MGM Mirage Bonds Gain

9 Sep 2004

LAS VEGAS – As reported by Bloomberg News: "Bonds of MGM MIRAGE, the third-biggest U.S. casino company, are rising on speculation an influx of visitors to Las Vegas will ease the burden of meeting any additional debt payments taken on in connection with its planned acquisition of Mandalay Resort Group.

"MGM MIRAGE's 6 percent notes maturing in 2009 rose almost 5 cents to 102 cents on the dollar since the Las Vegas-based company made a bid for Mandalay three months ago, according to Merrill Lynch & Co. In that time, company debt with MGM MIRAGE's BB credit ratings rose 2.6 cents to 105.7 cents on average.

"The number of travelers going to Las Vegas increased 6.5 percent in the first six months of 2004 from a year earlier, according to the Las Vegas Convention and Visitors Authority. MGM MIRAGE, owner of the Bellagio, The Mirage, and Treasure Island casinos, is buying Mandalay for about $4.8 billion to add properties including the Mandalay Bay and Circus Circus…'

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	MGM Mirage Bonds Gain 9 Sep 2004 <a href='https://ad.casinocity.com/adclick.php?n=a21efcd1'><img src='https://ad.casinocity.com/adview.php?what=-site:vendors/width:250/RON&n=a21efcd1' border='0' alt='' /></a> LAS VEGAS – As reported by Bloomberg News: "Bonds of MGM MIRAGE, the third-biggest U.S. casino company, are rising on speculation an influx of visitors to Las Vegas will ease the burden of meeting any additional debt payments taken on in connection with its planned acquisition of Mandalay Resort Group. "MGM MIRAGE's 6 percent notes maturing in 2009 rose almost 5 cents to 102 cents on the dollar since the Las Vegas-based company made a bid for Mandalay three months ago, according to Merrill Lynch & Co. In that time, company debt with MGM MIRAGE's BB credit ratings rose 2.6 cents to 105.7 cents on average. "The number of travelers going to Las Vegas increased 6.5 percent in the first six months of 2004 from a year earlier, according to the Las Vegas Convention and Visitors Authority. MGM MIRAGE, owner of the Bellagio, The Mirage, and Treasure Island casinos, is buying Mandalay for about $4.8 billion to add properties including the Mandalay Bay and Circus Circus…'