- Global hotel biggies make a beeline for India
Many global hotel chains plan to enter India and some that are already present in the country are keen on expansion. The companies are bett...
- Global luxury hotel chains scouting for tie-ups
The list includes marquee hospitality names such as Las Vegas-based MGM Mirage, Toronto-based Fairmont and Southeast Asian brands Mandarin ...
- Casino major MGM Mirage to launch non-gaming luxury hotel brands in India
MGM Mirage, the Las Vegas Strip’s largest casino owner, is entering India with non-gaming luxury hotels as it turns to emerging markets lik...
- MGM Mirage hires Morgan Stanley to evaluate casino bids
MGM Mirage has hired investment bank Morgan Stanley to evaluate bids for regional casinos in Michigan and Mississippi.
- Japanese shrug off recession, crowd pachinko parlours
In the smoky Maruhan gambling Parlour near Tokyo’s Shinjuku station, Shunichiro Nagasawa feeds a 1,000-yen ($10) bill into a pachinko machi...
- Casino giant MGM Mirage loses $1.1 billion in Q4
Casino operator MGM Mirage Inc is reporting that its fortunes shifted dramatically in the fourth quarter, when it lost $1.15 billion, inclu...
- Dubai looks to Abu Dhabi as debt obligations surge
Dubai may depend on support from neighbouring Abu Dhabi and the federal government of the United Arab Emirates to help pay for a surge in b...
- 'Recession-proof' Las Vegas hit by US economic downturn
For almost any other tourist hotspot, greeting nearly 10 million visitors and earning 2.9 billion dollars from convention business in three...
- Costs, weaker economy drive Las Vegas Sands to 1Q net loss
Las Vegas Sands Corp said Wednesday it lost $11.2 million (euro7.21 million) in the first quarter as resort construction costs escalated, t...
- MGM Mirage fires more than 400 middle managers
MGM Mirage Inc., the largest casino operator on the Las Vegas Strip, told more than 400 middle management employees Monday they would be te...
- Macau casinos beat Las Vegas, rake in over $10 b in '07 revenues
Casinos in Macau raked in more than $10.3 bn in gaming revenue last year, the government said, a jump of 46% over the previous year as Las ...
- MGM Mirage plans $3 bn non-gaming resort in Abu Dhabi
Casino operator MGM Mirage says it will help build a $3 billion non-gambling hotel resort in Abu Dhabi with that government’s development f...
- Dubai World may up its stake in MGM
Dubai World may raise its stake in Las Vegas-based casino company MGM at the right price, the company's chairman Sultan Ahmed Bin Sulayem s...
- Dubai World gains lesser MGM stake
A Dubai government investment fund said on Monday it had gained a lower than hoped for stake in US casino and entertainment giant MGM Mirag...
- High-flying Dubai spreads investment wings abroad
Economists talk about financial risks involved in investing in Gulf.
- Dubai World to buy stake in MGM Mirage
Dubai agreed to pay $5 billion for a 9.5% stake in MGM Mirage and half of the casino company’s CityCenter hotels and condominiums project t...
- Vegas casinos shift to 'whale' hunting
‘Whales,’ once significant factors in a casino’s profits, are losing their importance, as gambling centres like Las Vegas depend more on no...