Thursday, June 09, 2005

MGM's mega plans:

MGM Mirage is planning on rolling out a company wide yield-management system to set room rates across all properties of the group. This product is getting Wall Street analysts excited and they expect the system to show the power of the Mandalay Resort Group buyout by MGM. Treasure Island will be the first hotel-casino on the system, but it is being set up for all MGM Mirage properties.

MGM Mirage is moving to take Mandalay casinos in a cashless merger, just as it has done with its own group casinos.

Also, the gaming giant MGM Mirage is close to signing up for a $600 million syndicated loan to finance the $975 million hotel-casino it is building in Macau. Pansy Ho is collaborating with MGM on the Macau project according to an Asian media report.