"This move will expedite our efforts in Jean," Lanni says. "In addition to making better utilization of the land, it will allow us to more properly match capacity with demand and concentrate ongoing improvement efforts in the market on a single entity, rather than splitting focus between two competing properties."

American Nevada Co. is the real estate development arm of the Greenspun group of companies. It broke ground for the 8,400-acre Green Valley community in Henderson in 1978. In 2004, American Nevada opened the District at Green Valley Ranch, the state's first metropolitan lifestyle center. American Nevada also is the managing partner of Aliante, a master-planned community that opened in 2003.

The Cloobeck Cos. provides development, management, operations and marketing for real estate properties. The company's principals have developed Polo Towers, the first purpose built, high-rise timeshare property in the industry and, most recently, spearheaded the design of Marriott's Grand Chateau, which features approximately $450 million of construction development.

MGM Mirage owns and operates 23 properties located in Nevada, Mississippi and Michigan, and has investments in three other properties in Nevada, New Jersey and Illinois. Its current major developments include CityCenter, a multibillion-dollar mixed-use urban development in the heart of the Las Vegas Strip; a new MGM Grand hotel and casino complex is being built in Downtown Detroit; and a 50% interest in MGM Grand Macau, a hotel-casino resort currently under construction in Macau S.A.R.