RSS 2.0 FeedVol. 3, No. 6, June 2007, Tumbling Dice
MGM to invest in M Resort
MGM Mirage announced last week that it will partner with Anthony Marnell III in the development of M Resort, an 80-acre casino-resort on Las Vegas Boulevard about 10 miles south of Bellagio.
The company has agreed to finance $160 million in the $1.8 billion project.
“This is a huge validation of the location, design and master plan,” Marnell III said.
The first phase of the development will consist of 400 rooms and suites, a 100,000 square foot casino, a 70,000 square foot events center and a spa. The estimated cost of the first phase is $700 million.
Site work on the project is already underway, with construction work scheduled to begin shortly. The property is expected to open in 2009.
The company has agreed to finance $160 million in the $1.8 billion project.
“This is a huge validation of the location, design and master plan,” Marnell III said.
The first phase of the development will consist of 400 rooms and suites, a 100,000 square foot casino, a 70,000 square foot events center and a spa. The estimated cost of the first phase is $700 million.
Site work on the project is already underway, with construction work scheduled to begin shortly. The property is expected to open in 2009.
Greg Jones is managing editor of Casino Connection Nevada, as well as associate editor of Global Gaming Business magazine.
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