Archive for February, 2011
Fourth-Quarter Loss Narrows for MGM Resorts
In the fourth quarter, MGM Resorts International says it narrowed its loss, though the company saw casino revenue and room revenue decline. Billionaire Kirk Kerkorian is a major investor in the casino operator. He said that during the quarter, the casino operator had a loss of $139 million, or 29 cents a share, compared with [...]
16 Acres of Downtown Bought by Cleveland Casino
For 16 acres of downtown, the developer of Cleveland’s casino agreed to pay 85 million dollars. Dan Gilbert’s Rock Ohio Ceasars Cleveland plans to build the casino between Tower City and the Cuyahoga River. Forest City is the one, which is selling the land. In totality, the alleged price of the land is $85 million. [...]