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Monte Carlo fire loss estimated near $100 million

Insurance Journal,  Friday, February 15, 2008 at 2:10:28 PM

A fire that sent gamblers fleeing from the Monte Carlo hotel-casino on the Las Vegas Strip in January will cost close to $100 million in repairs and lost business, casino operator MGM Mirage Inc. said. The company has insurance, but it's not clear how much of the claim will be paid, MGM Mirage spokesman Alan Feldman said as the hotel-casino moved closer to reopening. "While we do have insurance and we are confident we will not lose all of that $100 million, how much we get back remains to be seen,'' he said.

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