MGM Prepares to Launch New $8.5 Billion CityCenter on Strip (MGM)
Nov 30, 2009 (SmarTrend(R) News Watch via COMTEX) --
Company: Metro-Goldwyn-Mayer, Inc. (MGM)
11/30/2009-MGM Mirage (NYSE:MGM) is due to open its $8.5 billion CityCenter resort on the Las Vegas Strip tomorrow as the downtrodden casino hopes to put the brunt of the recession behind it and the industry.
The 67-acre hotel/condo/gambling lot is still somewhat of a concern given that the project's co-owner is Dubai World, however, MGM chief Jim Murren has said the joint venture won't collapse even if a parent defaults.
Write to Chip Brian at cbrian@tradethetrend.com
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Company: Metro-Goldwyn-Mayer, Inc. (MGM)
Related terms: dubai, hotel, market, nyse, securities
