MGM Resorts International's CityCenter, which was built at a cost of $8.5 billion, now has an equity value of $2.65 billion, company officials said Tuesday.
The Las Vegas-based casino giant announced the new valuation during a conference call Tuesday when it blamed much of its second quarter loss on a $1.12 billion pretax, noncash impairment charge related to its investment in CityCenter.
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