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SPORTS
November 23, 2009 | Staff And Wire Reports
Lee Westwood of England became Europe's No. 1 golfer on Sunday after winning the Dubai World Championship by six strokes. Westwood shot a course-record eight-under-par 64 in the final round at the Earth Course in the United Arab Emirates to finish at 23-under 265. He earned $1.25 million with the 31st victory of his career to overtake Rory McIlroy on the season-long money list and win the European Tour's first Race to Dubai since it...
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SPORTS
November 23, 2012 | Wire reports
Rory McIlroy moved to the top of the leaderboard with a five-under 67 Friday in the second round of the Dubai World Championship in the United Arab Emirates. The top-ranked golfer, who missed several makable putts on the front nine and then had an eagle putt roll past the hole on No. 14, tied Luke Donald (68) and Marc Warren (67) at 11-under 133. Sergio Garcia , playing for the first time since having laser eye surgery, matched the course record with an eight-under 64. Garcia started with four birdies on his first five holes and then had a string of birdies at the turn before holing a long putt for eagle on No. 14. But he shot into the water on No. 16 for a triple-bogey before recovering to finish with a birdie and eagle.
SPORTS
March 28, 2004 | Bill Christine, Times Staff Writer
Medaglia d'Oro made up half the distance that cost him the Breeders' Cup Classic, but it still wasn't enough to derail Pleasantly Perfect in Saturday's $6-million Dubai World Cup. These two hard-knocking horses have run for $10 million the last two times they've met -- the Breeders' Cup was worth $4 million -- and Pleasantly Perfect is still on top. His winning margin Saturday was three-quarters of a length, after a 1 1/2-length win at Santa Anita in October.
BUSINESS
March 28, 2009 | Associated Press
MGM Mirage threw a lifeline to its $8.7-billion CityCenter casino project in Las Vegas, agreeing Friday to make a $200-million equity payment that includes the portion owed by its partner, Dubai World. The casino giant, which is majority-owned by billionaire Kirk Kerkorian, was allowed to cover Dubai World's obligation under a waiver granted Friday by the project's senior lenders. The payment buys MGM Mirage time to work through a funding crisis amid a slowdown in gambling revenue.
BUSINESS
January 8, 2009 | Times Wire Reports
MGM Mirage and Dubai World postponed the opening of one hotel and canceled a condominium development at their CityCenter project on the Las Vegas Strip to trim costs and "maximize" returns in a declining market. Scrapping the Harmon residential condos saves $200 million, and opening the Harmon Hotel and Spa at the end of 2010 or later defers another $200 million, providing cash-flow relief for both partners, Chief Executive James Murren said. Gambling revenue on the Strip, where MGM Mirage owns 10 casinos, faces an extended slump amid the global financial downturn.
BUSINESS
January 16, 2008 | From the Associated Press
Casino operator MGM Mirage Inc. will announce today that it is increasing its joint tender offer with Dubai World for MGM Mirage shares by 50% to 15 million, and it is setting the price at $80 a share, an executive said. The revised tender offer, at a 20% premium over the stock's most recent closing price, came after an MGM Mirage board meeting Tuesday in which directors discussed surging revenue resulting from the weak U.S. dollar, President Jim Murren said.
SPORTS
July 24, 1998 | BILL CHRISTINE
Silver Charm, prepping for the $1-million Pacific Classic on Aug. 15, will face six rivals Saturday in the $250,000 San Diego Handicap. Silver Charm has run only once, finishing second at Churchill Downs, since winning the Dubai World Cup in March. He will carry high weight of 125 pounds and break from the No. 6 post.
BUSINESS
March 16, 2006 | From the Associated Press
After weeks of political furor over maritime security, a Dubai-owned company Wednesday gave Congress what it wanted: a timetable and new details about its promise to surrender all $700 million worth of its newly acquired U.S. port operations. Dubai Ports World, the world's third-largest ports company, announced that it intended to sell all its U.S. businesses within four to six months to a single, unrelated American buyer. The top executive for its U.S.
BUSINESS
March 24, 2009 | Associated Press
The Dubai developer building an $8.6-billion complex on the Las Vegas Strip with casino company MGM Mirage Inc. is suing MGM Mirage because it's worried about the project's viability. Dubai World subsidiary Infinity World claims in a lawsuit filed Monday in Delaware Chancery Court that MGM Mirage's statements about its financial condition put the project at risk.
SPORTS
March 1, 2003
Why does the L.A. Times see fit to give Bobby Frankel, one of the country's most overstocked trainers, a forum to deride the very people who've enabled him to be successful when he stated after the Strub Stakes that Medaglia d'Oro was being pointed for the Dubai World Cup? For Frankel to suggest that 124 pounds is too much for that horse to carry is an insult to his horse and all racing historians. A great horse must carry weight over a classic distance and defeat competition of equal strength to be considered in that vein.
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