MGM Mirage (MGM) & Dubai World Reach Agreement On City Center; MGM Soars
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MGM Mirage (NYSE: MGM) & Dubai World Reach agreement to complete City Center construction, reports the WSJ. MGM spiked 28% on the news.
Earlier today, StreetInsider reported that MGM Mirage would provide the $70 million needed to continue the construction of the City Center project.
UPDATE
MGM, Wynn (Nasdaq: WYNN) and Las Vegas Sands (NYSE: LVS) all spiked on the news and have sold off slightly into the close.
Investors are liking that the City Center project will be completed and MGM is staying strong into the close.
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