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MGM Resorts International Message Board

  • ranni.malmsteen ranni.malmsteen Sep 2, 2010 5:52 AM Flag

    Notable facts!

    "J. Terrence Lanni:
    Project CityCenter will not only represent an enormous opportunity for growth and increased value for your company, it will lead the way in redefining Las Vegas for generations to come."

    "J. Terrence Lanni:
    What if... we create a new era in development for Las Vegas, and change the way we think about this city forever? We can, if we assemble a team of the greatest architects and urban planners in the world."


    "Jim Murren:
    Project CityCenter represents the culmination of everything we have learned as developers, operators and financial engineers. With Project CityCenter, we are leveraging the ultimate intangible asset for a real estate developer—location—into a growth project with compelling consequences, while generating a return on investment superior to a resort-only development."

    "Jim Murren:
    What if... we hired the best of the best? Our management team consists of the best and brightest leaders in the industry."

    "Jim Murren:
    What if... you could turn the supply-demand equation on its head? Recently, you may have heard rumblings about over-building on the Las Vegas Strip. I’ve been around this industry for 22 years, and I can’t tell you how many times I’ve heard that the Las Vegas Strip is over-developed or at risk for overdevelopment. Let me make it clear that we are not only comfortable with anticipated supply developments but excited about them."


    Shareholder "value creation", since these statements -78%
    http://finance.yahoo.com/q/bc?s=MGM&t=5y&l=on&z=l&q=l&c=

    More humorous statements @ -Annual Report 2005
    http://acct.tamu.edu/giroux/MGM2005_AR.pdf

 
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