There is little mention about their Macau Casinos, except on the Dec. 18 opening of the $1.25 billion MGM Grand Macau, a 50% joint venture in the Chinese gambling enclave of Macau, which had preopening and start-up expenses in the 2007 quarter of $25 million related to the preopening expenses at MGM Grand Macau. It also recently obtained funding for what Lanni called “seed money” for a second project on Macau’s Cotai Strip.

Casino giant MGM Mirage Inc. reported soaring fourth-quarter profits Thursday, including a hefty gain related to its CityCenter project under construction on the Las Vegas Strip.The world’s second-largest casino company said net income surged to $872.2 million, or $2.85 per share, in the period ending Dec. 31, compared with $201.6 million, or 69 cents per share, in the same period in 2006.

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The efforts by MGM Mirage to open a casino halfway around the world have led to a review of whether there’s a conflict of interest within the New Jersey Division of Gaming Enforcement.

For nearly three years, the division has been conducting an investigation into MGM’s partner in the Chinese enclave of Macau. The partner, Pansy Ho, is the daughter of gambling magnate Stanley Ho, who for decades has been suspected of having connections to the Chinese mob.

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The US based entertainment firm MGM Mirage and Dubai World could make joint investments in Macau and the mainland, according to MGM’s Chairman and CEO Terry Lanni and cited by the Financial Times.

Lanni, who has just seen MGM open MGM Grand Macau, its first casino in Macau, said the projects would be ‘non-gaming’.

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Gaming giant MGM Mirage on Tuesday raised the curtain on its only casino resort outside the United States with a glitzy opening ceremony in the world’s biggest gambling hub of Macau.

MGM Grand Macau, half-owned by MGM Mirage and half by Pansy Ho, daughter of the original Macau casino mogul Stanley Ho, joins its rivals in trying to attract the hordes of Chinese gamblers from across the border.

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MGM Mirage said yesterday it was unconcerned about the overcapacity of hotels and casinos in  Macau, a day before it opens its casino. MGM Mirage chief executive officer Terry Lanni also dismissed fears about rising construction costs as foreign companies poured in billions of dollars into building casinos and hotels to tap the booming gaming market.

MGM Grand Macau on “The Strip”

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Managing director of MGM Grand Macau, Pansy Ho, said during the pre-opening press conference yesterday that the new hotel resort would create a healthy competition among the neighbouring entertainment venues.

Media from Macau, Hong Kong, China and other overseas countries were invited for an exclusive preview of the 35-storey hotel tower which is due to open on December 18 in Nape.

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In preparation for the MGM Grand Macau 18 December 2007 what surely will be a blistering Grand Opening, MGM Mirage has just launched their beautiful and sensational Macau website. To wet your appetite here are some screen shoots:

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Casino developer MGM Mirage Inc. said Monday it would open its debut property in the Chinese gambling destination of Macau on Dec. 18.

The $1.25 billion (EUR850 million) project is a joint venture with Pansy Ho, daughter of Hong Kong billionaire Stanley Ho, an gambling industry veteran.

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