MGM Mirage about to go tits up

[alamojoe]

MGM Mirage owns and operates casinos in Nevada, Mississippi, and Michigan. MGM acquired Mandalay Resort Group in 2005, adding Mandalay Bay, Luxor, and Excalibur to its portfolio, which already included Bellagio, MGM Grand, New York-New York, Mirage, and Treasure Island. It also owns a 50% interest in the Borgata in Atlantic City and a joint venture in Macau. MGM is constructing the more than $8 billion Project CityCenter on the Strip in a joint venture with Dubai World.


http://www.bloomberg.com/apps/news?pid=20601087&sid=aSGqUPYQQBIA&refer=worldwide

 

[StevieD]

MGM Mirage owns and operates casinos in Nevada, Mississippi, and Michigan. MGM acquired Mandalay Resort Group in 2005, adding Mandalay Bay, Luxor, and Excalibur to its portfolio, which already included Bellagio, MGM Grand, New York-New York, Mirage, and Treasure Island. It also owns a 50% interest in the Borgata in Atlantic City and a joint venture in Macau. MGM is constructing the more than $8 billion Project CityCenter on the Strip in a joint venture with Dubai World.


http://www.bloomberg.com/apps/news?pid=20601087&sid=aSGqUPYQQBIA&refer=worldwide

A sad sign of the times. It looks like they got too big to survive these times.

 

[theGibber1]

Just stayed at the MGM three weeks ago and gave them 4grand?????

Guess that didnt help.:sadwave:

 

[azbob]

They sold off TI last December.

 

[yyz]

Stations Casinos are going under, as well.

 

[DoubleDown]

They will just restructure their debts, and all will be fine. Heck, they shoulda asked O'Drama for a BAILOUT !! :142smilie