CASINOS IN CRISIS: MGM not home free yet, analysts say
Editor | May 01, 2009 | Comments 0
MGM Mirage may have rescued its massive CityCenter development from a potential bankruptcy, but saving the company from a similar fate is another matter. That was the assessment of Wall Street a day after the casino operator and its joint venture partner, Dubai World, agreed to a comprehensive plan to fully fund and complete the $8.5 billion CityCenter. Analysts believe MGM Mirage still needs to sell off one or several of its nine Strip casinos or its some of its resort holdings outside of Las Vegas in order to address its liquidity issues surrounding the…
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