Las Vegas Sun

November 10, 2009

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Brief: Primadonna sees up to $10 million in savings

Tuesday, Nov. 10, 1998 | 2:14 a.m.

He said today analysts' estimates that MGM can trim as much as $40 million of general and administrative expenses at Primadonna are too high.

"What bothers me is that people will think we're going to cut a bunch of employees and that isn't the intention at all," he said.

Shigley also acknowledged the Primm family owns the land on which the company's three Primm, Nev., casinos sit and leases it to Primadonna Resorts for "just under" $6 million a year.

Monday's news release announcing the merger agreement said, "The Primm, Nev., hotel-casinos and golf courses are located on approximately 590 acres of company-owned land in California and Nevada."

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