TITLE

MGM MIRAGE STILL HUNTING FOR FINANCING

AUTHOR(S)
Stutz, Howard
PUB. DATE
March 2009
SOURCE
Las Vegas Business Press (10712186);3/16/2009, Vol. 26 Issue 11, pP20
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article announces that discussions between MGM Mirage and Deutsche Bank have failed and that the casino operator will need to find $1.2 billion in loans to complete the development of its CityCenter. It says that Wall Street gaming analysts are concerned about the liquidity problems facing the casino. However, spokesperson for MGM Mirage Alan Feldman announced that it will get its financing under a 50-50 venture partnership with the investment arm of the Persian Gulf state, Dubai World.
ACCESSION #
40539006

 

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