Tuesday, May 22, 2007

Casino shares soar on Tracinda/MGM Mirage

(Reuters) - Tracinda said Monday it will enter talks to buy MGM Mirage's Bellagio property and its $7.4 billion CityCenter development on the Las Vegas Strip.




Tracinda said a deal could result in a financial restructuring of the remainder of the casino company, which controls roughly one-third of the famed Strip, with properties such as Luxor, Mandalay Bay and Circus Circus.


Read more at Reuters.com Hot Stocks News

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