The ubiquitousness of barter arrangements continues in the everyday world…Here are three recent deals…see below.


MGM Mirage Barters For 50% Stake In New $1.2 Billion Las Vegas Casino

The MGM Mirage is trading 40 acres of a 78-acre parcel of land that it owns (valued at $20 million an acre) for a 50% stake in a new Las Vegas casino that will be developed by Kerzner International Holdings and Dubai World, a holding company for the Persian Gulf state of Dubai. The latter two organizations will each own a 25% share in the casino, which will be located in the north end of the Las Vegas strip not far from CircusCircus.


InStyle Magazine, Celebrities Barter

Not many readers know it but InStyle magazine often bartered with celebrities (to allow them into their homes) and provided the celebrities with designer furniture, and in some cases even home makeovers. InStyle would acquire the designer furniture from various furniture manufacturers who advertised in the magazine.

Beer For diesel Fuel

Delta Beverages of Harare, Africa, an operator of 14 breweries and a supplier to 9,500 retailers countrywide, has entered into a barter deal with a South African company. They will be bartering beer for an estimated 800,000 litres of diesel fuel. (Delta requires one million litres a month of diesel for its far-flung operations.

This entry was posted on Wednesday, September 12th, 2007 at 1:23 pm and is filed under Best & Brightest Barter. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.