Resolution of CityCenter dispute lets MGM Mirage stabilize finances

06/24/2009 | Las Vegas Review-Journal

MGM Mirage has the ability to exist as a going concern, according to a filing with the Securities and Exchange Commission. The filing noted the company's ability to raise $2.6 billion through bond and stock sales and stated "there is no longer substantial doubt [about the company's] ability to continue as a going concern." In addition, MGM Mirage recently resolved a dispute with Dubai World over funding for the CityCenter project, which allowed it to focus on stabilizing its finances.

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