Legal Action In $9.1 Billion Real Estate Project CityCenter Las Vegas

Project CityCenter HotelsLegal action in $9.1 billion real estate Project CityCenter Las Vegas brought on by joint venture partner Dubai World against real estate developer MGM MirageDubai World says their partner is mismanaging the resort located on the Las Vegas Strip.  The project has been riddled with financial difficulties.

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Dubai World Possible Joint Venture Business Partner With MGM Mirage

Project CityCenter Las VegasDubai World is possible joint venture partner with MGM Mirage after the Nevada Gaming Commission rules on their business relationship later this month.  Dubai World is the investment division of the Persian Gulf state.

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Bonds Issued By MGM Mirage Backed By New York New York Vegas Casino

Project CityCenter Las VegasBonds issued by MGM Mirage backed by New York New York Vegas casino.  This past week the gaming company issued $750 million in senior secured notes.

The private offering notes will be due 2013 will allow the buyer to receive a 15 percent yield and 13 percent interest will be paid by MGM Mirage.

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Dubai World Given Permission To Purchase 20 Percent Of MGM Mirage

Project CityCenter Las VegasDubai World was given permission to purchase up to 20 percent of MGM Mirage stock.  The New Jersey gaming regulators recently will permit the second largest MGM Mirage shareholder to purchase 10.5 percent more stock.

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