MGM MIRAGE Company Description
It's not your imagination -- MGM MIRAGE is one of the world's largest gaming firms. The company's 20 partially or wholly owned properties include Las Vegas' MGM Grand, Luxor, Bellagio, The Mirage, New York-New York, and the Monte Carlo. It also owns casinos elsewhere in Nevada (Reno, Jean, and Henderson), as well as in Illinois (50%-owned), Michigan, and Mississippi. In addition, the company operates the Borgata casino in Atlantic City through a joint venture with Boyd Gaming. MGM MIRAGE shot to the top of the gaming world in 2005 when it acquired rival Mandalay Resort Group for $7.9 billion. However, Harrah's surpassed MGM MIRAGE after it merged with Caesars. Founder Kirk Kerkorian owns about 40% of the firm.
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The Company Description provides a historical perspective of MGM MIRAGE's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of MGM MIRAGE's evolution in the marketplace.
