MGM has casino up for sale.

[IluvVegas]

The Vegas based owner of MGM Grand Casino has put it up for sale to try to avoid the debt they owe.

MGM Grand Detroit Casino brings in about 42 percent of the revenue of the 3 Detroit based casinos and this fact alone should make it very interesting to potential buyers.

MGM is trying to erase some of the tens of billions worth of debt it is now in.

MGM has 17 casinos in the United States and is willing to sell in order to clear their debt, right now the amount of this debt is right around $13B.

In 2007, shares of MGM were worth $96.40, and as of Friday, shares are now worth $3.53 which is a significant plunge in the worth of their shares.