A spokesperson from Infinity World, which made the MGM Mirage investment, said: "This approval gives the company an option as per the regulations to buy more shares beyond the 10% limit prior to getting licensed, but it does not mean that we currently have an intention to purchase more shares. As a prudent investor, we will continue to monitor the market for opportunities."
The spokesperson added that any intention to acquire more shares will be in compliance with all necessary US Gaming Control regulations and other relevant regulatory bodies.
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Infinity World statement on investment in MGM Mirage
- United Arab Emirates: Wednesday, April 09 - 2008 at 14:07
- PRESS RELEASE
Infinity World, a wholly owned entity of Dubai World, today clarified that the Michigan Gaming Control Board's decision to allow it to buy up to 14.9% shares in MGM Mirage does not necessarily mean that the company plans to increase its shareholding immediately.
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For more information, please call:Sana Maadad,
Manager, Media Department
Dubai World
Posted by Lara Lynn Golden, News EditorWednesday, April 09 - 2008 at 14:07 UAE local time (GMT+4)
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