MGM MIRAGE Prices $475 Million in Senior Unsecured Notes
LAS VEGAS, Sept. 18 /PRNewswire-FirstCall/ — MGM MIRAGE (NYSE: MGM) announced today that, on September 17, 2009, it priced a private offering of $475 million principal amount of 11.375% Senior Notes due 2018 at a price of 97.396%. The transaction i
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Gambling casinos history:
- The El Rancho Casino & Hotel in Las Vegas was known for a few firsts. It was the first casino/resort on the Strip opening in 1941 with 63 guestrooms. It was also the first to offer a buffet. The cost of the buffet was only $1.00! The El Rancho burned down in 1960 and fortunately no one was hurt.
- Indian tribes have used their position as sovereign entities to develop a number of gaming establishments. Indian casinos operate in 22 states. This number is expected to grow.
- Charles Fey invented the first slot machine way back in 1895. He went on to perfect his initial innovation in 1907, when he teamed with Mills Novelty Company who manufactured the "Mills Liberty Bell".
- The current wave of legal lotteries started in New Hampshire, spread to other North-Eastern states, and then across the nation.
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