April 2009
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It now looks like MGM Mirage will be taking bids on the Beau Rivage.
A representative for MGM Mirage told FOX5 Tuesday the company had asked Morgan Stanley to consider any incoming bids for its properties, but did not comment on a possible deadline reported in the New York Post.
MGM would not comment on that report, but it is accepting bids for non-Vegas properties including the MGM Grand Detroit, the Beau Rivage in Biloxi, Miss., and Gold Strike in Tunica, Miss.
I will keep everyone updated when we were hear more. I wonder if a local company will try to purchase it…
Written by admin on April 29th, 2009 with no comments.
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That is the question we are hearing a lot of people asking. If you haven’t heard, MGM Mirage is having some financial issues and where exploring options of selling some of their casinos.
MGM Mirage has tapped Morgan Stanley to help with the possible sales of MGM Grand Detroit and Beau Rivage in Biloxi, Miss., according to The Wall Street Journal. Las Vegas-based MGM Mirage may receive between $1 billion and $2 billion for the properties, the report said.
We haven’t heard too much about an official sale, so as of right now it looks like a possibility. More information coming soon..
Written by admin on April 27th, 2009 with no comments.
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