Through the financial and credit crisis, few companies had as much trouble as MGM Mirage (MGM) did. Earlier this year, the company had a near-death experience. It had to sell property, sell shares at cheap, raise more debt, and modify the terms with existing lenders just to survive.
Today it opened CityCenter, a $11 billion joint venture between MGM and Dubai World. For a primer of the project, watch this vidoe from Fox Business Network:
Watch the latest business video at FOXBusiness.com
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The partner Dubai World is having a little problem of its own laterly.In this Fox Business Network interview, MGM Mirage CEO Jim Murren discusses how Dubai World's debt crisis will impact CityCenter, the project in Las Vegas both companies are involved in. He also talks about the company's strategy for the future:
Watch the latest business video atFOXBusiness.com
(Click here if you do not see the video player above.)
Today it opened CityCenter, a $11 billion joint venture between MGM and Dubai World. For a primer of the project, watch this vidoe from Fox Business Network:
(Click here if you do not see the video player above.)
The partner Dubai World is having a little problem of its own laterly.In this Fox Business Network interview, MGM Mirage CEO Jim Murren discusses how Dubai World's debt crisis will impact CityCenter, the project in Las Vegas both companies are involved in. He also talks about the company's strategy for the future:
(Click here if you do not see the video player above.)
