MGM Mirage to write down CityCenter by more than $1B

10/20/2009 | Wall Street Journal, The · Google

MGM Mirage announced a $955 million write-down on the value of its ambitious CityCenter construction project in Las Vegas -- and will write down $348 million because of drooping revenue from sales of condo units. Kirk Kerkorian's investment company, Tracinda Corp., said Kerkorian would look for "strategic partnerships or other alternatives" for his 37% stake in the Las Vegas company.

View Full Article in:

Wall Street Journal, The · Google

Published in Brief: