Latest Casino News


Nevada Gambling News Brief

MGM Mirage forms committee for Tracinda negotiations

Hotel & Motel Management,  Thursday, May 24, 2007 at 2:08:36 PM

MGM MIRAGE today announced that in response to an amended Schedule 13D filed by Tracinda Corporation with the Securities and Exchange Commission on May 21, 2007, in which Tracinda stated: "[Tracinda] intends to enter into negotiations with MGM MIRAGE to purchase the Bellagio Hotel and Casino and City Center properties. Tracinda also wishes to pursue strategic alternatives with respect to its investment in MGM MIRAGE which may include financial restructuring transactions involving all or a substantial portion of the remainder of the Company. Tracinda has made no decision with respect to any such restructuring transactions and reserves the right not to engage in or approve any transaction," MGM MIRAGE's Board of Directors has formed a Transactions Committee comprised of non-management, independent directors, not affiliated with Tracinda, to consider Tracinda's statement and strategic alternatives available to MGM MIRAGE.

MGM MIRAGE also advised that there can be no assurances that this process will result in any specific transactions. MGM MIRAGE added that it does not expect, at this point, to disclose any developments regarding its exploration of strategic alternatives. the source
Note: The links to older news stories hosted on other servers often no longer function. We apologize for any inconvenience.

...tabbed details about Bellagio Hotel and Casino detail page for Bellagio Hotel and Casino

Our USCF Casino News is also available as a free-subscription News Feed.

Home        USCF Forum        USCF Store        Advertising        About USCF
Casino Job Applications        Useful Links        Contact USCF          Site Map        Privacy Policy

All contents copyright 2006-2021
True Interactive Yellow Page Directories, Inc.
All Rights Reserved.

Gambler's Anonymous

This Page Last Modified 9/21/2021
US Casino Finder Directory

Register now to receive valuable promo codes, casino updates and news alerts


Casinos with Social Networking

QuikList by City:
Atlantic City Casinos
Biloxi Casinos
Black Hawk Casinos
Cripple Creek Casinos
Deadwood Casinos
Las Vegas Casinos
Laughlin Casinos
Reno Casinos

QuikList by Type:
US Hotel Casinos
US Casinos
US Card Rooms
US Indian Casinos
US Horse Race Tracks
US Greyhound Race Tracks
US Racinos
US Casino Cruises
US Bingo Halls
US Casino Party Planners
US Dealer Schools

Gambling Factoid #4:
The original version of dice is believed to be the knuckle-bones of sheep.


HTML code to add a direct link to this page to your website

38,000 pages of information
in our directory,
and we still can't
help you find
what you're looking for?
Let us know where we failed!
You can help us improve just by
using one of the following options:
1. Private comment
2. Email us
3. Add a business.

xml feed
site map