Nugget No. 1 - Big day tomorrow in the CityCenter world. Both MGM MIRAGE and Dubai World must fund a payment and, sources say, so far Dubai World has not come through on its part of the transaction. If it does not do so, the project could be shut down Friday.
But MGM MIRAGE has other options, including funding Dubai's payment, too. And, the question looms, could the company find another partner at this point to infuse cash?
The reverberations if the project is padlocked will be felt all over the state, from the Strip to the Legislative Building.
Wowzer. The national economy is showing hopeful signs, but is tomorrow the day that Nevada actually falls off the cliff? I searched around to see if I'd missed any stories from either local newspaper on this and didn't find anything in today's R-J or Sun. But nope, nothing on either site nor on the blogs of the city's two key gaming reporters.
Am I missing something here? If Dubai refuses to pay, MGM may stop construction on CityCenter and the top headlines on local newspaper sites right now are about Legislature Democrats not having a budget plan ready by Monday and hearings on a lottery? I mean, those are worthy stories both, but does any of it matter if 10,000 construction workers lose their jobs tomorrow and 12,000 full-time jobs are thrown into jeopardy? Shouldn't both sites have countdown clocks or something?
Also strange, given this scenario, was the rather startling uptick in MGM Mirage stock right at the last few moments of trading today. See? (click on the image to make it clearer.)
Does someone know something? Or does someone think they know something and they're wrong? The stock, up 8 percent today, fell 9.4 percent in after hours trading.
I'd love to watch what happens at the opening bell tomorrow, but I'll be at a military parade for which I must leave my hotel room at 5:45 a.m. CT. "Eek!" in advance for all involved.
[UPDATE, 7:22 pm PT: At least someone besides Ralston notices this pivotal moment. The Wall Street Journal, of course.]
[UPDATE#2, 8:09 pm PT: The R-J just posted what appears to be Howard Stutz's piece for Friday's paper. No "breaking news" tag on it to denote its urgency, though. The Sun, despite having Ralston on staff and some of the reputed best minds in web journalism in their arsenal, still has nothing. Odd, that.]