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MGM may pledge further casinos

China Daily | Updated: 2009-03-17 07:44

MGM may pledge further casinos

The MGM Mirage Hotel and Casino in Las Vegas, Nevada. Bloomberg News

MGM Mirage, seeking to modify lending terms on its unsecured debt and avoid default as gambling activity withers, is in talks with banks to pledge casinos as loan collateral, a person with knowledge of the discussions said.

MGM may pledge further casinos

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