CEO says MGM may sell parts of CityCenter in Vegas

Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Share
Updated: 2/20/2013 3:48 pm

LAS VEGAS (AP) — MGM Resorts International may sell off parts of its city within a city project on the Las Vegas Strip.

CEO Jim Murren told the Associated Press Wednesday that the company would be open to selling pieces of its $8.5 billion CityCenter project.

The complex was built during boom times, but opened amid the recession in 2009. It houses the 4,000-room Aria hotel-casino.

Murren says that there are no negotiations, but the company sees the properties around Aria as opportunities for sale.

He says the 500,000-square-foot luxury mall Crystals is especially enticing to investors.

Executives emphasized the importance of reducing MGM debt during a conference call discussing the company's fourth quarter earnings released Wednesday.

MGM owns CityCenter in a 50-50 partnership with Dubai World, the investment arm of Dubai's government.

 

©2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Share
0 Comment(s)
Comments: Show | Hide

Here are the most recent story comments.View All

No comments yet!
NEWSCASTS ON DEMAND
WATCH OUR LIVE NEWSCAST

What's On

All content © Copyright 2014 Intermountain West Communications Company. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.
You may also view our Sitemap

Inergize Digital This site is hosted and managed by Inergize Digital.
Mobile advertising for this site is available on Local Ad Buy.