MGM MIrage Gains Settlement for Bellagio Outage

10.08.2004, Lesen Sie hier den Bericht über «MGM MIrage Gains Settlement for Bellagio Outage».

LAS VEGAS -- MGM MIRAGE said today it received a $6 million insurance settlement in the second quarter related to the power outage that shut down the company's Bellagio resort for more than three days.

That is a minimum settlement from insurers, which may make future payments to MGM MIRAGE, the company said in a quarterly report with the Securities and Exchange Commission. The company didn't disclose the total amount of losses incurred in the power outage. MGM MIRAGE also reported a gain of $1.1 million related to the sale or disposal of equipment that was damaged in the power outage, the filing said.

As of today, the company hasn't yet received the results of an independent analysis of the power outage it commissioned after the incident. Company officials say they still don't know the exact cause of the outage, which happened when some main power cables feeding the resort failed suddenly.

The results of an inspection by county building officials revealed that the outage was caused by the degradation of material used to connect power cables running alongside the resort. County officials say they don't know why the material degraded, though they don't believe it was related to an overt defect or human tampering.

Über MGM Grand Hotel and Casino:

Das MGM Grand gehört zu den grössten Hotels der Welt. Der Hotelkomplex besitzt 5'044 Hotelzimmer und ist direkt mit dem Casino verbunden.

Das Casino ist mit seinen 15'930 m2 riesengross und bietet alle Casinospiele an. Die Tischspiele Roulette, Black Jack sind zahlreich vorhanden. Ebenso findet man einen Pokerraum und unzählige Spielautomaten.

Zur Geschichte des MGM Grand Hotel

1973 wurde das original MGM Grand eröffnet. Das Original-Hotel-Casino wurde 1986 von MGM an Bally Entertainment Corp. verkauft und umbenannt ins heutige Bally's.

1993 öffnete das heutige MGM Grand als damals grösstes Hotel der Welt seine neuen Tore.

--- Ende Artikel / Pressemitteilung MGM MIrage Gains Settlement for Bellagio Outage ---


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