MGM Mirage makes $200 million dollar payment on City Center

Las Vegas Nevada USA
MGM Mirage makes $200 million dollar payment on City Center development.
Speculation of pending bankruptcy circulated after MGM Mirage recently retained the services of the law firm Dewey & LeBeouf. The $8.6 billion dollar project owned by MGM and investment partner Dubai World is currently under construction with the first portion of the project slated to open in November of 2009. Dubai World recently entered a suit against MGM Mirage alleging that the casino owner breached terms of the venture, as well as for the massive cost overruns on the project. City Center is the largest privately funded construction project in the United States. Situated at the heart of the Las Vegas strip, the City Center project includes a vast complex of hotels, casinos, residential condominiums, restaurants, retail space and entertainment venues. City Center was designed and construction begun during a time of prosperity for the gaming and tourism industry. As a result of the current global financial crisis, MGM has struggled with declining revenues from the operation of its gaming and hospitality properties and was in danger of defaulting on the most recent payment. MGM and Dubai World state that they seek to find a long term solution for funding of the City Center. Photos taken today document that construction continues at the site.

Las Vegas Nevada USA
MGM Mirage makes $200 million dollar payment on City Center development.
Speculation of pending bankruptcy circulated after MGM Mirage recently retained the services of the law firm Dewey & LeBeouf. The $8.6 billion dollar project owned by MGM and investment partner Dubai World is currently under construction with the first portion of the project slated to open in November of 2009. Dubai World recently entered a suit against MGM Mirage alleging that the casino owner breached terms of the venture, as well as for the massive cost overruns on the project. City Center is the largest privately funded construction project in the United States. Situated at the heart of the Las Vegas strip, the City Center project includes a vast complex of hotels, casinos, residential condominiums, restaurants, retail space and entertainment venues. City Center was designed and construction begun during a time of prosperity for the gaming and tourism industry. As a result of the current global financial crisis, MGM has struggled with declining revenues from the operation of its gaming and hospitality properties and was in danger of defaulting on the most recent payment. MGM and Dubai World state that they seek to find a long term solution for funding of the City Center. Photos taken today document that construction continues at the site.

Las Vegas Nevada USA
MGM Mirage makes $200 million dollar payment on City Center development.
Speculation of pending bankruptcy circulated after MGM Mirage recently retained the services of the law firm Dewey & LeBeouf. The $8.6 billion dollar project owned by MGM and investment partner Dubai World is currently under construction with the first portion of the project slated to open in November of 2009. Dubai World recently entered a suit against MGM Mirage alleging that the casino owner breached terms of the venture, as well as for the massive cost overruns on the project. City Center is the largest privately funded construction project in the United States. Situated at the heart of the Las Vegas strip, the City Center project includes a vast complex of hotels, casinos, residential condominiums, restaurants, retail space and entertainment venues. City Center was designed and construction begun during a time of prosperity for the gaming and tourism industry. As a result of the current global financial crisis, MGM has struggled with declining revenues from the operation of its gaming and hospitality properties and was in danger of defaulting on the most recent payment. MGM and Dubai World state that they seek to find a long term solution for funding of the City Center. Photos taken today document that construction continues at the site.

Las Vegas Nevada USA
MGM Mirage makes $200 million dollar payment on City Center development.
Speculation of pending bankruptcy circulated after MGM Mirage recently retained the services of the law firm Dewey & LeBeouf. The $8.6 billion dollar project owned by MGM and investment partner Dubai World is currently under construction with the first portion of the project slated to open in November of 2009. Dubai World recently entered a suit against MGM Mirage alleging that the casino owner breached terms of the venture, as well as for the massive cost overruns on the project. City Center is the largest privately funded construction project in the United States. Situated at the heart of the Las Vegas strip, the City Center project includes a vast complex of hotels, casinos, residential condominiums, restaurants, retail space and entertainment venues. City Center was designed and construction begun during a time of prosperity for the gaming and tourism industry. As a result of the current global financial crisis, MGM has struggled with declining revenues from the operation of its gaming and hospitality properties and was in danger of defaulting on the most recent payment. MGM and Dubai World state that they seek to find a long term solution for funding of the City Center. Photos taken today document that construction continues at the site.

Las Vegas Nevada USA
MGM Mirage makes $200 million dollar payment on City Center development.
Speculation of pending bankruptcy circulated after MGM Mirage recently retained the services of the law firm Dewey & LeBeouf. The $8.6 billion dollar project owned by MGM and investment partner Dubai World is currently under construction with the first portion of the project slated to open in November of 2009. Dubai World recently entered a suit against MGM Mirage alleging that the casino owner breached terms of the venture, as well as for the massive cost overruns on the project. City Center is the largest privately funded construction project in the United States. Situated at the heart of the Las Vegas strip, the City Center project includes a vast complex of hotels, casinos, residential condominiums, restaurants, retail space and entertainment venues. City Center was designed and construction begun during a time of prosperity for the gaming and tourism industry. As a result of the current global financial crisis, MGM has struggled with declining revenues from the operation of its gaming and hospitality properties and was in danger of defaulting on the most recent payment. MGM and Dubai World state that they seek to find a long term solution for funding of the City Center. Photos taken today document that construction continues at the site.