TITLE

STREET NOT CONVINCED REPRIEVE WILL HELP MGM MIRAGE

AUTHOR(S)
Stutz, Howard
PUB. DATE
March 2009
SOURCE
Las Vegas Business Press (10712186);3/30/2009, Vol. 26 Issue 13, pP18
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
40539088

 

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