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Murren says MGM will keep Las Vegas casinos
Friday, June 19, 2009 at 10:56:09 AM
According to its CEO, MGM Mirage will not be selling any of its Las Vegas Strip casino and resort properties. Jim Murren said this week that the gaming operator had not received any offers even in the ballpark of what MGM would want to relinquish another Vegas casino.
"We don't feel like we could come close to what we believe the values are worth," said Murren.
Murren did allow that MGM Mirage may sell casinos in Mississippi or Detroit, depending on the bids. He said that MGM is now receiving more worthy offers since the company is no longer as desperate, having staved off bankruptcy for itself and CityCenter.
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