Kerkorian taken on by Icahn in big vegas showdown

Carl Icahn is pushing MGM Mirage to restructure its bankruptcy. Mr Icahn has aquired hundreds of millions of dollars in MGM Mirage debt, he has told MGM Mirage that they would support a restructuring in court. Kerkorian holds a 53% stake in MGM Mirage which is valued at around $900 million, down from $14.9 billion in 2007. A bankruptcy for MGM Mirage would be spectacular in a string of implosions seen all across Las Vegas with small casinos falling bankrupt regulary at the moment.

Tags: bankruptcy, icahn, kerkorian, MGM Mirage

This entry was posted on Sunday, April 19th, 2009 at 12:13 pm and is filed under casinos.

Our Top 5 Online Casinos

Although every attempt has been made to ensure the fairness and security toward the player at each of the links that can be found on this website, JackpotAvenue cannot be held responsible if discrepancies occur between an online gambling operation and you, the player after following a link from this website. Consult your local authorities prior to registering with any online wagering service. This site is not intended for US players as none of our recommended casinos accept players. Use of this information in violation of any federal, state or local laws is prohibited.

Kerkorian taken on by Icahn in big vegas showdown

Leave a Reply

Our Top 5 Online Casinos

Casino Deposit Methods