When Dubai World filed suit against MGM seeking relief in regard to the CityCenter project, its general counsel, George Dalton said in its filing of the lawsuit against MGM "...He (George Dalton) also questioned the two-month waiver MGM Mirage received from its lenders last week to avoid violating its loan covenants. Analysts believe MGM Mirage may have to file Chapter 11 bankruptcy to restructure $13.5 billion in debt. In a Securities and Exchange Commission filing, MGM Mirage said there is "no certainty" the casino operator can continue to operate that long."...
I read this to say that MGM questions whether they can continue to operate 2 more months without filing bankruptcy.
Man, things are tough!!