Thursday, March 11, 2010

MGM Mirage CEO Says Investors Making Recovery Bets on Casinos

March 10 (Bloomberg) -- MGM Mirage Chief Executive Officer James Murren said investors betting on a U.S. economic recovery are returning to casino debt and equity.

MGM Mirage, the biggest casino owner on the Las Vegas Strip, yesterday sold $845 million of bonds to repay some loans under an arrangement it previously struck to extend the maturity on borrowings.

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