give airline contracts to carry airmail throughout the country. Western Airlines first incorporated in 1925 as ''Western Air Express'' by Harris Hanshue. It applied for, and was awarded, the 650-mile long Contract Air Mail Route #4 (CAM-4) from Salt Lake City, Utah, to Los Angeles. On 17 April 1926, Weste ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MGM Growth Properties
MGM Growth Properties LLC (MGP) was a real estate investment trust based in Summerlin South, Nevada, that invested in large-scale casino properties. The company had whole or majority ownership of 15 properties, all of which were operated by MGM Resorts International. The company leased the properties to MGM Resorts via triple-net leases. The company was acquired by Vici Properties in April 2022 for $17.2 billion. History The company was formed on October 23, 2015. On April 25, 2016, the company became a public company via an initial public offering and acquired The Mirage, Mandalay Bay, Luxor Las Vegas, New York-New York Hotel and Casino, Monte Carlo Resort and Casino, Excalibur Hotel and Casino, The Park, Gold Strike Tunica, MGM Grand Detroit, and Beau Rivage from MGM Resorts International. On August 1, 2016, the company acquired the real estate assets related to the Borgata Hotel Casino and Spa from MGM. In September 2017, the company acquired MGM National Harbor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Las Vegas Sun
The ''Las Vegas Sun'' is one of the Las Vegas Valley's two daily subscription newspapers. It is owned by the Greenspun family and is affiliated with Greenspun Media Group. The paper published afternoons on weekdays from 1990 to 2005 and is now included as a section inside the pages of the morning ''Las Vegas Review-Journal'' but continues operating exclusively on its own website. Its publisher and president is Brian Greenspun, former publisher Hank Greenspun's son, who was a college roommate of President Bill Clinton. It has been described as "politically liberal." History The ''Las Vegas Sun'' was first published on May 21, 1950, by Hank Greenspun, who served as its editor until his death. Hank acquired the ''Las Vegas Free Press'' and two weeks later renamed it to the ''Las Vegas Sun''. He started the ''Las Vegas Sun'' after he received a US$1,000-loan from businessman Nate Mack. From its founding the paper was published in the mornings. Starting in 1989, after it signe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Metro-Goldwyn-Mayer
Metro-Goldwyn-Mayer Studios Inc., also known as Metro-Goldwyn-Mayer Pictures and abbreviated as MGM, is an American film, television production, distribution and media company owned by Amazon through MGM Holdings, founded on April 17, 1924 and based in Beverly Hills, California. MGM was formed by Marcus Loew by combining Metro Pictures, Goldwyn Pictures, and Louis B. Mayer Pictures into one company. It hired a number of well known actors as contract players—its slogan was "more stars than there are in heaven"—and soon became Hollywood's most prestigious film studio, producing popular musical films and winning many Academy Awards. MGM also owned film studios, movie lots, movie theaters and technical production facilities. Its most prosperous era, from 1926 to 1959, was bracketed by two productions of '' Ben Hur''. After that, it divested itself of the Loews movie theater chain, and, in the 1960s, diversified into television production. In 1969, Kirk Kerkorian bought 4 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tracinda Corporation
Tracinda Corporation is an American private investment corporation that was owned by the late Kirk Kerkorian. Its major investments included a minority interest of MGM Resorts International. Tracinda is headquartered in Las Vegas, Nevada. The company was named after Kerkorian's daughters, Tracy and Linda. History Tracinda formerly owned ten percent of General Motors; it sold all of its stock in November 2006. Tracinda offered $4.5 billion to buy Chrysler on April 5, 2007, causing the shares of DaimlerChrysler to soar 5.3%. Ultimately, the bid failed and Chrysler was sold to Cerberus Capital Management. Kerkorian also bid, unsuccessfully, in 1995 to take over Chrysler. On May 16, 2008, Tracinda contacted Ford shareholders in a bid to buy 20,000,000 shares by June 4, 2008, at a rate of $8.50 a share. Later on, the bid was processed, and the company bought the shares through Ahmed Adnan, an investor. On Oct 20, 2008, Tracinda sold more than 7 million shares of Ford at an a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Write-off
A write-off is a reduction of the recognized value of something. In accounting, this is a recognition of the reduced or zero value of an asset. In income tax statements, this is a reduction of taxable income, as a recognition of certain expenses required to produce the income. Income tax In income tax calculation, a write-off is the itemized deduction of an item's value from a person's taxable income. Thus, if a person in the United States has a taxable income of $50,000 per year, a $100 telephone for business use would lower the taxable income to $49,900. If that person is in a 25% tax bracket, the tax due would be lowered by $25. Thus the net cost of the telephone is $75 instead of $100. In order for business owners to write off business expenses, the IRS states that purchases must be both ordinary and necessary. This means that deductible items must be usual and required for the business owner's field of work. For example, a telemarketer may deduct the purchase of a phone, si ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Crisis Of 2007–2008
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CityCenter
Aria Campus, commonly known by its former name CityCenter, is a mixed-use, urban complex on the Las Vegas Strip in Paradise, Nevada. It is located on and contains a total of . The complex includes Aria Resort and Casino, the Vdara condo-hotel, the Waldorf Astoria Las Vegas hotel, the Veer Towers condominiums, and a mall known as The Shops at Crystals. Another hotel, The Harmon, never opened due to construction defects; the site is being redeveloped as 63, a four-story shopping mall. CityCenter was developed by MGM Resorts International, which partnered with Dubai World during construction. At $9.2 billion, it is the largest privately funded construction project in U.S. history. It was announced as Project CityCenter in 2004, with construction beginning two years later. CityCenter opened on December 16, 2009. The complex is connected by a people mover system to adjacent MGM properties Park MGM and Bellagio. MGM purchased Dubai World's stake in 2021, for $2.1 billion. By 2 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mirage Resorts
Mirage Resorts (formerly Golden Nugget Companies) was an American company that owned and operated hotel-casinos. It was acquired by MGM Grand, Inc. in 2000, forming MGM Mirage (now MGM Resorts International). History Golden Nugget Companies Inc. was formed by Steve Wynn in 1973. The company was created after Wynn acquired majority control of the Golden Nugget in Las Vegas, Nevada. In 1980, the company opened the Golden Nugget Atlantic City in New Jersey but in 1987, Wynn's and the company's interest in Atlantic City did not last very long due to frustration with state gaming regulators. The property was sold to Bally's Entertainment, and eventually became Bally's Grand Hotel and Casino. In 1989, the company acquired the Nevada Club casino in Laughlin, Nevada, and re-branded it as the Golden Nugget Laughlin. The Mirage and Treasure Island (1990s) Wynn's first major casino on the Las Vegas Strip was The Mirage, which opened in November 1989. It was the first time Wynn wa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Park MGM
The Park MGM, formerly Monte Carlo Resort and Casino, is a megaresort hotel and casino on the Las Vegas Strip in Paradise, Nevada, United States. The hotel, with a height of , has 32 floors, including a casino floor with 1,400 slot machines, 60 table games, and 15 poker tables. It is owned by Vici Properties and operated by MGM Resorts International. The hotel offers 2,992 guest rooms, including 259 luxury suites. The Monte Carlo was converted into Park MGM between late 2016 and 2018, with the upper floors being converted into a boutique hotel, NoMad Las Vegas. The hotel, formerly named to invoke the Place du Casino in Monte Carlo, featured chandelier domes, marble floors, neoclassical arches, ornate fountains, and gas-lit promenades. Facilities and attractions The original Monte Carlo included of retail stores, plus convention facilities, a spa, fitness center, a hair salon, a exercise room, a pool area, which includes a wave pool & lazy river, and the Street of Dreams ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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