TITLE

CityCenter viability sparks lawsuit

AUTHOR(S)
Stutz, Howard
PUB. DATE
March 2009
SOURCE
Las Vegas Business Press (10712186);3/30/2009, Vol. 26 Issue 13, pP12
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on a lawsuit filed by Dubai World against its partner MGM Mirage over concerns about the viability of the City Center development in Las Vegas, Nevada. Several analysts believe the lawsuit sends negative signs on the financial status of MGM Mirage. According to the lawsuit filed in Delaware Chancery Court, Dubai World is seeking unspecified damages and wants to be relieved of its obligations under the companies' deal, which was signed in August 2007.
ACCESSION #
40539076

 

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