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MGM may file chapter 11

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Views: 207
Posts: 5
 
All-Star
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Joined: Apr, 2007
Posts: 11689
Posted: #1
 
they are going to ask there creditors for a break.
 
Legend
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Joined: Dec, 2001
Posts: 85256
Posted: #2
YIKES!!! no wonder the whole damn sector is down on an up market day today.
 
MGM hit a new intraday and ALL TIME low of $1.89
 
(maybe Stevie Wynn will buy it back IF they do a bankruptcy?)
 
Legend
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Joined: Feb, 2002
Posts: 67006
Posted: #3
So what would happen?  I assume all their LV properties wouldn't just close their doors?
 
Legend
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Joined: Sep, 2004
Posts: 36580
Posted: #4
Not good at all.

MGM, Lost in Vegas


 
 
Legend
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Joined: Dec, 2001
Posts: 85256
Posted: #5
Belatedly, the company, and one of its principal investors, Dubai World, are trying to muster interest from other parties in order to gain the financing to complete the project.
 
maybe they will turn it into "the little mosque in the desert"
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