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Detroit MGM taken off market
Thursday, September 10, 2009 at 10:36:43 AM
The city's largest casino is no longer being shopped to buyers.
MGM Grand Detroit's chief executive told The Detroit News that while a number of interested buyers had been "kicking the tires" at the casino earlier this year, activity from interested parties has waned.
"While every casino in America is for sale for the right price, we haven't had any buyers actively courting us for a while," Lorenzo Creighton, chief executive of the MGM Grand Detroit, said Wednesday.
That declaration comes just months after news broke that the casino's cash-strapped parent company, Las Vegas-based MGM Mirage, was actively marketing a number of its properties -- including the MGM Grand Detroit -- in an effort to shore up its finances.
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