Dubai World, MGM push casino deal

02 May 2009

Dubai World and MGM Mirage have agreed to finish building the $8.5bn Las Vegas entertainment complex CityCenter, after reaching agreement by nine lenders led by Bank of America to commit to all of a $1.8bn senior secured credit facility, The National has reported. MGM Mirage has also agreed to pay any completion costs that may exceed the $8.5bn budget.

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