Issue 182
March 8 - 14, 2004
Volume 4
page 2
 

MGM MIRAGE Named Fortune Magazine's 'Most Admired' Casino Resort Company

LAS VEGAS -- Fortune Magazine has named MGM MIRAGE one of "America's Most Admired Companies" in its annual survey of companies with large U.S. operations.

MGM MIRAGE outscored all competitors in the "Most Admired" Hotels/Casinos/Resorts category. Overall, MGM MIRAGE ranked second in the Hotels/Casinos/Resorts category after Marriott International, a non-casino hotel resort company.

MGM MIRAGE has been named to Fortune's "America's Most Admired Companies" industry list each year since the merger of MGM Grand, Inc. and Mirage Resorts, Inc. created MGM MIRAGE in 2001. In both 2002 and 2003, MGM MIRAGE also outscored all competitors and ranked second in the category after Marriott International.

"We are very pleased to once again be named our industry's top hotel casino resort company in this very prominent survey," said J. Terrence Lanni, Chairman and Chief Executive Officer of MGM MIRAGE. "This ranking reflects our company's sound business practices, long-term financial viability, and the quality and commitment of our 40,000 employees."

To identify "America's Most Admired Companies" for 2004, Fortune and its survey partner, the Hay Group, asked 10,000 executives, directors and securities analysts to select the 10 largest companies they admire most in their industry, based on eight criteria. Criteria included: innovation, financial soundness, employee talent, quality of management, use of corporate assets, long-term investment, social responsibility, and quality of products/services.

In a 2003 survey, Fortune Magazine named MGM MIRAGE one of "America's 50 Best Companies For Minorities."

 

 

 


Prime Minister expected to support
Eilat casino
As reported by The Israel Business Arena

Hebrew daily "Yediot Ahronot" reports that a casino will be opened in Eilat within 18 months, at the recommendation of Prime Minister's Office director-general Avigdor Yitzhaki. Prime Minister Ariel Sharon is expected to support the plan and the Ministry of Finance also supports establishing a legal casino in Eilat.

Pressure has been increasing lately to establish a legal casino in Israel, in view of the popularity of illegal gambling and the flood of Israelis to casinos around the world, including at Taba, in Sinai, outside Eilat.

Tax authorities believe there are scores of illegal casinos in Israel, especially in the Dan region, costing hundreds of millions of shekels a year in lost tax revenues.

Another reason for establishing a casino in Eilat is to encourage domestic tourism in the city. There is concern that the tourism crisis, caused by the security situation, is liable to cause Eilat to lose a major share of the domestic tourism market, unless a casino is established in the city. Senior officials in the Prime Minister's Office believe that the establishment of a legal casino under state supervision will encourage Israelis to take holidays in Eilat.

It is still unclear who would operate the casino, if the cabinet approves it. Possibilities include Mifal Hapayis - Israel National Lottery, the Toto sports lottery, foreign or Israeli investors.


Consumer gambling magazine
to launch
As reported by The Herald

UK - This week sees the launch of a new glossy lads' magazine called Inside Edge, from the publishers of Maxim. It will, it claims, teach its readers to "turn the odds in their favour" to beat the bookies. Editor James Hipwell says: "The whole culture of gambling in the UK is about to change and we think our readers will be savvy gamblers who want to bet more skilfully, using their knowledge, not luck.

"Online gambling in the past two years has also allowed for much easier access to betting, while at the same time the image has totally changed. This is a high-tech, high-revenue industry which is only going to get bigger, and I would like to think people buying the magazine can't really lose."

Mamma Mia!
Rod Stewart

Hard Rock Hotel and Casino: Rod Stewart, a legendary singer widely known for his rooster cut and unique style, performs at the Hard Rock Hotel and Casino.

Date: March 20, 2004

Price: from $300

Time: 8:00pm

 

For more information please call: (702) 693-5066

 
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