MGM Looks To Sell Casinos
MGM Mirage is attempting to sell two of its non-Las Vegas casinos to raise cash. One is in Detroit and the other is in the south along the Mississippi River. It does not appear that Australian gambling magnate James Packer and Los Angeles-based Colony Capital are going to invest in MGM, at least at this time. I find this story fascinating because of the size of MGM's City Center development.