Tuesday, May 6, 2008

Splitting MGM Mirage?

According to this Dow Jones report, Terry Lanni said on a conference call today that the company may someday be split in two, with the hotel operations under one roof and the casino operations under another. There's no timetable and mostly it sounds like frustration about how Wall Street is devaluing the entire company based on some gaming revenue drops.

Still, it's an interesting idea because MGM Mirage has long been talking about building non-casino resorts around the world. This could be a first step.