Ch7 Article 1 - Page 1 of 2 2009 Factiva, Inc. All rights...

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Unformatted text preview: Page 1 of 2 2009 Factiva, Inc. All rights reserved. MGM Mirage Gambles on Hotels in Mideast, Asia --- Casino Company Signs Deals to Brand and Manage Bellagios and MGM Grands That Others Will Develop and Build By Tamara Audi 652 words 20 May 2009 The Wall Street Journal J B1 English (Copyright (c) 2009, Dow Jones & Company, Inc.) For years, big hotel companies have fought to gain entry to the lucrative Las Vegas Strip. Now, MGM Mirage , one of the Strip's biggest gambling houses, is making a grand entrance into the hotel industry, with plans to export the Strip's glitz to such sites as Cairo and Vietnam. An MGM Mirage executive says the company has signed eight hotel-management deals with developers and is in discussions with 10 more about opening hotels under the banners of its iconic Vegas properties, including the Bellagio and the MGM Grand, across Asia and the Middle East. In most cases, the properties will be marketed as luxury hotels and won't include casinos....
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This note was uploaded on 01/26/2011 for the course MKT 337h taught by Professor Staff during the Spring '08 term at University of Texas at Austin.

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Ch7 Article 1 - Page 1 of 2 2009 Factiva, Inc. All rights...

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