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“MGM is taking luxury to a new level with plans for a high-end hotel near the iconic Giza pyramids. This project is a collaboration between MGM Mirage and New Giza for Real Estate Development, with the Egyptian developer footing the bill.
Despite recent financial struggles and a hefty $14 billion debt, MGM Mirage, known for its pyramid-themed casinos, is expanding its brand globally. The company, led by billionaire Kirk Kerkorian, has been facing challenges with declining casino revenues but is actively launching new hotel ventures and partnering with developers around the world.”