MGM Mirage Shopping a Pair of Casinos
April 4, 2009 by Stephen Kersey
Filed under Business
MGM Mirage, one of the world’s largest casino operators, is considering selling two of their casino properties. According to a report by the Wall Street Journal, those properties are the Beau Rivage and the MGM Grand Detroit Casino Resort.
Beau Rivage (Image: Flickr)
The reason MGM Mirage is considering selling those two casinos is related to financial troubles. Without a growing amount of debt, the company is looking to infuse some cash into their business. Additionally, with the recession in the United States and around the globe, MGM Mirage isn’t making nearly as much money as it did in previous years.
The Beau Rivage is located in Biloxi, Mississippi. It originally opened in 1999 but was seriously damaged by Hurricane Katrina. After nearly a year of construction, the Beau Rivage opened its doors once again in 2006. A giant structure, the casino is currently Mississippi’s tallest building.
The MGM Grand Detroit Casino Resort opened in October of 2007. It has more than 400 rooms and more than 75,000 feet of gaming space. The casino resort is regarded by many as the best of its kind in the United States outside of the city of Las Vegas.
