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....
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.