- MGM Resorts (MGM -3.5%) confirms it reached a settlement with Perini Building Co. over losses on the Harmon Tower project in the CityCenter complex.
- CityCenter will receive roughly $195 million related to its Harmon construction defect claims.
- As part of the settlement, MGM will pay $20M towards CityCenter and $153M to Perini to settle liens not related to Harmon.
- SEC Form 8-K
MGM Resorts reaches settlement on CityCenter project
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| Symbol | Last Price | % Chg |
|---|---|---|
| MGM | - | - |
| MGM Resorts International | ||