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
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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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.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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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.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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