Dubai World Files Suit against MGM
Published by Irhal
Dubai World’s Infinity World subsidiary on Monday filed suit against MGM Mirage because it is concerned that funding commitments for the $8.6 billion project will not be met. The 67 acre city center project is currently being built on the Las Vegas strip. MGM recently filed SEC returns indicating it may not be able to meet its debt repayment obligations. MGM has over $13 billion in outstanding debt…
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