That crunching sound you hear? It might be coming from the credit markets.
Dan D’Arrigo, chief financial officer of MGM Mirage, said at the Reuters Travel and Leisure Summit on Monday that he thought the concerns about the accessibility of capital was a real worry and that it might have an effect on projects either on the drawing board or even those that are underway.
D’Arrigo, one of the featured guests at this year’s summit, warned to be on the lookout for companies that need to access the capital markets until this crisis gets resolved.
The Reuters Travel and Leisure Summit continues through Thursday at our Los Angeles offices.
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Brilliant piece Patrick as usual. Thanks for continuing to bring insightful analysis on the “crunch” I’d like to discuss this with you in more detail. Email me if you get a chance.
Bryan Dickson
- Posted by Bryan Dickson