U.S. rival closer to unseating MGM bid for Wembley

2004-03-22
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  • MGM MIRAGE A U.S. consortium including the owner of Bahamas' Atlantis resort moved a step closer to upsetting rival MGM Mirage's (NYSE:MGG) $493 million cash offer for British gaming firm Wembley (London:WMY.L) on Friday.

    Las Vegas-based casino operator MGM Mirage announced its offer on January 27 for Wembley, the owner of dog and horse racetracks and operator of video slot machines in the United States and Britain.

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