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Real Estate News Releases
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(CHARTPOPPERS.COM, February 01, 2010 ) Point Roberts, WA - Chartpoppers.com announces an investment report featuring Resort & Casino company MGM Mirage (NYSE:MGM)
The investment report on MGM Mirage (NYSE:MGM) should be of particular interest to other Services companies; Wynn Resorts, Limited. (NASDAQ: WYNN) Las Vegas Sands Corp. (NYSE:LVS) and Century Casinos, Inc. (NASDAQ: CNTY).
To view the full report go to www.chartpoppers.com
MGM Mirage (NYSE:MGM), through its subsidiaries, owns and operates casino resorts in the United States. The companys resorts offer gaming, hotel, dining, entertainment, retail, and other resort amenities
Recent News on MGM Mirage (NYSE: MGM)
For years, New Jersey regulators have raised concerns about the suitability of casino companyMGM Mirage's business partner in China. Now, MGM Mirage has an answer: cash out of Atlantic City.
The company plans to divest its 50% stake in the Borgata casino resort, a person with knowledge of the negotiations said last week. Although it has been scouting for buyers it hasn't come to a deal, according to two people with knowledge of the talks.
MGM Mirage hopes that its plan to sell its Atlantic City interests will convince New Jersey regulators to agree to curtail their regulatory oversight of the company. Any additional scrutiny has the potential to cause problems with MGM Mirage's business elsewhere.
MGM Mirage disclosed last year that New Jersey's Division of Gaming Enforcement had issued a confidential report saying the company should disassociate from Pansy Ho, MGM Mirage's joint venture partner in Macau. It labeled her an "unsuitable" business partner.
The filing didn't elaborate on why Ms. Ho was deemed unsuitable. But in 2005, New Jersey's Division of Gaming Enforcement reviewed MGM Mirage's Macau joint venture with Ms. Ho and submitted a report to the state gaming commission noting that "over the years there have been numerous public allegations suggesting that Stanley Ho, the father of MGM's joint venture partner Pansy Ho, has ties to Asian organized crime." Mr. Ho has never faced charges and has disputed the accusations.
Spokespeople for Ms. Ho haven't responded to requests for comment.
To view the Consolidated Investment Analysis on MGM Mirage (NYSE:MGM), Please visit the stock pulse page at www.chartpoppers.com
In the report chartpoppers.com covers a recent Financial Summary, Analyst Consensus, Technical Analysis, Comparative Analysis and Insider Trading Activity.
The full report is available at www.chartpoppers.com
Chartpoppers.com is a market research and investment commentary provider. Chartpoppers.com aims to bring undervalued, up and coming companies into the sight of both experienced and non-experienced investors. We try to help investors, at whatever stage in their careers, to get a grasp on the necessary financial data that they need in order to make a educated investment decision. From our daily trading ideas to a in depth coverage of whatÂ’s going on in the markets, we are sure that chartpoppers.com is exactly what you need in order succeed.
For More information please visit us at www.chartpoppers.com
Chartpoppers.com Disclosure
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. ChartPoppers.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
CHARTPOPPERS.COM
Paul Marek
6047245332
info@chartpoppers.com
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