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MGM Grand Atlantic City Officially Postponed

By Chuckmonster on Wednesday, 29th October 2008 5:00pm
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MGM Grand Atlantic City

MGM Mirage announced in their quarterly earnings report that all future projects, other than the completion of CityCenter in Las Vegas have been postponed indefinitely.

MGM Mirage chief Terry Lanni had this to say:

We continue to believe Atlantic City represents an important market for further development. We intend to resume development at such time as economic conditions and capital markets are sufficiently improved to enable us to go forward on a reasonable basis.

Read more from the Press of AC.

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