MGM Mirage granted second waiver from lenders
Events surrounding financially troubled MGM Mirage are fast becoming the gaming industry's biggest soap opera.
On Friday, hours after the company made a $70 million equity payment to keep construction work continuing on the massive CityCenter development, word surfaced that MGM Mirage and its feuding joint venture partner, Dubai World, had reached an agreement to complete the $8.7 billion Strip project.
Representatives of both MGM Mirage and Dubai World, however, backed away from saying a deal was complete. Both sides said talks are continuing toward a plan to fund the completion of CityCenter.
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