MGM Mirage

MGM Mirage (NYSE: MGM) disclosed in a filing to U.S. regulators that it may be sued by the general contractor of its CityCenter project for $492 million. MGM Mirage and Dubai World are equal partners in the Las Vegas Strip project. Tutor Perini Corporation (NYSE: TPC) is the lead contractor for the...

UBS analyst Robin M. Farley maintained his neutral rating for shares of MGM Mirage (NYSE: MGM) and raised his target price from $10 to $11. Farley noted MGM Mirage's weak Las Vegas results: "GAAP EPS of ($0.98) includes ($0.77) of charges primarily relating to a $548M impairment charge on land...

MGM Mirage (NYSE: MGM) reported that it managed to narrow its 4th quarter loss from the same quarter a year earlier. MGM Mirage reported a 4th quarter loss of $433.9 million, or 98 cents per share, compared to a loss of $1.15 billion, or $4.15 per share, a year earlier. Revenue was down a better...

MGM Mirage (NYSE: MGM) made a proposal to lenders, asking to push back $5.55 billion of its debt by 3 years. The proposal seeks to extend facilities from October 3, 2011 to February 21, 2014. The casino operator asked its lenders to approve the deal by February 24. Moody's Investor Services said...