There is also speculation that the MGM Mirage in Las Vegas could change hands; it’s also likely that banks and funds that interacted with Dubai World will have to sell/exchange properties to make up for losses.
–Neal Ungerleider - Falafel Mafia – Dubai debt 101: A beginner’s guide - True/Slant
[The I [Heart] Vegas take: CityCenter won’t be sold any time soon. It’s more likely that MGM Mirage will sell off one or more other properties in order to free up some operating capital, although it’s impossible to guess which properties they’d actually sell, and for how much money. It’s also possible that MGM Mirage itself will be bought, but that would require some impressive banking and would be difficult in the current climate.]
Notes
POSTED Tuesday December 1st
