MGM Resorts (MGM +1.3%) CEO Jim Murren concedes the company will lose some business for its...

|About: MGM Resorts International (MGM)|By:, SA News Editor

MGM Resorts (MGM +1.3%) CEO Jim Murren concedes the company will lose some business for its Detroit-area casino to Ohio with new projects popping up in the neighboring state. The company is on the hot seat with Wall Street just a bit with the costly $850M investment in MGM Grand Detroit not paying itself as quick as forecast.