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Industry Center - Resorts & Casinos
Industry Center > Resorts & Casinos > MGM MIRAGE Company Profile
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MGM MIRAGE Company Profile
It's not your imagination -- MGM MIRAGE is one of the world's largest gaming firms. The company's 20 partially or wholly owned properties include Las Vegas' MGM Grand, Luxor, Bellagio, The Mirage, New York-New York, and the Monte Carlo. It also owns casinos elsewhere in Nevada (Reno, Jean, and Henderson), as well as in Illinois (50%-owned), Michigan, and Mississippi. In addition, the company operates the Borgata casino in Atlantic City through a joint venture with Boyd Gaming. MGM MIRAGE shot to the top of the gaming world in 2005 when it acquired rival Mandalay Resort Group for $7.9 billion. However, Harrah's surpassed MGM MIRAGE after it merged with Caesars. Founder Kirk Kerkorian owns about 50% of the firm.
Headlines for MGM MIRAGE
[external] Is Congress Helping or Hurting?
at Motley Fool - Fri 9:34 am ET
[external] Macau revenue, tax benefit fuel Wynn Resorts profit rise
at MarketWatch - Thu Jul 24
Economy, competition changes Kan. gambling picture
AP - Thu Jul 24
[external] Marcial: Betting on a Buyout at MGM
at BusinessWeek - Wed Jul 23
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Contact Information
Address: 3600 Las Vegas Blvd. South
Las Vegas, NV 89109
Phone:702-693-7120
Fax:702-693-8626
Financial Highlights
Fiscal Year End:December
Revenue (2007):7691.60 M
Revenue Growth (1 yr):7.20%
Employees (2007):67,400
Employee Growth (1 yr):(-3.70%)
Key People
Chairman and CEO: J. Terrence (Terry) Lanni
President, COO, and Director: James J. (Jim) Murren
SVP and CIO: Tom Peck
Industry Information
Sector: Services
Industry: Resorts & Casinos
Top Competitors
Harrah's Entertainment, Inc.
Las Vegas Sands Corp. (lvs)
Trump Entertainment Resorts, Inc. (trmp)
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