Billionaire investor Icahn reportedly seeks MGM Mirage bankruptcy
A story posted on the newspaper's web site Thursday citing unnamed sources said Icahn and Oaktree Capital Management hold hundreds of millions of dollars in MGM Mirage bonds. MGM Mirage netted us$ 687 million in November by issuing us$ 750 million in notes due in 2013.
Icahn did not respond to a telephone message from The Associated Press late Thursday. Famed for hostile takeover battles, Icahn has spent more than four decades on Wall Street buying and selling companies. A spokeswoman for Oaktree's co-founder, Bruce Karsh, declined to comment.
MGM Mirage spokesman Alan Feldman said the company continues to have productive discussions with its lenders and declined to comment further. The firm is pursuing the us$ 8.7 billion CityCenter development in Las Vegas. Its equal partner in the project is Dubai World, the Arab emirate's state-owned development company.
MGM Mirage CEO Jim Murren has told the AP on several occasions that the company's top two priorities are fixing its balance sheet and finishing CityCenter, which is expected to begin opening in stages later this year.
Illinois: Waukegan's American Place opens new poker room
Affinity Interactive wraps up enhancements at Las Vegas' Silver Sevens Hotel & Casino
Kansas: Former Wichita Greyhound Park to reopen as Gilley’s with gaming and hospitality plans
DRGT and APEX power Mexico's first national symbol-driven WAP jackpot, launching across PlayCity Casino's 17 venues
Slotegrator obtains Anjouan B2B license for iGaming operations
BMM Innovation Group to spotlight its compliance, cytbersecurity and training expertise at CGS Recife
Pragmatic Play partners with ApuestasX to expand reach in Latin America
Latin America in focus: Why SBC Summit 2025 will be a game-changer for the region
Five startups to compete for €90,000 prize at SBC’s First Pitch competition
Former Liverpool and Leeds star Dominic Matteo to join Safe Bet Show at SBC Summit 2025
