2009 Possible Sale
Starting on April 6, 2009, news reports began to surface that Beau Rivage's parent company MGM Mirage hired investment firm Morgan Stanley to assist the company in finding possible buyers for the Biloxi property and its cousin the MGM Grand in Detroit, Michigan. The Beau Rivage and MGM Grand Detroit are considered to be MGM Mirage's top performing properties and if sold could fetch a total of $1–$2 billion dollars which then would be used to lower MGM Mirage's debt load.
Read more about this topic: Beau Rivage (Mississippi)
Famous quotes containing the word sale:
“I hate this shallow Americanism which hopes to get rich by credit, to get knowledge by raps on midnight tables, to learn the economy of the mind by phrenology, or skill without study, or mastery without apprenticeship, or the sale of goods through pretending that they sell, or power through making believe you are powerful, or through a packed jury or caucus, bribery and “repeating” votes, or wealth by fraud.”
—Ralph Waldo Emerson (1803–1882)