Tuesday, December 1, 2009

Dubai: Casino Fallout

Investors are closely watching MGM [MGM 10.57 0.01 (+0.09%) ] amid concerns that a possible debt default at Dubai World could derail the casino trade.

"Dubai is a large holder in MGM shares," explains Susquehanna Financial Group analyst Robert LaFleur. "If they're in a position where they're seeking liquidity, you have to wonder whether they'll look to those shares as a source of potential liquidity."

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