MGM to Sell Detroit Casino

MGM Grand Detroit, the city's largest and most profitable casino, is up for sale.

It's just one property across Las Vegas-based MGM Mirage's multinational empire being pitched to buyers as the debt-ridden company seeks to shore up its balance sheet, two sources familiar with the matter confirmed Sunday.

The specter of a sale of MGM Grand Detroit and other profitable properties like Bellagio on the Vegas Strip comes as MGM Mirage is seeking to erase tens of billions in debt, much of it financing the company's $8.6 billion CityCenter venture in Las Vegas.

For the complete story, please see Nathan Hurst, MGM puts casino on the block, The Detroit News, March 16, 2009.