Big CityCenter Las Vegas Resort May Head To MGM's Chop Block
MGM Resorts International says it needs to reduce its debt and sees selling off parts of its city within a city project on the Las Vegas Strip as one way to pull the company out of the red. CEO Jim Murren told the Associated Press Wednesday that the company would consider selling pieces of its $8.5 billion CityCenter project in the future. MGM (MGM) executives emphasized the importance of deleveraging the company during a conference call to
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