Will the Mirage casino be the first on the chopping blocks? (Fool; NYPOST). Kerkorian would rather dump the Detroit properties first, but if no one wants to buy them he's going to have to sell a piece of the premium property to raise some cash. That's cutting into the bone.
Who would want to buy a 'Baltic Avenue' type property like Detroit in these difficult times anyway? MGM is so desperate for cash to stave off bankruptcy, it just might have to sell off it's 'Green Property' like the Mirage. To avoid selling the Mirage, MGM eeds to raise cash quick.
You hear that?
That's not the sound of the Mirage Volcano. It's the sound of MGM slowly imploding from within. KaBoom!
Leave a comment