MGM Mirage might face bankruptcy filing
MGM Mirage, the Strip's biggest casino operator and the state's largest private employer, could be facing a bankruptcy filing if it can't renegotiate better repayment terms with its lenders covering some $7 billion in loans.
MGM Mirage, the gambling company of billionaire investor Kirk Kerkorian, said on Tuesday that it may default on its debt amid development of its biggest casino project ever, the US$8.6 billion CityCenter in Las Vegas.