Stutz, Howard
March 2009
Las Vegas Business Press (10712186);3/30/2009, Vol. 26 Issue 13, pP18
The article reports that a reprieve would not help MGM Mirage to improve its financial health. Investment analysts do not think that the two-month reprieve from its lenders will suffice to restructure the firm, unless the company goes to bankruptcy court. Gaming analyst Robert LaFleur comments that there are few alternatives that would bring meaningful value for common MGM shareholders. With the reprieve, the company is expected to produce a restructuring plan for settling its $13.5 billion long-term debts.


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