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The Chip Board Archive 04

Re: Very true Ross.
In Response To: Re: Very true Ross. ()

With Monte Carlo - Las Vegas, you can't tell the players without a scorecard ---

Monte Carlo was originally conceived as a joint venture between Mirage Resorts and Gold Strike LLP. (Wynn was CEO and major shareholder of Mirage, though it was a public company; Gold Strike was private company owned by a group of casino executives including Glen Schaffer, x-Circus Circus CFO). The idea was that Mirage would contribute the land (part of the old Dunes land) and Gold Strike would manage the property, because they knew more about managing mid-level casino-hotels. Joint venture was structured as 50/50 ownership. Before it was even built, Circus Circus Enterprises bought Gold Strike LLP, so when Monte Carlo opened, it was joint venture between Mirage and Circus Circus. Since then, Mirage has been bought by MGM (now called MGM Mirage), so Steve Wynn out of the picture; and Circus Circus Ent. has changed names to Mandalay Bay Ent. But still a 50/50 joint venture, and financially successful as a property.

Now was that more than you wanted to know about Monte Carlo's pedigree? grin

Messages In This Thread

For the LV natives
Plan for more than 1 day vbg
Re: Plan for more than 1 day vbg
Re: For the LV natives
Re: For the LV natives
Re: For the LV natives
Re: For the LV natives
Re: For the LV natives
Re: For the LV natives
Re: For the LV natives
Re: For the LV natives
Very true Ross.
Re: Very true Ross.
Re: Very true Ross.
Re: Very true Ross.
Cool! Thx Robert!!
Re: What new casinos will be open....
Re: What new casinos will be open....
Re: Thanks Everyone vbg
Re: For the LV natives
Re: From Experience....

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