TITLE

Hedging His Bets

AUTHOR(S)
FISHER, DANIEL
PUB. DATE
December 2011
SOURCE
Forbes Asia;Dec2011, Vol. 7 Issue 14, p52
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article offers information on James Murren, Chairman and chief executive officer (CEO) of MGM Resorts International. It is stated that Murren piled on 13 billion dollars on MGM during a ten-year buying spree. MGM had to pay 11.37% interest on a 475 million dollars debt offering in the depths of the crisis.
ACCESSION #
69842258

 

Related Articles

  • Corporate Debt and Equity: Another Look at their Determinants. Palliam, Ralph; Wafaa Sbeiti; Ghosh, Dilip K. // Frontiers in Finance & Economics;Oct2013, Vol. 10 Issue 2, p31 

    Capital structure plays a significant role in the determination of the value of the firm. The literature is replete with studies that relate to mature capitalist economies in the western world. When the models are applied to less-structured countries of the Middle East, one would question...

  • Don't delay taking action.  // Credit Management;Mar2009, p11 

    The article reports on the £9 million debt recovery of the ICSM in Great Britain. It mentions that the company is still exerting its effort to compensate its remaining £3 million debts, despite its success in surpassing such £9 million debt. ICSM's managing director Ian Carrotte is...

  • The long haul. Azevedo, Paulo A. // Casino International;Feb2011, p22 

    An interview with James Murren, chairman and chief executive officer of MGM Resorts International, is presented. When asked about the opportunity to have invested in Macau, he replied that they invested in Macau as soon as they had the opportunity to invest in a joint venture with Pansy Ho Chiu...

  • FINANCIAL MANAGEMENT INDICATORS TO AID DECISION MAKING (STATISTICS).  // Journal of Financial Management & Analysis;Jan-Jun2005, Vol. 18 Issue 1, Preceding p1 

    The article discusses the manipulation of company earnings through debt equity swaps and defeasances. In a debt-equity swap, an investment banker purchases a company's bonds in the open market, exchanges those bonds for a new issue of the company's common stock, and then sells the stock to...

  • Paying the Right Person - How the Uniform Commercial Code Can Affect Payment Obligations. Cushing, Paul M.; Lang, Christopher D.; Prendergast, Christy M.; Russev, Plamen I.; Soukup, Lynn A. // Venulex Legal Summaries;2004 Q2, p1 

    The article addresses the effect of the Uniform Commercial Code on the payment obligations of companies. The Code has created the right of a third party to acquire rights in the obligation even if the company had no dealings with the third party. The right was created to make payment obligations...

  • Despite Bulky Cash Coffers, US Cos Not Paying Down Debt. J.M. // Bank Loan Report;7/19/2004, Vol. 19 Issue 29, p10 

    Focuses on a Fitch Ratings study released in July 2004, which shows that corporate cash balances for double-B to single-A rated companies have been expanding since 2001.

  • Wynn Sees Glimmer Of Hope As Macau Visitors Increase. JAMES DETAR // Investors Business Daily;10/24/2014, p00 

    Macau-centric casinos such as Las Vegas Sands got a glimmer of hope Friday in a report that the number of visitors to the world's most popular gaming destination rose to 2.41 million, up 3% last month vs. the same month a year earlier .

  • Array Of Factors Impact Recovery of Defaulted Bonds, Loans. K. K. // Bank Loan Report;1/17/2005, Vol. 20 Issue 2, p8 

    This article reports that a variety of macroeconomic, firmspecific and industry-specific factors impact the recovery rate of defaulted loans and bonds. Recovery rates are directly related to a claim's capital structure, the report found. The more senior and secured it is, the better chance of...

  • Investors Approve Plan to Keep Keiko's Former Home Afloat. Saskal, Rich // Bond Buyer;5/10/2005, Vol. 352 Issue 32129, p3 

    The article reports that Oregon Coast Aquarium officials are breathing a sigh of relief, after gaining the consent from 100% of bondholders for a tender offer to restructure the aquarium's defaulted debt. A.J. Gleason, a vice chairman on the aquarium board said that they ended up with every...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics