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Select Hotel Casinos Owned By MGM MIRAGE To Be Sold To Group


MGM MIRAGE (NYSE: MGM) announced today that it has entered into an agreement to sell its Colorado Belle and Edgewater hotel-casinos located in Laughlin, Nevada, to a group led by Anthony Marnell III for $200 million. The transaction is subject to customary closing conditions contained in the purchase agreement, including receipt of all necessary regulatory and governmental approvals. Both parties anticipate the transaction to be completed by the second quarter of 2007.

Upon successful completion of the transaction, MGM MIRAGE expects to report a substantial gain. MGM MIRAGE acquired these properties in April 2005 as part of its acquisition of Mandalay Resort Group. On a combined basis, these two properties feature 2,535 guest rooms, 138,000 square feet of casino space, 2,224 slot machines and 72 gaming tables on a combined 57 acres of land along the Colorado River.

Anthony Marnell III is the Chairman and CEO of M Resorts. Marnell and his management team are partnered with Sher Gaming, LLC,

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I've heard of terms such as Muck, what does it mean?

All raffle tickets, with the exception of double admission tickets, must contain: Name of organization, Ticket number, Price of the ticket; Prizes; Licensing authority (Attorney General's office or local city or county) and license number, Statement that the person is not required to be present to win; Date and time of the drawing, Location and street address of the drawing; and A statement that the ticket is not a charitable donation. If applicable, the ticket must also disclose whether sales are restricted to persons of a minimum age, whether prizes require a title transfer, and whether the winning player is or is not liable for sales or use tax on the prize.
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No Limit Poker

Definition:Poker that has no maximum betting limit.

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