Kerkorian may purchase more MGM Grand shares

Article Abstract:

MGM Grand Inc. Chairman Kirk Kerkorian announced that he may acquire more shares in the casino company following MGM Grand's earlier purchase of six million of its own shares. The latest acquisition increases Kerkorian's 62.5% stake in MGM Grand to 69.7%. Kerkorian reported that he would either make the future purchase personally or through his closely held Tracinda Corp. The purchases follow several months of lower-than-expected earnings of MGM Grand. Wall Street observers said the declining earnings could be indicative of the casino industry in Las Vegas, NV, because of overbuilding in the area.

Comment:

Chairman Kirk Kerkorian says he may acquire more shares in the company following an earlier purchase of 6 mil of its own shares

MGM Grand Inc., Article

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Private funds show interest in WTC site

Article Abstract:

The Freedom Tower, World Trade Center, New York, New York is on the block says the Port Authority of New York and New Jersey. The Port Authority is shopping for buyers or investors in the architecture valued at $3 billion. Also, development rights to one of the skyscrapers planned for the project is being touted to J.P. Morgan Chase and Co. of the United States.

Financial management, Facilities & equipment, Scientific Research and Development Services, New York, Development, Finance, Buildings and facilities, Real estate development, Port Authority of New York and New Jersey, Company financing, World Trade Center Site (New York, New York)

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Developers bet on red: casino planned for Vietnam

Article Abstract:

A group of developers from Canada and the United States plan to build a casino resort on an isolated beach in Vietnam, pending Vietnamese government approval. Lack of gambling regulations has so far discouraged large gambling companies from locating in Vietnam.

Canada, Land Subdivision and Land Development, Subdividers & Developers, Subdividers and Developers, Coin-operated amusement devices, Vietnam, Planning, Real estate developers, Resorts, Company business planning

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