MGM MIRAGE (MGM) LOOKS TO EXPAND TO ARMENIA
Casino Gaming Stock
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May 21 2010
International casino and hotel developer, MGM Mirage (MGM: 12.42
+5.52%) may be considering expanding its Asian market into Armenia
following a meeting with government officials.
Republic of Armenia officials recently meet with MGM’s Vice President
of Global Gaming Development, Ed Bowers, to discuss bringing their
Las Vegas and Macau style to the area.
Armenian Minister of Territorial Administration, Deputy Prime Minister
Armen Gevorgyan and Armenian Development Agency General Director
Robert Harutyunyan attended the meeting to discuss the "Masis, Sis
and new Armenia" tourism development program being implemented near
the Yeghvard reservoir.
The Armenian government is interested in development of the territory
with the help of private sector.
Bowers said that they were accessing the project and that the final
decision will be made in the near future.
MGM Mirage has also taken an interest in developing Resorts in Viet
Nam, India, Taiwan, Japan and the Philippines.
Last year, Lloyd Nathan, president of global gaming development for
MGM Mirage said "We have a desire to aggressively expand in Asia. It’s
the most exciting gaming market in the world".