MGM Hints Ties With Arum May Be Over

[paulf]

These are all grown multi million dollar business men who should know how to conduct themselves without baby sitters to make sure both parties are doing the right thing. The mgm messed up big time and if anything THEY are the ones who burned bridges not only with top rank but with Tecate beer who gives them Millions for promotion only for the mgm to splash Corona ads during the week of pac/Bradley.

The MGM has a longstanding relationship with Mayweather. Arum tried to cut them off by booking at the same venue a few weeks before, and assumed it would lead to the MGM not promoting Floyds fight until after Pacquiao's was over. Didn't happen; his plan backfired, and it turned out his bout was the one whose promotion got diluted.

MGM isn't losing out on anything. If TR takes their fights to the T&M center, the only one getting ****ed over is the fans, because that's a garbage ass place to watch a fight.

[Mitchell Kane]

his ship seems be dying fast they were gbp equal but not so much now and its only getting worse

Top Rank has a longer and better track record of creating stars...and so, in the long run, I'd take the odds of Top Rank (through HBO) developing their fighters (as long as they can retain them)...with guys like Oscar Valdez, Zou Shiming, Jesse Magdaleno, Felix Verdejo et al. over what GBP is doing.

And the people talking about the landscape right now, and reducing this to a Pac/Mayweather discussion are foolish...because neither is going to be around all that much longer.

I'd put my money on Top Rank being in a better position than GBP in three years.

[mathed]

MGM owns the Luxor too.

Arum picked the wrong company to berate in public. He should have handled it professionally, behind closed doors.

They own like 5 hotels or something.....there are some big boys they have no impact on...a rival hotel, any rival hotel that starts to promote fights will put a dent in their game as they only utilize the MGM to make bank off of PPV boxing matches.

They don't own the Venetian, the Palazzo, Ceasar's Palace, Palms, Mandarin, Trump International, 4 Seasons, Weston, etc. MGM isn't the only game in town.

[Mitchell Kane]

What's the latest on the All Net Arena and Resort? December 2016 is the target date...and the location would be much closer to Wynn.

http://www.cuningham.com/projects/theme-parks-entertainment

All Net Arena and Resort

Las Vegas, Nevada

Cuningham Group is designing the next major attraction on the Las Vegas Strip—the new $1.3 billion All Net Arena and Resort. The 27-acre project is scheduled to break ground in spring of 2014 with a planned opening in December of 2016.

Located between SLS Las Vegas Hotel Casino and the Fontainebleau, the world class arena will feature four levels, a total of 862,500 square feet, a classic restaurant and night club, 75 luxury box suites, and a retractable roof. Seating capacity will accommodate 22,000 for basketball; 21,600 for hockey, boxing and rodeo; and 22,800 for concerts and conventions.

A unique element planned for the complex is Victory Plaza, a 300,000-square-foot promenade that will lead visitors from Las Vegas Boulevard through lush landscaping, fine dining and retail, as well as outdoor seating, staging and water features. The Plaza is designed to change themes for specific events, activities, holidays and celebrations. A luxurious boutique Five-Star Spa Hotel with 500 specialty suites will round out the attraction’s major amenities.

[A-Wolf]

Incorrect.

Number of non-MGM hotels in Las Vegas that have an arena of at least 10,000 seats: ZERO.

But he can go to any hotel he wants as long he's happy with that armpit Thomas & Mack.

And even if they did MGM owns most of the strip. Bob is ****ing with some powerful people.

MGM resorts in Las Vegas:

Bellagio
CityCenter (50% joint venture with Dubai World)
Aria Resort & Casino
Harmon Hotel and Spa
Veer Towers
The Crystals
Vdara
Mandarin Oriental
The Mirage
Luxor
Mandalay Bay
THEhotel at Mandalay Bay
MGM Grand Las Vegas
The Signature at MGM Grand
Skylofts at MGM Grand
The Mansion at MGM Grand
Monte Carlo
Hotel 32
New York-New York
Excalibur
Circus Circus
Slots-A-Fun Casino
Elsewhere in Nevada

[A-Wolf]

The "MGM Army" he ain't lyin.

[Mitchell Kane]

And even if they did MGM owns most of the strip. Bob is ****ing with some powerful people.

MGM resorts in Las Vegas:

Bellagio
CityCenter (50% joint venture with Dubai World)
Aria Resort & Casino
Harmon Hotel and Spa
Veer Towers
The Crystals
Vdara
Mandarin Oriental
The Mirage
Luxor
Mandalay Bay
THEhotel at Mandalay Bay
MGM Grand Las Vegas
The Signature at MGM Grand
Skylofts at MGM Grand
The Mansion at MGM Grand
Monte Carlo
Hotel 32
New York-New York
Excalibur
Circus Circus
Slots-A-Fun Casino
Elsewhere in Nevada

http://calvinayre.com/2014/04/15/business/5-year-outlook-for-the-big-three-wynn-las-vegas-sands-mgm/

Weaknesses: MGM is bleeding cash now because of its large debt $13.5B debt load. Interest expense on that debt was $857M in 2013, accounting for its 2013 loss of $157M despite nearly $10B in revenue. This company can’t even handle low interest rates, let alone high ones. Though some of its debt is fixed rate, not nearly enough of it is, and high interest rates will fleece MGM, as admitted in its 10-K (page 14).

[RisAri0]

I guess this puts a nail in the coffin for manny vs floyd

[southpaw_07]

this is probably a case where Bob's wife forgot to change his diapers since the morning, diapers filled with pee , his a$$ burning from the urine and thus acted like a pissed off baby..

[A-Wolf]

http://calvinayre.com/2014/04/15/bus...gas-sands-mgm/

Weaknesses: MGM is bleeding cash now because of its large debt $13.5B debt load. Interest expense on that debt was $857M in 2013, accounting for its 2013 loss of $157M despite nearly $10B in revenue. This company can***8217;t even handle low interest rates, let alone high ones. Though some of its debt is fixed rate, not nearly enough of it is, and high interest rates will fleece MGM, as admitted in its 10-K (page 14).

And? Are they going out of business or something?

Don't count on it.