Aria Resort & Casino News - Page 17

The non-gaming hotel at mega resort CityCenter is touting its top amenities and service.

MGM Mirage's multibillion project was on the verge of bankruptcy in March and required hundreds of consultants plus cool heads in corporate.

Thousands of job seekers converged on Green Valley Ranch Resort Tuesday afternoon for a chance at one of 14,000 job openings.

The CityCenter resorts received between 5,000 and 6,000 inquiries into potential reservations after it was announced the project would be completed.

When MGM Mirage and its partner Dubai World almost missed a payment on CityCenter in March, the art was already paid for.

More than 200 aluminum boats — canoes, rowboats and flat-bottomed boats — make up the wild bouquet of color and shape in CityCenter sculpture.

The MGM Mirage Chairman and CEO worked overtime to help save the $8.5 billion CityCenter project.

Analysts say that although MGM Mirage has rescued its CityCenter project, it still could face potential bankruptcy.

MGM Mirage and Dubai World have agreed to a comprehensive plan to fully fund and complete the $8.5 billion CityCenter development.

The general contractor of the MGM project has not yet resolved numerous construction deficiencies cited by inspectors.

MGM Mirage will attempt to repair its relationship with CityCenter partner Dubai World before Friday's due date.

Dubai World pressing MGM Mirage and CityCenter's bank lenders for a commitment that would allow the project to be completed without fear of bankruptcy.

MGM Mirage's talks to obtain a $750 million loan from Colony Capital have been put on hold as they negotiate with banks.

The Australian-based company denied reports that it planned to invest in the $8.7 billion CityCenter development.

News brief: The Australian-based gambling company is weighing a stake in the $8.6 billion Las Vegas development.

There have been reports that Colony Capital might be the financial savior of the $8.7 billion CityCenter development.

Colony Capital, owner of the Las Vegas Hilton and 75.9 percent of Station Casinos, could help the financially troubled CityCenter.

The financially troubled casino giant has until the end of April to either proceed with the $8.7 billion CityCenter development or cut its losses.

A Vegas economist said the unemployment rate in Southern Nevada would increase 1 percent if there was any long-term disruption to building the $8.7 billion CityCenter development.

The $8.7 billion project's 8,500 construction workers remain employed after MGM Mirage made a $200 million debt payment.