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:
“People buy their necessities in shops and have to pay dearly for them because they have to assist in paying for what is also on sale there but only rarely finds purchasers: the luxury and amusement goods. So it is that luxury continually imposes a tax on the simple people who have to do without it.”
—Friedrich Nietzsche (1844–1900)