If I were James Murren and the MGM-Mirage Company, I would be chugging the Maalox now too.

In fact, I would have already fired James Murren; if he possessed any personal or professional integrity or character, he would have already tendered his resignation.

MGM-Mirage voluntarily jumping into the corporate martial bed with one of the most vile entities, representing one of the most corrupted nations on the planet, just to get financing to complete CityCenter,  is more than MGM-Mirage bargained for and James Murren may have permanently destroyed the company’s brand in the process.

CityCenter represents the first major foreign holdings of global Islamic extremist hatred in Nevada.

And no one has said a word…until now.

That the renowned Nevada Gaming Control Board was completely disinterested in the state’s largest casino operator and tax payer forming a business relationship with a foreign entity that subscribes to Islamic law—Sharia Law—is in and of itself stunning, that their misfeasance could be considered criminal, is yet another black-eye on the always troubled CityCenter project.

Would they have been this criminally disinterested had CityCenter’s life-line investment partners been a Palermo Sicily based investment fund?

Under Islamic Law, interest is generally barred according to their interpretation of the Qur’an and Dubai is quoted by Reuters in saying that it would ‘pick and chose’ how to assist Dubai World’s massive global debts and approach them on a ‘case by case’ basis!

The entire economy of the state of Nevada is now in the hands of MGM-Mirage’s super-corrupt Islamic extremist investment partners of the United Arab Emirates and neither James Murren and the Board of Directors of MGM-Mirage, nor Nevada officials did any level of due diligence regarding CityCenter’s foreign partner.

Of course MGM-Mirage stockholders will sue!

The threatened default by Dubai World has plunged world markets into chaos and it took the extreme efforts of London, Washington, and Brussels to nudge the United Arab Emirates into Abu Dhabi providing 10 billion dollars to ease concerns—albeit it only briefly.

Now the entire financial world is finally looking very cautiously at Dubai World and other Sovereign Wealth Funds, as despite the implication in their names, these funds are not legally backed by the ‘full faith and credit’ of their respective governments.

Most expect that Russia and Greece will default on their SWF debt obligations and that could be the spark that completely collapses the world financial markets for the second time in less than 2 years.

Especially those SWF’s funds under Sharia Law—now the law of the land on the Las Vegas Strip thanks to James Murren and MGM-Mirage—global debt holders may be left holding billions in bad debt if the SWF’s collapse.

It will make September of 2008 look like a picnic.

Because Muslim countries are by definition, theocracies, we have a Las Vegas Strip investment partner whose investment goals are a global Islamic Caliphate that singularly aims to control the entire world to please Allah under their interpretation of the Qur’an.

MGM-Mirage has partnered with one of the world’s premier religious extremist nations via Dubai World and each and every time time you spend your money at CityCenter, you may be directly supporting terrorism because there’s not an intelligence analyst in the world who doesn’t believe that funding for religious extremism/terrorism launders and otherwise travels through the porous veins of the enormously complicated global holdings of the United Arab Emirates.

This wasn’t deemed an issue by the Nevada Gaming Control Board, the Nevada Attorney General, or James Murren and the Board of Directors of MGM-Mirage.

Again, switch Abu Dhabi with Palermo and ask if this would have been so universally dismissed by all of the above.

Horrific greed, and nothing more, is what fueled the MGM-Mirage/Muslim extremist partnership…and nobody said a word.

It is most credible to ask how MGM-Mirage’s Jewish-American, pro-Zionist customers will react when it sinks in that James Murren and his board chose to partner with an entity whose main goal is the destruction of the State of Israel and to ‘drive her into the sea’.

Dubai’s Sultan Ahmed bin Sulayem and Sheikh Mohammed bin Rashid Al Maktoum are certainly no friends of Israel; exactly how is that going to sit with a pro-active and politically powerful Jewish-American (former?) MGM-Mirage customer?

Let’s also not forget Dubai’s atrocious Human Rights record where currently there are hundreds of thousands of foreign workers stranded in the shadows of Dubai’s gross excesses who cannot get home because Dubai refuses to provide them transportation back to India, Bangladesh, Pakistan, the Philippines, and other countries where Dubai came bearing the promise of jobs and income to send back to impoverished villages in exchange for their indentured servitude.

Las Vegas based MGM-Mirage is now a full partner in one of the world’s most disgraceful Human Rights atrocities of the new century.

And no one has said a word about it.

Dubai won’t let them leave for fear of not getting any more foreign labor and doubly fearing that if they were to allow them to leave, they would tell the world of the extreme squalor that they live in while Arab sultans and billionaires frolic on man-made islands and ski on indoor ski slopes.

This is the cold, hard reality of your Islamic extremist CityCenter investment partner MGM-Mirage.

How do you people sleep at night?

The God Almighty buck is the only reason MGM-Mirage partnered with one of the world’s most vile regimes’ investment arm.

James Murren and the MGM-Mirage board went to the equivalent of the Arab world’s loan sharks and sold a half interest in CityCenter and nearly a 10% stake in the entire company to fundamentalist Islamic extremists.

And no one said a word.

MGM-Mirage’s particular agreement may be more solid than other Dubai World investments and that’s something to potentially be adjudicated by the courts should it get that far, but since they’re subscribing to Sharia Law, Western courts mean nothing to Dubai World; it’s only the Global Islamic Empire/Caliphate that is Dubai and Dubai World’s concern. That Dubai World has already sued and settled with MGM-Mirage over CityCenter cost overruns, indicates we all should have seen what could be the coming catastrophe of this partnership.

That MGM-Mirage has already written down half of CityCenter’s 8.5 billion dollar costs is also indicative of many more lawsuits to come…

…and no one is saying a word.

In the real world, MGM-Mirage’s chairman would have already been fired.

You’ll remember too that Dubai’s Nakheel/DP World Group arm tried to purchase six US ports a few years ago and the firestorm that ignited collapsed that deal.  Every corner of the US government and the US economy reacted and rejected swiftly such a purchase, almost instantaneously.

Yet, no one said a word about a casino company in Las Vegas when the MGM-Mirage ‘Deal with the Devil of Dubai World’ was inked.

No one.

12,000 MGM-Mirage CityCenter employees are now half-employed by a Muslim extremist entity of pure, unadulterated hatred of the West—on the Las Vegas Strip, of all places on earth!

As the world’s press is now singularly focused on Dubai and its tentacles that reach all around the world, each press mention will always and forever mention Dubai World’s investment in Las Vegas with MGM-Mirage; every single story the world over will name the CityCenter project.

That alone can completely destroy the MGM-Mirage brand; of course you fire James Murren!

Yesterday!

It’s time that Nevada, its Gaming regulators, its political class and the stockholders of MGM-Mirage start asking the questions that should have been addressed long ago.

The likelihood of stockholders forcing the company into bankruptcy during the first quarter of 2010 is a near definite reality, and we’d be very wise to be ahead of the curve as these dirty little secrets no one chose to address—or if they knew about them and deliberately chose to ignore—are brought to bear in US Bankruptcy court and the press the world over.

That CityCenter’s partnership with Muslim extremism has the potential to ruin the stock value of all publicly traded gaming concerns in Nevada is also a very real possible outcome of any such filing or God forbid, a thorough and comprehensive international press investigation of what is in effect, the ‘Palermo’ branch of the United Arab Emirates that James Murren and the Board of Directors of MGM-Mirage so willingly, and so enthusiastically, chose to partner with.

…and that no one in Nevada said a word about.

 

Mike Zahara
12162009
www.WatchDogWag.com