MGM Mirage Creates Global Gaming Division

MGM Mirage Hospitality has formed MGM Mirage Global Gaming Development, a new division that will focus on expanding MGM Mirage Hospitality into new markets internationally with luxury resorts, both with and without gaming. The division’s president will be Lloyd Nathan, who has been with the company since 2002. Nathan most recently held the position of executive vice president & managing director of MGM Mirage International, based in Hong Kong. He is also a practicing attorney specializing in international transactions. Educated at the London School of Economics and the Law Society of England’s College of Law, he is both a California-licensed attorney and a solicitor of the Supreme Court of England and Wales. MGM Mirage is developing major casino and non-casino resorts, separately and with partners, in: Las Vegas; Atlantic City, N.J.; the People’s Republic of China; and Abu Dhabi, U.A.E. MGM Mirage Hospitality’s initial international gaming project is the recently-announced MGM Grand Ho Tram in Vietnam, to be owned and developed by Asian Coast Development Ltd. and managed by MGM Mirage Hospitality. According to the American Gaming Association, in 2006, the latest year for which figures are available, gross gaming revenue at commercial casinos in the U.S. was $34.11 billion, while Indian casinos had gross gaming revenues of an additional $25.08 billion. MGM Mirage owns and operates 17 properties in Nevada, Mississippi and Michigan and has 50 percent investments in four other properties in Nevada, New Jersey, Illinois and Macau.