Murren said they would be selling it down the road to payoff debt, any idea as to it's value? TIA
Who cares. Vegas is over and done with it. MGM is a China play, focus on that. As China builds out and keeps growing so will MGM. If online actually takes hold then that will help as well.
Most don't care about Vegas anymore Coati and Macau are the gambling future.
The internet is the future of gambling, not Cotai or Macau or even Vegas. Once that first real-money internet website starts taking bets by Summer, the runup will begin
Sentiment: Strong Buy
That is the debt dealing with the City Center. The City Center has its own debt that is not part of the 13.7 long term debt of MGM. They have been trying to sell some of the City Center for years.
The long term debt is 13,589,283 as of Dec 31, 2012 not 13.7 billion.