MGM Mirage delays projects as profit falls
MGM Mirage, the world's second-largest casino operator, said Wednesday it will delay projects in Atlantic City and Las Vegas amid the global credit crisis and said third-quarter profit fell 67 per cent as business slumped on the Strip.
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.