Soon MGM is going to be also in Asia
Clarissa Kane | Published on August 6, 2009
So far signed agreements include Dubai, the Egyptian Red Sea resort of Sharm El Sheikh and the famous Bellagio. Bellagio is the hotel-casino that became famous because of its dancing fountains and scenes with George Clooney and Brad Pitt in the Ocean’s Eleven movie.
Other MGM properties are planning to open in Cairo, in Vietnam and Tianjin, China. Within MGM Grand, some of the locations will include Skylofts and luxury boutiques.
In 2007 an MGM Mirage Hospitality was formed and the head of it is Gamal Aziz, who said that they want to leverage their brands without any capital.
Under all the deals, MGM Mirage expects to generate incomes of around $ 100 million a year from hotel operations by 2014 without spending money to develop the hotels.
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