Doubts Grow Over MGM Mirage's Future

Law360, New York (March 24, 2009, 12:00 AM EDT) -- With casino operators struggling to stay afloat in the midst of the recession, a big-time Dubai investor is threatening to pull out of an $8.6 million deal with MGM Mirage amid worries over the financial state of the Las Vegas operator.

On Monday, Infinity World, a subsidiary of Dubai World, filed suit in Delaware Chancery Court, seeking a declaratory judgment from the court that it was no longer obligated to continue payments regarding the massive CityCenter joint venture agreement between MGM Mirage and the company....
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