Casino News

Murren considers selling MGM Mirage casinos

2009-01-08 12:03:08

Recently appointed chief executive James Murren has stated that his company, MGM Mirage, is considering selling some of its casinos in order to reduce debt.

The gaming operator agreed the sale of Treasure Island Hotel & Casino to Phil Ruffin for $775 million last month and Mr Murren appears prepared to allow more assets to leave MGM's casino portfolio if it helps to steer the firm through difficult times, Bloomberg reports.

"We are certainly not looking to aggressively sell assets, but the point is that we do have assets that are attractive and we are going to be very responsive," he remarked.

MGM Mirage is one of the world's biggest casino companies, operating more than two dozen venues around the world.

In Las Vegas, its resorts include the Bellagio Hotel and Casino, the MGM Grand, New York-New York, Mandalay Bay, the Luxor, Circus Circus and the Mirage.

It also has a presence in the world's biggest gaming market, Macau.