Friday, March 27, 2009

MGM Mirage could fold (Dealscape)

Could MGM Mirage's (NYSE:MGM) CityCenter be the next resort and casino project to crumble under the weight of its debt? Facing a looming debt payment and already slapped with a lawsuit, the 67-acre development on the Las Vegas Strip is preparing a ... Lender Deutsche Bank AG has already foreclosed on the Cosmopolitan project next door that Ian Bruce Eichner had been developing. And Boyd Gaming Corp. stopped construction last August on the $4.8 billion Echelon project. ...

Source: http://www.thedeal.com/dealscape/2009/03/mgm_mirage_could_fold.php

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