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Robert Maxey

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BUSINESS
July 14, 1995 | Times Staff and Wire Reports
MGM Grand's Chairman Resigns: After joining the Las Vegas company in January, 1991--with plans to serve until the company's 5,005-room Las Vegas hotel, casino and theme park was built and a permanent operating management was put in place--Robert Maxey, 51, has resigned. He is succeeded in his position as president and chief executive by J. Terrence Lanni, 51. Alex Yemenidjian, 39, MGM Grand Inc.'s chief operating and chief financial officer, will add the president's post to his other duties.
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BUSINESS
July 14, 1995 | Times Staff and Wire Reports
MGM Grand's Chairman Resigns: After joining the Las Vegas company in January, 1991--with plans to serve until the company's 5,005-room Las Vegas hotel, casino and theme park was built and a permanent operating management was put in place--Robert Maxey, 51, has resigned. He is succeeded in his position as president and chief executive by J. Terrence Lanni, 51. Alex Yemenidjian, 39, MGM Grand Inc.'s chief operating and chief financial officer, will add the president's post to his other duties.
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BOOKS
May 15, 1994 | DICK RORABACK
HIGH STAKES: Inside the New Las Vegas by Gary Provost (Truman Talley/Dutton: $23.95; 320 pp.) If you build it they will come. They did, and they do. They are building it so fast, the "new Las Vegas," and they are coming in such numbers that Gary Provost's book went out of date between writing and publishing.
BUSINESS
August 5, 1994 | From Reuters
MGM Grand, the creator of the world's largest hotel-casino, and Primadonna Resorts, an operator of value-oriented casinos, said Thursday that they will build a $300-million hotel-casino in Las Vegas with a New York theme. The 1,500-room hotel and casino, to be called the New York-New York, is the fourth major new project announced this year in Las Vegas. The two companies will be equal partners in the venture.
BUSINESS
August 25, 1985 | TOM FURLONG
Robert R. Maxey has resigned suddenly as chief executive of money-losing Elsinore Corp., the Las Vegas-based casino company that operates gambling hotels in Nevada and Atlantic City, N.J. A terse announcement Friday said the board "has accepted" Maxey's resignation effective Oct. 31. He also resigned as a director. Maxey, 48, was not available for comment. An Elsinore spokeswoman said Maxey's departure was voluntary. "He quit," she said. "I think the board is as upset as the rest of us."
BUSINESS
August 11, 1994 | KAREN KAPLAN, TIMES STAFF WRITER
China, with considerable cooperation from international leisure firms looking for new markets to exploit, may be well on its way to turning its southern island province of Hainan into another Hawaii. Lured by special tax incentives, Club Med Inc. is building a resort in Sanya on the southern edge of Hainan--a tropical island on the same latitude as Hawaii's Kauai island. (The Chinese province is just east of Vietnam, across the Gulf of Tonkin.) And on Tuesday, MGM Grand Inc.
BUSINESS
January 4, 1995 | JAMES F. PELTZ, TIMES STAFF WRITER
Tiny but posh MGM Grand Air--which catered to the entertainment elite with gourmet meals and private rooms--has gone out of business after its billionaire owner, Kirk Kerkorian, sold its six jets to a Midwestern air cargo and charter operator for an undisclosed amount. The exclusive airline, whose Los Angeles-to-New York flight cost $1,400 and seated only 34 passengers, was renowned for shuttling movie stars, rock singers and Hollywood executives.
NEWS
January 4, 1995 | JAMES F. PELTZ, TIMES STAFF WRITER
Tiny but posh MGM Grand Air--which catered to the entertainment elite with gourmet meals and private rooms--has gone out of business after its billionaire owner, Kirk Kerkorian, sold its six jets to a Midwestern air cargo and charter operator for an undisclosed amount. The exclusive airline, whose Los Angeles-to-New York flight cost $1,400 and seated only 34 passengers, was renowned for shuttling movie stars, rock singers and Hollywood executives.
BUSINESS
December 12, 1993 | JAMES BATES, TIMES STAFF WRITER
In this town, never draw to an inside straight. Know when to walk away from the table. And when you build on The Strip, make it so big and gaudy that they forget the name of the last place that went up.
BUSINESS
August 23, 1993 | TOM PETRUNO
Shares of the big Las Vegas casino operators are hitting new highs, as Wall Street pumps up expectations for the three major resorts that will open on the Strip this fall. By all accounts, the new mega-properties have the potential to complete Vegas' rapid transition from Sin City to family-oriented destination. "Orlando with gambling," some analysts now call it.
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