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MGM Mirage rises 5 pct after Reuters exclusive on loans for Vegas development

MGM Mirage rises 5 pct after Reuters exclusive on loans for Vegas development

Shares of casino operator MGM Mirage rose 5 percent on Aug. 29 after Reuters exclusively reported it had secured $2.3 billion for its CityCenter development in Las Vegas in an exclusive interview with COO Jim Murren. Wall Street has been keenly monitoring whether the company would be able to get the financing given the reluctance of banks to loan money in the wake of the credit crisis. Deena Beasley conducted the interview.

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