Mandalay Resort Group
From Academic Kids
Mandalay Resort Group Template:NYSE is a hotel-casino operator based in Las Vegas , Nevada . Its major properties include Mandalay Bay , Luxor , Excalibur and Circus Circus , as well as half of the Monte Carlo . In terms of market capitalization, it is one of the largest casino operators in the world. It was formerly known as Circus Circus Enterprises .
History
On June 4 , 2004 , one of Mandalay Resort Group's largest competitors, MGM Mirage , announced a bid to acquire it for $68 per share plus assumption of debt. The stock closed at $60.27 per share on June 4. Although the proposal was announced after the close of trading on June 4, the volume of trading in Mandalay Resort Group stock on that day was quadruple the normal, with the stock closing at $60.27 per share. The ensuing negotiations between the two companies included at one point an announcement that the Mandalay board was rejecting the offer because of antitrust concerns. On June 15 , 2004, however, both companies' boards approved a revised offer of $71 per share. The agreement called for MGM Mirage to pay $4.8 billion and to assume $2.5 billion in debt.
The transaction was completed on April 26 , 2005 for $7.9 billion.
Hotels and Casinos
Circus Circus , Las Vegas , Nevada
Circus Circus Reno , Reno, Nevada
Colorado Belle , Laughlin, Nevada
Edgewater , Laughlin, Nevada
Excalibur , Las Vegas , Nevada
Gold Strike , Jean, Nevada
Gold Strike Resort , Tunica, Mississippi
Grand Victoria , Elgin, Illinois
Luxor , Las Vegas , Nevada
Mandalay Bay , Las Vegas , Nevada
Monte Carlo , Las Vegas , Nevada
Motor City Casino , Detroit, Michigan
Nevada Landing , Jean, Nevada
Railroad Pass , Henderson, Nevada
Silver Legacy , Reno, Nevada
External link
Navigation
Information
Home Page (http://academickids.com/encyclopedia/index.php )
New Articles (http://www.academickids.com/encyclopedia/index.php/Special:Newpages )
Contact Us (http://www.academickids.com/encyclopedia/index.php/Contactus )
Academic Kids Menu
Art and Cultures (http://www.academickids.com/encyclopedia/index.php/Art_and_Cultures )
Art (http://www.academickids.com/encyclopedia/index.php/Art )
Architecture (http://www.academickids.com/encyclopedia/index.php/Architecture )
Cultures (http://www.academickids.com/encyclopedia/index.php/Cultures )
Music (http://www.academickids.com/encyclopedia/index.php/Music )
Musical Instruments (http://academickids.com/encyclopedia/index.php/List_of_musical_instruments )
Biographies (http://www.academickids.com/encyclopedia/index.php/Biographies )
Clipart (http://www.academickids.com/encyclopedia/index.php/Clipart )
Geography (http://www.academickids.com/encyclopedia/index.php/Geography )
Countries of the World (http://www.academickids.com/encyclopedia/index.php/Countries )
Maps (http://www.academickids.com/encyclopedia/index.php/Maps )
Flags (http://www.academickids.com/encyclopedia/index.php/Flags )
Continents (http://www.academickids.com/encyclopedia/index.php/Continents )
History (http://www.academickids.com/encyclopedia/index.php/History )
Ancient Civilizations (http://www.academickids.com/encyclopedia/index.php/Ancient_Civilizations )
Industrial Revolution (http://www.academickids.com/encyclopedia/index.php/Industrial_Revolution )
Middle Ages (http://www.academickids.com/encyclopedia/index.php/Middle_Ages )
Prehistory (http://www.academickids.com/encyclopedia/index.php/Prehistory )
Renaissance (http://www.academickids.com/encyclopedia/index.php/Renaissance )
Timelines (http://www.academickids.com/encyclopedia/index.php/Timelines )
United States (http://www.academickids.com/encyclopedia/index.php/United_States )
Wars (http://www.academickids.com/encyclopedia/index.php/Wars )
World History (http://www.academickids.com/encyclopedia/index.php/History_of_the_world )
Human Body (http://www.academickids.com/encyclopedia/index.php/Human_Body )
Mathematics (http://www.academickids.com/encyclopedia/index.php/Mathematics )
Reference (http://www.academickids.com/encyclopedia/index.php/Reference )
Science (http://www.academickids.com/encyclopedia/index.php/Science )
Animals (http://www.academickids.com/encyclopedia/index.php/Animals )
Aviation (http://www.academickids.com/encyclopedia/index.php/Aviation )
Dinosaurs (http://www.academickids.com/encyclopedia/index.php/Dinosaurs )
Earth (http://www.academickids.com/encyclopedia/index.php/Earth )
Inventions (http://www.academickids.com/encyclopedia/index.php/Inventions )
Physical Science (http://www.academickids.com/encyclopedia/index.php/Physical_Science )
Plants (http://www.academickids.com/encyclopedia/index.php/Plants )
Scientists (http://www.academickids.com/encyclopedia/index.php/Scientists )
Social Studies (http://www.academickids.com/encyclopedia/index.php/Social_Studies )
Anthropology (http://www.academickids.com/encyclopedia/index.php/Anthropology )
Economics (http://www.academickids.com/encyclopedia/index.php/Economics )
Government (http://www.academickids.com/encyclopedia/index.php/Government )
Religion (http://www.academickids.com/encyclopedia/index.php/Religion )
Holidays (http://www.academickids.com/encyclopedia/index.php/Holidays )
Space and Astronomy (http://www.academickids.com/encyclopedia/index.php/Space_and_Astronomy )
Solar System (http://www.academickids.com/encyclopedia/index.php/Solar_System )
Planets (http://www.academickids.com/encyclopedia/index.php/Planets )
Sports (http://www.academickids.com/encyclopedia/index.php/Sports )
Timelines (http://www.academickids.com/encyclopedia/index.php/Timelines )
Weather (http://www.academickids.com/encyclopedia/index.php/Weather )
US States (http://www.academickids.com/encyclopedia/index.php/US_States )
Advertisement
