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MGM Mirage Going Into Egypt
22 June 2009

MGM Mirage has emerged from their recent financial crisis and made a daring move into the Egyptian market. The company already has a worldwide presence and has partnered with New Giza for Real Estate Development. The project is due for completion in 2013 and will consist of a 550 key hotel just outside of Cairo.

This move follows on MGM Mirage’s narrow escape with regards to their stock. “MGM has gone through a lot of turmoil over the past couple of fiscal years, so to see them settling back into their zone and starting new projects is good news for investors” says Marvin Gray.

 

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