motorcity casino sold to wynn resorts limited [Rumor]

**313WX** · June-22-13, 06:47 PM

Originally Posted by rb336

as far as MGM? I know in 2010 it had the second highest revenues of all the MGM/Mirage casinos. And the CEO gave an interview on the subject this march that shows absolutely no idea that they are interested in leaving

http://www.mlive.com/business/detroi...ional_ceo.html

From 2009...
http://online.wsj.com/article/SB123883052441189601.html

**jcole** · June-22-13, 07:35 PM

This is the only article I find about a new acquisition for Wynn:
http://www.reviewjournal.com/busines...-massachusetts

**rb336** · June-23-13, 05:14 PM

Originally Posted by jcole

This is the only article I find about a new acquisition for Wynn:
http://www.reviewjournal.com/busines...-massachusetts

AHHHHH that is how it started. The casino Wynn bought is on the Mystic River -> the movie "Mystic Pizza" -> Little Caesar's Pizza -> Ilitch family -> Wynn bought Motor City Casino

**rb336** · June-22-13, 09:05 PM

Originally Posted by 313WX

From 2009...
http://online.wsj.com/article/SB123883052441189601.html

that's damn current!

**313WX** · June-23-13, 04:25 PM

Originally Posted by rb336

that's damn current!

Thus why I asked before, because I hadn't heard anything else about the potential sale.

**raptor56** · June-23-13, 05:58 PM

Originally Posted by 313WX

From 2009...
http://online.wsj.com/article/SB123883052441189601.html

When the economy dropped a turd in the pool in 2008\9, MGM was left holding the bag on the unfinished CityCenter project [[Aria Casino). With CityCenter condo buyers backing out left and right, a couple billion $$ needed to finish CityCenter, and a shload of debt, MGM put all of their properties up for discussion with interested parties in hopes of bringing in much needed capital to keep them afloat.

http://www.detroitnews.com/article/2...80368/1001/BIZ