MGM MIRAGE LOOKING FOR BARGIN

July 30, 2001 8:53 PM
by

share

MGM MIRAGE has announced its in discussions to acquire Emerald Casino, Inc. in a proposed merger.

MGM, before proceeding with any further negotiations, is seeking the views of the Illinois Gaming Board.

Emerald is seeking to develop a casino in the Rosemont Illinois area, a suburb of Chicago.

We are certainly aware that the Emerald project has been a matter of significant concern in Illinois,” said Terry Lanni, chairman and CEO of MGM MIRAGE. “We look foreword to further consulting with the Administrator of the Illinois Gaming Board and to consulting with the Board itself concerning our interest in Emerald.”