TITLE

MGM MIRAGE SAYS FEARS ABOUT CITYCENTER FINANCING 'OVERDONE.'

AUTHOR(S)
Stutz, Howard
PUB. DATE
August 2008
SOURCE
Las Vegas Business Press (10712186);8/18/2008, Vol. 25 Issue 33, pP20
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that according to president and chief operating officer (COO) Jim Murren of MGM Mirage, the concerns of Wall Street about the company's delay in completing financing for its CityCenter development are overdone in terms of interest. It mentions that the company reported a 68 percent decline in net profits during its second-quarter earnings conference call. The company also had secured commitments for $1.68 billion of the necessary $3 billion in financing and would complete it by the end of September 2008 if not sooner.
ACCESSION #
34234686

 

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