MarketWatch -- MGM Mirage, facing a liquidity crunch and a rapidly deteriorating gambling business environment, told federal regulators Tuesday that it is unable to file its quarterly financial reports on time.
In a filing with the Securities and Exchange Commission, MGM Mirage said that the main reason for delay is that it is "still in the process of assessing its financial position and liquidity needs" in light of the economic crisis that have "negatively impacted . . . operating results." The casino giant also cited instability in the capital markets that means it can't "finalize its financial statements, including the notes thereto, at this time."
