Australian casino operator Crown Ltd (CWN.AX) denied on Monday media speculation that it was considering an investment in the $8 billion CityCenter project in Las Vegas.
The Wall Street Journal reported on Sunday that Crown's owner, Australian billionaire and gambling magnate James Packer, is weighing a stake in the development, which is owned by MGM Mirage (MGM.N) and Dubai World [DBWLD.UL].
The project faces uncertainty after Dubai World sued MGM over the development and expressed concern about MGM's ability to survive. (Reporting by Jonathan Standing)END
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