{"id":288,"date":"2009-05-01T18:39:00","date_gmt":"2009-05-01T22:39:00","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/blogs\/dmckee\/index.cfm\/2009\/5\/1\/Murren-talks-smack-re-Wynn-Schaeffer"},"modified":"2009-05-01T18:39:00","modified_gmt":"2009-05-01T22:39:00","slug":"murren-talks-smack-re-wynn-schaeffer","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/murren-talks-smack-re-wynn-schaeffer\/","title":{"rendered":"Murren talks smack re: Wynn, Schaeffer"},"content":{"rendered":"

\"\" "No one has proven, by the way, that they can operate properties better than us, so …uh … and there's a mountain of information to show that we operate properties better than anybody. Everything that we've acquired is making more money under us than anyone else<\/em>." — MGM Mirage<\/strong> CEO Jim Murren<\/strong>. That's a mighty forceful statement<\/a> when the operators you've superseded include ex-Mandalay Resort Group's Glenn Schaeffer<\/strong> and ex-Mirage Resorts' Steve Wynn<\/strong>. Murren goes on to say, "We have market leadership in every market in which we operate<\/em>."<\/p>\n

… but what about a little place by the name of Macao<\/strong>? The last anybody heard, MGM was sixth out of six operators over there (and, yes, it's lagging far behind a casino run by — you guessed it — Steve Wynn).<\/p>\n

Almost as an aside<\/strong>, the Las Vegas Sun<\/em>'s Liz Benston reveals that one of the two chunks of Strip land that MGM used as collateral was not the "Project Z" site south of Mandalay Bay<\/strong> (as S&G<\/em> erroneously deduced) but a smaller, less strategic site across the Boulevard from Luxor<\/strong>. So far, with the exception of MGM Grand Detroit<\/strong>, the company has been able to avoid pledging any of its flagship properties.<\/p>\n

Though Murren is willing to peddle MGM's regional casinos, he balks at downsizing its already vast Strip presence. We'll see how that strategy pays off when the "CityCenter<\/strong> six pack" opens for business, starting in October.<\/p>\n","protected":false},"excerpt":{"rendered":"

"No one has proven, by the way, that they can operate properties better than us, so …uh … and there's a mountain of information to show that we operate properties better than anybody. Everything that we've acquired is making more … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[44,62,11,32,9],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/288"}],"collection":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/comments?post=288"}],"version-history":[{"count":0,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/288\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}