ARCHIVED EDITION OF M LIFESTYLE    Volume 3 · Issue 3

ARCHIVED EDITION

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In This Archived Issue
A Corporate Marriage
Made in Heaven
In Search of The List
Hot Night Cool Fashion
Beyoncé & Beyond
Delicious!
Real Estate
The Rat Pack Years
Fit For A King
Movie Stars, Rock Stars and Me
     
A Corporate Marriage Made
 
 
 
MGM Grand
   
in Heaven - page 4
Story by Kathleen Foley

Q: What role will international resorts play in the company’s future?

A: We are currently underway on a 600-room resort/casino project in Asia called MGM Grand Macau, which will be located on a prime waterfront site. We’re also investigating the possibility of developing a resort in Singapore.

Q: It seems that MGM MIRAGE is redefining itself as a development company with interests in many other kinds of businesses, including land development, office, and residential. Is that how you see the company evolving over the next few years?

A: I do. There’s no doubt we will remain a gaming company at our core, but we’re leading an evolution of the gaming business in Las Vegas. Our business model has been evolving over the last 10 years to become more balanced between gaming and non-gaming. In fact, at the end of last year, the company posted more revenue from its non-gaming interests than its gaming interests. If you think of it that way, it’s only logical that capital expenditures will follow that same path going forward. We’ve spent over a billion dollars in the last few years to improve our properties, but we haven’t added a single slot machine or gaming table. That money has built better restaurants, better lounges, better theaters, better rooms, and better public spaces. The next generation of development, ushered in by Project CityCenter, will result in a much more diversified income stream for the company, which will make us stronger and more secure.

Q: On a personal note, do you have a favorite property or restaurant? When out-of-town guests visit, where do you take them?

A: Like any good parent, I love all our children equally, so it’s hard to single out any one place. However, I have to say my favorite restaurant is Shibuya at MGM Grand, because I love the space and the atmosphere, and I love Japanese food.

Q: With all the hotels your company controls on The Strip, do you ever feel like you’re playing a life-sized game of Monopoly?

A: When I’m at work, I can’t afford to play games, but I do love Monopoly and I play it most weekends with my two, young sons. I think I have the best job in the world, and I feel blessed to work here.

 
     
 
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