MGM/Mirage – home to many of Cirque du Soleil’s creations in Las Vegas – is feeling the credit crunch like many other companies world-wide. According to Reuters, it may be forced to sell off assets to avoid going under completely! How this would affect current resident shows is unknown at this time. From the article:
- MGM Mirage (MGM.N), which has warned it could breach its credit agreements this year if the economy doesn’t rebound, may break itself up to lure potential buyers as it races to raise the more than $1.5 billion it owes in bond payments and interest this year, the Wall Street Journal reported on Saturday. “Basically everything is for sale,” the paper quoted one anonymous sources as saying.
{ SOURCE: Yahoo! News, Reuters, Wall Street Journal }
