MGM Bankruptcy Watch P.17

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MGM plans to lend its name brand to a new casino resort in Egypt.  (Fool.com
*MGM already has a pyramid shaped casino in Las Vegas, so I don't think they'll be using a mini-pyramid design in Giza.  Perhaps the new resort will be in the shape of an iconic American symbol like a giant McDonald's themed restaurant casino and resort.

Jim Murren says there are no plans to sell any of its Vegas Casinos.  (Bloomberg
*Sure Jim.  I'm sure Vegas is due for a quick turnaround.  If you're not desperate on cash to repay your creditors to avoid bankruptcy, you can pay the creditors in casino chips.


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