Chapter 1515. Going to Las Vegas

After leaving Citibank, Eric went to Goldman Sachs and JPMorgan Chase.

The routine is the same. With a huge sum of US$1.1 billion, this tempting bait is so tempting that he doesn’t believe the bank will not be tempted.

If you don't get tempted, are you still a human being? If you don't make money, are you still a capitalist? Five days later, on Wednesday morning, the family was having breakfast when the Nokia slider on the dining table suddenly rang.

When Charlie Cooper answered the phone, a smile immediately appeared on his face.

"Eric, after breakfast, let's go to JPMorgan Chase."

Eric raised his head sharply. "So soon? I thought it would take at least half a month."

Charlie Cooper laughed: "Who doesn't like money? If they don't agree, we can change banks. Now we are the premium stock."

Mother Emily looked at the father and son in confusion: "What are you talking about?"

"Nothing dear, it's all work."

"Really? But you look better and better. Have you resolved the movie issue?"

"No, but it doesn't matter anymore."

JPMorgan Chase Bank, there were quite a few people sitting in the conference room, and representatives from the three banks were all gathered there.

After all, it is a loan of 2 billion US dollars. Even if Eric has 1.1 billion US dollars in assets as a backup, the risk still exists. It is impossible for a single bank to take on the 2 billion.

However, high profits coexist with risks, and not lending is even more impossible, so the three banks can only join together to swallow this piece of cake.

The person in charge of signing the contract was a woman who looked to be in her 30s, with blonde hair, blue eyes and big wavy hair. Except for being a little short, she would be a pretty vase in Hollywood.

However, when I saw the three managers being so reserved in front of her, I knew that this woman was no simple person.

"It's a pleasure to meet you, Mr. Cooper. I'm Elena from JPMorgan Chase headquarters."

Elena took the initiative to extend her hand, and my father shook hands with her and sat down, but Eric felt that the other party deliberately pinched him hard and gave him a weird smile.

"What does this woman mean? Is she flirting with me?" Eric thought.

Elena, however, acted as if nothing had happened and sat opposite the two of them with a smile.

"Mr. Cooper, I won't say anything more. After discussion, we have decided to lend you money. Citibank will hold 32%, Goldman Sachs 33%, and JPMorgan Chase 35%."

"All the terms are clearly written in the contract. You can take a look first."

I handed the contract to my lawyer and studied it carefully. The lawyer pointed out the key points that needed attention, mainly three.

The first is to determine the loan time based on the progress of the MGM acquisition. If there is no progress within three months, the three major banks have the right to directly recover the loan. If the progress is smooth, the loan will be extended based on the progress.

The second is that if the acquisition of MGM is successful, MGM will automatically be converted into loan collateral.

The third is that after the acquisition is completed, if MGM is still poorly managed by the Coopers, then once the debt ratio exceeds 82%, the Coopers will no longer be able to borrow new money, and MGM will be directly owned by the three major banks.

It is not difficult to see from the terms that the three major banks are targeting the fat piece of meat MGM. As long as they can swallow it, relying on the fixed assets and land owned by this old film and television company, $2 billion is worth it.

The two parties signed a contract, and Elena promised that the funds would arrive within a week.

"Mr. Cooper, this is my business card. You can contact me if you need anything." Elena handed over an exquisite little card.

"I will, ma'am."

After shaking hands with the beautiful mature woman, the Coopers left JPMorgan Chase.

Just three days later, the money that Elena promised arrived, a full $2 billion was deposited into the account.

On the day the money arrived, Cooper and his son boarded a plane to Las Vegas, the gambling city and the headquarters of MGM Grand.

Dad had already called Kerkorian in advance, and the two have been superiors and subordinates for more than ten years, so it should not be difficult for them to meet.

After getting off the plane, people from the MGM Hotel were already waiting for them, and the two got in a car and headed straight for the headquarters.

On Las Vegas Boulevard, a luxury Lincoln stopped in front of the hotel steps, and a doorman immediately came over to open the door.

"Eric, the land we are standing on is MGM Plaza. This is the headquarters of my old boss."

Eric looked up and saw that it was indeed a very stylish and prestigious building with a touch of classical European charm.

As you enter the hotel, you'll see a sculpture of a roaring lion with its mouth wide open, just like the opening credits of an MGM movie.

After taking a look at the building structure diagram, it turned out to be a place for spending money, eating, drinking and having fun.

The built-in casino is 170,000 square meters, which is as large as four football fields. It also includes an amusement park, cinema, restaurant, theater, bar, nightclub, hospital, etc.

It covers an area of ​​dozens of acres. Although it is called a hotel, it is more than just a hotel. It is more appropriate to call it a miniature city.

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However, good things mean the price is naturally high. If you want to experience the full service here, forget it without $100,000. Ordinary people can't afford it, and usually they play slot machines in the lobby.

Arriving at the top floor, Eric, led by a young female secretary, walked into a luxuriously decorated office.

Seeing the two people, an old man with white hair and wrinkled face stood up behind the table.

He is Kirk Kerkorian, a famous American casino tycoon. He is 85 years old this year, but he is in very good spirits and does not look like an old man of this age at all.

Since he rarely appears in the media, some people in China and even around the world may have heard of this name, but far fewer people have seen what he looks like.

If I were to make an analogy, it would probably be media tycoon Murdoch.

"Charlie Cooper, my old friend, you look younger and younger."

Dad took the initiative to step forward and hugged Kerkorian, who then looked at Eric.

"Who is this handsome little fellow? Please introduce him to me."

Charlie Cooper laughed: "My son Eric is your admirer and he insisted on coming to see you."

Eric walked up and said, "Hello sir, your hotel has opened my eyes. It is so gorgeous."

Kerkorian immediately smiled: "Really? Then you can have some fun and let Lisa accompany you to exchange chips and go shopping."

Eric looked at his father, and Charlie Cooper nodded, indicating that it was okay.

Eric still has great confidence in his father's abilities.

Of course, I’m not talking about his vision for movies, but his business acumen, otherwise he wouldn’t have been a senior executive for more than a decade.

I can earn the start-up capital with my foresight, but the subsequent negotiations still have to be handled mainly by my father, who is more proficient in this area.

Since Kerkorian didn't want to get involved, there was no need to cause trouble, so Eric simply followed the seductive secretary downstairs.

Don’t keep a book if you don’t read it carefully. It will die if you keep it for a long time.

(End of this chapter)