MGM is desperately needing cash. The company will get down on its knees and do everything it can to save itself. Smart move on the part of Colony Capital in walking away. BLOOMBERG
The stock has been super hot the past two weeks. It has doubled from it's $2.40 low in March. It's been riding the economic wave of "not so sucky economic news". The big test is whether it can withstand the very real culture shift away from Vegas excess. Unfortunately for the Vegas casinos, this is an endurance test.
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