Casinos & Gaming
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In a way, Felix Rappaport was sent home in October. MGM Resorts International installed Rappaport as president of The Mirage last fall, which was part of a series of property management changes at the company’s resorts along the Strip.
Slot machine giant International Game Technology will seat a reconfigured board of directors next month, with many of the members having little experience within the gaming industry.
Golden Gate owners have taken advantage of the prolonged economic downturn to give the 105-year-old downtown hotel-casino a face-lift, repositioning the property as a boutique hotel on Fremont Street. Their latest project is a high-definition surveillance system for the casino.
CityCenter condominium sales, once anticipated to be a $2.7 billion venture, brought in $490 million in 2010, according to MGM Resorts International’s year-end financial release. The 67-acre Strip development has three high-rise residential developments: Mandarin Oriental, Vdara and Veer Towers.