Patent - Select Hotel Casinos Owned By MGM MIRAGE To Be Sold To Group

CheapestCasinos.com
Great Gambling Vacations and Trips

GAMBLING INFO
- Winning Cars Online

- Charity Poker Laws

- Craps Blogs

- Slot Machines

- Fundraising

FREE TRIP INFORMATION PACKAGE!
Fill out quick form below:
Name: Email:

Newsroom Related to Gambling Fun and Vacations

Related Patent News

Select Hotel Casinos Owned By MGM MIRAGE To Be Sold To Group

MGM MIRAGE (NYSE: MGM) announced today that it has entered into an agreement to sell its Colorado Belle and Edgewater hotel-casinos located in Laughlin, Nevada, to a group led by Anthony Marnell III for $200 million. The transaction is subject to customary closing conditions contained in the purchase agreement, including receipt of all necessary regulatory and governmental approvals. Both parties anticipate the transaction to be completed by the second quarter of 2007.

Upon successful completion of the transaction, MGM MIRAGE expects to report a substantial gain. MGM MIRAGE acquired these properties in April 2005 as part of its acquisition of Mandalay Resort Group. On a combined basis, these two properties feature 2,535 guest rooms, 138,000 square feet of casino space, 2,224 slot machines and 72 gaming tables on a combined 57 acres of land along the Colorado River.

Anthony Marnell III is the Chairman and CEO of M Resorts. Marnell and his management team are partnered with Sher Gaming, LLC,

Bookmark:
Permalink: http://S-0.ORG/t1ttZ1u

Get more into from out site WWW.CHEAPESTCASINOS.COM - Contact Us For Gambling Trips, Casino War Blogs, Charity Poker on Television, The Roulette System, realted vacations and travel packages

Gambling News

Getaway Package At Tropicana Casino and Resort in Atlantic City

Pinnacle Entertainment Purchases Area In Atlantic City For Casino