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    Friday, November 27, 2009

    MGM Says CityCenter Not in Danger

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    By Darryl R. Isherwood
    FOXBusiness
       

      MGM Mirage (MGM) said Thursday Dubai World’s restructuring should have no effect on their $8.5 billion joint CityCenter project on the Las Vegas strip.

      The emirate has asked to delay payments on Dubai World’s $60 billion in debt, causing fears of a default that shook world markets.

      “CityCenter is fully funded, on schedule and ready to begin welcoming guests starting next week,” an MGM spokeswoman told Reuters. “Our joint venture is unaffected by Dubai World’s announcement.”

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