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So who won the over/under on the Monte Carlo reopening?

 
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Kurt Ullman

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Since: Mar 22, 2006
Posts: 497



(Msg. 1) Posted: Sat Feb 09, 2008 1:56 pm
Post subject: So who won the over/under on the Monte Carlo reopening?
Archived from groups: alt>vacation>las-vegas (more info?)

Monte Carlo Hotel to Reopen Friday, February 15
Friday February 8, 7:58 pm ET
Round-the-Clock Effort Will Have Hotel Ready To Welcome Customers for
Presidents' Day Weekend

LAS VEGAS, Feb. 8 /PRNewswire-FirstCall/ -- MGM MIRAGE (NYSE: MGM -
News) announced today that the Monte Carlo Hotel will reopen its doors
for customers on Friday, February 15.

Monte Carlo President and COO Anton Nikodemus announced the news,
saying, "After what can only be described as an incredible effort by the
best team of employees and contractors in the business, the Monte Carlo
family will be in place February 15 to welcome guests for Presidents'
Day weekend."

Monte Carlo plans to open with no fewer than 1,200 guest rooms available
and management anticipates an additional 1,300 rooms will become
available by February 22. The remaining 500 rooms in Monte Carlo's
normal 3,000-room inventory are located on the upper floors and will
remain out of service while undergoing more extensive redesign.

The majority of guest services will open on February 15, including the
Monte Carlo Casino, meeting and convention facilities, the wedding
chapel and the Spa & Salon Monte Carlo. All food and beverage outlets
will open on the 15th, with the exception of the buffet and the Monte
Carlo Brew Pub, which will open as business demands, but no later than
the 22nd. Most retail outlets will open February 15, with all opening no
later than the 22nd.

Master Magician Lance Burton will resume his long-running show February
15, in the 1,200-seat Lance Burton Theater.

Remediation work continues both inside and outside the hotel, which was
evacuated and temporarily closed January 25, after a fire damaged
portions of the building's exterior facade. Clark County firefighters,
supported by emergency personnel from around the valley, quickly
extinguished the blaze. Fire suppression efforts caused water damage to
a number of guest rooms and suites.

Approximately 5,000 guests and 1,000 employees were safely evacuated
from the hotel with no serious injuries. Preliminary results of the
Clark County Fire Department's investigation have determined that
welding activity on the hotel roof started the fire. A total damage
figure has not yet been determined.

"Monte Carlo President Anton Nikodemus and the entire Monte Carlo team
are to be commended for their tireless efforts," said Bobby Baldwin,
President and CEO of CityCenter and Chief Design and Construction
Officer for MGM MIRAGE. "Without the leadership, dedication and
perseverance of these individuals, along with the professional support
of the entire MGM MIRAGE family, this rapid turnaround would not have
been possible. This accomplishment is no less than a testament to their
commitment -- both to our customers and to one another."

MGM MIRAGE (NYSE: MGM - News), one of the world's leading and most
respected development companies with significant holdings in gaming,
hospitality and entertainment, owns and operates 17 properties located
in Nevada, Mississippi and Michigan, and has 50% investments in four
other properties in Nevada, New Jersey, Illinois and Macau. MGM MIRAGE
is developing major casino and non-casino resorts, separately and with
partners in Las Vegas, Atlantic City, the People's Republic of China and
Abu Dhabi, U.A.E. MGM MIRAGE supports responsible gaming and has
implemented the American Gaming Association's Code of Conduct for
Responsible Gaming at its properties. MGM MIRAGE has received numerous
awards and recognitions for its industry-leading Diversity Initiative
and its community philanthropy programs. For more information about MGM
MIRAGE, please visit the company's website at http://www.mgmmirage.com.

Statements in this release which are not historical facts are "forward
looking" statements and "safe harbor statements" under the Private
Securities Litigation Reform Act of 1995 that involve risks and/or
uncertainties, including risks and/or uncertainties as described in the
company's public filings with the Securities and Exchange Commission.

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