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MGM Mirage has serious financial problems

 
/2009-03-19/

Jim Murren believes that MGM Mirage will eventually succeed in spite of difficulties need to repay such large sums, but this does not take place without the hard work and risk. "I have no illusions, you will not be easy" - Murren said during a meeting with investors held after the announcement that the company's losses in the fourth quarter of 2008 amounted to 1.15 billion dollars.

The operator of one year ago showed a recognition giving rise to profits of 872 million dollars. Now, its share price fell by 4.15 dollars. On the pessimistic financial results for the fourth quarter of last year made up 1.18 billion dollars. minusie on what is associated with the declining value of several acquisitions operatora.Zyski operator fell to 1.6 billion dollars. for the last quarter of 2008, while in the corresponding period the previous year was 1.93 billion dollars.

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